Otis Elevator Company

Asian Studies > East Asian Cultures
Business > Companies
Economics > Macro

An overview of the Otis Elevator Company, a business unit of the Hartford, Connecticut based United Technologies Corporation (UTC).

1,590 words () | 13 sources | APA | 2007 United States

Paper Summary:

This paper focuses on the Otis Elevator Company and compares the environmental differences between the United States and China. The sociocultural trends of short vs. long term orientation and individualism vs. collectivism are also analyzed for the two countries. Lastly, the environment is examined with a comparison of technological and macroeconomic trends.

Table of Contents:
Introduction
Sociocultural Trends- Individualism vs. Collectivism
Technological Trends
Macroeconomic Trends
Conclusion

From the Paper:

"China is undergoing incredible change much like the U.S. at the start of the industrial revolution, as it transitions from a primarily agricultural society to a global superpower. China is a country which recently has become a hotbed for research and technological innovations. Within the last five years the number of patents issued to Chinese firms has grown at the impressive rate of between 15% to 25% a year, with 36.4% growth being experienced from 2004 to 2005. This number of patents being awarded clearly illustrates the innovation of the Chinese as well as their desire to protect their intellectual property."

Sample of Sources Used:

Economy of the United States. (2007). In Wikipedia [Web]. Retrieved March, 1, 2007, from http://en.wikipedia.org/wiki/Economy_of_the_United_States
Energy in the United States:1635-2000. Retrieved: February 25, 2007, fromhttp://www.eia.doe.gov/emeu/aer/eh/frame.html January 24, 2006.
Fewsmith, J. (2001). The Political and Social Implications of China's Accession to theWTO. The China Quarterly, No.167.pp.573-591. Retrieved February 26, 2007, from JSTOR database.
Hofstede, Geert. (2003). Geert Hofstede Cultural Dimensions. Retrieved: February 20, 2007, from http://www.geert-hofstede.com
Jones, C.I. (March,2002). Sources of U.S. economic growth in a world of ideas. The American Economic Review, 92, Retrieved February 26,2007, from JSTOR database.