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Leadership Lessons We Can All Take From the Sudden, Messy Closure of Two Popular Chains

22 0
30.04.2024

In the wake of the sudden closure of Chicago's Foxtrot and Dom's Kitchen & Market (parent company Outfox Hospitality), the story of how it unfolded serves as a powerful lesson for executives on the importance of communication during a crisis. This scenario played out in real-time at Foxtrot, a company once buzzing with innovation and promise, having been recently infused with substantial investment and seemingly on a path to reshape the urban grocery landscape.

The executive team faced a critical juncture as the reality of closure set in. Their decision wasn't just about shutting down; it was about how to communicate this decision. The absence of direct communication from the top led to widespread confusion and distress among employees, many of whom learned of their job loss abruptly. This lack of communication may........

© Entrepreneur


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