It is always advisable to invest in the latest advanced technology and employee education for future success in business. This has been a strong belief to Louis Chenevert and Gregory Hayes. In a recent post by Gregory Hayes, the current CEO of UTC, he described the active CEOs as those that are aware that they are company’s agents in that they must leave the company better than they found it. The best and easiest way to achieve this is by establishing a strong commitment and dedication to continue with the investment in people and innovations.
The CEOs are supposed to consistently think of the long-term future of the company even though performance in short-term is very crucial. The future lies in investments. The CEOs will be in an excellent position to set the up the company for future success if they invest in new technology and employee education. This kind of investment will help to develop the economy of the company. It will also assist in creating more jobs and give people an opportunity to manage their time efficiently and effectively. The other thing is that a more educated workforce is likely to generate new ideas and thus stands at a better position to repay the money put into their studies.
Oracle’s profit, cloud growth forecasts drag down shares https://t.co/FfhnGGr2y8
— Louis Chenevert (@louis_chenevert) September 14, 2017
Having said this, let’s take a look at Pratt & Whitney. The Pratt & Whitney Geared Turbofan engine stands to be the best example of the commitment. The GTF engine was an investment of 10 billion USD that took over 20 years to establish an industry meant to make a change on the jet engine. The new GTF was put into service some few years ago. It’s currently used by 14 airliners on 72 aircraft. This engine reduces fuel burn by approximately 16 % and produces 50 % fewer emissions and cuts noise footprint by around 75%.
At UTC, the idea of establishing a better and friendlier design was brought by Louis Chenevert. Louis Chenevert clearly understood this and turned it into a selling point for the products that the company was producing. This product helped to reduce the environmental footprint, emission of greenhouse gases by 26 % and the plants and factories helped to cut their water consumption by 53%. These o\ideas were born under the leadership of Louis Chenevert managed to establish the same global standard for all its facilities. Thanks to Louis Chenevert.