United Technologies Corp

question 29

True/False

United Technologies Corp.(UTC) uses acquisitions of firms such as Otis Elevator Company (elevators, escalators, and moving walkways) and Carrier Corporation (heating and air conditioning systems) as the foundation for implementing its related diversification strategy.

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Definitions:

Performance Management System

A system that sets standards, assesses results, and plans for performance improvements.

Assesses Results

The process of evaluating or analyzing the outcomes of actions, projects, or tests.

Future Performance

The expected achievements or outcomes of an individual or organization in the upcoming period.

Multifunctional Viewpoints

Perspectives that involve considering and integrating diverse functional areas and expertise to address issues or make decisions.