CEOs of all companies should always strive to work hard towards improving the businesses and ensure that they leave the organizations in a better situation than they found them. Innovation and implementation of ideas have always been the development strategy of United Technologies Corporation, whose CEOs work towards bringing more changes to boost the development of the company. Besides, the business administrators must emphasize the short term issues as much as they put their concerns on the long-term issues. United Technologies Corporation highly invests in technology and targets to offer the most efficient services to their clients.
The geared turbofan engine is one of the most amendable investments of the company and has taken many years to be implemented. The jet engine targets to reduce fuel consumption in the planes and increase its performance. The engine is already being used by over seventy aircraft and is a clear proof of the companies’ innovative strategies. The company plans to continue with its innovations and intends to serve a larger number of clients in the coming years.
Louis Chenevert is one of the contributors to the current success of the United Technologies Corporation, as he served as the CEO of the firm. Chenevert went to the University of Montreal, where he received a bachelor’s degree in commerce, with a major in production management. Before taking his role at united technologies corporation, Chenevert served as the president of Pratt and Whitney Canada.
Additionally, Chenevert has highly contributed to the success of the UTC company through the various innovation strategies that he has helped it drive and bring to life. His expertise has enabled the company stays on the front line as the leading innovative and aerospace company.
Despite the great success of the enterprise, Chenevert took responsibility to ensure that all employees get safe treatment and security while carrying out their activities. His collaboration with the employees helped to make sure that they produce the most advanced jet engines, which has now made the company the world’s largest technology firm. United Technologies Corporation has also made high profits besides partnering with other enterprises to keep improvising their productions.