The greatness of any business is determined by the commitment of the leaders of the organization. We have seen some companies collapse as a result of poor leadership, as others change with great leadership. The rules of entrepreneurship are the same; if you want to be successful, you got to be self-disciplined and self-motivated, among other virtues.
The other thing that people always complain about is lack of promotions. You stay with a company for decades, and when the President or the Chief Executive Officer seat is empty, the management goes poaching the replacements from other firms. Many individuals live in bitterness, feeling that would have been their opportunity. If this describes you, you may learn something from Louis Chenevert, the former CEO of the prestigious United Technologies Corporation (UTC).
Louis Chenevert acquired his degree in Production Management from HEC Montreal. His lectures were so impressed with his commitment and hard work that they began looking for opportunities for him from their friends. When he finally completed his education, he was hired by General Motors. Here his work was perfect; he was always working towards the improvement of the firm. He even got to serve as the General Production Manager before leaving the organization.
Later in 1993, Louis Chenevert was hired by Pratt & Whitney. Again, the focus of Louis was in ensuring that the company improved and moved to the next level. It was not long before the management of the firm saw his spirit and his dedication and they promote him to President of the firm in his sixth year in the company. After some time, the UTC poached him and made him their CEO.
It is worthwhile to note that Louis Chenevert became a CEO before he was made one. To him, it was not about the money; it was about doing the right thing and propelling the firm to greatness at whatever position he was serving. He did not wait until he became CEO to start putting in long hours or going the extra mile for the company. The next time you want a promotion, don’t wait for it, be it and let the title catch up with you on the way.