The average large company dies at age 30 — Here are 4 strategies Jeff Bezos uses to make sure Amazon isn't one of them

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

How do you build a company that lasts for 100 years? Amazon CEO Jeff Bezos uses four strategies to 'remain in Day 1', the innovation and growth phase.

Alyson Shontell/Business Insider

"No customer ever asked Amazon to create the Prime membership program, but it sure turns out they wanted it, and I could give you many such examples," "Good process serves you so you can serve customers. But if you're not watchful, the process can become the thing. This can happen very easily in large organizations," Bezos wrote.

It is better to disrupt yourself than to be disrupted. So if you notice things changing, get ahead of of it rather than resist it.The final strategy Bezos recommends is to make decisions quickly. He uses a phrase with his leadership team,"disagree and commit" to help them get aligned on tough decisions.Unfortunately, this isn't practical.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ajs Alyson, Is your slide deck online anywhere? Thanks!

Good read 👍

techinsider Don't pay workers

techinsider 1). Be the richest motherfucker on the planet 2). Anything else is irrelevant

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines