The amazing feat is that he was able to achieve in a single year, while many CEOs rack up achievement over a lifetime with their company. His philosophy is that an investment in the right technology is essential, and that investing in the right people is what leads to success.
An example of UTC investing in its employees is through the company’s Scholar Program. The program covers the costs of employees who pursuer further education in their field. Over 40,000 employees have attained degrees since 1996, and the company can boast that its contribution to employee education is well over $1 billion. Thus, the benefits to the corporation are obvious. Educated people are able to contribute in more productive ways.
What has enabled Chenevert to stand out is his ability to pick projects with the highest potential of success. He also has an acute ability to inspire others on to success. While at UTC, this was his guiding principle of management. Under his reign, the company constantly acquired technology and equipment that was on the cutting-edge of technology. Combine this with talented people, and it is not difficult to understand why the company is still so innovative. Leadership still sees its role as that of a steward and an inspiration for its employees to reach their highest potential, even after he left.