No matter how small a business is, starting and running, it is not a walk in the park. It comes with tonnes of responsibilities. The scenario is worse if it is a big company which deals in products and services that are not in high demand. However, Louis Chenevert’s success at United Technology Corporation proves that it can be sunshine and rainbow if you want it to and it can be a walk through hell if you don’t put in the determination and innovation required in today’s world of business. The man who is now former CEO of UTC has been the primary driver in the success of the company. By bringing together contemporary and vintage, he managed to make UTC a leader in the manufacture of aerospace technologies. That way the company thrived at a time when America’s economy was at rock bottom.
Even as other similar businesses continued to fall, UTC never looked back instead it had quite a lot to show. He managed to increase the company share price by more than 100 % during the time he was the CEO. Currently, UTC is the number one leader in the production of the world’s most advanced jet engines, and it also runs the biggest elevator and escalator companies. It also boasts one of the most advanced jet engines in the world known as the GTF which uses less fuel. Its noise level is way too low in comparison to the ones in the market currently and is environmentally friendly. Looking at the tremendous success of Louis Chenevert you might be tempted to think that he used extra force on the workers reduced their salaries or even degraded the environment. But the case is quite contrary to that. What is his secret? You might wonder. Well, discipline, innovation, and co-operation with the employees were Louis Chenevert recipe. He knew that businesses do not innovate, but the people within do. With that in mind, he put in place a bill which helped the employees get more skills on their areas of expertise through studies. That way their input in the company’s product would be more productive. He also got involved in substantial negotiations where he eventually managed to acquire Good rich and made UTC even bigger. All these accomplishments were thanks to the skills that Louis Chenevert had acquired from his studies at the University of Montreal and also being business minded.