Because the size of the team isn’t as important as the person who leads it. And whether that person has the time and authority to actually get the job done.
Amazon today announced that CEO and founder Jeff Bezos would transition out of his leadership role with the company and into an executive board position. Per a company memo first spotted by CNBC, Amazon intends Amazon Web Services CEO Andy Jassy to be Bezos’ replacement. The timing of the transition is interesting — that is to say, when you take into account the quickly-shifting political climate as the US moves from the Trump-era of Twitter beef between the POTUS and the richest man in the world to the more traditional presidency of Joe Biden. Questions still abound as to how the Biden… This story continues at The Next WebOr just read more coverage about: Amazon
Summary List PlacementAmazon’s 14 leadership principles, developed by founder and CEO Jeff Bezos, guide the company every day, on areas ranging from job interviews to new project ideas.
Bezos is now stepping down as CEO, and will be replaced by AWS CEO Andy Jassy in the third quarter. In a memo to Amazon staff Tuesday, Jassy reflected on what he’s learned from Bezos over the past 24 years — and many of those things are reflected in Amazon’s leadership principles.
These include customer obsession, the importance of inventing and curiosity, and the value of high standards, Jassy said.
Jassy could be under pressure to add a new principle to the mix, too. Last year, a group of employees organized an internal petition to get “inclusion” added to the company’s official leadership principles after sharing their own accounts of workplace discrimination, including racism and sexism.
These are the current 14 principles, and what Amazon has to say about them.
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.
Leaders are owners. They think long term and don’t sacrifice long-term value for short-term results. They act on behalf of the entire company, beyond just their own team. They never say “that’s not my job.”
Read more: We compared the leadership philosophies of Amazon CEO Jeff Bezos and Microsoft CEO Satya Nadella and it shows the major differences between the two companies
Invent and Simplify
Leaders expect and require innovation and invention from their teams and always find ways to simplify. They are externally aware, look for new ideas from everywhere, and are not limited by “not invented here.” Because we do new things, we accept that we may be misunderstood for long periods of time.
Are Right, A Lot
Leaders are right a lot. They have strong judgement and good instincts. They seek diverse perspectives and work to disconfirm their beliefs.
Learn and Be Curious
Leaders are never done learning and always seek to improve themselves. They are curious about new possibilities and act to explore them.
Hire and Develop the Best
Leaders raise the performance bar with every hire and promotion. They recognise people with exceptional talent and willingly move them throughout the organisation. Leaders develop leaders and are serious about their role in coaching others. We work on behalf of our people to invent mechanisms for development like Career Choice.
Insist on the Highest Standards
Leaders have relentlessly high standards — many people may think these standards are unreasonably high. Leaders are continually raising the bar and driving their teams to deliver high quality products, services, and processes. Leaders ensure that defects do not get sent down the line and that problems are fixed so they stay fixed.
Thinking small is a self-fulfilling prophecy. Leaders create and communicate a bold direction that inspires results. They think differently and look around corners for ways to serve customers.
Bias for Action
Speed matters in business. Many decisions and actions are reversible and do not need extensive study. We value calculated risk taking.
Accomplish more with less. Constraints breed resourcefulness, self-sufficiency and invention. There are no extra points for growing headcount, budget size, or fixed expense.
Leaders listen attentively, speak candidly, and treat others respectfully. They are vocally self-critical, even when doing so is awkward or embarrassing. Leaders do not believe their or their team’s body odour smells of perfume. They benchmark themselves and their teams against the best.
Leaders operate at all levels, stay connected to the details, audit frequently, and are sceptical when metrics and anecdote differ. No task is beneath them.
Have Backbone; Disagree and Commit
Leaders are obligated to respectfully challenge decisions when they disagree, even when doing so is uncomfortable or exhausting. Leaders have conviction and are tenacious. They do not compromise for the sake of social cohesion. Once a decision is determined, they commit wholly.
Leaders focus on the key inputs for their business and deliver them with the right quality and in a timely fashion. Despite setbacks, they rise to the occasion and never compromise.SEE ALSO: How to use the ‘CAR’ method to nail Amazon’s behavioral interview questions, according to a former senior recruiter
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Tesla’s Elon Musk and Amazon’s Jeff Bezos have been vying for the world’s richest person ranking all year after the former’s wealth soared a staggering US$160 billion in 2020, putting him briefly in the top spot. Musk isn’t alone in seeing a significant increase in wealth during a year of pandemic, recession, and death. Altogether, the world’s billionaires saw their wealth surge over $1.9 trillion in 2020, according to Forbes. Those are astronomical numbers, and it’s hard to get one’s head around them without some context. As anthropologists who study energy and consumer culture, we wanted to examine how all… This story continues at The Next Web
One of my favorite episodes of “The Office” is called Launch Party. During this episode, Dunder Mifflin hosts a corporate party, plus several satellite parties when its website launches. Hilarity ensues.
But during your corporate event, you probably don’t want to kidnap the pizza delivery person, and you might want to spell launch correctly on the sign.