The leadership in an organization determines the success of a firm. Leadership entails creating a conducive environment for your employees, ensuring there is teamwork among them, as well as investing in empowering them.
Louis Chenevert is among the wealthiest and best leaders that ever existed in the industry. He studied Production Management. This means helping the firm produce the most out of its resources, and at the same time minimize on their costs. This is exactly what Louis wanted to do with his life. He wanted to help improve companies.
In the works for a while – interesting read: https://t.co/ZIU8n9b9Qa
— Louis Chenevert (@louis_chenevert) June 11, 2018
After school, he was employed in General Motors. It is in this firm that Chenevert’s foundation was built. He stayed in the company for 14 years. He worked in almost all divisions in the firm before leaving the organization. This gave him experience on how all the units of the company should operate.
After 14 years in General Motors, he shifted to Pratt & Whitney. The company was different; it was specializing in the manufacturing of the engines. It is worthwhile to note that the firm was a subsidiary of the UTC. The division that Chenevert was assigned tremendously improved, which lead to his promotion to the President of the firm.
UTC could not help but see the changes that Chenevert was bringing about in the firm. They nominated him as their CEO. This is possibly the best decision that they ever made for the firm. This was the beginning of success and prominence of the firm.
Chenevert made meaningful deals for the company like buying the Goodrich Company. The deal took long, there were many negotiations, but at the long-run, they were able to purchase the firm at $16 billion. He also bought the GTF engine at $10 billion from the Pratt & Whitney. The purchases helped the firm gain so much leverage that they became the most profitable firm in the state. The shares of the firm improved by approximately 200%.
Louis Chenevert worked his way up in the corporate world. He acquired all the positions he had from his efforts and hard work. It was through the determination to make a difference.