Category Archives: Business

Glenn Wakeman’s Succefful Career Led To The Founding Of LaunchPad Holdings

Glen Wakeman has filled many roles in his career including CEO, the owner of a small business, board member, an executive in financial services, a mentor, and an investor. His experience spans 21 years at GE in management, P&L, and business development. He is driven by his passion to build and improve businesses and increase individual performances. He believes leadership, execution, governance, risk management, and human capital make this possible.

 

Glen Wakeman’s career led him to found LaunchPad Holdings where he serves as the businesses CEO. He provides a software service that is fully automated and designed to help early stage entrepreneurs plan for their businesses. The software helps them develop a workable plan and accelerated growth. The company supplies invaluable suggestions and tips to guide entrepreneurs into the formulation of their companies and provides an ecosystem of advisors and providers of capital.

 

During his successful career, he created a business accelerator he called Nova Four. This enabled him to provide developing companies with access to capital and strategically designed advice. He gained valuable experience as the CEO for the Doral Financial Corporation and transformed their operations. They became a successful community bank and this led to him being honored with awards for his leadership and dedication.

 

Glen Wakeman worked for GE Capital for more than twenty years prior to his time with the Doral Financial Corporation. He was involved with a wide variety of departments and his service was invaluable to the company. In his role of CEO for GE Money Latin America, he was responsible for the start up of an operation consisting of nine countries. Due to his strategies and skills, their assets soon exceeded $12 billion (BusinessWire). Glen Wakeman accelerated his career by leading the operations in thirty countries while living in six of these countries. He is an inspiring role model and leader.

 

Prior to beginning his career, Glen Wakeman received an excellent education (https://ideamensch.com/glen-wakeman/). He attended the University of Chicago where his studies earned him an MBA. His education continued at the University of Scranton and when he graduated he possessed a BS in Economics and Finance.

 

Louis Chenevert – United Technologies Innovator and Pioneer CEO

Louis R. Chenevert is a former CEO of the United Technologies Corporation. He currently serves as an exclusive advisor at Goldman Sachs. He is originally from Canada, and has spent much of his career in manufacturing. Prior to his position at United Technologies Corporation, he served as the President of Pratt & Whitney Corporation, the company which manufactures aircraft engines. United Technologies Corporation is a large conglomerate which manufactures jet engines in addition to operating Otis, the company which makes elevators and escalators. Sikorsky, the helicopter manufacturer, is another division within UTC. UTC makes products aimed specifically for building technology and aerospace, and combines many of their business units together to ensure that the company is able to operate as efficiently as possible.

The company has done many very unique things throughout Mr. Chenevert’s tenure at United Technologies. By moving engineers to Connecticut from other lower-cost destinations, the company was able to focus on serving key defense markets. This was seen as being a very controversial move in the age of globalization.

One area which United Technologies excels in is in timing to the business cycle. They are also easily able to switch between manufacturing for defense and consumer products. During times of war, demand for defense jet engines increases while demand for civilian jet engines decreases. The switch between the two types of engines ensures that the company is able to be innovative and stay afloat. Boom and bust cycles occur, and this switch over represents United Technologies’ response to that cycle to prevent a major bust.

The company has also managed to give up some gains in the present for expected future gains. The goal is long-term gains in profit in supporting the products which they already make. The company continues to service their products, whether they are elevators or any other technologically-advanced product. This ensures a relatively stable income for the company, even as some aspects of their production might phase out over time.

Watch Mr. Chenevert talk here: