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Vol. 21, Issue 2
Big Change At Best Buy
Working Through Hypergrowth To Sustained Excellence
By: Elizabeth Gibson and Andy Billings
327 pp. Davies-Black Publishing 2003
Review by: Lydia Morris Brown
In 1966, Minneapolis-based Best Buy Co., Inc. began as a single small store, selling audio and stereo components. Today it is considered North America's number one consumer electronics retailer, offering the widest assortment of electronic, technology, and entertainment products at 600 retail locations. Just seven years ago, however, this pioneer of the superstore concept, showing profits of only $1 million, from $5 billion in sales, and experiencing plummeting stock prices, was on the brink of bankruptcy. But, by December 2003, Best Buy was the only consumer electronics chain to show an increase in same-store sales.
Big Change At Best Buy is the first book to document how the stunning turnaround occurred and how a small team put into effect a companywide cultural transformation and created a practical, proven set of tools for implementing this kind of change.
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Our Most Popular Summaries |
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Vol. 25, Issue 4
Made to Stick
Why Some Ideas Survive and Others Die
By: Chip Heath and Dan Heath
291 pp. Random House, Inc.
Review by Simone Isadora Flynn, Ph.D.
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