...Lessons learned From Jeff Bezos Jeff Bezos is an excellent leader who is responsible for the rise and growth of Amazon in the world of e-commerce. One of the important lessons to learn from his leadership is that knowledge and intelligence are fundamental to become a good leader. Jeff Bezos focuses mainly on customer needs and continuously tries to enhance the customer experience, hence it took almost an year to develop the customer friendly Amazon website and another three months to test it. He is widely respected in the company for his knowledge and technical expertise. For instance, he pointed out all the key problems in a report presented to him by a supply chain manager in a matter of few minutes which surprised everyone present. One of the most important thing to have as a leader is to possess the ability and knowledge that matches your position. A leader should have the vision, courage and ability to lead the company successfully and moreover should command the respect of his employees. The key lesson to learn from Jeff Bezos is that knowledge and intelligence define a leader and before one becomes a leader he should work hard to acquire the necessary knowledge and possess the ability required to lead others. Besides a numbers of merits, there are also several areas where Jeff Bezos was an ineffective leader. Bezos not giving importance to his employees and being tough on them are some of his mistakes as a leader. It can learnt that it is very important for a leader...
Words: 407 - Pages: 2
...Introduction Jeffrey Preston "Jeff" Bezos is an American business magnate and investor. He is a technology entrepreneur who has played a key role in the growth of e-commerce as the founder and CEO of Amazon.com, an online merchant of books and later of a wide variety of products. Under his guidance, Amazon.com became the largest retailer on the World Wide Web and a top model for Internet sales. In 2013, Bezos purchased The Washington Post newspaper. Background Jeff Bezos was born on January 12, 1964, in Albuquerque, New Mexico, to a teenage mother, Jacklyn Gise Jorgensen, and his biological father, Ted Jorgensen. Bezos's parents were married less than a year, and when Bezos was four years old his mother married his step-father Mike Bezos, a Cuban immigrant. As a child, Jeff Bezos showed an early interest in how things work, turning his parents' garage into a laboratory and rigging electrical contraptions around his house. As a teenager, his family moved to Miami where he developed a love for computers and excelled in school, becoming the valedictorian of his class. While in high school, he attended the Student Science Training Program at the University of Florida, receiving a Silver Knight Award in 1982. In high school, he also started his first business, the Dream Institute, an educational summer camp for fourth, fifth and sixth graders. Bezos pursued his interest in computers at Princeton University, where he graduated summa cum laude in 1986 with a Bachelor of Science...
Words: 2627 - Pages: 11
...Jeff Bezos, Amazon.com Jeff Bezos, the leader, had a wide set of values that he obviously followed in all the different decisions he took. The clearest ones are that he is creative, ambitious, broad minded, adventurous, courageous, intellectual and helpful. He has been creative as he thought out of the box and used some statistics about the internet usage rate along with the idea that books isn't a thing that people would need to see and try before buying to mix them together and start the all new idea of selling books online, and thus started a small company based on a dream from his house and then shifted to an office. That was clear in the Harvard business review quoting "Given the attributes of the product and the structure of the supply chain, a no bricks retailer could clearly make it and make it big!". along with creativity came ambition and adventure where his ambition took him a step at a time into new opportunities of renting storage spaces, and allowing bidders to jump in, and compare their prices, it made it clear to customers that Amazon cares a lot about them and wants for them the best bid generating more customer loyalty and satisfaction. He was an intellect when he needed to be one as clear in the Fortune magazine interview saying " he concocted a business plan" meaning he wasn’t all dreamy without facing reality, he also cared about figures and plans to guarantee the idea's success. Helpfulness also came along the way mentioning in the New York state university...
Words: 280 - Pages: 2
...2/21/2016 F11MANA3001 Jeff Bezos 104 Get your Wikispaces Classroom now: (https://www.wikispaces.com/t/y/classroomswitch/banner/1/) the easiest way to manage your class. Jeff Bezos 104 (/Jeff+Bezos+104) Edit 35 (/Jeff+Bezos+104#discussion) 25 (/page/history/Jeff+Bezos+104) … (/page/menu/Jeff+Bezos+104) Jeff Bezos It takes a lot of guts to leave the comforts of your stable job on Wall Street, then move your family halfway across the country and invest all of your parents’ life savings to start up a new business with merely a 10% chance of success. However, Jeffrey Preston Bezos, later wellknown as “Jeff” Bezos, decided to make the gamble. “I knew that if I failed I wouldn’t regret that, but I knew one thing I would regret is not trying.” With this philosophy in mind, Bezos created Amazon.com in 1995. Initially, Amazon was just an online bookstore. Over the years though, Amazon diversified its merchandizes and began to sell DVDs, videos, MP3 players, video games and electronics, etc. The humble business, which kicked off in Bezos’s garage, has become a giant online retailer today, shipping a vast range of products to customers around the world. The inspiration for Amazon sparked off when Bezos discovered an amazing phenomenon: internet usage was increasing by 2300% a year. This statistic set off an alarm in his head. He began to brainstorm ideas on how to build a business plan around this growing industry. After doing some research...
Words: 3474 - Pages: 14
...Jeff Bezos: Inventor of E-Commerce Biography of Jeffrey P. Bezos Chairman and CEO of Amazon.com Jeffrey P. Bezos was born on January 12, 1964 in Albuquerque, New Mexico. He displayed an outstanding mechanical aptitude, even from an early age. As a teenager, Jeffrey’s family moved to Miami, Florida. His love for computers started in his early high school years and eventually became valedictorian of his class. Furthering his education, he entered into Princeton University to study physics, but soon switched majors and graduated with a degree in computer science and electrical engineering. After graduation, Bezos started working on Wall Street for the start-up company, Fitel. After a few observations about the Internet and its trends, he decided to go out on his own and take a chance with his own company. With that, the well-known Amazon.com was born. Bezos should be looked at as an inspiration to not only other entrepreneurs out there, but to anyone who has a great idea and runs with it. Without Jeffrey’s intuition, determination, and exceptional knowledge about the Internet, Amazon.com might not be the great success that it is today. There was no Internet commerce to speak of still in 1994. One day Bezos noticed that the Internet usage was increasing by 2,300 percent a year. He saw an opportunity for a new sphere of business, and immediately began considering his possibilities. He knew the only way to seize the opportunity was to go into business for himself. He and...
Words: 767 - Pages: 4
...Jeff Bezos, founder of Amazon.com Life and work story of Jeff Bezos Career Pathways Period of Time Came to this new-established firm after graduate from university Fitel 1986 1990 Worked as a computer science specialist then pointed as a senior vice president D. E. Shaw & Co. 2013 Purchased the newspaper section for $250 million cash of TWP The Washington Post Introduced Amazon.com to public and successfully made $20,000 sales in a week and kept improving the site till now Amazon 1995 2007 Establish an aerospace company, which is aiming to build up human existence in outer space by developing new technology in space flight Blue Origin Jeff bezos was born in Albuquerque, New Mexico on 12th January 1964 with full name of Jeffrey Preston Bezos. He ever turned his parents’ garage into a laboratory and makes cordage of electrical contraptions around house. He pursued his interest by studying computer science and electrical engineering at Princeton University, New Jersey, United States. On that time, computer science was in high demand to study market trends. Being graduated from university, Bezos started to work in Fitel, new firm that tried to establish network for international trade. Then he was hired by D. E. Shaw & Co., a global investment firm based in New York City, America and shortly he became a senior vice president in 1990. On July 16, 1995, Bezos opened Amazon.com, named from the South American river which has endlessly...
Words: 1767 - Pages: 8
...Jeff Bezos is the founder and Chief Executive Officer of Amazon.com. Forbes named him as the 17th most powerful person in 2015, down from 16th in 2014 (The World's Most Powerful People). He is also listed as #4 in Forbes 400, #3 Richest in Tech, #15 Billionaires in the world, and #11 Billionaires in the United States for 2015 (The World’s Most Powerful People). His current net worth is listed as $49.2 billion and changes daily with stock prices (The World's Billionaires). Jeff Bezos founded Amazon in 1994 under the name of Cadabra and the name was changed a year later to Amazon (Amazon). Amazon began as an online bookstore based out of a garage. Bezos would drive orders to the post office for delivery each night after working his normal job. With the leadership of Jeff Bezos, Amazon has grown to the largest online retailer in the United States (Amazon). Leadership Style Jeff Bezos has multiple leadership styles. This is important as the leader of a company worth more than $175 billion (The World's Most Innovative Companies). Blanken (2013) explains that “if you’re leading well, you won’t have just one leadership style.” Jeff Bezos can be described as a “task-oriented transactional leader” (Sinha, 2015). Sinha (2015) defines a transactional leader as “one with rigorous benchmarks who is often uninterested in other people’s opinions.” Bezos is so different that other companies, such as Groupon, who have hired many former Amazon employees, have tried to use Bezos’s...
Words: 1955 - Pages: 8
...Inside Amazon’s Idea Machine: How Bezos Decodes the Customer Jeff Bezos is known for his customer-centric beliefs and his attention to business details. According to Anders (2013), he "is a notorious micromanager… an executive who wants to know about everything from contract details to how he is quoted in all Amazon press releases”. Jeff Bezos' Amazon.com is the world's largest internet retailer of any kind reporting more than $61 billion in 2012 sales (Anders, 2013). Based on an article published by Forbes in April 2013, this work identifies some of Jeff Bezos’ leadership traits and style that have influenced him to build Amazon into one of most profitable and most admired companies in the world. The article by George Anders (2013), contributor writer for Forbes, highlights how Amazon was transformed from an online bookstore to a giant Internet retailer, Bezos’ customer-centric strategies to figure out what his 164-million customers want and not his 56,000 employees, and how Amazon manages its “culture of metrics” in order to track its performance through about 500 measurable goals. Through Jeff Bezos’ greatest accomplishment of transforming Amazon from an online bookstore to a giant Internet retailer, this author can identify Bezos’ leadership traits, such as intelligence, self-confidence, determination, and integrity, within the framework of Trait Approach. The Trait Approach suggests that organizations will work better if the people in the managerial positions have designated...
Words: 943 - Pages: 4
...2. Don't give up information unless absolutely necessary. Amazon didn’t tell Melville House how many of its books were sold on the site. Amazon also stays mum on Kindle sales and won’t say how many employees it has in Seattle. Moreover, the floor where the Kindle team works at the Seattle headquarters is called Area 51, since you can't set foot there unless you're directly involved with the product. Bezos, it seems, likes to deliver information — and create Amazon's narrative — in his own way, such as his carefully crafted shareholder letters. 3. Keep teams small enough that members can be fed with two pizzas. Bezos is famous among management nerds for his Two Pizza Rule: No team should be larger than can be fed with two large pizzas. That means that task forces are limited to just five to seven people, allowing teams to test their ideas without too many onlookers, which guards against groupthink — one of Bezos’s pet peeves. Those tiny teams have led to big innovations, like the Gold Box deals, a popular promotion that gave customers limited-time deals. 4. Stop talking so much. At an off-site retreat in the early 2000s, word was going around that groups needed to communicate more. Bezos got up and said, "No, communication is terrible!" How could talking too much be a problem? Cross-team communication limits team independence and leads to people agreeing too much, he estimated, which stands in opposition to the creative conflict that defines Amazon's culture. 5. Get...
Words: 1155 - Pages: 5
...Jeff Harrison This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management paper. More to come. This is the beginning of my bio management...
Words: 867 - Pages: 4
...Read "A Case for Student Communication in Online Classes" One can still learn even if they do not take a part in the online discussion (Beaudoin 2002). Read-only participants: a case for student communication in online classes was done to show the other side of Beaudoin’s article, Learning or lurking? Tracking the “invisible” online student. Nagel, Blignaut, and Cronje wanted to show how successful students are when they take advantage with in an online community. In order for a student to be able to succeed in any online course, the student must contribute as often as possible. Over eight weeks,, a web only based course was given at the University of Pretoria. And every week the student would do research, participate in discussions, web artifacts and later do a group assignment (Nagel, Is this essay helpful? Upgrade your account to read more and access more than 550,000 just like it! get better grades Blignaut, & Cronje, 2009). Through these assignments, Nagel, Blignaut, and Cronje were able to see how each of the students was able to relay on one another for help, and also giving feed back. The final grades were based on, 10% from the discussion pose and the other 90% came from research posting, web artifacts, group assignments, peer review, and final essays assignment (Nagel et al.).Though the study was conducted on the base to find out how well a student would do by participating, they also looked at those who did not and those who semi participated. Students were put...
Words: 327 - Pages: 2
...E. Defintion of Terms Assess - to estimate officially the value of (property, income, etc.) as a basis for taxation. Critique - is an in-depth analysis of a work, where in the end different components of that work are given recommendations for improvement. Critiques are perhaps most popular in the working world. Colleague - is someone you work with at your job. When you are a teacher, the other teachers are your colleagues. When you work as a cashier at 7-11, the guy at the deli counter is your colleague as well. Comprise - to include or contain: The Soviet Union comprised several socialist republics. Phenomenon – a fact, occurrence, or circumstance observed or observable: to study the phenomena of nature. Publication - the act of publishing a book, periodical, map, piece of music, engraving, or the like. Retain - to keep possession of. Social – pertaining to, devoted to, or characterized by friendly companionship or relations: a social club. tend - To have the care of; watch over; look after: tend a child. Various - Being more than one; several. CHAPTER III Methodology The researcher gathered data from its respondents by using Analytical method on the data presented.We can use also use Descriptive Method because we have to describe every detail of gathering data. The questionnaires were given to thirty (30) selected students. They were asked to fll-up the survey forms in their most honest way. They were able to answer the ten (10) simple questions...
Words: 368 - Pages: 2
...84 Days of Succession A struggle of 84 days Just like any other day, I wake up, stroll into the kitchen, put the kettle on and set myself down on the toilet seat. After done with my business, I find myself in the lounge, sitting sideways on the sofa with a hot mug of tea in my hands. The lounge is barely furnished, just a sofa and a kitchen table placed adjacent to it. I light a cigarette and take a couple of sips and then a few drags. I'm good now, I'm awake. I look outside the window and find myself thinking of Jeffery. Jeffery is one of my flat mates. We are quiet close and have grown fond of each other during the past few years living together. We are never bored and have the most insane time when we are together, which sometimes leaves our third flat mate, Adam, feeling a little redundant, or at least that's what I think. Actually Adam is usually awfully busy doing God-know-what and he doesn't like the sort of games Jeffery and I play. The cigarette is finished but not my tea. I light another one. I always wake up before Jeffery. He must be still asleep in his room. Last night was fun, but not worth it, I find myself saying this more and more frequently then I should these days. You see even though my love for Jeffery flows in my very veins, and I will always love him, but Jeffery is a complete ass and he doesn't know what he is doing with his life and he needs to go! I better start studying before Jeffery wakes up, I say to...
Words: 287 - Pages: 2
...Jeff Church Co-Founder, NIKA Water Prompt 2: Wealth Creation A common trait I’ve noticed and admired with business owners, of both large and small sized entities, is versatility. The ability to swiftly move from one industry to the next, without any formal education in the subject matter. I’ve seen this firsthand with business owners in my own family, and most recently with Lyndon Rive of SolarCity whom we met last week (jumped from Health care -> Computer Software -> Energy), and now Jeff Church of NIKA Water. Entrepreneurs are successful in vastly diverse fields over their career because they clearly separate the notion of being a “businessman” vs. a subject matter expert. A CEO of a corporation does not necessarily need to know the technical details of how to manufacture a certain product, or how to write the software code for their tech startup, but rather needs to have the following: Coherent understanding of the problem the corporation is aiming to solve and how the company’s product/service addresses this problem Big-picture view of the closest competitors, their business model, and what works/what doesn’t Intellectual capability to learn the industry quickly and on the job A top-notch team, both managerial and technical From this, a CEO can formulate a business model and work with senior management and the technical team on execution. I strongly believe that an executive can, and does, learn “on the job”, and I argue that a PhD in XXX does not better equip...
Words: 605 - Pages: 3
...Background information Jeff Skoll is a philanthropist and social entrepreneur.Jeff Skoll was the first employee of the online auction Web site eBay.Skoll was born in Montreal, Quebec, Canada into a Jewish family,his mother a teacher and his father a chemical company owner who sold industrial chemicals.His dad came home one day with news that he had been diagnosed with cancer of the kidney..He vowed that he would never face the same dilemma, the realization that he had put his career ahead of his personal goals.He was inspired by Gandi and vowed to make the work a better place.At an early age he became a rich business man and began to devote his time to philanthropy, or donating large sums of his personal wealth to worthy charitable causes.He intended to become an author writing motivational books and books on tackling the world's problems.He graduated with a BASc with honors in 1987 from the University of Toronto's electrical engineering program. Leadership style Working to bring life to his vision of a sustainable world of peace and prosperity.Jeff Skoll is so committed to using his talent and resources to improve the lives of others.He has a desire to make a difference in the long-term issues facing humanity. He's demonstrates passion and trans formative thinking.Jeff has devoted his time and money in environment,education, economic development,health,and humanitarian efforts. Accomplishments He's trying to put a stop in child soldiers,land mines and nuclear weapons...
Words: 537 - Pages: 3
