Technology is dramatically changing a lot of industries today. Companies that are not focused on technology are going to lose market share to companies that are investing in this area. Louis Chenevert is the former CEO of United Technologies. During his tenure, the company made massive investments into technology in the business. Those investments are paying off today.
From the time that United Technologies started as a business, it has been a company that is focused on new technology. In the past few years, the rate of technological growth has exploded. Some companies are unable to keep up with all of the demand in this sector.
United Technologies has a growth plan for the future. With all of the investments that the company needs to make, it must manage the business capital efficiently. A lot of companies get into financial trouble because they try to spend too much on new technology. Companies must make sure that any investment is going to improve profits in the coming years.
Louis Chenevert is the former CEO of United Technologies who did a lot to grow the business. There are a lot of people who look up his tenure while he was at the company. With all of the changes that are starting to take place in the industry, companies need to have leaders like Louis Chenevert.
Another great thing that Louis Chenevert did was to invest in his workers. He was a strong believer in the power of culture in developing a business. He paid employees well, and this caused a lot of employees to come work for United Technologies from other companies.
In the coming years, United Technologies must continue to make investments to drive growth in the business. It will be interesting to see where United Technologies invests next.