Some Valuable Lessons From Amazon (One of The Most Innovative Companies)

"One of the only ways to get out of a tight box is to invent your way out." – Jeff Bezos

Amazon is one of the most innovative companies in the world.

Here are some lessons I am learning:

1. Leadership principles

Amazon's work culture is centered around effectiveness and innovation. Its leadership principles define and shape its culture.

2. Customer obsession

“Leaders start with the customer and work backwards. They work vigorously to earn and keep customer trust. Although leaders pay attention to competitors, they obsess over customers.”

3. Working backward

“Done correctly, the Working Backwards process is a huge amount of work. But, it saves you even more work later. The Working Backwards process is not designed to be easy, it’s designed to save huge amounts of work on the backend, and to make sure we’re actually building the right thing.” Jeff Bezos

4. Successful failure

Amazon lost $178 million on its failed Fire Phone but used what it learned to launch the Kindle. Leadership encourages risk-taking and learning from failures.

5. It is always day one

The moment you stop pushing yourself to be the best, your growth stops. Amazon stays up to date on trends, competition, and consumer habits to maintain the startup mindset and takes advantage of emerging technologies.




6. Think big

Amazon started out as an online bookstore but quickly expanded into other areas such as e-commerce and cloud computing.