Many factors determine the direction that every company takes. One of the most significant factors is leadership. The CEO of an organization is the driver of a conglomerate and needs to navigate wisely to be able to take the company to the next level. This is why every firm needs to be careful about who they nominate as the President and CEO of the Company.
United Corporation Technologies (UTC) was keen in appointing their CEO in 2006, and their decision made a permanent difference to the firm. The current CEO of the firm says that the mechanisms that Louis Chenevert used are still employed in the firm to maintain the standards of the conglomerate.
Here are some tips on how Louis Chenevert became legendary in the investment world;
Investing in the Future
Louis Chenevert led UTC to invest in future high technology. He was not only concerned in the assets of the company but the employees of the firm as well.
Louis Chenevert believed that it was through organizing and empowering his team that he could accomplish his goals as the CEO. This is why he chose to transfer his employees to other sectors of the firm where their skills would be valuable.
Louis Chenevert saw investing in future technology as the only way of safeguarding the future of the USA.
Creating Environmental Friendly Products
Besides being a successful businessman, Louis Chenevert is an environmentalist. When he realized the high level of global warming, he found a remedy. He reduced the consumption of water as well as the emission of gases. As a result, the products of the company were acceptable in many countries which increased the sales of the company. Louis encouraged other firms to follow the same path.
During his reign, Louis Chenevert made purchases that have been confirmed very valid to the firm. For instance, the Pratt & Whitney acquisition that cost the firm $10 billion and 20 years to develop has been very productive in the long last.
He also made history in the United States for crossing a $16 billion aerospace deal with Goodrich.