An organization’s success is derived from the efforts of its very own Chief Executive Officer. A CEO’s ability to deliver profitable results can vary depending on their short-term and long-term goals. The most lucrative businesses put a great deal of focus on both short and long-term projects in order to keep their brand prospering.
Louis Chenevert has made himself the perfect example as a consistent and efficient CEO. Dating back to 1999, Louis Chenevert knew that his innovative GTF engine was going to take him and his company great lengths. Once Chenevert took over the position of CEO at United Technologies Corporation in 2006, his product was unveiled. The perfection of this state of the art engine did not come for free of course. Louis Chenevert and his company invested ten billion dollars and twenty-years in the project before changing the future of air travel. With this in mind, it’s quite easy to tell that Louis Chenevert understands a business’ success is not only found in its short-term sales. Instead, success is calculated through short-term sales in addition to that business’ long-term investments as well.
It may be easy to think Louis’ only motivator was money during the development of this new GTF engine. Louis Chenevert had a much larger vision in mind when he decided to make UTC a global force with his innovation. Louis envisioned a future which included thousands of jobs created for next-generation talents thanks to the new product. Louis was spot on with his prediction for the future of UTC. The company is expected to create more than 25,000 new jobs for employees that will help grow the innovative future. There is much more to business than simply making profits, and Louis understands the benefit of society’s future is more valuable than the dollar bill.