Global strategy and management consulting firm A.T. Kearney along with Bloomberg Businessweek/China have jointly recognized Honeywell as the “Best Innovator China 2015 – Building Future Talents.”
The Best Innovator program celebrates innovation management by assessing how participating companies’ achievements and internal processes compare with global best practices. With Chinese companies expanding their focus on innovation and R&D and increasingly exporting innovation on a global scale, A.T. Kearney, together with Bloomberg, brought the program to China in 2014 to recognize and track the unique competitiveness of China’s home-grown innovation.
Honeywell China won the award for its East-for-East and East-to-Rest innovation strategies and for its relentless focus on developing and nurturing local talents. Through the Company’s East-for-East strategy, Honeywell identifies China’s specific needs around safety and security, environment and energy efficiency, productivity, and other dire concerns of the population such as air and water, and meets them with locally-developed innovations. Currently, Honeywell has had more than 3,000 patents and patent applications in China, adding around 300 new ones each year. Currently, one third of our revenue
s in China come from such East-for-East innovations and products.
Minda Xu, Vice President of Strategy and Marketing, Honeywell High Growth Regions was receiving the honor on behalf of Honeywell at the award ceremony in Shanghai on January 21, 2016
“Innovation is not just about technology. It aims at producing meaningful outcomes that are for the benefit of people, “said Stephen Shang, President and CEO of Honeywell China. “We believe environmental protection and energy efficiency are the most fundamental challenges and needs in China. That provides technology-driven companies like Honeywell with a huge, strategic opportunity to drive a smarter and more sustainable growth through innovation.”