All investors around the globe discuss the success of Louis Chenevert. Chenevert has participated in the success of more than 50 companies. The change that he made in United Technologies Corporation (UTC) is what led to his legacy. Many business persons are using his mechanisms in running businesses, and they have proved very effective. Here are some attributes that contributed to the success of Louis Chenevert;
Good Relations with Employees
Louis Chenevert believes that employees contribute significantly to the growth of a conglomerate. He advises other investors to boost the performance of the employees for quality goods and services.
He also warns them to be careful with who they bring in their team.
Chenevert joined UTC in 2006. This was during the recession period, and many firms were shutting down. Others were moving their plants to other countries, where they could get cheap labor.
Instead of conducting layoffs, he moved the engineers to other sites.
Louis Chenevert knew the importance of investing in the future. Before his appointment in UTC, he worked as the President of Pratt & Whitney. During his time here, he learned the power of the GFT engine. On becoming the CEO of UTC, he bought the engine at $10 billion. It took the company, more than two decades to design the engine.
Louis Chenevert accomplished his vision of protecting the economy of the USA through his acquisitions. UTC will be able to employ more than 25000 employees in 3 years’ time and have 5000 new projects in the market.
Care for the Environment
Louis Chenevert is an environmentalist. When he realized the rate of global warming was rising rapidly, he knew he had to do something. He led to the creation of environmentally friendly products. This was by reducing the emission of greenhouse gases by 26% and the consumption of water by 53%.
The eco-friendly products expanded the market for the products because they were eligible in many countries.
Louis Chenevert says that his very focused on his work. He sees that he doesn’t deviate from the plan. He puts all his effort to see he brings his ideas to life.
He also stays positive throughout the process, and the rewards have been very rewarding.