Louis Chenevert’s Advice on Maintaining a Successful Company

Background:

Louis R. Chenever is the current CEO of United Technologies Coroporation. He has been in this position since 2006. Before that he was the President of Pratt & Whitney from 1999 to 2006. He is also a member of the Executive Committees of the Business Roundtable. In addition to this in 2005 he was inducted as Fellow of the American Institute of Aeronautics and Astronautics.

He formerly studied at the University of Montreal in Canada and obtained a bachelor of commerce degree in production management.

Chenever’s Advice on Sustaining a successful Business:

Chenever strongly believes that investing in your employees is the key ingredient to a successful business. He feels that companies often times overlook the potential growth factor of their current employees. Sometimes companies would bring in a new employee to fill a higher position rather than training their current employee to fill that position. He feels that this is a big mistake that can reduce work morale. He stated that one, as a manager you already know your current employees strengths and weaknesses. Two, you show that you appreciate your current employees’ hard work and dedication towards the company when you offer them a higher position and salary. Three, it also reduces turn over which in turn can cost the company money. People resign from companies many times when feel that their hard work and dedication went unnoticed. In addition to this, it increases company moral when other employees see that their fellow colleague is getting promoted. This will encourage your other employees to work harder towards the possibility of also getting promoted.

He also advises senior managers to create an atmosphere of trust between employees. Don’t give into politics putting employees against each other by having them spy on each other. Instead a senior manager should make the atmosphere a comfortable place that an employee enjoys coming to. After all most people spend more time at the office than they do at home.

Also investing in their educational future helps, especially if the degree will relate to what they’re doing for the company. Most employees will feel even more loyal to their employer if the employer invests in their future.

Overall, Chenever believes that a transparent, safe work environment that believes in investing its employees are the key ingredients to a successful company.

https://www.dailyforexreport.com/louis-chenevert-leadership-investment-innovation/

Igor Cornelsen Offers Three Great Pieces of Advice for those Interested in Brazilian Investments

Investors are once again Interested…

Igor Cornelsen is no stranger when it comes to the economy of Brazil; he helped build it. Things went down hill for a little while. Political issues and uncertainly caused many investors to fear Brazil. The developing economy has started to bounce right back from that drop it had taken, however. It is for this reason that many investors are intersted in Brazilian options once again.

Now…on to the Tips…

Tip number one from Igor Cornelsen? Get very familiar with all of the locals that you can! He claims that Brazilian culture is social to a point where becoming familiar with locals will result in them talking (aka sharing a great deal of information,) with anybody that is curious. From that point on, it’s a matter of forming memories and taking notes. Soak up all the information that you can.

Be Prepared for anything!

Igor’s second tip involves expecting what one would typically consider unexpected. Being prepared for any possible outcome is good advice in general, for any walk of life. When it comes to economic matters within Brazil, however, it is advice that should be taken quite seriously!

Learn those Pesky Foreign Exchange Rates!

This is the final piece of advice that Igor Cornelsen claims will put you on track to a Florida retirement similar to his. Knowing the ins and outs of business exchanges is simply not useful if one isn’t familiar with the exchange rates! Somebody investing in Brazil should know them to a point where they can perform rude estimates of the conversion calculations in their head as they examine financial statements. Mr. Cornelsen doesn’t say this, but come on, if you want to retire in Florida like he did, would you prepare in a fashion that requires any less?