Tag: aerospace industry
- Written by: PetsPetsPets
- Category: Business, Business Leader, CEO, Company, Entrepreneur, Investments, investor
- Published: November 1, 2018
Louis Chenevert started out life in Quebec, Canada. After graduating from college he started working at General Motors where he was a production general manager. He spent 14 years with this firm before moving to another manufacturing firm, Pratt & Whitney. He was this company’s president from 1999 to 2006. He then joined its parent firm, United Technologies Corporation, where he would become the president, chief executive officer, and chairman of the board of directors.
United Technologies Corp. is a massive conglomerate that owns many companies such as the elevator company Otis, Pratt & Whitney, and UTC Aerospace Systems. It’s a giant firm with a lot of moving parts so Louis Chenevert had a lot to keep an eye on and manage while working for this company. He successfully grew this company for eight years before leaving in 2014. He is now an exclusive financial advisor at Goldman Sachs where he helps high net worth individuals manage their investments in the manufacturing industry.
One way that Louis Chenevert became an effective leader was by paying attention to office politics. He says that having negative people would be disruptive to delivering great results and could even lead to losing some fantastic leaders. He said that he learned to never tolerate any person that didn’t agree with the agenda at his companies. People that are negative and drain other’s energy really slow down making progress, especially at a large firm like UTC.
He said that one thing leaders need to be aware of is that problems have a bad habit of not aging well. Louis Chenevert says he learned to take issues upfront and that you should have an allowance for other people winning an argument as people love to be around winners. He says that people bringing a business down need to be handled with the idea that no one solution works for all of them.
Losing a customer or messing up on an important task can be just a mistake, not someone intentionally trying to sabotage the company. If someone is constantly messing up or spreading a negative attitude in their department, though, it might be time to cut ties even though that’s not always easy.