“If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. On why Amazon forgoes profits for growth: “Amazon is not too big to fail … If we start to focus on ourselves, instead of focusing on our customers, that will be the beginning of the end … We have to try and delay that day for as long as possible.” I’m working on a quarter that’ll happen in 2021 right now.'” “Friends congratulate me after a quarterly-earnings announcement and say, ‘Good job, great quarter … And I’ll say, ‘Thank you, but that quarter was baked three years ago. It certainly matters online, where word-of-mouth is so very, very powerful.” “If there’s one reason we have done better than of our peers in the Internet space over the last six years, it is because we have focused like a laser on customer experience, and that really does matter, I think, in any business. Profitability is very important to us or we wouldn’t be in this business.” “We expect all our businesses to have a positive impact on our top and bottom lines. There is no physical analog for what is becoming.” “What we want to be is something completely new. “There are two kinds of companies, those that work to try to charge more and those that work to charge less.
So when I look at physical retail stores, it’s very well served, the people who operate physical retail stores are very good at it…the question we would always have before we would embark on such a thing is: What’s the idea? What would we do that would be different? How would it be better? We don’t want to just do things because we can do them…we don’t want to be redundant.” “One of the things we don’t do very well at Amazon is a me-too product offering. “We’ve had three big ideas at Amazon that we’ve stuck with for 18 years, and they’re the reason we’re successful: Put the customer first.
#Dumb quotes database plus
Here are our favorite Jeff Bezos quotes to channel a little badassery into your work day. There’s no denying it, Jeff Bezos is an absolute badass.
Jeff Bezos started Amazon, which went from selling books to transforming into the Everything Store, providing web services, producing its own movies and starting its very own Prime Day.Īll true.Jeff Bezos’s company owns 47% of the US eCommerce market but has no profits (the revenue is reinvested for market share).Jeff Bezos hates Powerpoint, and holds meetings with silence and reading.The man is almost a legend now, but can you tell Fact from Fiction in these Jeff Bezos Factoids? We sometimes forget that Bezos also started Amazon, Amazon Web Services, Blue Origin and acquired (among others) The Washington Post and Whole Foods.Īlong the way, he found time to revolutionise eCommerce, logistics and the publishing industry (via closing bookstores and launching eBooks/Kindle publishing). Let’s peek into the brain of this demanding, brilliant, temperamental man, with his best quotes. The man drops some really inspirational lines too. Jeff Bezos, valued at a net worth of $109 billion, is known as one of the world’s richest men.
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