Louis Chenevert knows how important it is for a leader to invest in the future. As a CEO he was able to set an example that others were eager to follow. When Louis was with a company he wanted those, who worked there to be proud to associate themselves with the team. He took over as CEO of United Technologies Corporation and began to make his influence on the culture. Louis wanted his team to understand that he believed in them and wanted to know about their ideas. He was a leader who could see the long term and short-term goals of a company. UTC is a cutting-edge technology organization and increased its influence in the industry during Chenevert’s leadership. Louis thrived on letting creative minds influence the company’s direction. This type of philosophy allowed UTC to develop into a business that supports the US economy with its creativity.
Technology changes at a rapid pace. There are always new items being presented to consumers. Therefore, customer demand continues to grow. Louis decided to keep UTC current with the swell of demand by hiring 20,000 people over a three-year period in the United States of America alone. A move such as this proved that his company was dedicated to supporting the creativity that they advertised.
The main organization in an industry will have affiliate brands that it works with. It is important to invest in support companies. United Technologies Corporation relies on many subsidiaries and made a tangible investment of 40 million dollars over a three-year period to keep them viable. This was to ensure that UTC was getting a quality product from their affiliates.
People are the creators of technology. UTC is a company that encourages creativity among its employees. Louis and his team wanted the innovative minds in the company to think outside of the box and push past the limits that had been set by the industry. UTC got behind this methodology by creating a scholarship program for team members to earn college degrees. The program allowed them to study any field of their choice, and the company paid for it. The idea was to provoke a healthy form of mental growth. Click Here for additional information on Chenevert.
Louis Chenevert is from Quebec Canada. He is a graduate of HEC Montreal. HEC is the business school affiliate of the University of Montreal. Chenevert earned his bachelor’s degree there and then set out to establish himself in business. He had a 14-year career with General Motors. Chenevert then went on to Pratt & Whitney. From there he became the CEO of United Technologies Corporation. Chenevert stepped down from his position as CEO of UTC in 2014.
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