Delivering the Goods: An Interview with Best Buy and EIX Founder Dick Schulze
Category: Interviews
Author: James C Wetherbe
Tags: Wholesale Trade • Retail Trade • Leadership • Strategy • Family Business • Learn From Leaders • How to grow your business • How to start a business • Entrepreneurship
Published: April 29, 2014
Updated: June 28, 2024
Views: 149000
Downloads: Full Article PDF
Dick Schulze, the founder of Best Buy and EIX, shares his experiences as an entrepreneur and innovator, including how he tripled his income from his boyhood paper route; quit a retail job when his ideas were not valued; started one consumer electronics store, Sound of Music; then transformed that into Best Buy, the largest consumer electronics store chain in the world.
His lessons of finding opportunities in the ruins of dashed plans -- in Schulze's case, a tornado that destroyed Sound of Music but gave birth to the idea for Best Buy -- still resonate today in a new era of uncertainty.
James C Wetherbe
Richard Schulze Distinguished Professor / Rawls College of Business / Texas Tech University
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Richard Schulze Distinguished Professor / Rawls College of Business / Texas Tech University
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Cite this Article
DOI: 10.17919/X9RP4Q Wetherbe, James C. "Delivering the Goods: An Interview with Best Buy and EIX Founder Dick Schulze." FamilyBusiness.org. 29 Apr. 2014. Web 7 Dec. 2024 <https://eiexchange.com/content/6-delivering-the-goods-an-interview-with-best-buy>.
Wetherbe, J. (2014, April 29). EIX interview: Dick Schulze, founder of Best Buy. FamilyBusiness.org. Retrieved December 7, 2024, from https://eiexchange.com/content/6-delivering-the-goods-an-interview-with-best-buy