Louis Chenevert will never be your usual manager or CEO. He always chose to take a different approach from the norm. Having a differing perspective is what has made Louis come this far. He is one of a kind when it comes to business and management. Louis has worked in General Motors, Pratt &Whitney and UTC. He began at General Motors where he gained most of his experience. Louis started small but rose to higher positions until he moved to Pratt & Whitney.
Out of all the organizations Louis Chenevert worked for, UTC was where he left the greatest legacy. He was made chairman and later became CEO. During this time, the economy experienced a crisis. This eventuality affected companies and they began to cut their operating costs in all possible ways. Louis did not look at this issue in that perspective. He decided to make quite unconventional decisions.
Production was moved from Canada to America. This was certainly not a measure to cut costs. People doubted what he was doing and wondered what the outcome would be. During an economic crisis, a company that wants to remain in business must think of a strategy. Louis’ strategies were to pool talent in America and increase the quality of production. By doing so, the company will remain in business because they are offering value to consumers.
This approach worked well for Louis and even increased the value of shares in the company. From this eventuality, companies learned a lesson from UTC. They should not just focus on cutting costs during an economic crisis. Value is also an important determinant of surviving the harsh economic climate. Louis later surprised people by retiring early from UTC. He then became an advisor at Goldman Sachs.
Despite his sudden disappearance from the management domain, Louis is an image for business people to seek. His extraordinary management skills and thinking beyond the obvious is amazing. Many business people make mistakes because of misconceptions and trying to reduce costs too much. Louis has shown them that it is not always the right way to success.