The end goal of every business person is to immerse a lot of wealth and create a legacy. You want people to remember your time in the industry. The currency CEO of the UTC says that a CEO of a company is a steward. This means that you have to ensure that by the time you are leaving the organization, everything is better than you found it. Well, this perfectly describes Louis Chenevert.
Louis Chenevert is remembered every day in UTC because most of the things that the company is enjoying today, is as a result of the effort that he made and his intelligent decisions. The reign of Louis Chenevert lasted for less than a decade but what he did for the company will last for many decades.
Louis Chenevert encouraged the UTC firm to invest in high innovation future technology. Although this seemed like too must to ask, the firm is now enjoying the fruits of the investment. The GTF engine that Louis purchased from the Pratt & Whitney is currently being used in more than 70 aircraft by 14 airlines. This is because it reduces fuel consumption and emission of gases as well.
Louis Chenevert also believes that the only way a leader can be effective in their job is by having a solid team behind them. You cannot achieve your goals by yourself. You need a team to help in the evaluation of your goals. This explains why when other employers were busy conducting laying offs to get past the financial crisis, Louis Chenevert did not consider this option. Similarly, when others began moving their production units to nations from which they believed they could get cheap labor, he also did not follow them.
Louis Chenevert believes that cheap labor will only compromise the quality of the services. For this reason, whenever he saw engineers on a site that was no longer productive, instead of cutting off their services, he moved them to another productive location. Louis Chenevert encourages the young business people to invest in their team to ensure that the services they get are quality. It is through a great team that dreams are lived.