Now Entering Russ's World
Different investors have different tips on how to get to the top. The ways that everyone believes in is what worked for them. Every investor has to research in all possible ways the methods that are workable and chose what is effective to their enterprises and embrace them. An astute entrepreneur knows there is no time that one can have learned enough.
Louis Chenevert is among the most studied entrepreneurs in the world. His mechanisms of running a conglomerate have been tested by very many business persons and have been proved very successful. Louis Chenevert has led to the prominence of more than 50 business enterprises. However, Louis Chenevert is renowned for the legacy he built in the United Technology Corporation (UTC) as the CEO.
Louis Chenevert has always been a focused individual in everything that he does. When he was in HEC Montreal, where he acquired his degree in Production Management; he was so brilliant that his lecturers began looking for jobs on his behalf.
His first workplace was at General Motors where he worked for 14 years. His significance in the company led to his promotion to the Production General Company of the firm. In 1993, Louis Chenevert got greener pastures at Pratt & Whitney, which is an engine manufacturing company. This was his beginning of greatness.
Louis Chenevert earned himself a promotion six years later as the President of the company. Later, the UTC came with an offer that Louis Chenevert would not resist: the CEO position. This was the best decision the company had made during that recession period.
Louis Chenevert led the company to the next level. The shares of the company increased by almost 200%. It became known as the most profitable firm in the United States. Louis Chenevert also marked the American History of crossing the state’s most expensive aerospace deal by purchasing the Goodrich at $16 billion. This acquisition helped the company in gaining stability and being independent in manufacturing.
Conclusion : Leadership is key to success in every company. UTC was only able to go to the next level through wise decisions and great strategies.