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.
After ransomware attacked my personal computer, I realized I had not been responsible for my cyber security. The threat of hacks grows larger every year and this is a huge problem. It is important to understand the severity of the situation because the cost of cyber security attacks is quickly surpassing the funds it takes in order to deal with it. After the WannaCry attacks when hundreds of thousands of computers were infected with ransomware, more attention has been focused on this issue. Over 50 percent of the people in the Global State of Information Security Survey feel that the movement toward the digital world is resulting in security threats to their information and finances.
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Cybersecurity is becoming more popular and even more necessary in the world today. The recent attacks, such as the WannaCry attacks, inscribed ransomware on approximately 300,000 computers across the digital world. It has affected many businesses in over 150 countries that would later be called the “largest such cyber assault of its kind.” It’s important for businesses and organizations to take the threats seriously and opt for security against their devices.
There are several reasons why cybersecurity is so important. One reason is because of the numerous increase of attacks that have been reported between 2013 – 2015. The cost of cyber threats have also increased and is estimated to be at an all time high by 2021. Not only are the attacks increasing, but the severity of attacks are increasing. The attacks involve more destruction and are responsible for attacking more businesses throughout the world. It’s also important to realize that certain measures must be taken which increases security budgets for many (https://www.youtube.com/embed/UJlhVUE6Zh8). Many realize the commitment needed to adhere to advanced security so they are protected against potential threats.
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