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.