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Big Change at Best Buy. Working Through Hypergrowth to Sustained Excellence by Elizabeth Gibson
Big Change at Best Buy. Working Through Hypergrowth to Sustained Excellence by Elizabeth Gibson
In an amazing turnaround that saw stock prices soar 1000 per cent in just three years, the Best Buy story of corporate transformation, financial rejuvenation, and fundamental cultural change has become the undisputed example of how the much-touted principles of the learning organization can be applied to produce truly long-term, bottom-line value. Written by the consultants who were there every step of the way, “Big Change at Best Buy” reveals the secrets of how the once-sprawling entrepreneurial maverick transformed into North America’s No 1 specialty retailer-converting supercompetitive individualists into collaborative systems thinkers. For the first time, the authors showcase the proven methods and tools that helped Best Buy achieve phenomenal growth and map out in detailed, actionable steps what it takes to implement organizational strategies that fundamentally alter behavior – the key to sustained change. Focusing on the three important areas where change matters most – the head, the heart, and the hands – “Big Change at Best Buy” offers hard-won lessons for every executive and manager on how to turn management practices and a culture designed for rapid growth into the kind of disciplined, customer- centered operation that now drives Best Buy’s success.
What is forex?
Quite simply, it’s the global market that allows one to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.
An exchange rate is the relative price of two currencies from two different countries.
You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!
You’ve exchanged one currency for another.
Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.
Currency Exchange
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.
It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.
Salepage : Big Change at Best Buy. Working Through Hypergrowth to Sustained Excellence by Elizabeth Gibson
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