Success in business is a result of strategy and good planning. Many investors make mistakes by failing to make calculated decisions. A successful business person is open-minded and is creative. Sometimes things will fall out of place, and no predicted solution will work. This calls for the investor to think outside the box to see the business survives.
Take for instance Louis Chenevert, who made a legacy that will be remembered for years in UTC. When he joined the firm as the CEO in 2006, every firm was feeling the hit of the financial crisis. Many investors relocated to other countries in search of cheap labor to sustain their companies. Louis Chenevert saw this as a way of destroying the companies because to him cheap labor is equal to cheap services. What did Louis Chenevert do? He moved the employees of UTC to other sectors of the firm where their skills would be valid.
Louis Chenevert mechanisms of running a business are very effective in any conglomerate. He has been part of more than 50 companies that have accomplished significant results. For UTC, the eight years he served as their CEO is still having an impact on the company now and will still do, years to come. Louis Chenevert not only focused on the present progress for UTC but its future as well.
Louis Chenevert led the company to invest in high technology. He believed that this was the best strategy to secure the future of the USA. This is true because UTC is expected to offer 25000 more employment opportunities in the near future.
Louis Chenevert also made acquisitions that have been very fulfilling in the long last. Before he was appointed CEO of UTC, he was the President of Pratt & Whitney Company, which is an engine manufacturing firm. While he was working in the firm, he saw the potential of the GTF engine. When he joined UTC, he married off the two companies. Louis Chenevert is also renowned for crossing the most expensive aerospace deal in the USA for buying Goodrich at $16 billion.
Louis Chenevert is currently leaving a semi-retired life to spend time with his family and pursue his interests.