Inflation, which is the drastic increase in the cost of consumer goods, is currently taking roots in the United States without many individuals realizing it. Shervin Pishevar notes that a large number of people around the country have not realized the current changes in the prices of goods because they have a higher purchasing power. The problem is that there is a small proportion that is made up of the low-income group of individuals who are not able to meet the cost of the goods.
Shervin Pishevar records that the problem will not change and it will even increase to the point that those individuals who can pay for the food and other everyday goods will not be able to handle it. This brings the biggest question of all time which tries to figure out why inflation is affecting the economy of the country.
One of the most critical aspects that are causing inflation to increase in the country is the current aspect of importing goods from other countries. There is an agreed consent that most of the industries around the country are not operating which have left the ordinary citizens at the mercy of multinational organizations operating outside the United States. The goods and services imported come at a higher price than what most individuals around the country would be able to get.
Shervin Pishevar also notes that the government is implementing policies to control inflation that cannot work in the country. Some of the changes introduced in the country include restricting a significant number of countries from exporting their products to the United States through stringent and unbalanced trade policies. The problem is that the supply of goods in the country becomes small against a large number of consumers, which causes individuals to compete for a few products and services which causes a price increase.
The bond market, which has for an extended period been used to control the market has significantly changed and is no longer having impacts on how the market operates. Shervin Pishevar feels that the government should develop other new policies that affect the market so that the problem is eradicated.
Louis Chenevert is a Canadian businessman and the current CEO and Chairman of the United Technologies Corporation (UTC). The Businessman has had a positive impact on almost any organization he has joined. The semi-retired businessman also works as the leading advisor for the Goldman Sachs, besides spending time with family and pursuing other personal interests. Before retiring from the booming aerospace industry, Louis Chenevert devoted his time to helping businesses change the way they tackled production. Specifically, Chenevert had a lasting impact on the aerospace industry. Upon obtaining a degree in production management from HEC Montreal, Louis Chenevert worked for the General Motors, where he was extremely productive thus rising through the company’s ranks and finally becoming the company’s Production General Manager. In 1993, one of the world’s leading aerospace manufacturer, Pratt & Whitney, hired Louis Chenevert to change its leadership. Although the company wasn’t doing fine at the moment, Chenevert guided the company and helped it boost its proceeds. The company’s market share improved significantly within six years Chenevert worked for it. Louis Chenevert also oversaw the acquisition of the aerospace manufacturing companies, Goodrich Corporation, which also used to one of the world’s leading rubber manufacturers.
Currently, Louis Chenevert serves as the CEO and Chairman of UTC, after being elected CEO and Chairman in April 2008 and January 2010 respectively. He is a Business Roundtable and an active member of Executive Committees. Also, Chenevert is the Chairman of Tax & Fiscal Policy Committee. Discipline and innovation are precisely what has kept the businessman’s powerhouse humming. Since joining the aerospace industry, all the corporations he has worked for have experienced impressive financial performance. He has helped them invest vast amounts of money in technology, courtesy of his hard work and unwavering dedication. Despite intense competition in the global aerospace industry, UTC today assembles some of the world’s most advanced jets, both for military and commercial users globally. The corporation also owns the largest escalator and Elevator Company in the world.
Louis Chenevert has undeniably made a profound impact on the aerospace industry. Today, he has plenty of time to pursue his passions which include engineering and designing yachts.
Every industry has its role models. To prove this assertion, let us highlight the booming real estate industry in Dubai and connect it to Hussain Sajwani’s resounding successful career. To have a better understanding of his career, and his real estate ventures called DAMAC Properties, it is critical to note that Sajwani hails from a humble family background. Even so, the DAMAC owner did not allow that to stand on his way to success. He used the challenges he encountered as a child, to make a name for himself. Currently, he is not only a billionaire but also a role model to business professionals who aspire to venture in real estate.
Background Information on Hussain’s Career
We have heard of the saying that successful business comes with tremendous challenges. In the case of the DAMAC owner, nothing is further than the truth. He worked with his father from a tender age. At that moment, Mr. Sajwani’s dad thought that he would take over the retail shop as the manager. Well, like any other supportive father with good interests at heart, he provided consistent support for his son. However, Sajwani the DAMAC owner was barely interested in inheriting the business. Therefore, he joined a medical school in Baghdad. Perhaps he was not really into a white-collar job after all, because he quit school. Sooner than later, he relocated to America with the sole intention of joining a different school and venturing into business. That is when he entered the Washington University for a course in economics. Those who have majored in this course know how demanding it is. For Hussain Sajwani to have graduated top of his class, he must have been a dedicated student.
Starting his Businesses
After school, the DAMAC owner was lucky enough to get a job at GASCO Oil Company. Ambitious as he was, he was trusted to serve as the credit manager of the company. Like in his past work experiences with his father, he registered excellent performance by initiating the development of constructive business models that he found useful for GASCO’s development. Shortly after, he quit establishing his businesses.
Lessons Learnt from Hussain’s Career
Perhaps Sajwani changed his mind regarding formal employment because of his inquisitive nature in business. Despite the choices he made, quitting was beneficial not only to him but also to other business professionals who now find it essential to draw inspiration from a guru.