Louis Chenevert’s Inspiring Entrepreneurial Ideas

Louis R. Chenevert is United Technologies Corporation previous Chairman and Chief Executive Officer. He was appointed as the President and CEO in April 2008, and was made Chairman in April 2008 and January 2010 respectively. He held the President and CEO ranks till his retirement in November 2014. He likewise occupied the President and COO positions with the same company, and became United Technologies Director in March 2006.

Before he was employed at United Technologies he was the President of Pratt and Whitney from April 1999 until March 2006. He also served with General Motors for 14 years as the Production General Manager of General Motors’ operation in St. Therese.

Louis Chenevert finished his Commerce Degree in Production Management at the Universite de Montreal, Ecole de Hautes Etudes Commerciales (HEC); and received his Honorary Doctorate from the Montreal University in 2011 He is the Chairman of the Board of Directors for the Friends of HEC, and HEC Montreal’s International Advisory Board’s Chairman.

He disclosed that the idea for United Technologies came from the many ideas that were presented by key executives along with the core group within a small team that have an fervent comprehension of customer requirements and the motivation to provide innovative products within a production sequence of 30 years. The strategy mainly relies in the appropriate combination of generating acquisitions and administration of intense modification which will reinforce the company’s portfolio of assets.

Chenevert likewise said that he does not have any particular habit to become more productive as an entrepreneur since he considers his tendencies and liking to be different from each other. Although he states that he does not indulge in internal politics and use most of his time in endorsing a certain agenda along with being optimistic and passionate. He adds that he often makes the necessary follow-ups with an unwavering focus, and ensures that the main operational executives are equipped with all the things they ought to have to acquire and deliver the expected outcomes.

Louis Chenevert recommends that new entrepreneurs must have the right team from the start to easily hurdle any obstacles. And the individuals who composed the said team must be treated right, and given their just rewards in taking risks for the company.

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