In my opinion for years Honeywell in their quarterly conference calls has stated they have been planting seeds for organic growth. The fact that there is little to no real sustainable organic growth at Honeywell in years is of concern. In my opinion there is something very wrong when a company continually fails to produce sustainable organic business growth and no one is held accountable. You typically see this in a organization and culture of "YES MEN" where not rocking is valued and expected at all levels.
Hopefully major business management changes and major shake-up occur soon at the (President, Vice President, General Manager, General Business Director levels regarding failure to produce real organic growth). It appears many that have been responsible for organic growth within the business's have been in place for years. Hopefully all levels of business management will be held accountable for failure to produce organic growth down to each and every individual. Organic growth in my opinion is the best barometer of a businesses health.
My definition of Organic growth is the process of business expansion by increased output, customer base expansion, or new product development, as opposed to mergers and acquisitions, which is inorganic growth.
Organic growth typically excludes the impact of foreign exchange. "Core growth" is the term that is used to refer to growth that includes foreign exchange, but excludes divestitures and acquisitions.
Organic growth is growth that comes from a company's existing businesses, as opposed to growth that comes from buying new businesses.
What are others thoughts regarding Honeywell's organic growth performance, is senior management being held accountable, what management and business changes would you recommend?