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I have examined the background of UTC and Carrier focusing on their global strategy First I have looked at UTC strategy and then at Carriers as a part of UTC The focus is on Toshiba Carrier and Carrier China Second analyze the results of the global strategy on the financials for Carrier Lastly a supported opinion of why the company should continue their current global strategy United Technologies Corporation has a large variety of high technology products and support services that they provide to the building systems and aerospace industries United Technologies Corporation UTC is a leader in global industry innovation They are headquartered in Hartford Connecticut UTC operates in more than 180 countries around the world Its operations are classified into five segments Otis Escalator Elevator Pratt Whitney and flight systems Aircraft Engines helicopters and Chubb Security and fire protection UTC 2003 Revenues were 31 billion and they employ 205700 people Annual Report 2003 UTC president is George David and his current salary is 43 million Carrier is a subsidiary of diversified manufacturer United Technologies Corporation Willis H Carrier invented the basics of modern air condition in 1902 Carrier has been the world leader in the manufacture and sale of heating ventilating and air conditioning HVAC systems and products Willis and six engineers formed the Carrier Engineering Corporation in 1915 with a starting capital of 35000 1995 Sales topped 5 billion Bellis p1 Carrier is headquartered in Farmington Connecticut Carrier operates in more than 172 countries around the world Carrier combines its global HVAC and refrigeration expertise with the responsiveness of its local operations to lead nearly every geographic marketBellis p1 Carrier provides aftermarket services and components for it products Its Transicold unit makes trucktrailer and container refrigeration equipment and provides transport air-conditioning systems for bus rail and marine customers Carrier accounts for about 30 of its parents sales Hoovers 2004 Carrier Sales for 2003 were
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