But they don’t have to be like this.
Just ask Hubert Joly (Former Chairman and CEO of Best Buy, Best-Selling Author of The Heart of Business and Senior Lecturer at Harvard Business School).
When he took over at the struggling retailer Best Buy, he did things very differently. He put people at the center of the business. He created an environment where every employee could blossom. It was this philosophy that contributed to Best Buy’s spectacular resurgence.
Hubert and his team didn’t just succeed in turning the company around though. What’s also remarkable about this story is how they made the company a leader in innovation. And we’re talking about the retail industry, during the rise of Amazon. Rather than seeing Amazon as a threat like most other companies in the retail industry did. He saw them as a partner. He completely rethought his business model and approach to value creation in the process.
Hubert’s work at Best Buy is a fantastic example of how you can indeed innovate while turning around a multi-billion dollar company.
On the next webinar, Alex Osterwalder (author of the invincible company) and Tendayi Viki (author of Pirates in the Navy) will be joined by special guest Hubert Joly himself.
They’ll facilitate a conversation and extract powerful lessons and practical advice drawn from Hubert’s experience in leading Best Buy’s transformation.