Ron Johnson’s 5 Key Mistakes at JC Penney, In His Own Words
Fast Company talked to former JC Penney CEO Ron Johnson three months into his new job. What he said then explains why things didn’t work out.
Here’s the full story.
But here are 5 lessons taken away from Johnson’s miscalculations:
1. JC Penney Is Not A Startup, And Therefore Can’t Behave Like One
2. Not All Business Decisions Can Rely Solely On Gut
3. JC Penney Isn’t Apple
4. Managing A Team Within A Company Requires Different Leadership Skills Than Being The CEO Of A Company
5. Behemoth Businesses Can’t Be Reinvented Overnight
What can you learn from Johnson’s JC Penny disaster?
Good list. Critical analysis of mistakes is takes guts and vision. Most people don’t have what it takes to be CEO, too many people aren’t big enough to admit it.