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.
Modern firms compete on different fronts, including corporate social responsibility. In fact, American businesses donated over $16 billion in 2016 to various philanthropic causes. Texas, however, is ranked among the least generous states in America. Stream Energy—a Dallas-based retail electricity firm—is out to change this narrative. The company’s philanthropic interests include assisting the less fortunate and helping victims of disasters. The company has lend a hand to the less fortunate, and it will continue doing so through the newly launched Stream Cares.
Stream’s recent philanthropic undertakings include contributing towards building and healing areas affected by Hurricane Harvey. The hurricane ranked next to Hurricane Katrina as the costliest tropical cyclone, displaced over 30 thousand people. Among the displaced people were Stream Energy’s associates and clients. When a crowd-funding campaign was initiated to assist the affected associates, the firm matched the donations to the drive up to $25,000. And Stream Energy did not stop there: It helped American Red Cross by accepting contributions from well-wishers on behalf of the humanitarian organization. The Dallas-based firm then went ahead to assure its clients in the affected areas that they would not be penalized for paying their monthly dues later than usual.
Stream Energy understands that by working with like-minded organizations in its philanthropic endeavors, it stands to create a more significant impact. The company, therefore, has a cordial working relationship with Hope Supply Co. Salvation Army, and even its associates, when it comes to matters humanitarian. Stream Energy and its associates recently sponsored a thousand homeless children to be part of the annual Splash for Hope. The event enabled Stream to provide monetary support and supplies to North Texas homeless children.
Started in 2005 by Rob Snyder and Pierre Koshajki in Texas, Stream has grown to be among the leading direct selling companies in America. The revenues–$8 billion—that Stream has earned so far speak to the firm’s innovative direct selling program. While some of Stream’s services are available in seven states, the majority are available across America. Thanks to the company’s associates that work round the clock to popularize the firm’s services, receiving salaries and commissions for their efforts.