Tag Archives: BI Oslo

BOOK REVIEW: “Leading in Turbulent Times” by Peter Lorange (2010)

Jeff Immelt, CEO of General Electric, has said that anyone could have run the corporation in the 1990s. Conditions were so favorable that “a dog could have run GE” he claims. Not very flattering for his predecessor, Jack Welch!

Still, leadership is certainly easier when the economic outlook is good. The real test is during an economic downturn and given the difficult past 5 years books of this sort are more than welcome.

Peter Lorange has had one of the most illustrious careers in academia. Having begun his career teaching at MIT Sloan School of Management and Wharton, he then went on to become President of BI, Oslo and then IMD, Lausanne. He retired from this last position in 2009 but instead of dedicating his time to golf he bought the GSBA, Zurich and renamed it the Lorange Institute of Business. You might conclude that he has quite a bit to say on leadership and you would be right. This is an excellent book.

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Silver medals and the benefits of being second

A disappointing silver medal

This week an American athlete twittered that getting coming second just meant that you were the best of the losers. It is easy to understand his disappointment. Most silver medalists will have begun their completion thinking that they had a realistic chance of walking away with gold. Their emotions will have no doubt been mixed as they stood listening to the national anthem of another nation.  

From Victoria Komova of Russia (Gymnastics) to India’s Vijay Kumar (Shooting) to Ryosuke Irie of Japan (Swimming), there was a certain air of sadness as they received their silver reward for all those years of work. Even Michael Phelps had a glum look after he received his silver medal in Men’s 200m Butterfly (despite being the Olympic’s most successful competitor). The Australian press is currently lamenting the poor performance of the nation despite having won 12 silver medals (but only two gold).

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