Louis Chenevert: How to Motivate employees

As a business owner and entrepreneur, one of the best ways of managing your business is by investing in your employees. Current employees are likely to help you record better results than newcomers. It will take time for a new employee to adapt to the new working environment, a factor that may hinder your business’ performance. One needs to make the workplace an enjoyable place where employees are can love spending their time. As an entrepreneur, you should avoid making your employees clock-watchers, who will take the slightest opportunity to be out of the workplace. Also, avoid office politics that normally pit workers against each other. As a business owner, you should spruce up your workplace and make it enjoyable.

Another factor that may contribute to good performance in the workplace is rewards to workers. Rewarding employees is a means of motivating them to work hard and achieve better results. Rewards make employees feel that they are recognized for the role they play in the company. Any form of reward, be it a gift or an off-day is a way of appreciating them. Workers will, in turn, reward your business through hard work.

A brilliant entrepreneur will not shy from spending some extra money on the employees. Another way of helping your employees is by initiating Employee Scholar Program. Such programs mainly involve helping employees with their education. By contributing to their education, they are likely to serve in your organization for a long time. The knowledge they acquire in the process of learning may also be of great importance to your company.

About Louis Chenevert

Louis Chenevert is the former chairman and CEO of United Technologies Corporation. If there is someone who knows how to run a business, then it has to be Louis Chenevert. During his time as CEO, he invested profoundly in the education of employees at UTC. The company spent billions helping its employees to farther their studies.

Louis Chenevert used the Employee Scholar Program in the company to assist his employees to earn a degree in a field of their choice. Through this program, UTC would cover the whole educational expenses for its employees.

https://www.bloomberg.com/news/articles/2015-09-08/goldman-sachs-hires-former-united-technologies-ceo-chenevert

The Chronicles of the Former CEO of UTC: Louis Chenevert

The primary goal of every investor is to see that their businesses prosper and become among the top listed in the nation and later globally. Achieving such a goal is, however, not a night process. One has to prepare and have a great strategic plan and consider other personality attributes as well.

Many investors begin their journey with a lot of enthusiasm and positivity. However, the moment challenges kick in; they lose their energy. Success can only be achieved if the initial energy is maintained. Instead of giving up, an astute investor finds a way to take advantage and benefit from the problem.

When Louis Chenevert joined UTC as the CEO, the state was experiencing a tough economic time. He, however, managed to increase the shares of the firm and earn the freedom of UTC. This was through the purchase of the GTF engine and Goodrich Company. Despite the investments being costly, they have significantly contributed to the rising of UTC.

Louis Chenevert believed that by helping UTC invest in future technology, he was securing the economy of the United States of America. This is true because the firm is anticipated to hire more than 25000 more employees. There will also be 5000 new economic sectors.

Patience in success is also mandatory. Many investors want to acquire wealth in a fortnight. Such greediness only leads to adverse effects. Success is a process. Louis Chenevert’s success was only celebrated after his reign in UTC. However, he had been working hard since he joined University to study Production Management.

He also worked for 14 years in General Motors. He began as an average employee but later got a chance to serve as the Production General Motors, meaning he oversaw the production of the firm on a large scale basis.

This was not the end of his struggle. After General Motors, he joined Pratt & Whitney. The firm specialized in engine manufacturing. The sector he was working improved due to his commitment and dedication to his work. The firm appreciated this by promoting him to the President of the firm. It is worthwhile to note this was after six years in the firm.

It’s, therefore, essential to be patient and give your best in your work. It is all about trusting the process.

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