CEO of United Technologies Corporation Louis Chenevert invests in Technologies by investing in people. Research and development in and of itself is the result of investment in engineering design concepts and the actual results of the production and manufacturing improvements. However, Louis Chenevert had the keen foresight to understand the relationship between continuous improvement of people for innovative ideas, creativity, and education can coincide with the research, advancement, and development of the company’s products procedures and processes. By enacting a culture at United Technologies Corporation of continuous learning, Louis Chenevert set the path for his employees to continuously grow and be innovative. That, in turn, generated streamlined approaches for doing business.
A culture of improvement and constant learning from talented employees and staff allowed UTC to continue to lead the aerospace industry in innovation and new creative ways of doing business. The continuous culture of learning helped lay the foundation in the company for future generations to be built upon and provide innovative platforms for future growth of the organization. Future generations will build on the strong foundation established by Louis Chenevert to encourage investments in new technologies into the future. Louis Chenevert initiated Investments in the staff by providing scholarships to tens of thousands of employees to continue their education. As a result, the investments in the staff education created the intellectual muscle to create new technologies, new policies and procedures, and processes that revolutionized the aviation industry.
By investing billions in research and development at UTC and throughout the supply chain of the organization Louis Chenevert is craving a legacy for the future of his current client base and customers. In turn, United Technologies Corporation has a strong foundation for future success and profitable growth. Louis Chenevert has created an opportunity for the company to lead the industry and expand innovation, profit share and market share. Louis Chenevert decision to invest in technologies by investing in the people at United Technologies Corporation created opportunities for success and an enduring legacy of innovative advancement.