Multiple factors determine the success of an individual. Many factors separate the successful individuals from others. Not many people have what it takes to get to the top. The catch in the success world is that only those who are committed get to have the wealth and riches. Louis Chenevert is among the investors who have been able to make a difference in the investment field.
When Louis Chenevert was born, no one knew he could become the person the world knows today. He was an average kid with an ordinary upbringing. It is the path that he decided to follow that made him the icon he is today. Many business people are researching the mechanisms he used in the United Technologies Corporation to turn things around. Others have tried to use the same methods in their ventures, and they have proved effective.
Louis Chenevert served as the CEO of UTC for less than a decade but the impact that his work had on the firm, will last for many decades. When he joined the company, many firms were closing down and fighting to remain in business as a result of the tough financial crisis. Despite this not being a good time, Chenevert did not only manage to stay in business but to improve the company as well. Louis Chenevert improved the shares of UTC by almost 200%.
Louis Chenevert did this through his innovation and creativity. He also led the firm to invest in the future, which he believed would not only be indispensable to the company but to the state as well. It is worthwhile to note that by investing in the future, he referred to resources as well as the human capital. Louis Chenevert ensured that he maintained the employees of the conglomerate when others were conducting massive layoffs.
The acquisitions that Louis Chenevert made also contributed to his success with UTC. The first thing that he did when he became the CEO of UTC was to purchase the GTF engine he saw in the Pratt & Whitney, where he used to work previously. He also bought the Goodrich at $18.2 billion. The acquisitions helped the company gain leverage.