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Overview

Turnarounds are often associated with brutal restructuring and cost cutting.

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 StratChat, 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.

About The Speakers

Alexander Osterwalder

Alexander Osterwalder

Dr. Alexander (Alex) Osterwalder is one of the world’s most influential innovation experts, a leading author, entrepreneur and in-demand speaker whose work has changed the way established companies do business and how new ventures get started. Ranked No. 4 of the Thinkers50 list of the most influent... Read more >

Tendayi Viki

Tendayi Viki

Tendayi Viki is an author and innovation consultant. He holds a PhD in Psychology and an MBA. As Associate Partner at Strategyzer, he helps large organizations innovate for the future while managing their core business. He has given keynotes, run workshops and worked as a consultant for several larg... Read more >

Hubert Joly

Hubert Joly

Hubert Joly has been recognized as one of the one hundred “Best-Performing CEOs in the World” by Harvard Business Review, one of the top thirty CEOs in the world by Barron’s, and one of the top ten CEOs in the United States in Glassdoor’s annual Employees’ Choice Awards. Joly is now a senior lecture... Read more >