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21 Aug 09

Tips on Innovation & Entrepreneurship From Jeff Bezos

Listening 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.”
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.
- People overemphasize their failures when trying something new. Actually failure is not that expensive and it’s part of work

18 Jan 09

Eli Lilly On What's Next In Cloud Computing - Plug Into The Cloud - InformationWeek

Eli Lilly uses Amazon Web Services and other cloud services to provide high-performance computing, as needed, to hundreds of its scientists. With AWS, Powers said, a new server can be up and running in three minutes (it used to take Eli Lilly seven and a half weeks to deploy a server internally) and a 64-node Linux cluster can be online in five minutes (compared with three months internally). "The deployment time is really what impressed us," Powers said. "It's just shy of instantaneous."

www.informationweek.com/...whats_next_in_t.html - Preview

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