Vital business management lesson to learn from Louis Chenevert
Louis Chenevert is a Canadian businessman who has made a very big contribution to the success of the United Technologies Corporation. He is among the CEOs of the company who have performed excellently and pushed the company to high levels of success. Under his watch as the president of Pratt & Whitney and also as the CEO of UTC he saw massive investment in the human resource as well as technology. He knew very well that these two would be crucial drivers of the aerospace industry in the future and therefore concentrated on improving them. Today, UTC is the company it is because Louis Chenevert made the big step of investing in technology. Currently, the company is employing thousands of employees due to expansion which was facilitated by technological development during his time.
Looking at the career life of Louis Chenevert, there are important lessons that the novice entrepreneurs can learn from him. Looking at the management style of Chenevert, there is one important point to the home, and that is the importance of investing in human resource. The employees you have at your workplace will determine greatly if the business will succeed or not.
You can employ workers who did very well in the interviews, but once they get into the real job, they become different people. One important thing you need from all the employees is positive energy and attitude. You want to employ people who believe in the cause that you are working for. They must also hold the values and culture of the company with great esteem. The organization must work toward the same goals, and this means having everyone aware of what is their responsibility in the business. Louis Chenevert ensured that UTC did improve not only technology but also the employees. He increased financing to employee education programs so that they could enhance an update their skills.
Louis Chenevert worked as the President of Pratt & Whitney between 1996 and 2006. He then took up the role of CEO of UTC from 2008 to 2014. UTC is a conglomerate of multiple businesses which Louis Chenevert was supposed to oversee. As the CEO of the company, he increased the revenue of the company significantly.