Obliteration wander12/24/2022 In web services, clean energy, and so many other spaces Amazon and Bezos hold the potential to help more by controlling less and empowering others with more competitive multiple points of focus the world needs. Spur on the innovation in green power and alternative vehicles, not just by buying 100,000 Rivian vehicles for Amazon: boldly go further and help the world by spinning out a focused entity to deliver 1,000,000 electric vehicles a year to consumers and other businesses. Unlock the captive value of Whole Foods by thinking how to help spawn a focused lower cost healthy grocery options to offer more people more affordable organic foods. And in so splitting and multiplying this would enable more innovation and competition in multiple industry verticals and geographies. He could do it on his own terms before regulators one day inevitably force his hand: that would begin day two. Bezos and his teams could choose to break Amazon into 10 (or 34) smaller companies. Jeff should boldy act to unlock value for customers, shareholders, and employees: split the pie and everybody wins. Instead of waiting for the US Court, executives or legislators, or the EU, or India, or other world powers to one-day intervene, just do it. Here is where the games can diverge: Jeff Bezos can, and should, decide to again Invent & Wander. At 1.6 trillion in market value and 1.1 million employees Amazon has no equal. Many of these are companies that have thrived for a century now and ones we still know like Chevron, Exxon, Texaco, Marathon Oil, and BP among others. In 1911 it took the US Supreme Court to intervene and ultimately break up Standard Oil into 34 smaller companies. An interesting game that few have the money or market dominance to execute. Rockefeller won by a strategy of horizontal domination, selling below cost in many cases to beat competitors and consolidating his winnings in adjacent markets. John D Rockefeller also won and his relative wealth in his day was three times that of Bezos's today. Winning, however, is not the goal: a better world is. For pioneering he deserves our thanks and applause, his humility as the son of a high-school mom and immigrant dad shine through. He has helped create something that most everyone with an internet account has used to conveniently enjoy the wonders of ecommerce and web services (he even owns Goodreads here, kudos). With Amazon at 1.6 trillion dollars and Bezos the richest man on earth there is no disputing that Jeff Bezos wins many prizes. Everyone from CEOs of the Fortune 100 to entrepreneurs just setting up shop to the millions who use Amazon's products and services in their homes or businesses will come to understand the principles that have driven the success of one of the most important innovators of our time. Written in a direct, down-to-earth style, Invent and Wander offers listeners a master class in business values, strategy, and execution.Įach insight offers new ways of thinking through today's challenges - and more importantly, tomorrow's - and the never-ending urgency of striving ahead, never resting on one's laurels. Spanning a range of topics across business and public policy, from innovation and customer obsession to climate change and outer space, this book provides a rare glimpse into how Bezos thinks about the world and where the future might take us. In this collection of Jeff Bezos' writings - his unique and strikingly original annual shareholder letters, plus numerous speeches and interviews that provide insight into his background, his work, and the evolution of his ideas - you'll gain an insider's view of the why and how of his success. In Jeff Bezos' own words, the core principles and philosophy that have guided him in creating, building, and leading Amazon and Blue Origin.
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