The world of business can be a rough and tumble business that takes no prisoners. It also can create a whole lot of opportunity, innovation, and wealth. Not everyone climbs the branches of success, so you have to be dedicated, knowledgeable, and persistent. One man came from humble beginnings to become a successful and thoughtful leader.
In such a short period of time Louis Chenevert accomplished quite a lot at United Technologies Corporation. In his last position there he was Chief Executive Officer, President, and Chairman for the corporation. He used his vast knowledge, great instincts, and business smarts to launch United Technology Corporation into a leader in their industry. He started his journey in college at the University of Montreal’s business school called HEC Montreal. A native Canadian Louis was born there and lived there during the early part of his life. He would go on to start his career and first job in Canada at General Motors at St. Therese, Quebec. He was the first line supervisor at their assembly line plant. Chenevert would eventually work his way up the company. Fourteen years later Louis joined Pratt & Whitney, a division of the super corporation UTC. In his leadership role he cut down production time of an engine from two years to nine months. That cut down manufacturing costs by 10 percent in one year.
Louis Chenevert knew that Pratt & Whitney’s GTF engine had potential to spare so he joined the mother corporation United Technologies Corporation after over a decade at Pratt & Whitney. He joined United Technologies Corporation as Chairman. In his role as Chairman Louis encouraged UTC to invest in the most advanced technology to super boost the GTF’s engine potential and boy did it pay off. $10 million dollars later and they created a clearly superior engine that cut fuel burn by 20 percent. They also cut down the cost of the engine’s lifetime by 30 percent and noise by 50 percent. All the money and investment paid off in spades because now this particular engine is used by 14 airlines and in 70 aircraft.
Todd Lubar is an American businessman and entrepreneur who is also known as the founder and the current president of TDL Ventures. He had worked with a lot of industries in the past, but he chose to focus and concentrate on the real estate industry because of the many opportunities that he could experience in the sector. He once worked with the mortgage banking industry and gained recognition for his will to help the public realize their dreams of building a beautiful home. Today, he chooses to focus on the business aspect of TDL Ventures, and he stated that he would continue to change the lives of those who are relying on people like him, who works in the real estate industry. Todd Lubar is currently based in Maryland, and he recently released his insights about the current trends that can be observed in the real estate sector.
He took the city of Baltimore as an example and told the public about how the city is growing faster than before. The city of Baltimore is home to more than 600,000 people, and it is considered as the 30th most populous city in the United States. It is also one of the most important cities in the state of Maryland, being a commercial center. The demographics of Baltimore changes over time, and by studying the previous records about the city, Todd Lubar managed to see some visible trends that are happening presently in the city. He was able to identify several factors that affect how the city grows, and he decided to enumerate the pointers that he noticed after studying the city’s statistics.
The first thing that he noticed was that the number of young professionals living in the city is starting to increase, while the number of older professionals is beginning to decrease. By studying the flow of the population, Todd Lubar theorized that the city of Baltimore would be home to a younger demographic in years to come, and he had to cater to their needs for his company to survive. One of the things that the youth wanted is to have their dwelling space. The younger generation does not care about how big the house is, as long as their basic needs are met. To address this request, Todd Lubar stated that real estate companies should consider making more apartments out of existing structures because it would please the younger population more compared to the standard housing units. Old warehouses are just some of the structures that could serve as a residential space for the younger demographic, and they would still buy it because of how it was made and how cool it is to them. Other factors that are shaping the trends in the industry, as per Todd Lubar, is the city’s transport system, cost of living, and ease to do business.