It takes more than wanting and wishing to make it to the top influential and wealthiest entrepreneurs list in the world. Success is for the fierce minds who are ready to go past all the obstacles and get where they want to be. A successful investor also considers the long-term life of business besides the present success of a firm. (See: Louis Chenevert Becomes The Eighth Chairman Of United Technologies)
All these responsibilities are solely for the Chief Executive Officer of the company to handle. The knowledge and the intelligence of the CEO differentiate the conglomerate from other competitors. These qualities lead us to Louis Chenevert who served as the CEO of United Technologies Corporation (UTC) from 2006-2014. Louis left the firm to have a break from the busy and demanding corporate world to pursue his personal interests.
Before joining UTC, he worked as the President of Pratt & Whitney, which was a branch of UTC at the time. He was made President after six years of productivity in the firm. During his time at Pratt & Whitney, he saw the potential of the GTF engine and knew it had a great future. This is why after becoming the CEO of UTC, he married off the two companies. The investment costs UTC 10 billion and two decades to develop and design the engine.
This has been very rewarding and valuable to UTC. More than 14 airlines are using the GTF engine in about 70 aircraft. The GTF engine is popular because it reduces fuel consumption by 16% and the gasses emissions by 50%. This makes the engine environmental friendly and acceptable to many other nations.
The other factor that Louis Chenevert has always been keen on is the employees’ department. He knew that his goals for the company were only possible to accomplish with the help of the workers. This is why while other firms were busy conducting layoffs during the financial crisis, he moved his employees to other parts of the firm where their skills were applicable.
Louis says that to be successful, you have to invest in your team. Choose the right team to work with and then train them to improve their skills. Go Here for more information.