Top Managers ( specially the ones coming from Tyco ) with poor ( and especially very old fashioned ) skills or industry knowledge. Results obtained through expense reduction on basic areas or even through, i.e. tree months travel freeze every year . Micromanagement have paralyzed the company. As there is not a business strategy, business and customers are shirinking and results are achieved through cost reduction, restructuring and freezing. Looks like George Oliver only cares about staying in the position another qtr. Whatever the impact on business and customers. Therefore he is appointing cost reduction freaks around, and just destroying a well earned reputation and wasting the money coming from Automotive sales. Motivation of employees is under critical levels. Completely unable to transform the company to where the market is demanding. Different areas working in different directions, consultants such as Accenture, McKinsey working without communication. Technologies ( As CRM ) implemented with hierarchical systems and not using any agile system. Configuration done without working in cultural change at all. Same organization, same processes, same very old fashioned Sales & Marketing strategies with just a new technology that doesn`t fit... If I would be thinking in investing in JCI would be only intra day for a very speculative ROI, but there is no mid-long term profit expected coming from business operations.
Don't get fooled by the thermostat, IoT, and content they are publishing to clean their image with the new Social Media person they have hired and that are publishing content with no foundations. JCI is just a dying dinousar.
