Peruse the business group listings for United Technologies shown below and listed at its website ( www.utc.com ). How would you characterize each company’s corporate strategy? Related diversification, unrelated diversification, or a combination related-unrelated diversification strategy? Explain your answer.
Carrier—the world’s largest provider of air-conditioning, heating, and refrigeration solutions.
Hamilton Sundstrand—technologically advanced aerospace and industrial products.
Otis—the world’s leading manufacturer, installer, and maintainer of elevators, escalators, and moving walkways.
Pratt & Whitney—designs, manufactures, services, and supports aircraft engines, industrial gas turbines, and space propulsion systems.