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Retired Businessman to Lead Boy Scouts of America as it Emerges from Bankruptcy

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Retired Businessman to Lead Boy Scouts of America as it Emerges from Bankruptcy

Roger Krone, a retired businessman and Eagle Scout, has been appointed as the new president of the Boy Scouts of America. Krone aims to reverse the declining membership trend and enhance safety programs as the organization emerges from a sexual abuse scandal-driven bankruptcy. The Irving, Texas-based youth organization recently had its $2.4 billion bankruptcy plan upheld by a federal judge, allowing it to continue operating while compensating over 80,000 men who filed abuse claims. Krone emphasizes the importance of ensuring child safety and plans to further improve the scouting program under his leadership. Membership in the Boy Scouts has experienced a significant decline, attributed to factors such as the sexual assault allegations, competition from sports leagues, technology, video games, and the pandemic. To address this, Krone believes in making scouting relevant to today's children by providing outdoor experiences and getting them away from screens. He envisions expanding high adventure camps and increasing the organization's size in the next five years. With his extensive business experience, Krone aims to align the Boy Scouts of America post-bankruptcy and drive its roadmap for the future. He emphasizes inclusivity and encourages everyone to participate in scouting. As the organization moves forward, Krone's leadership will play a crucial role in rebuilding trust, increasing membership, and ensuring a safe and relevant youth program.

Implications of Leadership Change in Boy Scouts of America for New Businesses

The appointment of Roger Krone as the new president of the Boy Scouts of America, amidst its emergence from a scandal-driven bankruptcy, offers valuable insights for new businesses.

Emphasizing Safety and Trust

Krone's focus on enhancing safety programs and rebuilding trust underlines the importance of these factors in any organization. For new businesses, particularly those working with vulnerable populations, prioritizing safety and trust can significantly influence public perception and customer loyalty.

Adapting to Changing Trends

Krone's strategy to reverse the declining membership trend by making scouting relevant to today's children highlights the need for businesses to stay adaptable and responsive to changing market trends. New businesses can take a leaf out of Krone's book by continuously evaluating their offerings and ensuring they meet the evolving needs and interests of their target audience.
Leveraging Leadership Experience
Lastly, Krone's appointment underscores the value of experienced leadership in navigating challenging times. His extensive business experience is expected to guide the organization post-bankruptcy and drive its future roadmap. This serves as a reminder for new businesses about the crucial role of experienced and competent leadership in steering the company towards success.
Story First Published at: https://financialpost.com/pmn/business-pmn/retired-businessman-will-lead-boy-scouts-of-america-as-it-emerges-from-scandal-driven-bankruptcy
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