Louis Chenevert helped United Technologies Corporation (UTC reach new heights. He initiated different projects which made the technology company beat the competition. Due to enhanced research, they were able to come up with new technologies which led to introduction of new materials which impacted positively on the materials used in the manufacture of jet engines. Under his chairmanship at United Technologies Corporation (UTC, he managed to enter into agreement with big corporations such as the good rich deal which he carefully negotiated for over a year. The chairman has excelled in several fields. For example, he was able to run general motors before he assumed his new role at UTC. There are several ways in which he influenced the growth of the company. Some of the ways in which he was able to inspire growth in UTC include the following:
Louis Chenevert spent more than a year negotiating with Goodrich before he signed a deal of $18.4
billion. Considering the financial challenges at the time of the deal signing, it was a great initiative which he was able to achieve for his company. He is a personality who knows what it takes to drive a company with a magnitude such as UTC to a new level. The careful striking of deals and making of wise decisions made it possible for him to achieve great success in his running of the company. Read more about Louis Chenevert at Affiliate Dork.
Development of Advanced Materials
As a way of improving the jet engine design, he initiated the development of improved materials which can burn hotter hence improve engine performance. The advanced materials made it possible to make a jet engine which is more powerful and economical. The design which has been adopted by airbus among other military planes allows jet engines to burn hotter and delivers more power. Other benefits associated with the jet engine include better fuel economy, reduced flue gas emissions and less noise pollution. It is an initiative which took more than 20 years to research and come up with a better engine performance.
Investing in the Latest Technology and Employee Education
Louis Chenevert at United Technologies Corporation (UTC knows it is better to develop skilled manpower and invest in the latest technology. He initiated the training of several staff from his organization. Under his leadership, he has enabled thousands of employees from his company to access scholarships and study in different American universities. The scholarships lead to highly skilled employees in his organization who delivers quality work in their line of duties. The research at the company enables them to come up with new innovations which put them at the top of the market.
Expansion at UTC
Under the leadership of Louis Chenevert, the company has been able to expand to different fields. For example, they have managed to dominate the heating and cooling industry where they manufacture top quality products. UTC builds helicopters more than any other company in the American market. Other areas where they are involved include sensors, actuators, brakes, landing gears and flight controls. All the products made at the company are top quality which attracts costumers. Read more about Louis Chenevert at wingsjournal.com.