Tips on Innovation & Enterprenuership from Jeff Bezos
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Saved by 6 people (0 private), first by anonymouse user on 2009-06-16
- Bertrandduperrin on 2009-08-21 - Tags innovation , amazon , jeffbzos , customers , failure
- Hutchcarpenter on 2009-08-20 - Tags amazon , bezos , innovation , management , ideas
- Lameei on 2009-06-20 - Tags no_tag
- Jbruck on 2009-06-18 - Tags Innovation , Lean Thinking , DesignBiz
- Joel on 2009-06-17 - Tags startups
Public Sticky notes
In describing change, Bezos said that rapid change is always scary for incumbents, but if you’re not an incumbent, you have nothing to lose. Large incumbents have to worry about legacy revenues. Innovation is hard for large companies because you need to be long-term oriented. And since the innovative projects are such a tiny part of a large company, there is tendency to be dismissive of the innovation.
Highlighted by jbruck
“You need a culture that high-fives small and innovative ideas and senior executives [that] encourage ideas,” he said. In order for innovative ideas to bear fruit, companies need to be willing to “wait for 5-7 years, and most companies don’t take that time horizon.”
Highlighted by bertrandduperrin
“Focusing on the customer makes a company more resilient,”
Highlighted by jbruck
His tip on managing during tough times such as those faced by Amazon during the bust was to communicate more with its employees.
Highlighted by jbruck
His tip on managing during tough times such as those faced by Amazon during the bust was to communicate more with its employees
Highlighted by bertrandduperrin
The trick to being an entrepreneur is to know when to be stubborn and when to be flexible: Be stubborn about the vision, but flexible about tactics
Highlighted by lameei
Be stubborn about the vision, but flexible about tactics,
Highlighted by jbruck
You need to think for the long term and be misunderstood for a long period of time.
Highlighted by jbruck
Bezos listed a few prerequisites for innovation and inventing, but the biggest one is willingness to fail. You need to think for the long term and be misunderstood for a long period of time. “If you can’t do those things, then you need to limit yourself to sustainable innovation.” In other words, seek incremental change to grow your business.
Highlighted by bertrandduperrin
People overemphasize their failures when trying something new. Actually failure is not that expensive and it’s part of work.
Highlighted by lameei
People overemphasize their failures when trying something new. Actually failure is not that expensive and it’s part of work
Highlighted by bertrandduperrin
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