This link has been bookmarked by 23 people . It was first bookmarked on 16 Jun 2009, by someone privately.
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01 Dec 10
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willingness to be wrong and his unflinching abhorrence of the status quo
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rapid change is always scary for incumbents, but if you’re not an incumbent, you have nothing to lose.
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“You need a culture that high-fives small and innovative ideas and senior executives [that] encourage ideas,”
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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.”
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“Focusing on the customer makes a company more resilient
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communicate more with its employees
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it’s important for companies to be talking with its people more often, easing their concerns.
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Be stubborn about the vision, but flexible about tactics
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seek incremental change to grow your business
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“We work backwards from customer needs.”
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People overemphasize their failures when trying something new. Actually failure is not that expensive and it’s part of work
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The focus, he said, should be on errors of omission. These are the chances not taken.
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21 Aug 09
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Bertrand DuperrinListening to Jeff Bezos, founder and chief executive officer of Amazon, is like going to startup school where you learn that failure is part of entrepreneurial growth. Whenever I have talked to Bezos in the past, the things that have stuck in my head have been his willingness to be wrong and his unflinching abhorrence of the status quo. At the Wired Business Conference in New York City, Bezos reiterated some of those points in a conversation with writer Steven Levy.
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“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.”
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His tip on managing during tough times such as those faced by Amazon during the bust was to communicate more with its employees
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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.
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People overemphasize their failures when trying something new. Actually failure is not that expensive and it’s part of work
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20 Aug 09
Hutch CarpenterInnovation 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.
“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.” -
18 Jun 09
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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.
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“Focusing on the customer makes a company more resilient,”
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His tip on managing during tough times such as those faced by Amazon during the bust was to communicate more with its employees.
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Be stubborn about the vision, but flexible about tactics,
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You need to think for the long term and be misunderstood for a long period of time.
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17 Jun 09
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16 Jun 09
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Paul KaneGood common sense tips from Jeff Bezos on Innovation in large organisations.
business innovation amazon entrepreneurship startups startup jeffbezos
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