Making the most of his more than 25 years experience, innovative entrepreneur Robert Thikoll reveals his leadership and hands-on approach to useful and workable environments.
His method is reached by way of lean transformation, which is a structured method to ongoing development of business actions that take in people, processes and purpose with the objective of supplying an exemplary value to the customer.
Thikoll, who joined Ingersoll Rand in 2014 as vice president of operational excellence, discussed how he and his group guide lean transformation projects through hands-on commitments in a story at https:// ideamensch.com/robert-thikoll. They work to achieve their projects by collaborating with the company’s strategic division executives to recognize, manage and implement lean ideas to guide advancement.
He discussed the importance of two-way communication with the team, which accounts for more than half of unraveling a problem, as each person’s input is critical.
Thikoll described himself as a morning person and plans his challenging meetings to take place early in the day. He emphasized people should work at the time of day that works best for their productivity.
Sharing his outlook as an entrepreneur, Thikoll called attention to how crucial individual relationships and interactions are in bringing about achievements regardless of all the technology that prevails.
He also said one plan of action he replicates is daily management. And referring to what has helped boost business, Thikoll draws attention to accepting how to solve the present problem and never push what previously worked on a new group that you believe has a similar dilemma.
Thikoll’s previous experience includes 15 years at Danaher and eight years of lean experience with Aisin Takaoka Company and its subsidiary, Intat Precision.
He earned dual bachelor degrees in Political Science and Japanese from Arizona State University. In addition, he studied at Nanzan University in Japan.
Some men rack up achievements while other men leave legacies. Louis Chenevert has indeed left his own legacy during his time as Chief Executive Officer at the UTC, or the United Technologies Corporation.
Louis Chenevert prepared for his time in this role by attending the University of Montreal’s affiliate school, HEC Montreal. During his time in attendance, he received a Bachelor’s Degree with a specialization in production management which would serve as the foundation for his career.
He was hired immediately after graduation by none other than General Motors. He would continue working with this corporation for fourteen years. His skills in management were evident to all, and in 1993, the corporation of Pratt & Whitney approached him with a job offer. Here at Pratt & Whitney, Chenevert would work in management for six years before being offered the role of president, a position he gladly accepted. Having cut his teeth in aircraft engine manufacturing, he would be approached by United Technologies Corporations in 2006 and asked to be the Chief Executive officer as well as Chairman of the Board.
It was at UTC that Chenevert would leave a legacy. When Chenevert first came to United Technologies Corporation, the stock was sitting at $37 a share. After working here for several years, he was able to raise the stock price to $117. This achievement granted him a compensation package totaling a little over $22 million.
Chenevert was able to transform his company by focusing on researching and creating high technology products, specifically jet engines for the private and military sectors. In addition to this, Chenevert increased the stock value by acquiring two significant companies; Otis, which is the world’s largest elevator and escalator company, and Goodrich, which was their main competitor. The acquisition of Goodrich alone cost the company $16.3 billion. However, this critical business move allowed Chenevert to increase the net worth of United Technologies to $63 billion. With such a strong financial base, United Technologies Corporation has not missed a dividend payment in over 77 years and has increased payout by ten percent every year.