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The Chronicles of the Former CEO of UTC: Louis Chenevert

The primary goal of every investor is to see that their businesses prosper and become among the top listed in the nation and later globally. Achieving such a goal is, however, not a night process. One has to prepare and have a great strategic plan and consider other personality attributes as well.

Many investors begin their journey with a lot of enthusiasm and positivity. However, the moment challenges kick in; they lose their energy. Success can only be achieved if the initial energy is maintained. Instead of giving up, an astute investor finds a way to take advantage and benefit from the problem.

When Louis Chenevert joined UTC as the CEO, the state was experiencing a tough economic time. He, however, managed to increase the shares of the firm and earn the freedom of UTC. This was through the purchase of the GTF engine and Goodrich Company. Despite the investments being costly, they have significantly contributed to the rising of UTC.

Louis Chenevert believed that by helping UTC invest in future technology, he was securing the economy of the United States of America. This is true because the firm is anticipated to hire more than 25000 more employees. There will also be 5000 new economic sectors.

Patience in success is also mandatory. Many investors want to acquire wealth in a fortnight. Such greediness only leads to adverse effects. Success is a process. Louis Chenevert’s success was only celebrated after his reign in UTC. However, he had been working hard since he joined University to study Production Management.

He also worked for 14 years in General Motors. He began as an average employee but later got a chance to serve as the Production General Motors, meaning he oversaw the production of the firm on a large scale basis.

This was not the end of his struggle. After General Motors, he joined Pratt & Whitney. The firm specialized in engine manufacturing. The sector he was working improved due to his commitment and dedication to his work. The firm appreciated this by promoting him to the President of the firm. It is worthwhile to note this was after six years in the firm.

It’s, therefore, essential to be patient and give your best in your work. It is all about trusting the process.

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