There are a lot of tips that upcoming entrepreneurs can learn from Louis Chenevert who has been successful in running businesses. He has shown his exceptional leadership skills by successfully running UTC and other companies to success. He is always dedicated and committed to ensuring he helps a company to achieve its goals and missions. That is why he was continually promoted to various positions while working at any company because he shows his ability to lead a company.
Louis Chenevert was employed to run UTC as the CEO at the time when there was a financial crisis. His appointment came because he was making a lot of impacts while working at Pratt and Whitney where he served as the president. The company was a branch of UTC. When he became the CEO, he changed the face of business operations, and he helped it to increase its shares significantly. Louis Chenevert used various techniques to make the company achieve success. One of the most notable things he did is caring for the employees. Since it was a time of recession, many firms conducted massive layoffs, but Louis Chenevert did otherwise.
He moved all the employees for the company to work in a centralized location where they could share great insights into how to achieve success. According to him, he had grand visions for the company, and he knew the only best way he could achieve this is by collaborating with the employees for optimal results. When he was working at Pratt and Whitney firm, Louis Chenevert saw that the GTF engine had huge potential. It is an acquisition that took him over twenty years, but it later boosted the company. At a recent interview, Chenevert says he would be careful with internal politics of an organization. That would help him to avoid those employees who are always focusing on draining others of their energy.
His advice to those starting businesses is to focus the visions and goals of a company and ignore naysayers. The best way to run a business is to be ready to change the market. Working with a team is encouraged because you will be able to bring ideas to life together.