The Growth of UTC Company with Louis Chenevert

The Chief Executive Officer of the company must see that the firm is in good shape. As the CEO of a corporation, it is crucial to consider the long-term goals of a firm as well. The future of the company is determined by the current activities of the business. UTC is among the conglomerates that have been keen on investing in people and future technologies.

The former CEO of the corporation left a legacy for the achievements and the standards he set for the organization. During his term, the firm was ranked as the highest profit making company in the United States. This was after the acquisition of Pratt and Whitney, and the Goodrich at $16 billion. This made the company independent and more equipped.
Louis Chenevert believed in investing in future technology; this has helped the US economy in many substantial ways. The UTC firm is speculated to employ more than 25000 individuals and give 5000 positions that will allow more innovations. Following this, the future of manufactured ventures of the USA is secure.
Louis Chenevert and the current UTC understand that it is only possible for a business to be successful if there is cooperation among the employees. Louis Chenevert cared about his employees. He avoided possible layoffs due to difficult financial times by transferring them to Connecticut.
The current UTC still supports a system that sponsors the employees to get degrees of their choice. The employees have acquired a total of 39000 degrees, which is an investment of more than $1 billion. The system has helped in improving the quality of services they offer.
Louis Chenevert is an environmentalist. When he realized that the global warming level was rising, he reduced the emission of greenhouse gases and water consumption. As a result, the products of UTC became environmental friendly and hence acceptable to many nations. This improved the profit margin of the company.
Despite Louis Chenevert stepping down as the CEO of UTC, his legacy will always be narrated. Everything the company is; is because of the great decisions that he made and his calculated moves.

1 thought on “The Growth of UTC Company with Louis Chenevert”

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