Notes from a presentation by Amazon CEO Jeff Bezos
May 15th, 2008 by admin
Jeff Bezos is the highly successful CEO of Amazon.com and a multibillionaire.
Josh Wand took notes from a presentation by Mr. Bezos at the NYU Stern School of Business. The entire notes are located here:
http://joshwand.backpackit.com/pub/1452859
Some great quotes/paraphrases:
Decisions that can be made with math are great—there’s a right answer.
We make money when we help [customers] make purchase decisions.
Customer-first orientation requires that investors take a long-term perspective.
Long term, customers and investors interests are aligned.
Look at current customers—what do they need? customer-needs-focused form of strategy generation.
Close following is a perfectly acceptable business strategy—let others go down blind alleys, and when someone finds something, double down on it.. but it doesn’t work that well in a fast moving industry.
Q: helicopter crash, near death experience—how has it influenced you?
A: …no big change – it was traumatic… makes you pause, think if you’re doing what you love.. but for me, I was already doing what I love
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