A View from Above: Justin Ryan, VP, Strategic Planning and Marketing, Honeywell Aerospace
Episode Description
Justin Ryan, vice president of strategic planning and marketing at Honeywell Aerospace, discusses the impact of the financial crisis on the industry and on Honeywell, how his company is controlling costs during the economic downturn, industry changes likely to come as a result of a new administration in Washington, how his company differentiates itself from the competition, and how he manages across a global organization. Ryan offered his comments in an interview during the sixth annual Wharton Aerospace Conference held recently in Philadelphia. Visit the site: http://executiveeducation.wharton.upenn.edu/wharton-aerospace-defense-report/index.cfm
Brief Summary
Honeywell's aerospace strategies focus on diversification, innovation, and understanding customer needs in a global market.
Key points
- Honeywell's Diverse Aerospace Portfolio. Honeywell boasts a diverse aerospace portfolio, serving various customers across air transport, defense, and space.
- The Importance of Diversification. Diversification helps Honeywell balance resources and navigate market cycles effectively.
- Innovation Opportunities in Aerospace. Honeywell faces a challenge in funding innovative ideas despite having many opportunities.
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Episode highlights
- Honeywell's Diverse Aerospace PortfolioHoneywell boasts a diverse aerospace portfolio, serving various customers across air transport, defense, and space.“We have probably the most diverse aerospace portfolio out there.”0:24Apr 24, 2009
- The Importance of DiversificationDiversification helps Honeywell balance resources and navigate market cycles effectively.“Diversification really does help us quite a bit.”1:19Apr 24, 2009
- Innovation Opportunities in AerospaceHoneywell faces a challenge in funding innovative ideas despite having many opportunities.“We have thirty to fifty percent more ideas than we actually have capacity to fund.”5:51Apr 24, 2009





