Monday, April 24, 2017

Bezos' Principles for Success

Recently, Jeff Bezos released his annual letter to shareholders and it it he defined why it will always be "day 1" at Amazon.  In order to ensure that determination, he also outlined a few management principles which he believes are critical for the continued success of the company. 

These are:
  • Operate a high-velocity decision making environment
  • Recognize it is preferable to decide when only partial (70%) truth is known
  • Appreciate that a boss or team member can disagree but must commit when decisions are taken 
  • Recognize true misalignment issues early and escalate them immediately
Read the whole letter here.

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