Best Buy’s Hubert Joly on Walking the Talk of Stakeholder Capitalism
HBR IdeaCast6 Juli 2021

Best Buy’s Hubert Joly on Walking the Talk of Stakeholder Capitalism

Hubert Joly, former chairman and CEO of Best Buy, says that now is the time for companies to get serious about operating to benefit not just shareholders but also employees, customers and broader society. In the face of environmental crisis, racial turmoil, and rising economic inequality, he argues that leaders shouldn't debate whether or when to embrace this new version of capitalism. They should focus on how to do it. He says this starts with having a clear purpose and ensuring that everyone in the organization connects with it and one another. It also involves offering fair pay and opportunities for advancement and working with, not against, consumers, the community, the competition. He shares how these strategies helped turn Best Buy around despite the rise of Amazon. Joly is the author of the book “The Heart of Business: Leadership Principles for the Next Era of Capitalism” and the HBR article “How to Lead in the Stakeholder Era.”

Avsnitt(649)

Work-Life Supports That Truly Help Your Organization

Work-Life Supports That Truly Help Your Organization

Work-life support programs have long been known to lower turnover and raise employee loyalty. But new research shows they also have a positive effect on promoting diversity among managers at those fir...

6 Sep 202227min

What Business Leaders Should Know Now About the Metaverse

What Business Leaders Should Know Now About the Metaverse

It might still seem like a buzzword, or something that only matters to tech CEOs. But Matthew Ball, CEO of Epyllion and the former global head of strategy for Amazon Studios, says the metaverse is the...

30 Aug 202227min

Why Companies Decide to Sell on Amazon—or Not

Why Companies Decide to Sell on Amazon—or Not

It's a dilemma facing more and more brands: should you sell your goods on Amazon? It's the most visited e-commerce platform in the U.S. and the dominant retailer in 28 other countries. But that reach ...

23 Aug 202228min

Strategies for Dealing with Difficult Coworkers

Strategies for Dealing with Difficult Coworkers

Work is challenging for lots of reasons, but most of us have probably come to realize that what makes or break a professional experience is people - and sometimes we encounter a boss, peer, or direct ...

16 Aug 202228min

Decisions Don’t Have to Be Either-Or

Decisions Don’t Have to Be Either-Or

Making business decisions often means choosing one path over another. And psychology research shows that our brains are wired to make either-or choices. But Wendy Smith, management professor at the Un...

9 Aug 202225min

Is Cynicism Ruining Your Organization?

Is Cynicism Ruining Your Organization?

Around the world, we've become increasingly cynical about other people, public institutions, and corporations. In Edelman's 2022 Trust Barometer, nearly 60% of respondents across 27 countries reported...

2 Aug 202229min

The Case for Embracing Uncertainty

The Case for Embracing Uncertainty

For many of us, uncertainty is nerve-wracking. However, many of our best achievements and meaningful experiences come from a trying time of ambiguity. INSEAD professor Nathan Furr and entrepreneur Sus...

26 Juli 202228min

How the Unionization Trend is Changing Workplace Dynamics

How the Unionization Trend is Changing Workplace Dynamics

For years, union membership has been shrinking in the United States and many other countries. But recently we've seen a resurgence, with employees in sectors like retail, hospitality, and media organi...

19 Juli 202233min

Populärt inom Utbildning

historiepodden-se
rss-bara-en-till-om-missbruk-medberoende-2
det-skaver
alska-oss
harrisons-dramatiska-historia
nu-blir-det-historia
johannes-hansen-podcast
rss-foraldramotet-bring-lagercrantz
roda-vita-rosen
rss-viktmedicinpodden
not-fanny-anymore
sektledare
rss-sjalsligt-avkladd
i-vantan-pa-katastrofen
sa-in-i-sjalen
allt-du-velat-veta
rib-podcast
rss-basta-livet
rss-max-tant-med-max-villman
rss-traningsklubben