The Progress of UTC with Louis Chenevert

The one thing that every new investor wants to know is how to be successful in their business. Many people set up businesses but with time, the hopes that they had fade away. This is because although it is not impossible; it is not easy. It takes courage, and the willingness to learn to make it. You also need passion to help you stick around when things get tough.

Louis Chenevert has been able to attain these standards to become one of the most discussed CEO of UTC. The current CEO of UTC uses some of the mechanisms that were used by Louis Chenevert to help maintain the class that he set for the company.

 

Louis Chenevert helped the firm gain leverage of the company in the industry through his great acquisitions. The Goodrich acquisition that Louis Chenevert made took him a very long time. Louis Chenevert had a lot of meetings and negotiations, but in the long-run, he was able to acquire the firm at $18.2 billion. This was the most expensive aerospace deal that had ever made in the USA.

The other acquisition that Louis Chenevert made was that of Pratt & Whitney. To understand how Louis Chenevert decided to buy the GTF engine, we would have to go back to what he used to do before he joined UTC.

 

Louis Chenevert began working at General Motors immediately after school. Here, he had multiple promotions. He was serving as the Production General Manager before leaving the company for Pratt & Whitney in 1993. Pratt & Whitney deals with engine manufacturing. Chenevert realized that the GTF engine had a lot of power and potential to become something great.

In Pratt & Whitney, Chenevert earned himself the President position within six years. The firm was a branch of the United Technologies Corporation (UTC). It was during his position at Pratt & Whitney that the board of directors of UTC nominated him as their CEO. Immediately he assumed the seat; he led UTC to buy the GTF engine. It took UTC two decades to design and $10 billion to purchase the engine, but it led to UTC being named as the most profitable company in the United States.

 

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Following Vijay Eswaran’s Example And Realizing True Potential

One of the many objectives in life that people have is to realize their true potential. This could be done in any aspect of their lives including personal, relationships, business and plenty of other aspects. One of the areas where people often fail to realize their full potential is in their professional and business lives. This is often because of working jobs that they don’t like. To make things even worse, their earnings are limited because of them being stuck in their undesired position. Many people believe that this is all they can achieve in their lives as they move on with their unfulfilled dreams.

Fortunately, all that is needed in most cases are examples and encouragement. When people find the right types of examples, they not only find inspiration, but also find a way to learn all of the lessons necessary to achieve their goals. Among the lessons they can take from the examples that they learn from are the will to study and the type of work that actually goes into success. One thing that people will learn is that work can pay off in more ways than they expect. They just have to figure out for themselves what type of payoff they are looking for.

One of the examples that are worth looking at is Vijay Eswaran. Vijay himself has worked with the belief that the only way one is going to be able to support himself is if he is working a regular job in an office. This limiting belief is something that he has learned to overcome. This has brought a lot of freedom for him. He has achieved the type of goals that he had for himself and has grown a lot. This has given him the ability to teach lessons to others as they try to pursue their own goals.