Where you are today, does not matter, where you are headed, and the energy you are willing to put in to get to where you want to be is what matters. The sooner many entrepreneurs understand this, the better it will be for them. Louis Chenevert is a good example of this statement. He grew up as a normal child and developed entrepreneurship interests at a tender age.
Louis Chenevert knew that if he put in hard work and stayed committed to his career, he would achieve his goals. He began by acquiring a degree in Production Management in HEC Montreal. The Production unit in a company determines the profits of the company. The Production Management helps in ensuring that goods produced in a company are of high quality and costs are minimized. This was the right career for Louis because he wanted to help companies.
After completing his degree, he went in search of a job, and he landed in General Motors. Here he worked for more than a decade. He learned many factors affecting the production of a company during this time. Before he left the company, he served as the General Production Manager meaning he oversaw the production of the company on a large scale basis.
In 1993, he got a chance to work with Pratt & Whitney which is an engineering company. After six years of working in the firm, they promoted him to their President. During this time, the company was a subsidiary firm of United Technologies Corporation (UTC).
When the management saw the difference that he was bringing about in Pratt& Whitney, they gave them the CEO seat of UTC. This must be the best decision that they made. The state was facing a serious financial crisis by then, and many companies were closing down. At this point, all the companies were striving for is, to stay in the market.
Louis Chenevert did more than this to UTC. He doubled the value of the shares of the firm. He also made acquisitions that led to UTC gaining leverage in the market. This is why it is hard to discuss UTC and not mention Louis Chenevert.