How Jeff Bezos Ruled Amazon
Jeff Bezos' unique leadership approach, which makes Amazon one of the world's largest and most influential companies: How did Jeff Bezos lead Amazon from meetings to management?
Leadership advice from
Amazon's chief; obsess over your customers, know the difference between good and bad failure, ignore the stock market.
Jeff Bezos; Amazon founded one of the largest and most influential companies in the world, thanks to the unique leadership ethic that he emphasized in his annual letters to shareholders, interviews, and all other articles.
While advising on his management approach, Bezos touched on everything from sleep (minimum eight hours) to the most productive time of meetings (not before 10 am). Emphasizing that his most important philosophy is innovation, Bezos said that thanks to these principles, Amazon preserved its dominance in the sector and adapted to the challenging work culture.
Some of Bezos's effective leadership lessons and other recommendations, who have managed Amazon for more than 30 years:
How Jeff Bezos Ruled Amazon
-Make small but high-quality decisions:
As long as it is quality and appropriate, even 3 decisions are sufficient.
-Obsess your customers
From the earliest days, Amazon's success has been associated with giving customers what they want and are looking for.
In his book, Bezos stated that he sent emails to 1000 randomly selected customers to get advice on what to sell on his site.
--Do not hesitate to innovate
Amazon, according to the Drucker institute; Outperforming Apple in patent applications, trademark registrations and R&D, it has become the best-managed company in the US as of 2019.
- Embrace failure
Bezos emphasizes that there is a big difference between experimental failure and bad practice, emphasizing that failure and innovation are inseparable.
- Make meetings important
Bezos continues to point out at every opportunity that it is beneficial to “turn ideas into decisions” that short notes should be read and distributed to participants in order for the meetings to be efficient.
- Ignore the stock market
Bezos sees tracking stock market ups and downs as a waste of energy, and tells his employees the same: “Never waste time thinking about daily stock prices. I never do"
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