Motley Fool Money 3 CEOs Walk Into A Bar...
Sep 7, 2022
Jason Moser, a Senior Analyst at Motley Fool, dives into the latest corporate shake-ups, discussing Target's CEO extension policy and Starbucks’ upcoming leadership change with Laxman Narasimhan. He highlights the challenges these CEOs face in adapting to consumer demands. Ricky Mulvey and Jason Feifer explore key insights from Feifer's book about embracing change and innovation, reflecting on past corporate failures like Blockbuster and Kodak. They emphasize the importance of balancing profitability with strategic foresight in today's rapidly evolving market.
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Long-Term CEO Tenure
- Consider long-term CEO tenure for capable leaders like Brian Cornell.
- Balancing short-term gains with long-term vision is crucial for business success.
Starbucks' Operational Shift
- Starbucks' shift towards a digital, on-the-go model requires rethinking store layouts and operations.
- This adaptation focuses on improving efficiency for both customers and employees.
Narasimhan and Schultz: A Critical Relationship
- Laxman Narasimhan's success at Starbucks depends on his relationship with Howard Schultz.
- Their shared vision is key, but potential conflicts could arise.