"It was Fall in Minnesota. It was getting cold and we were supposed to die." This is how Hubert
Joly describes the early dark days as CEO of Best Buy a job most thought he was crazy to
accept. Amazon was tearing a disruptive path through retail but in the face of that
existential threat Joly did something remarkable: he saved Best Buy and remade it into a
thriving company rated as one of the most desirable businesses to work for. Having recently
stepped down as Chairman and CEO Joly is ready to share the leadership principles that
underpinned the resurgence of Best Buy and that he believes are at the heart of business:
pursue a noble purpose put people at the center unleash human magic and treat profit as an
outcome. There was a time when many would call this a soft philosophy. But times are changing.
Best Buy and 180 other companies signed the momentous Business Roundtable statement in support
of stakeholder capitalism. The Covid-19 pandemic further pushed many businesses to lead from a
place of purpose and with humanity. The changes underway are not a revolt but a revolution.
And Joly provides concrete advice on how to implement principles that can serve as beacons for
the next era of capitalism. Joly himself was transformed from a hard-charging deeply
analytical McKinsey consultant to a leader who believes in what he calls human magic. He will
share how so much of what he initially learned about management is either dated incomplete or
simply wrong-including how to turn around a business develop and implement a strategy
mobilize an organization and what it takes to be a great leader. The leadership principles
Joly lays out worked at Best Buy. They can also contribute to the necessary re-foundation of
business and capitalism around purpose and humanity"--
