Executives can learn numerous lessons from Schultz’s leadership:
1. Vision and Execution: Having a clear vision and the ability to execute it is crucial. Schultz had a vision of creating a "third place" between work and home, and he executed this vision meticulously. 2. Resilience: Schultz’s resilience during tough times is a lesson for all leaders. His ability to make tough decisions and stay focused on long-term goals is exemplary. 3. Employee Engagement: Schultz’s people-centric approach underscores the importance of employee engagement. Happy employees lead to satisfied customers, which in turn drives business success.