Category Archives: Technology

Louis Chenevert encourages innovation through creating a competitive environment

Louis R. Chenevert was Chairman and CEO of the United Technologies Corporation. He was elected as CEO in 2008 and Chairman in January 2010. Before joining United Technologies Corporation (UTC), he was the President at Pratt & Whitney for almost 7 years. Louis R. Chenevert had also served as a Production General Manager at General Motors for 14 years before joining Pratt & Whitney.

Louis chairs the Tax and Fiscal Policy Committee for the Business Roundtable and the Yale Cancer Centre Advisory Board. In 2005, the American Institute of Aeronautics and Astronautics instated him as a Fellow.

Louis R. Chenevert has a production management bachelor of commerce degree from the Université de Montréal. With a background, he has earned himself a position, he chairs the HEC Montreal International Advisory Board.

During the time Louis worked at UTC, he believed in leaving the company better than he found it. His main focus was to invest in innovation and people. Using technology to better process supports the economy and manufacturing departments in the United States. For innovation purposes, UTC was planning on hiring 25 thousand people, 5000 among them would be focused on developing innovation platforms. Innovation grows businesses but also suppliers who, in turn, create a better and bigger client base.

UTC is a company that deals with building industries, commercial airspace and defense and is a renowned innovative company around the world. It has investments all over the world and fosters a strong competitive advantage. Louis pushed for a competitive environment in business as it guaranteed growth and an energetic economy through innovation during his time at UTC. Louis R. Chenevert believed that investing in people was investing in the growth of a business, through the innovation they came up with.

UTC encourages its employees to learn more life-long programs. This is encouraged so as to increase the urge and ability for people to be innovative within the company. UTC came up with an Employee Scholar Program which gives employees a chance to earn a degree in a field of their choice. UTC pays for these degrees. This is a great employee motivation program within the company, as employees are constantly looking into advancing themselves as they expand their innovative skills. UTC has paid for over 39 thousand degrees and they acknowledge, that the 1 billion dollars spent on the degrees, is the best investment they have ever made as a company.