Born and raised in Canada, Louis Chenevert is one of the prolific entrepreneurs in the country. He has been one of the most proactive business persons with an experience of many years. Contribution to his knowledge in the entrepreneurial world, he studied Business Administration Degree in the University of Montreal- a university known for majoring purely on business. He later garnered two Doctorates in the same university in 2011 and another in 2014 at Concordia University.
Louis Chenevert has worked for numerous prestigious companies throughout his life that has made him gain the wealthy experience he has now. He worked as a production manager in General Motors for over ten years. Later in 1993 he joined Pratt & Whitney where he worked in two distinguished positions- he was the vice-president for quite some time and later was appointed as the company’s president. After his term in the company he moved to United Technologies Corporation where he worked for quite some time. In the company, he was the president, chaired the Board of Directors and was later promoted to be the Chief Executive officer.
While working in United Technologies Corporation, Louis Chenevert was a board member at Cargill Inc. He worked in the company till 2014 where he was later to be an Advisor at Goldman Sachs in the Banking department. His enthusiasm to work has made him well known as an expert in the finance and banking sector. In the company, he will be the one in charge of overseeing the various open opportunities as well as offering advisory services.
Currently, Louis Chenevert sits on the helm at Yale Cancer Advisory Board and also chairs the board of directors besides Co-Founding United States Friends of HEC Montreal Foundation. By yielding success in several companies, he has garnered several awards in his life. In the National Building Museum, he was presented the Honor Award in 2009. Later in 2011, he was named as the Person of the Year by Aviation Week & Space Technology. Additionally, he bagged the Distinguished Service Award from United Service Organization in 2013.
Success in the corporate world takes long before it comes to pass. There are very many experts in the field, which makes it very competitive. Time is needed to learn and practice skills. One way to learn is by studying the business habits of the pioneers in the business field. Here are some tips we can learn from the great Louis Chenevert;
Nothing is obtained without any effort in the world. Louis Chenevert says that this is one trait that has contributed to the person he is today. In UTC as the CEO, he worked to boost his innovation and creativity to accomplish his goals. It is important to avoid other distractions that may come along the way that may deviate you from your goals.
Most companies don’t fail to accomplish their goals because their strategies are wrong. They fail because they choose the wrong team. You need a team with the right skills. When other firms were cutting on their production cost through layouts, Louis Chenevert retained his engineers by moving them to a location that their input was needed. He also felt moving the plant of the company to a country where services were cheap was a bad idea. Chenevert says that you have to know that all your plans will only come to reality if you have a solid team to make sure they are implemented.
The current CEO of the firm is following the footsteps of Louis Chenevert. He has retained the program that allows the employees of UTC to acquire the degrees of their choice.
Not everyone will be happy with your success. There is a group of people that will always be against the ideas that you project. Focusing on them only delays with your success or ruins it. It is, therefore, vital that you learn to ignore them and move forward with the people who are ready.
Louis Chenevert says that this is the single thing he could learn to deal with as soon as possible if he went back in time. He says that the internal politics of the company can be very destructive if not well handled.