Louis Chenevert is an icon in the investment world; he has been involved in more than 50 ventures which have turned out to be a success. After acquiring his Production Management degree in HEC Montreal, he secured a job at the General Motors. Here, the change he brought in the company was noticed, and he was given the duty of a production manager and later promoted to the Production General Manager.
In 1993, Louis got a chance to divert and work with an engine manufacturing company; Pratt & Whitney. The firm was then a branch of the United Technologies Corporation (UTC). Within six years, the unit that he was working in improved significantly and he was promoted to the President of the Company. The UTC saw the difference he was making in the firm and appointed him as the CEO of UTC.
This decision must have been among the best decisions that UTC ever made. Although Louis was hired during the financial crisis when all firms were complaining and doing everything possible to cut down on the costs, Louis managed to improve the sales of the company. The value of the company’s share rose by almost 200% thanks to the intelligence of Chenevert.
Louis says that the best way to achieve success is to see that you chose the right team to work with, in your company. It is vital that you invest in empowering your team because you cannot meet the goals alone. All great plans can only come to life with the support of a solid team.
In hindsight, it is always easy to see so many things that one thinks they could have done differently to achieve better results. For Louis Chenevert, he says if he went back in time, he could see that he does not give room for internal politics of the firm. He says that they are some individuals who are always against the agenda that propels the firm. He says that it is only wise to ignore the energy drainers and move with on with the dedicated individuals. Everyone loves a hero and, therefore, when the project turns out a success, they all speak in your language.