There are many valuable tips that we can learn from the investors who invested before us. Louis Chenevert has captured the hearts of many with his success in the UTC Company. His dedication and commitment to the conglomerate led to the success and high ranking of the firm.
Louis Chenevert was hired as the Chief Executive Officer of UTC during the financial crisis. This was due to the impact he was making at Pratt & Whitney as the President, which was then a branch of UTC. The face of the company changed with him as the CEO. For instance, its shares value raised by approximately 200%: 37% to 117%.
A worthwhile, quick watch on maintaining momentum with innovation: https://t.co/t0aA5Z7TVu
— Louis Chenevert (@louis_chenevert) October 16, 2017
There are many techniques that Louis used to see this happen. For instance, he cared for the welfare of the employees. When the other firms were busy conducting massive layoffs, he moved the employees of UTC to a centralized location, where they would empower each other and give better results. Louis says he had big goals for the company and it would only be possible to achieve them through the help of the employees.
Louis Chenevert bought the GTF engine because he had seen the potential it had, when in the Pratt & Whitney firm. This acquisition took more than two decades to come to life, but it has boosted the income of the firm.
In an interview, Louis Chenevert says that if he went back in times, he could pay attention to the internal politics of the organization. He explains that some people are energy drainers and they are always working against the plans to propel the business. He advises the young business people to ignore the naysayers and focus on those who are ready to make a change.
Another factor that makes Louis successful is his team. He says that you cannot bring to life any mastermind plan if you do not have the solid support of the team. It is, therefore, essential to be picky when choosing who to bring in your team. It is also advisable to invest in advancing the skills of your team. This puts you at ease when you are delegating duties because you are confident in their performance.