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Teamship emphasizes collective responsibility and mutual accountability, replacing traditional hierarchical leadership. Research shows that adopting teamship practices such as co-elevation can significantly increase collaboration. Teamship encourages a challenge culture that empowers team members to hold each other accountable for collective success.
After 11 consecutive quarters of declining sales and the loss of over half a billion in revenue, Kohls outgoing CEO Tom Kingsbury openly acknowledged the companys self-inflicted wounds and took responsibility. Addressing decisions that led to a 9.3% drop in quarterly sales at Kohls stores open for at least a year, Kingsbury told analysts, We thought, We can do more with a lot less, and that didnt work out for us, according to the Wall Street Journal.
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