Louis Chenevert is a successful Canadian businessman. He is the former CEO of United Technologies Corporation. This is one of the biggest conglomerate businesses in the world. It is managing numerous businesses under it such as the Pratt & Whitney. Between 1999 and 2006, Louis Chenevert served as the president of Pratt & Whitney. It is one of the biggest firms in the aerospace industry. He left the company with a very good reputation for facilitating a technological revolution in the aerospace industry.
As the head of UTC, Louis Chenevert was in charge of all the businesses under UTC. Here, he performed equally well. He oversaw an increase in the company’s gains at the most challenging economic time in the 21st century. The world was dealing with the global economic recession of 2008. For Louis Chenevert to navigate the company at such a crucial time in history and still achieve profits was a great achievement. He served as the CEO between 2008 and 2014. He currently works as an adviser to Goldman Sachs.
Louis Chenevert gives very important advice to other business managers. If you are the head of a company, never let anyone go against the agenda of the company. Every employee must show commitment and hard work. If you tolerate negative energy in a company, it will slow progress in development. When it comes to dealing with problems in the company, face them as early as possible. Do not wait until the problems have caused enough destruction for you to cat. At the end what matters to you is the overall development of the business. As the head of the business, you are the one to be judged. So, if you want to create a good name, do not tolerate internal politics as they can mess up the operations of the business.
Louis Chenevert also points out another significant point business managers should be aware of. Every person wants to be associated with winners. So try as much as possible to achieve success; it is all that counts at the end and not the struggles you had to overcome. These are important lessons that come from a man who has been an entrepreneur for decades.