It is essential that all young business persons keep reading and learning about the best mechanisms to conduct business from those who began before them. There is no time to make mistakes and learn from them; you got to be a step ahead. Many astute investors around the world have learned this and are looking up to successful business people like Louis Chenevert to take notes. In fact, many business people have incorporated his way of thinking and practical methods in their business, and they are very pleased with the outcome.
Louis Chenevert is the former CEO and Chairman of the United Technologies Corporation (UTC). The legacy he left here is what has led to his fame. What people don’t know is that his career began long before UTC and this is what may have contributed to his successful reign in UTC. Before he joined UTC, he was working as the President of Pratt and Whitney.
His position in Pratt & Whitney gave him a chance to learn about the GTF engine. He saw the future it held and knew it would be the next best thing. This is why when UTC nominated him as their CEO, he bought of his previous employer. It cost the firm $10 billion and 20 years to develop. Amazingly, these acquisition has paid off. The engine is being used in more than 70 aircraft and 14 airlines.
The ability to encourage UTC to invest in high technology is among the leading attributes that led to the success of Louis Chenevert. He believed that this way the way to see that the economy of the USA did not succumb to trouble in the future.
Louis says that if he were to start over again, he would keep an eye on the internal politics of an organization. He explains that they are always a group of people who do not support the agendas of the firm, they are the energy drainers. Focusing and diverting energy to these individuals will only ruin the firm. He advises young investors to be careful with who they include in their team.
Like Facebook’s Mark Zuckerberg, Apple’s Steve Jobs and Microsoft’s Bill Gates entrepreneur Nathaniel Ru and the business partners that he co-founded the company Sweetgreen started out with a big idea. Nathaniel Ru and his two friends were college students at Georgetown in Washington DC who got together and brainstormed a game changing business idea in their dorm room. What sets Ru and his business partners apart from Jobs, Gates and Zuckerberg however is that their big idea did not necessarily concern becoming the biggest name in technology. In 2007 these young entrepreneurs set out to conquer a totally different sector of the business world: food. Learn more: http://fortune.com/2016/02/18/sweetgreen-entrepreneurs/
Ru and his partners launched the restaurant chain Sweetgreen in order to fill what they saw as a dearth of easily accessible healthy food in the DC area. Their restaurant has won many fans by offering restaurant goers affordable, fresh, locally sourced food. The company has managed to open 40 different locations around the country after launching in the Washington DC area. The menu boasts wholesome and tasty menu selections like a warm salad called the harvest bowl which is comprised of goat cheese, apples, toasted almonds, sweet potatoes and roasted chicken. Sweetgreen also offers its customers a dish called the fish taco warm bowl that includes ingredients like cabbage, tortilla chips, a lime cilantro vinaigrette and roasted steelhead. Learn more: http://www.thehoya.com/nathaniel-ru-jonathan-neman-and-nicolas-jammet/
Though Nathaniel Ru and his partners are not tech world savants they are restaurateurs who have figured out how to build a seamless marriage between technology and good food. While many restaurants have had to adjust to the advent of technology by incorporating digital menu options into their site, Sweetgreen started out being aware of how important technology and the digital world is to building a relationship with contemporary diners in the 21st century. The company has focused on building a website and an app that allows customers to place their orders without having to come to a Sweetgreen location in person. Apparently the Sweetgreen app and website is such a success that according to business publication Fortune magazine one third of Sweetgreen’s sales are made through either of these mediums. Learn more: http://www.bizjournals.com/washington/news/2016/09/23/bluecart-simplifying-restaurant-orders-video.html
The company has also tried to innovate the restaurant business by throwing out traditional approaches to management. For many restaurants the relationship between corporate and local chains can be a distant one. Not so for Sweetgreen. The company prides itself on breaking down the barriers that typically keep a company’s most senior leadership removed from what is happening on the ground level at their company. They do this by taking time off from their work at the corporate office five times each year to work in their restaurants. This keeps them aware of what is happening with their company and makes them better equipped to make the right strategic decisions for Sweetgreen’s future.