
From Best Buy's brink of collapse to Wall Street Journal bestseller, Hubert Joly's "Heart of Business" reveals how putting people first transformed a failing company. What if profit isn't the goal but the result of unleashing "human magic" in your organization?
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When Hubert Joly took over as CEO of Best Buy in 2012, the company was in free fall. Analysts predicted its imminent demise as the stock price plummeted to $11. Yet within a few years, Best Buy's shares soared to over $110, marking one of the most remarkable corporate turnarounds in recent history. What made this transformation possible wasn't cost-cutting or financial engineering - it was a fundamental reimagining of what business could be. Even Jeff Bezos, whose Amazon was once considered Best Buy's existential threat, eventually formed a partnership with the company. Why? Because Joly had discovered something powerful: when you put people and purpose at the center of business, extraordinary results follow. This isn't just feel-good philosophy - it's a practical approach that delivers superior performance by unleashing what Joly calls "human magic." The question isn't whether businesses can afford to operate this way, but whether they can afford not to in today's world where both customers and employees demand more than profit-making from the companies they engage with.
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