The success of Louis Chenevert is a legend in the world of business. He is the former Chief Executive Officer of the United Technologies Corporation (UTC). His reign in the corporation led to his great reputation in the industry.
Louis Chenevert began his career in General Motors. He worked for 14 years. The next company he worked for is Pratt & Whitney. It is during his time in the latter that he learnt the GTF engine. In 2006, he was nominated as the Chief Executive Officer of UTC.
Chenevert made multiple changes in UTC Company. The intensive shares of the firm rose by approximately 200%: 37% to 117%. He also made major acquisitions in the firm, which made the firm superior. The GTF engine took the firm two decades to develop and $10 billion. Years later, this investment has made a huge difference in the company. The engine is used by 14 airlines in more than 70 aircraft. He also bought Goodrich at $16 billion.
Many business people around the world have been learning the ways of running their business from Louis Chenevert. They confirm his mechanisms valid. The current CEO of UTC also uses the techniques of Louis Chenevert. He says that this helps in maintaining the standards that Chenevert set for the company.
Chenevert says that it is hard to point out one attribute he has that led to his success in UTC. He, however, says that his relentless focus has helped him in accomplishing his goals. The other factor that he advises the young business people to consider is the team they work with, in their enterprises. He says that it is important to invest in the people you are working with, to see that they are up to performing the tasks that you may need to delegate.
When we reflect on our past, there are many things that we feel we could have done differently. For Louis Chenevert, he could change the way he dealt with the internal politics of the company. He says that it is vital to learn to ignore the individuals who are always against the agenda of the firm and walk with those who are aligned with the vision of the company.