Louis Chenevert Intermarriage United Technologies Corporation and Pratt & Whitney. These companies are currently responsible for the manufacturing growth in the United States. He was such a visionary leader to the extent that he did not recognize that these innovation investments were to be good for business, but they would also be good for the development of the supplier’s businesses as well. He would not have seen these tremendously good results this soon if he happened to focus on at advancing his company. He noted that the company suppliers play a crucial role in assisting the growth of the customer base in conjunction with the profit for everyone to make an achievement.
In the works for a while – interesting read: https://t.co/ZIU8n9b9Qa
— Louis Chenevert (@louis_chenevert) June 11, 2018
By taking a look at Pratt & Whitney today, there is approximately 80 Percent of the GTF’s manufactured parts. These parts are outsourced to several suppliers where many of them are based right in the United States. Due to this visionary union of the two companies, United Technologies Corporation has managed to spend an excess of 40 billion USD with the United States suppliers. He was aware that investing in technology would boom the company since it does not innovate but the people within the company do.
The moment at which Louis Chenevert took over the reign of the United Technologies Corporation, he was well convinced that there would be no achievement unless the company opted to invest in the individuals who serve in the company. Before Louis Chenevert era as the Chief Executive Officer of UTC, It was still encouraging its employee to pursue lifelong learning via the Employee Scholar Program. This program has been applied to assist these employees in attaining a degree in any field of their interest. The most significant part of UTC is that it pays all the academic charges. For the past 20 years, the employees of UTC have to manage to attain more than 39,000 degrees through the use of these scholarships programs. This stands to be a total expenditure of 1 billion USD that Louis Chenevert and the current Chief Executive Officer, Gregory Hayes are at an agreement that this was a well-utilized investment.