When running a business, there are a few approaches that need to be considered. Among the common approaches people take when it comes to running their business is working with short term goals. Another common approach with business is working towards long term goals. Both of these approaches are necessary in order to maintain and achieve success. However, it is important for people to make sure that they do not choose one at the expense of the other. For one thing, they each have their disadvantages. Therefore, it is important to put them together so that the success of the company will be maximized.
Among the people who keep their eyes on short term and long term success is Louis Chenevert, former CEO of United Technologies Corporation. UTC is involved in the development of high technology products. Among the products the company puts together are aircraft engines, elevators, escalators, and HVAC. For one thing, they are involved in technology that is going to make life easier for people. During his time as CEO, Chenevert prioritized the technology that UTC developed, ensuring that it not only helped people in the short term, but also provided long term benefits for people.
Chenevert also believes that it is important to look to the next generation when finding new people to work for. After all, it is the younger generation that have the greatest ability to adapt to the coming changes in the market. This is one of the reasons that UTC and Louis Chenevert is always looking to new talent. He is often looking for talents that have the same type of mindset when it comes to the work and plans of his business, regardless of which business that is.