Tag Archives: Aerospace Industry

Canadian Businessman Louis Chenevert invests in human resource and technology

Canadian Businessman Louis Chenevert has a good track record of managing multi-billion businesses. He is the former CEO of the United Technologies Corporation. In his position as the CEO of this company, he achieved a lot. One of the biggest achievements he made was taking the company through the financial crisis of 2008 without making huge losses as it happened with many industries. As the CEO of UTC, he was in charge of many other businesses that run under the company’s umbrella, In fact, UTC is a conglomerate business which has many multi-billion companies under its name.

As the CEO of UTC, Louis Chenevert made sure that the company remained highly productive at all times. One of the things he did was to ensure that the technology and human resource were well deployed, he recognized that if these two failed, there was no way the company would remain competitive, technology in the aerospace industry matters a lot. If no innovations are being made in the industry, there is no way a business can remain competitive. Louis Chenevert ensured that the production departments in the company were using the latest technology. What was even more necessary was for the company to apply unique technologies which would help it to beat the competitors in their own game.

The other thing was the human resource. Louis Chenevert knew that no matter how good technology was, it would not take the role of the human being; some people are still supposed to oversee production and running of other business operation. Louis Chenevert ensured that all workers in the company were financed to pursue further education. He also supported the education of brilliant students in the United States. As a result of his plans, many workers were able to grow their skills while still working for the firm.

The growth of UTC in the last one decade has a huge contribution of this man. He worked very hard to see the company grow and he is happy that his legacy in the firm is still intact few years later. His approach to management of the business inspires many people including the current CEO.

https://www.crunchbase.com/person/louis-r-chenevert#/entity