Why Hyatt's CEO thinks ‘seeing around corners' is a futile effort for leaders: ‘Spend less time trying to do scenario planning' [Yahoo! Finance]
GE Aerospace (GE)
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Source: Yahoo! Finance
Although he wasn't new to the company—he'd been promoted from a vice president role after stepping away from a career in private equity —he had grown accustomed to the utilitarian, high-pressure, and frosty work environment that's emblematic of the finance industry. He quickly learned that this corporate atmosphere and corresponding governance approach didn't jibe with that of the hospitality giant Speaking with Fortune Executive Exchange , Hoplamazian said both the company and his management style had evolved considerably over his nearly two-decade reign at Hyatt, the $16 billion hotel chain employing more than 50,000 employees across 76 countries. Working in finance , he had limited patience for workplace diversions or small talk with staffers . But the hospitality industry is different; it's people-facing, warmer, and incredibly contingent on customer and employee satisfaction. This change in industry expectations necessitated a rewiring of how he managed and influenced his staff
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