Louis Chenevert – How He Revolutionized UTC

There are a lot of people who live their lives without a purpose. They just try to feed their own souls and bring no comfort to others. However, there are many others who found the true meaning of life and live to serve the mankind. The story of former Chairman and CEO of United Technologies Corporation (UTC) is no different. He was able to revolutionize the air transport by producing high-quality jet engines. These jet engines had dual uses. They were not only used in military planes but also in commercial aircraft. Louis Chenevert, being the former leader of UTC, tried to make use of his intelligence for bringing revolution in the corporation that was necessary for its growth. His prime focus was customer satisfaction to analyze whether the products and services offered by UTC satisfy the customers or not. With the help of utilization of latest technology, Louis Chenevert has influenced UTC to get connected to regional and international markets. This big step increased the marginal profits for the corporation.

UTC works in a variety of sectors. From specializing in the assembly of jet engines to using it’s some of its resources into lifts and escalator as well as air-con industry. Running such a huge organization was a tremendous challenge for Louis, but he didn’t disappoint any one. With the help of his determination and decision-making ability, he took the organization to a whole new level. When Louis became the CEO of UTC, he brought a lot of changes in the organization. Initially, he started training programs which were established to train and guide UTC employees with skills essential for making the business profitable. He also started motivating and encouraging employees by rewarding the outstanding workers with bonuses. This has built confidence among the employees, and now they work even harder for the growth of the corporation.

Louis has been successful in using the top down approach for the growth of the corporation. Utilizing his education and skills obtained from Universite de Montreal, Business Roundtable, the Yale Cancer Center Advisory Board, Goldman Sachs, the US-India CEO Forum and HEC Montreal’s International Advisory Board, he has been able to bring praise-worthy revolution in UTC.

Omar Yunes, Award-Winning Franchisee, Shares His Secret to Success

Omar Yunes, franchisee of 13 Japanese Sushi Itto chain restaurants, is an award-winning Mexican entrepreneur. The popular chain restaurant has been in business for over 25 years and continues to expand into Central and South America. At a young age of 21, Omar Yunes invested into his first franchise of Sushi Itto, and now accounts for 10% of the corporation’s market. Yunes owns restaurants throughout Mexico City, Puebla and Vera Cruz that employ 400 workers in total.

In 2015, Omar Yunes won the Best Franchisee of the World award in Florence, Italy. After being presented with the award, Yunes expressed gratitude to his 400 employees, who he felt collaborated in his success. Benjamin Cancelmo, the CEO of Sushi Itto, acknowledged the award and its representation of the duos combined efforts to consistently provide a quality product while achieving excellent customer service.

Omar Yunes says his secret to running a successful franchise is largely due to picking the right business as a partner. The franchise must be knowledgeable of its market and have the ability to teach the franchisee how to effectively run the business. Yunes considers himself an amateur when it comes to knowing how to run a restaurant, but a professional at administrating. He warns entrepreneurs not to assume franchising will be an automatic success, and that sometimes businesses just do not work out. To know more about him click here.

The 2015 competition had participants from around the world representing 34 countries. Each franchisee was evaluated on the influence they had on social media, not just their branding. The participants’ knowledge, innovation, and leadership were also analyzed through their business models. The organizer of the contest in Mexico, Diego Elizarrarrás, praises Yunes’ influence on the franchise Sushi Itto. Elizarrarrás believes that Yunes placed Mexico on an international scale for franchises by winning first place in the competition, both nationally and worldwide.