Born in 1958 in Montreal, Quebec, Louis Chenevert is one of Canada leading businessmen and is among the most impressive businessmen around the world today. Louis Chenevert while a renowned name today got his start in the real world much like any of us. He earned a BBA degree in production management from HEC Montreal 1979 and began his career at General Motors. His 14-year tenure at General Motors led to him eventually being promoted to the post of general production manager before leaving to work for Pratt and Whitney Canada in the year 1993. After a tenure of 6 years at Pratt and Whitney Canada, Louis Chenevert managed to climb to the position of the president of the company by the year 1999. His most prominent achievement, however, occurred after he joined United Technologies in 2006 and became their CEO in 2008 and topped it by becoming chairman of the board of the company in January the year 2010.
Experience collected through an impressive career allows Louis Chenevert to be a good authority in the world of business and someone to pay attention to when he’s serving wisdom. In his recent advice for the businessmen and women of the world, Louis Chenevert told them that if you are looking to boost your business one of the most effective ways of doing that is by investing in your current employees instead getting someone from outside to come in for any important new position that you open up and spending lots of time training the newbie to the ins and outs of the company that your current employees would already be aware of. You would already be aware of the strengths and weaknesses of your current employees and hence will be able to determine what kind of work they will be able to handle and what kind they would not.
Most importantly the prospect of promotions will give all the other employees a new incentive to work harder and remain at the company longer. Other ways in which you can invest in your employees is by providing better working environments, rewarding the hard workers, providing financial support to your employees and making the team out of them rather than letting them work individually.