What Led to the Success of UTC under the Leadership of Louis Chenevert

The only way to the top of the competitive economy seems to be entrepreneurship. However, many people venture into investments hoping for greater results only to end up with nothing. The current economy can be described as overpromising and under delivering. An idea that occurred to be very promising ends up crashing before it’s evaluated. The only way to outgrow these ugly happenings is by researching on what people who always seem to get it right do it.

One of the factors that have proved to make a difference in success is the leadership of the firm. It is the road that the management takes the company that determines what they achieve. The United Corporation Technologies (UTC) is an example of a firm that change of leadership made a noticeable difference.

UTC nominated Louis Chenevert as their CEO in 2006. He served as the company’s Chief Executive Officer until 2014. During this time, a lot changed in the firm; the company changed from an average firm to a premium conglomerate. UTC became the state’s most profitable company. Today, courtesy of the decisions that Louis made years ago, the firm is sowing to higher levels. The GTF engine that he led the company to purchase is used by more than 14 airlines.

Louis says that one factor that attributed to his success in UTC is keeping an open mind and being creative. He also says that he only accomplished the goals of the firm through the cooperative team of UTC. He advises employers to invest in their team for great results. By this, he means taking time to choose who to work with and training them to improve their performance.

The current CEO of the firm believes that by using some of the mechanisms that Louis used will help in maintaining the high standards of the conglomerate. For this reason, the company has maintained the culture of educating the employees. The employees are given a chance to pursue a degree of their choice for free. According to the management, the program has helped the firm become very productive.

Final Verdict

One of the factors that influence the success of the firm is leadership and the team of employees. Every firm should ensure that they have the right individuals in the high positions and a great team.

http://www.utc.com/News/News-Center/Pages/Louis-Chenevert-becomes-the-eighth-Chairman-of-United-Technologies.aspx

Stream Energy’s Business Model

The company uses the direct selling approach to deliver various products and services. The business does more than sell energy; it also provides mobile phone plans, virtual doctors, and telemedicine.

Its associates build networks of happy, loyal customers, and they get commissions for their contribution. These associates are not employees; they are business owners and entrepreneurs.

They identify areas where they and the company can help and give support. The company’s top leadership and employees also participate in grassroots giving.

Homelessness in Dallas

Homelessness is one of the causes about which Stream Energy cares about deeply. The business and its employees continually gather information on the level of homelessness in Dallas, which has increased by a staggering 24 percent. The company partners with Hope Supply Co. to address this problem.

During Hope’s annual splash, Stream Energy and its passionate associates paid for entrance and meals for more than 1,000 homeless kids in North Texas. Over the last four years, Stream has joined hands with the charity to provide school supplies, diapers, and clothing for homeless kids.

The charity’s annual event gathers homeless children to a local water park, allowing Stream’s leadership and workers to show them kindness and generosity.

Meeting the People

Stream worked with Operation Once in a Lifetime last December to provide moral and financial support to veterans and their loved ones from the Dallas area. The company paid for transportation to less fortunate veterans and their families and treated them to a special lunch at a top Texas restaurant.

On the following day, Stream Energy helped to facilitate the American Girl Experience for ten girls of military members. The company later paid for lunch for each of the girls at the American girl café.

Stream Energy, its associates, corporate leadership, and employees do not view giving as an event; it is a way of life. In a state not known for philanthropy, Stream prominently stands out.

https://www.instagram.com/mystreamsocial/

Susan McGalla: Business Expert Turned Consultant

Susan McGalla: Business Expert Turned Consultant

 

Susan McGalla is an American businesswoman, wife, and mother. She obtained a bachelor’s degree in business and marketing from the small private college in Ohio known as Mount Union. She was employed by Joseph Horne Co. for eight years working her way through up the ranks of managerial and merchandise buying titles before being hired in 1994 by American Eagle Outfitters. At American Eagle Susan McGalla worked up the chain through several managerial roles after being hired as a divisional manager and finally became the Chief Merchandising Officer (CMO) and President, first of the flagship brand and, eventually, of the entire company. It was during McGalla’s tenure that the aerie and 77kids brands were successfully launched.

After a near 15 year tenure with American Eagle Outfitters, Susan McGalla went into private consulting for retail and financial consulting firms. She remained in a consulting position for two years until being appointed CEO of Wet Seal, Inc. Following her time with Wet Seal, Susan McGalla returned to found a new business, P3 Executive Consulting, in the Pittsburg area where she remains currently. P3 Executive Consulting brings the experience of McGalla as the previous head of multiple businesses including a Fortune 500 company to businesses looking to hire a consulting firm to ensure the successful launch or continued success of their brand. The legendary Pittsburg Steelers also retain McGalla as their Vice President of Business Strategy and Creative Development.

McGalla currently is on the Board of Advisors for her alma mater, Mount Union College. Additionally she is sits on the boards of HFF, Inc. and the Magee-Women’s Hospital Research Institution and Foundation. Susan was the daughter of a local football coach and is an Ohio native and current resident of Pennsylvania where she lives with her husband, Stephan McGalla, a wealth manager.

Shervin Pishervar

Early life and experience of Shervin Pishevar

Shervin Pishevar was born in 1974, in Iran. He went for his high school studies in Montgomery Blair science and math magnet school. He researched on Magainin peptides as his science project. He majored in molecular biology and luckily received the presidential fellowship that helped him further his studies. He was a co-author of an article in the journal of the American medicine society. In Berkeley scientific, he served as the Editor-in-chief. From Berkeley School of public health, he graduated with a degree in health economics.

Shervin Pishevar career

Contrary to what he studied in the medical profession, Shervin Pishevar was passionate about becoming an entrepreneur. He founded WebOS at the age of 23. WebOS was the first company that created cross-browser for the internet. It led to the establishment of the web-based operational systems. Shervin Pishevar was a co-founder of Sege’s capital in 2001. It was a sprout of Vanderbilt University Technology Company. Additionally, he helped in managing 17 investments in small companies. In 2001, he was both the president and co-founder of lonside interactive. He was also the head of product and business sales and development.

Moreover, he is a co-founder of Hyper Office groupware suite and messaging, Social Gaming network in 2008 and was a spun out from the webs. In 2010, Shervar Pishervar became the chief application officer and was appointed in Mozilla Corporation as a GM. In 2011, he was the board advisor in Series B Uber Company. He worked as a close board of Fab, Warby Parker, and machine zone.

Awards and recognition of Shervin Pishevar

In 2016, He received a grant of Ellis IslandMedal of Honor. He was selected for an outstanding America by choice award which recognized natural American achievements.He was a keynote speaker at the summit of President Obama in the entrepreneur in Algeria.

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