According to philosopher Nassim Taleb, there’s much luck involved in any business. People overestimate their skills too much and are arrogant to think enough to diminish the power of chance or luck in the calculation of their success. When they fail to address the potential of luck, they most likely suffer the consequence because of the hidden and silent risks. This is something that fortunately is already familiar with Louis Chenevert. He seems to agree with the fact that while skills matter, there’s still a lot of credit given to Fortune and Chance. His work and legacy for United Technologies Corporation (UTC) is one good example of such statement.
The Legacy for UTC as CEO
When Mr. Chenevert was still the CEO of UTC, there was a lot of things that had to be changed and to be improved. Without his involvement, it might not have been easy for the company to adapt to the latest changes and challenges in the modern market. It might not be easy for the company to adjust to how the competition is trying to put businesses like UTC down. With the mentality that UTC had through Mr. Chenevert, some solutions had been proposed without the risk of being bankrupt. With Mr. Chenevert, UTC was able to grow better than when he found it. It was better for UTC to access the new ideas already because of the work of Mr. Chenevert. It was now easier for UTC to attain its long-term goals because of the modules, standards, and reinventions that Mr. Chenevert had reinstated in the structure of the business at the company.
What you should also probably not ignore is the fact that a CEO should always offer measurable results. Sure, the results can be gamed by offering short-term positive results at the risk of delaying the damages just so that the manager will get its bonus. The good thing is that Mr. Chenevert is aware of such dilemma and such ethical concern and during his term had shown work and measurable results that could not be cheated.
The good thing that also Chenevert gave for UTC is the growth of employees and jobs that his leadership generated. Businessmen are heroes because they offer jobs and they spread money for the many. When these business people succeed, more can share their prosperity.