Louis Chenevert brought tremendous change during his tenure in United Technologies Corporation
Louis Chenevert is a renowned Canadian businessman and has held various prominent positions in his career lifetime. He worked at the United Technologies Corporation where he served as the president and the CEO. He was appointed as the CEO from 2008 and served all through till his retirement in 2014. Before he joined United Technologies Corporation, Louis Chenevert served as the president of Pratt & Whitney.
The graduate from the Université de Montréal, École des Hautes études commerciales with Bachelors of Commerce, was awarded Honorary Doctorate in 2011 from the University of Montreal.
During an interview, Louis Chenevert says that the ideas in United Technologies were brought forward by significant executives who understood the needs of the clients and were passionate to deliver. The concepts of acquisition resulted in profound change and enhanced the company’s portfolio.
During his tenure in the company, he executed various ideas that changed the face of the organization entirely. Some of his ideas included the F135 engine sole source position which brought significant change in the military. Louis also came up with the GFT engine idea which was a major success due to its noise reduction, low fuel consumption and fewer parts. Louis Chenevert also oversaw the acquisition of Goodrich Aerospace which brought significant change to the company, and it was the largest acquisition ever.
Louis Chenevert says that while serving United Technologies Corporation, he mainly focused on operational skills and talents. He believed that engineering was the part that enhanced in bringing ideas to life. As a result, they produced products that met their customer satisfaction and collected revenue and profits. Being focused and having a clear vision as a leader with the crucial working tools and adequate funds results to a significant impact in an organization.
Louis Chenevert says to be a productive and a successful entrepreneur; he applied various tactics which include skills, passion, focus and being optimistic. He further states that empowering the key executives in their operations enables the team to deliver quality services. Louis emphasizes on getting the right team to work with. He says it is essential to appreciate the work of the team and inspire them and always reward risk taking.
Legends: Fortress Investment Group
Everyone loves an Origin Story
Fortress Investment Group kicked off its campaign; in the year of 1998. Fortress Investment Group was the first of their kind, as they embarked on the quest to become the very first Investment Firm that deals with multiple opportunities for investment. So you don’t find yourself stuck with a limited amount of options; true pioneers in their world. Despite this huge risk of treading new waters; they led an impressive 10 year run of Non-Stop Improvement, and are still going strong today. Although they have been bought out by SoftBank for 3.3 billion USD: the SoftBank Group Corporation is a Japanese Multinational. Although this corporation bought Fortress, Fortress continues to operate as an independent entity and currently has headquarters in New York. Not only were they unique, but they were also the first alternative manager to go public. Fortress Investment Group continues in front of the alternative investment field. They managed to consistently stay in front year after year; after many other firms decided to follow the same footsteps.
Currently, Fortress Investment Group is divided into three principal categories: credit, private equity, and the Permanent Capital Vehicles Division. With it’s Credit Division beginning in 2002, they are involved with numerous different funds. Investing is a universal language, which is why their business model was successful on a tremendous scale. The Private-Equity division focuses on cash flow generation from control-oriented investments in the Caribbean, North America, and Western Europe. The capital Vehicles Division is mainly made up of five publicly traded Permanent Capital Vehicles: New Residential Investment Corp., Fortress Transportation and Infrastructure Investors LLC, New Senior Investment Group, New Media Investment Group, and EuroCastle Investment Limited.
The story of FIG is inspiring, captivating, and educational. After learning more about the group; they have changed my perspective on investment drastically. I will start to make different decisions strategically when it comes to my finances, thus prospectively changing my point of view. Perspective is something that should be kept consistent, as our perspective changes daily. Over the years they evolved, also showing me the concept of breaking down one big goal into multiple small goals. With constant improvement and innovations; which (in my opinion) are representing their small breakdowns from the ultimate goal. Learning different strategies from people that have made massive success can be shown to help you. Taking these concepts further with additional investigation and research, we can achieve similar results to Fortress Investment Group bringing us abundance and wealth. Which will, of course, feel amazing.
To Learn More Click Here