Jeff Bezos - CEO Amazon
Jeff Bezos - CEO Amazon
Jeff Bezos - CEO Amazon
Project Report
Subject: Leadership
Mr.Rohit Shinde
Name
Mr.Kaustubh Pawar
Mr. Shubham Ghogare
Mr. Mukundh Shivakumar
Mr. Karthik Venugopal
11015321
Matriculation Number
11015333
11015335
11015344
11015671
Semester III
11015321@stud.srhk.de
E-Mail
11015333@stud.srhk.de
11015335@stud.srhk.de
11015344@stud.srhk.de
11015671@stud.srhk.de
JEFF BEZOS - CEO AMAZON
Table of Content
Table of Content.......................................................................................................1
Abbreviations...........................................................................................................2
List of Figures..........................................................................................................2
Abstract....................................................................................................................3
1. Introduction....................................................................................................4
7. Conclusion......................................................................................................26
8. Bibliography...................................................................................................27
Declaration of Work......................................................................................29
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JEFF BEZOS - CEO AMAZON
Abbreviations:
List of Figures:
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JEFF BEZOS - CEO AMAZON
Abstract:
In today’s society, to be a successful entrepreneur you must be able to adapt to the ever-
changing market conditions. To do this, it is important to utilize your resources to their
maximum potential to gain the best results possible. As such, an entrepreneur needs to
have very good leadership skills to mobilize his team to achieve the company's vision.
This paper aims to highlight the importance of leadership for organizational success in a
business environment. In specific, the paper is focused on the transformational kind of
leadership employed by well-known entrepreneur Jeff Bezos who has managed to grow
Amazon to the purpose that it is considered the largest online seller globally. The
methodology used is qualitative and is based on the research of secondary sources such
as articles, books, and interviews. The findings show that transformational leadership
could be a key solution that matches the needs of corporations finding themselves
having not only to strive to survive however to flourish during this fast-paced, ever-
changing environment of the business world.
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JEFF BEZOS - CEO AMAZON
1. Introduction:
Leadership study has a lengthy history in the wide and current field of leadership. It is a
field that encompasses different approaches and numerous various styles (Toma and
Marinescu, 2013; Toma, et al., 2016; Toma, et al., 2019). As the world is changing at a
very fast pace and as new challenges occur within the environment, companies,
institutions, researchers, and other stakeholders are confronted with an easy yet
complicated problem: finding out solutions to those challenges with adaptability
because the focal point and the right person for the task from the leadership’s
perspective.
This paper is dealing with the study of transformational leadership and how it has been
applied in practice, The concept of leadership is a common topic nowadays, studied
from multiple perspectives and, at the same time, represents a very desirable status.
Many people showed grit and have this powerful driver to work hard to gain those
skills, whilst others are naturally talented in this field and have relied on their instincts.
Whether one is born a leader or one can become one is still, one thing that can affirm
about leadership is that it is closely linked to change and progress. Under the right
circumstances, leadership can bring about growth at a fast and efficient rate. To explore
this concept in-depth, for this paper, it is important to start by defining the concept
(leadership), describing Jeff Bezos, and then placing it in context by approaching the
case of Jeff Bezos and Amazon.
"The ability to predict, visualize, develop contingency plans, and encourage others to
develop strategic change as needed" is how leadership is defined.
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Recognized as the pioneer of e-commerce, Jeff Bezos founded Amazon in July 1994,
selecting Seattle for its abundance of technical talent, as Microsoft was within the area.
Mackenzie Scott was also a key figure in the company's inception, having driven across
the nation with Bezos to get it off the ground. Scott applied for a researcher coordinator
role at D. E. Shaw & Co., a statistical investment company in New York City, while she
was still in school to "cover expenses as concentrating on her novels." When Bezos,
then a vice president of the company, interviewed her, he reached Scott.
Amazon went public in May 1997. It started selling music and videos in 1998 and
began international operations by getting online sellers of books within the United
Kingdom and Germany. The subsequent year, it began selling products including video
games, consumer electronics, home improvement products, software, games, and toys.
In 2002 it launched Amazon Web Services (AWS), that provided information on
website popularity, Internet traffic patterns, and different statistics for marketers and
developers. In 2006, it grew its AWS portfolio when Elastic Compute Cloud (EC2), that
rented computer processing power, get Simple Storage Service (S3), and rented data
storage via the web, also became available. That year, Amazon also started Fulfilment
by Amazon which allowed individuals and small companies to sell items through the
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JEFF BEZOS - CEO AMAZON
company's Internet site. In year 2012, Amazon bought Kiva Systems to modify its
inventory management business. In 2017, it bought literally the entire foods
supermarket chain.
Jeff Bezos recognizes the importance of an impactful core company culture for
economic success, and his vision has undoubtedly achieved the desired outcomes for
him. The odds are stacked in his favour. In 2019, Amazon surpassed Apple as one of the
most profitable firm in B2B marketing, with a market capitalization of over $1 trillion.
His achievement has astounded the world, and it is imperative that the world learns his
guiding principles that paved the way for his success. Individuals from all over the
world are looking for the Amazon leadership principles today. These 14 key principles
from Amazon are game changers since they span it all from interview questions to
group interaction and corporate culture.
Amazon.com is immensely proud of the leadership ideals that have guided their
meteoric rise to professional fame. Who would ever have believed that a company that
started out selling books online 23 years ago has evolved to be the next fifth largest
retailer in The United States? Amazon leadership principles, led by Jeff Bezos, are a set
of guidelines for making a corporation work. They are, nevertheless, universally
applicable to any business or leader.
One inspirational leader and a very successful business entrepreneur and all time
favorite are Jeff Bezos, the owner and founding father of Amazon, Washington Post,
and Blue Origin Company. The pioneer of entrepreneurship and inventor of the online
e-commerce ideation, Jeff Bezos is that the leader and founding father of the famed e-
commerce company named Amazon, Company Executive of The Washington Post, and
the maker of Blue Origin, the astronomical investigation organization. Jeff Bezos
became one of the world’s wealthiest and richest leaders from his well known business
ventures.
Bezos was born in New Mexico in 1964; he loved and admired computers from birth.
Hence, he studied Electrical Engineering and Computer Science in the Princeton
University. At the end of his bachelor’s, he got employed in Wall Street. In 1990, Jeff
became the youngest senior vice president in D.E. Shaw, a well-known investment
company. After working for 4 years, Bezos left his job and set up Amazon.com, an
online bookstore. This e-commerce bookstore became one amongst internet’s biggest
financial sources and also the most outstanding success story on the internet. In 2013,
Bezos got The Washington Post, and later in 2017, Amazon got Whole Foods too under
its name. Amazon.com was set up by Bezos on July 16, 1995, think about the wavy
South American river. Before launching the website, three hundred acquaintances were
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at the start tested to see its performance and effectiveness. (Jeff Bezos Leadership Style
and Management Analysis, 2022)
Jeff Bezos entrepreneurial story is like many we have heard, starting small with the
passion, commitment, zeal, and resilience to see their big dreams come true. His
entrepreneurial journey started from a very unlucky place, in his parents’ garage. He
launched Amazon in the year of 1995 as an web book store with a some workers as
members of his start-up team. Shortly when the launch of Amazon, Bezos began to see
profits in his business, a bit more than he expected. He recorded sales of $20000 in a
week only after 2 months of beginning of the business. Therefore, he was able to spread
his business specified that it gained public recognition in 1997. Like most people would
think of any start-up, people began to question if amazon could survive beyond the firs
few years. But, Jeff Bezos and his team were relentless. Thus, the business continued to
expand and outpaced its opponents. As an innovative entrepreneur, Jeff Bezos never
stopped looking for opportunities to expand the business and look for new ways to offer
unique services to his market. This is one of the many reasons Amazon is the huge
success it is today. (Jeff Bezos Leadership Style, 2022)
Considering Bezos’s leadership style, we will recognized that his leadership styles are
exceptional and distinctive. Jeff Bezos leadership style based on the Autocratic
Leadership Style, as he check and control everything in person. Additionally, he also
owns a Strategic Leadership Style through that he gave exceptional techniques and
different approaches which create his organization prosperous and profitable. From this
leadership style, he will decide the long term of the business and verify the standards
and objectives. Ever since he has several employees to work with, also follows a Cross-
Cultural Leadership Style, wherever he motivates both by his charisma, personality, and
zeal and visions of his business. Hence, his leadership styles change as per the need of
the circumstances and situations. (Jeff Bezos Leadership Style and Management
Analysis, 2022)
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These fundamental 14 principles are the values that govern the corporate and its staff.
Amazon tests its staff and candidates on the principles relevant to the role. Read on to
know everything concerning the amazon leadership principles impressed by number of
the foremost valuable leadership styles.
6. Hire and Develop the Best – Hire and develop the best employees-
Leaders increase the bar with every hire and promotion. They recognize exceptional
talent and support transfer and development within the company Leaders groom leaders
of tomorrow and treat one’s duty as coaches sincerely. In the interest of our employees,
we develop mechanisms for career advancement, such as Career Choice.
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i. Monitor- He monitors the tasks done by the employees and ensures that all
the employees meet the goals in time, the performance of the employee is as
per the expectations if the performance is low then take corrective measures
to improve it by sending the employee for training.
ii. Jeff Bezos Monitoring Style- He believes that his managers should monitor
and accept external business changes. He believes in the personal
monitoring of his project teams and ensures that the bar of employee
performance is raised every year.
iii. Disseminator- The manager is responsible to communicate important
information, collecting information, and disseminating it to the concerned
people. Jeff Bezos’s role as a disseminator is fabulous in giving structured
and useful information to his employees and teams. He believes that no
matter how high you reach in your career it is important to be in touch with
people who you are serving in the market.
iv. Spokesperson- He is the spokesperson for the company who makes
important announcements and declarations officially on behalf of the
organization.
v. Jeff Bezos Role As A Spokesperson- He has made all the important
announcements like the launch of e-books sale in 1995, compact discs in
1998, cameras and FMCG products sale in 2000, Amazon prime service in
2005, amazon web services that rented the computing power and database
storage to small business in 2006. Amazon video service in 2006, Kindle e-
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book reader in 2007, buys Zappos the e-commerce shoes retailer in 2009,
kindle fire in 2011, Amazon Echo the first smart speakers in 2015, the
whole food chain in 2017and plan to buy online pharmacy in 2018-19. Jeff
Bezos announced a new $2 billion fund for philanthropic efforts called The
Day One Fund.
II. Blake and Moutons Managerial Grid model of Leadership- This model will
be beneficial in determining Jeff Bezos' leadership style and determining
whether it is successful.
III. Charles Handy’s Cultural Model- The cultural model will assist in the analysis
of Amazon's organizational culture and the factors that have an impact on the
organizational culture.
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• CEO Jeff Bezos has defined Amazon’s culture as a “gladiator culture” which
clearly defines the goals for each employee and ensures they meet them. A
high standard of work is the tool by which Amazon managers drive their
teams to deliver ever-increasing levels of service to customers. Amazon has
succeeded because of its evidence-based single, unified force that combines
the internal culture and its external brand.
• The internal culture nurtures HR innovation and the performance-driven work
environment that encourages the employees to innovate in rendering
outstanding and continuously improving customer experience and its brand
identity is based on providing an innovative customer experience.
• An important feature of amazon’s culture is the single-minded focus of all the
employees on excellence in customer services this feature has made the
company one of the most desired companies in the world in 2019.
• The company is an excellent example of Brand Culture Fusion which means
the full integration of the external brand image and the internal corporate
culture.
• Jeff Bezos’s core philosophy of Two Pizza Rule shows the corporate culture
which means every team should be small enough to be fed with 2 pizzas has
made the company agile enough. Small teams are more effective.
• The organization culture adores the veterans from armed services are
welcomes them by giving them work opportunities at Amazon.
• The organizational culture of Amazon can be considered as a mix of role
culture and task culture because the employees who hold important job titles
are able to significantly influence the culture on other hand Amazon has some
features of the task culture also because the team members who are more
skilled and knowledgeable are dominating and shaping the culture of the
work teams. This might sometimes have a negative impact on employee
motivation.
• Internship opportunities are an immense motivation for candidates to apply
for jobs on Amazon. They select candidates with creativity, problem-solving
capabilities, create simple, faster customer-satisfying experiences which
shows that the culture is supportive.
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Having the skill to accept completely different challenges let Jeff Bezos assume
differently and raised the talent for new experiences, exposures, and inventions.
By taking the internet’s reference, he might find the business techniques of
delivering items and services. During this method, he created the most extensive
online bookstore, Amazon. eventually he comes up with an innovative concept
to change it into realism. Furthermore, Amazon became a very successful and
profitable bookselling web store, Bezos worked on making huge stores across
the country. His different test results in a big loss of the stock market, however
later, he changed the situation very fast by once again creating the organization
one of the major virtual discounted bookselling stores in the World.
Jeff Bezos is one of the world’s famous leaders, possessing the planned set of
values, beliefs, cultures, and standards for his company. After that, he guides his
employees to follow these guidelines. Also, he encouraged his staff to develop
and make their skills to boost their performance. Bezos has the persuasive skills
to influence his employees to develop different ideas & productive results for
matters related to company. He depicts his skills to lead and leading his staff to
increase their awareness of the results.
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• Forming:
Bezos has set a unique ‘Two-Pizza-Rule’ for establishing teams in his
organizations, which means that a team should be sufficiently served with no
more than two pizzas. To put it precisely, regardless of the massive scale of his
company, he forms individual teams or task forces with a size typically around
8-10 members, to perform the tasks effectively and efficiently. If some task
needs more than this variety of people, then according to Jeff Bezos it's
imperative to possess an additional solid structure within the team in order to
achieve a much better communication and consequently provides a prolific
output.
• Storming:
He has created a culture that embraces criticism from teammates, as a result of
he makes his workers believe that being misunderstood by others implies that
you are really doing something innovative and distinctive, which can someday
yield great outcomes once being persistent with multiple experimentations.
Restricting the team sizes in forming stage, in fact, comparatively decreases the
issues arising in storming stage.
• Norming:
At each purpose within the team’s development and working, this vision
simplifies the methods of being collaborative during this third stage. Further,
Bezos has incorporated the ‘Disagree-and-Commit’ strategy in his teams to
establish an honest and supportive team culture; since he believes that decisions
can be made at twice the speed with this method by cutting down the argument
phase and getting quickly into action mode.
• Performing:
Effective communication is an essential element of team performance according
to Bezos. He expelled the use the PowerPoint presentations from all levels of
business meetings in his organization. He holds a firm view that people get the
message more precisely through storytelling method (memorandums) rather than
bullet points in PowerPoints. In every meeting, the members silently read the
memorandum together for first half an hour and hence everyone actually
becomes prepared for further process rather than simply pretending to be
prepared.
• Adjourning:
Jeff Bezos has adapted a ‘Pay to Quit’ model from Zappos, within which he
offers freedom of going away the organization to unhappy staff, with a liberty of
up to 1 month’s salary compensation. This approach has positive advantages on
the team’s performance, since it discards implicit human obstacles. (Jeff Bezos -
PDFCOFFEE.COM, 2022)
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JEFF BEZOS - CEO AMAZON
I. Crucible
In May 2020, Amazon released "Crucible," its first AAA video game, but only
a month later, the game was moved to an invite-only closed beta. Development
had been paused indefinitely by October 2020.
"Crucible" was shut down because "the dev team is going on to concentrate on
"New World and other Amazon Games projects," according to an end-of-
development FAQ on the Amazon Games site. Customers might also request
refunds through the page.The amount of money Amazon lost on "Crucible" is
unknown, however Juego Studios estimates that AAA game development costs
range between $60 and $80 million.
II. Haven
Haven, a healthcare company founded in 2018, was a collaboration between
Amazon, Warren Buffett's Berkshire Hathaway, and JPMorgan Chase. Its goal
was to help these three corporations enhance healthcare services and lower
insurance costs for their employees and their families, with the possibility of
expanding to additional employers in the United States. (Jeff Bezos’ Most
Outrageous Business Failures, 2022)
Haven, while an innovative concept, struggled to realize its objectives and
experienced multiple changes in top leadership throughout its brief existence.
Haven announced in January 2021 that it would cease operations at the end of
February. The amount of money Amazon put into the company is unknown.
(Jeff Bezos’ Most Outrageous Business Failures, 2022)
III. LivingSocial
LivingSocial, a competitor to Groupon, received a $175 million investment
from Amazon in December 2010. However, as the daily transactions industry
slowed, the company's rapid expansion came to a halt. (Yahoo is part of the
Yahoo family of brands, 2022)
According to The Washington Post, LivingSocial tried to flip its marketing
strategy by selling tickets to local events and organizing its own — for which it
spent roughly $4 million remodelling a historic building in Washington, D.C.
However, these efforts were unsuccessful, and the company was eventually
acquired by Groupon in October 2016 for $0 in cash. (Yahoo is part of the
Yahoo family of brands, 2022)
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JEFF BEZOS - CEO AMAZON
better judgments in the future, ones that are more in line with our mission."
(Yahoo is part of the Yahoo family of brands, 2022)
It derives from the fact that one of the most significant business judgments are
frequently the most difficult, and those difficult decisions frequently result in a spiral of
new leadership problems. It's actually quite straightforward. If you choose between
numerous fair options in your organization, some of your associates or clients will
almost certainly believe you made the wrong call. But once you've made your decision,
they could find it difficult to accept it.
Here's a simple illustration. Let's imagine you're contemplating a new product's retail
pricing. While a cheap cost may result in more sales, a high price may perpetuate the
idea of a high-end product quickly. Your marketing department would rather advertise
something much more special. So you can make an argument for either option. You
must, however, make a decision.
How can you persuade team members who will certainly believe you made the incorrect
decision to put aside their differences? This is where Bezos and Amazon enter the
picture.
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Let us just call the inability to resolve what it really is: a destructive mentality —
despite the fact that it represents such fundamental, humanistic, emotions that it's
difficult to hold individuals accountable for it. Realizing this, in his yearly proxy
statement on April 17, 2017, Bezos revealed a method for overcoming it. Bezos noted
that he prioritizes good decisions, which mostly involves take a choice prior having all
the facts you need. He says the biggest opportunity for responding would be when you
know 70% of the data you require.
Nevertheless, a lack of details makes difficult judgments much more difficult, resulting
in the above-mentioned leadership issues. To combat them, Bezos provided a simple
verbal strategy that halts the spread of problems by halting the spread of destructive
attitudes. This is only a three-word phrase, after all. "Disagree and commit," which
Jeff Bezos added. The term could help you save a great deal of time. It's useful to say,
even when there's no unanimity, if you already have confidence in a specific manner
"See, I think we don't agree on this, but are you willing to take a chance alongside me?
Disagree and make a commitment?"
None of us can know the right answer for certainty by the moment you get to this step,
so you'll definitely get a swift ok.This is something you must do as well if you're the
boss. I constantly disagree and commit.
Even the Kindle
Bezos describes in detail an instance in which his crew pushed for an Amazon
Productions series that he didn't realise was best possible way. "I disagree and
commit," he told them, “and I wish it will become the most viewed thing we've
done." Here's one more slightly elevated illustration that I adore: Jeff Wilke,
Amazon's "second most significant Jeff," told the tale of how he initially thought
the Kindle wouldn't be a good match for the company.
"I disagreed and committed, and I'm really glad I did," he told The Wall Street
Journal.
So, let's have a look at why I believe this three-word sentence is so beneficial.
➢ "Disagree ... "
This is where it all begins. How often at certain instances have you did hear
that "building confidence" is the goal of a growth and economic process?
However, this is incorrect: the purpose is to analyse data and make
quick judgement calls, not to persuade others.
You'll commit blunders from occasionally. You give public the choice to go
on record, record their opponents, and proceed on fast to aiding the group by
including "disagree" directly in the decision-making objective.
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Amazon wasn’t the first bookstore to sell online, but it wanted to be “Earth’s biggest.”
With a market value of roughly US$1.7 trillion, Amazon is the third most valuable
corporation in the United States, behind Apple and Microsoft. Its market capitalisation
is bigger than the gross domestic product of all but a dozen or so countries. (How Jeff
Bezos and Amazon changed the world, 2022)
I. Redefining Retail
Amazon, named after the world's largest river, has consistently improved shopping
convenience. Shoppers had to go to stores to explore and buy products before Amazon
was founded on July 5, 1994. Shopping used to be a chore: scouring many aisles for a
desired item, dealing with crying and demanding children, and standing in long
checkout lines. Today's retailers attempt to reach out to customers anywhere, at any
time, and via a variety of channels and devices. (How Jeff Bezos and Amazon changed
the world, 2022)
Shoppers began to expect two-day free shipping from every online merchant after first
experiencing it through Amazon's Prime membership program. In the United States, an
estimated 142 million people shop.
One-click ordering, tailored suggestions, parcel collection at Amazon hubs and lockers,
ordering products with a single push of a Dash button, and in-home delivery with
Amazon Key are all features that have made shopping easier.
Amazon has also played a role in the increasing closures of brick-and-mortar
establishments that are unable to keep up with the changing retail landscape. Stores
were closing at an alarming rate even before the pandemic, with pundits forecasting a
"retail apocalypse" on the horizon. Last year, Amazon benefited greatly when most of
the United States was put under lockdown, and more people decided to acquire items
online rather than risk their health by going to real stores. (How Jeff Bezos and Amazon
changed the world, 2022)
Even as over 11,000 retail outlets closed their doors, Amazon's stock price has nearly
doubled since the lockdown began in March 2020.
Amazon's influence extends to other areas, such as smart consumer gadgets such as
Alexa, cloud services such as Amazon Web Services, and technology items such as
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drones.Amazon is now the second-largest publicly traded company in the United States
and the fifth-largest in the world. It employs 1.2 million people, with 427,000 of them
hired during the pandemic. It's no surprise that when Amazon held a competition to find
a location for its second headquarters in 2018, it made quite a stir. Arlington, Virginia
was chosen in the end.
The work culture at Amazon is demanding. It has a reputation for being a tough
workplace with a high percentage of employee burnout. It is automating as many jobs as
it can, mostly in the warehouse industry.
At the same time, in response to government criticism, Amazon increased the minimum
pay for its U.S. employees to $15 per hour in 2018.
Faced with increased criticism over the environmental impact of Amazon's boxes and
other packaging materials, the company has vowed to provide more information about
its environmental impact. (Murphy Jr., 2018)
Jeff Bezos, the Founder of Amazon, has dedicated over half of his life creating and
innovating e-commerce, and he's still the world's fifth richest person in the world. When
Amazon came out publicly in 1998, his worldview, which enabled him turn the online
marketplace into a Goliath with a present market valuation of approximately $380
billion, may be derived from his statements to investors. No American business owner,
aside from Warren Buffett, CEO and chairman of Berkshire Hathaway, stuff and things
his yearly statements to investors with more financial insight than Jeff Bezos, who is
still 53 years of age.
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JEFF BEZOS - CEO AMAZON
Bezos proves the argument that technology companies are particularly obsessed with
rival companies: They stand to watch what opponents offer, then strive to replicate or
one-up it. Rather than, Amazon developed its Amazon Web Services (AWS) division
by understanding customer needs. AWS was created to address the issues with too-
expensive in-house program servers and fully accessible offerings that were not even
powerful enough to handle fast-growing or already-large businesses"Many firms
pretend to be consumer, but so few try to follow through," says AWS, that has evolved
to be a $10 billion corporation.The majority of large technological firms are
concentrated on their competitors. They watch what everyone else is doing then try to
catch up," he stated in a response letter 2015.
The overall message: In order to stay ahead of the competition, one must innovate for
self.
Everything just took three efforts for Amazon to establish itself as a retailing and
fulfillment network. It started with Amazon Auction sites, which is essentially a carbon
copy of the idea which placed eBay on the globe. This evolved into zShops, and then
into Amazon Marketplace, that now accounts for approximately half of all Amazon.com
sales. "If you have a 10% possibility of victory 100 times your investment, you must
take that gamble each moment," Jeff Bezos stated in his first yearly statement (1997).
The overall message: Execute daring investing decisions instead of cautious ones. You'll
gain something because things do not really function properly out for next time
Bezos had 614 workforce since he addressed anything in the first Amazon yearly
statement, up over 158 a year before. It currently employs 230,000 people and expects
to recruit 100,000 full-time workers within next 18 months. The utilization of stock
grants in recruitment has become a critical part of the strategy. In the 1997 message,
Bezos stated, "We shall keep focusing on recruiting and maintaining adaptable and
talented workers, and we will maintain to measure their remuneration to stock grants
instead of liquid assets." "We recognize that our efforts to bring and keep a passionate
personnel group, each who must behave like, and hence should be, an owner, will be
incredibly valuable."
The overall message: Offer employees a share in the organization's growth, whether
through equity, rewards, or benefit sharing.′′.
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JEFF BEZOS - CEO AMAZON
As befits a corporation which has made only a decent profit, or a deficit, under globally
acknowledged accounting rules for the majority of its tenure as a publicly listed
company, Amazon's atmosphere is infamously fast-paced and premium. "We don't ever
pretend that our approach is most appropriate — only that it would be genuine," Bezos
clearly mentioned in 2015
The overall Message: A company's objectives do not have to be the same. The goal is to
focus on just few key points, emphasize them frequently, and ensure everyone else is on
board.
According to Bezos, there really are two strategies that can be employed: He
distinguishes between irreparable defining moments that top officials must be part in
and a greater group of strategic moves that a corporation might revert if it problem
occurs, which he refers to as "Type 2 policy choices.""Excellent perception personnel or
small communities may and thus should make Type 2 policy choices quickly,"," Bezos
added in the 2015 statement. Recession and risks fear are the final results, he stated.
Company has been able to cultivate even itself out fits like Amazon Prime Video,
whereby the firm attributes for fueling both Amazon Prime and, consequently, the
group ’s core business investment.
The overall message: Push power down low inside the corporation to continue
inventing. (Mullaney, 2017)
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7. Conclusion
Visionary Unconventional
Innovative Demanding
Inspirational Relentless
Beliver Strategic
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8. Bibliographgy
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them/ [Accessed 12 February 2022].
13. Moneycontrol. 2022. How Jeff Bezos and Amazon changed the world. [online]
Available at: https://www.moneycontrol.com/news/business/how-jeff-bezos-
and-amazon-changed-the-world-6445011.html [Accessed 12 February 2022].
14. Bohatala.com. 2022. Jeff Bezos Leadership Style and Management Analysis.
[online] Available at: https://bohatala.com/jeff-bezos-leadership-style/
[Accessed 10 February 2022].
15. GOBankingRates. 2022. Jeff Bezos’ Most Outrageous Business Failures.
[online] Available at: https://www.gobankingrates.com/money/business/jeff-
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JEFF BEZOS - CEO AMAZON
We hereby declare that the work for this research project was solely undertaken by me
and that no help was provided from other sources than those allowed. All sections of the
report that use quotes or describe an argument or concept developed by another author
have been referenced, including all secondary literature used.
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