The Strategic Nature of Fortress Investment Group

Fortress Investment Group is an asset management and investment entity based in New York City, United States. The company stands out as the leader in wealth management and investment opportunities in an industry that is risky and associated with uncertainties that can be brought about by political instability, detrimental trade policies, and general perception towards investment. However, the company has proved to be a very strategic and visionary entity that seems to weather all the challenges brought about by market forces. Employing qualified professionals to manage and run the company is one of the strategic plans implemented by Fortress Investment Group. Various research articles have highlighted the importance that a company gets if it acquires the right mix of experience and upcoming talent as its human resource capital.

Fortress Investment Group seems to take the advice a notch higher by ensuring that its workers have the right combination of skills, knowledge, and experience. This strategy explains why the entity is run by some of the most knowledgeable and experienced leaders in wealth management. Peter Briger and Wes Edens are famous and reputable persons in the field of wealth management and alternative investments. Adopting the right competitive tools and strategies helps the company to cut a niche that has few players making the company dominate in pricing and policies. For the last two decades, Fortress Investment Group has been a very competitive organization that other asset management companies have failed to live with. Adopting technology has helped the entity to be more efficient and effective in its service delivery.

Clients are attracted to the body because of the quality services offered to them and the fact that they feel valued by the company unlike in other wealth management companies. Registering in the stock market will go down as one of the best strategic plans that the company implemented which has placed it in such a high class. Fortress Investment Group was the first asset management and alternative asset company to be registered in New York Stock Exchange where members of the public could purchase units of ownership and have a direct say on how the organization will be managed. Enrolling in the stock market did not only bring many resources to the company but also acted as a marketing tool. Clients in investment and wealth management started considering the entity because it was in public platform for scrutiny if it faulted, of which it didn’t.

Louis Chênevert’s Entrepreneurship Habits

Louis Chênevert is a Canadian based businessman. Formerly, he served as the Chief Executive Officer as well as the Chairman of United Technologies Corporation until 2014. Apart from the stated positions, he served administrative positions at Pratt & Whitney, General Motors among others. He also worked as Senior Industry Advisor at Goldman Sachs Merchant Banking until 2017. Currently, he is a Business council member, a director at Cargill and leads Yale Cancer Center’s Advisory Board. He holds a Bachelor of commerce from HEC and a Doctorate from the University of Montreal. Additionally, he heads HEC Montreal’s International Advisory Board as well as the Board of Directors for the Friends of HEC.

In the recent interview conducted, Louis Chênevert says that the idea of United Technologies was as a result of many ideas brought to him by subordinate staffs. He says that junior teams are aware of the customers’ needs due to their frequent interaction. Moreover, he also says that his passion for delivering different products brought the concept of associated technologies. Louis brings ideas to life as a result of staff support which mainly focuses on coming up with game-changing goods. Besides support, he also reviews the approaches to see if they will help in achieving the key objectives. Chênevert stated that he is excited by the drastic changes in technology as it presents opportunities to venture in future.

As an entrepreneur, Louis adopts several habits that make him productive in the industry. Some of the practices include being optimistic, persistent follow-up, paying no attention to internal politics among others. He stated that the worst job he has ever done is being a supervisor in general motors. Louis stated if he had a chance to start his profession again, he would neither entertain energy drainers in the company nor internal politics to disrupt his final results. Finally, Chênevert recommends entrepreneurs to find the right team and associates themselves with winners. In addition to the stated, he advises entrepreneurs to adopt strategies that eliminate roadblocks and have persistent focus.

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