Louis Chenevert’s Principles for a Successful Company

Louis Chenevert, the former Chief Executive officer and Chairman of United Technologies Corporation (UTC), and former President of Pratt & Whitney Canada, left a lasting legacy at UTC that will outlive him for several years to come as long as the company exists. UTC is the world’s leading producer of the most advanced jet engines for military and commercial users. The company also runs the world’s escalator and elevator firm; Otis, from Farmington Community. Louis has had significant success since he joined UTC’s Pratt & Whitney; an engine business in 1993.

Appointed as the Chief Executive Officer in the middle of the great economic depression, his term of office at UTC featured an increase in production when other companies were collapsing. This is a result of his investment in the cutting-edge technology while committing himself to the betterment of the company’s employees. UTC has been supporting its employees’ education since 1996 with over 40,000 employees all over the world attaining degrees. The admirable value of Louis’ leadership strategy as the Chief Executive Officer as is forward-thinking; an ability that enabled him select successful projects. Thus, he led to the realization of the company’s vision while inspiring his colleagues to aim at making the projects successful.

Louis’ interest has always been to see the company he leads become future-proof by allocating a significant part of its budget to acquiring innovative equipment. This is a testament to the leaders of the company and their commitment to their responsibility as good custodians of the company’s mission, vision, and resources. Of ultimate importance to the modern-day’s company success according to Louis is its ability to know what to invest in and what not to, depending on what is necessary at the time. The global business sector has become extremely competitive that any move that can give a company a competitive advantage is worth investing all the energy and resources. Louis believes that this is enhanced by innovative technology.