The Chronicles of Louis Chenevert in UTC

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.

http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx

Stream Energy’s Philanthropic Footprint in Texas

The news that Stream Energy had launched its charity foundation, Stream Cares, came as no surprise as the Dallas-based firm has proven its affinity for charitable causes. And the energy firm does not just write checks but also commits time to philanthropic causes.

While it is the norm for many modern firms to be involved in corporate social responsibility, Stream Energy’s involvement in such causes is ingrained in its business model. The company’s business model relies on independent associates to market energy, wireless, and home services. The associates earn a commission based on their sales. The company has many associates, who are actively involved in philanthropic causes. Add that to the company’s effort, and you establish why the energy firm is the most talked about in Texas regarding philanthropy.

When Hurricane Harvey touched down in Southern Texas destroying homes, property, and displacing residents, Stream Energy made efforts to help heal and rebuild the affected areas. The company donated $25,000 to the American Red Cross. In addition, the firm collaborated with Red Cross, accepting donations on behalf of the non-profit. What’s more, the firm announced it would be lenient towards its customers in the affected areas, regarding payment of utility bills.

Statistics indicate that there is a 24 percent rise in homelessness in Dallas. What a better way to alleviate the suffering of the homeless than affording them memorable experiences? Stream Energy, its associates, and Hope Supply Co. have collaborated to sponsor annual Splash for Hope. The event saw over a thousand North Texas homeless children access monetary assistance, essential supplies, and partake in a fun day. Hope and Stream have had such partnerships for over four years.

Dallas-area veterans and their families have benefitted from Stream and its associates. Through the Operation Once in a Lifetime program, the company sponsored the veterans and their families to sumptuous lunch. The firm also catered to their transportations costs. The American Girl Doll experience shortly came after the lunch. The experience sought to pamper 10 young girls belonging to the veterans.

https://secure3.i-doxs.net/StreamEnergy/Default.aspx