Smart Things Jeff Bezos Has Said
11. “The framework I found, which made the decision [to start Amazon in 1994] incredibly easy, was what I called a regret minimization framework. I wanted to project myself forward to age 80 and say, I looking back on my life. I want to minimize the number of regrets I have. And I knew that when I was 80, high quality designer replica handbags I was not going to regret having tried this. I was not going to regret trying to participate in this thing called the Perfect Quality Louis Vuitton Replica Internet that I thought was going to be a really big deal. I knew that if I failed, I wouldn regret that. But I knew the one thing I might replica louis vuitton bags from china regret is not ever having tried. I knew that that would haunt me every day.”Amen. “I very frequently get the question: going to change in the next 10 years? And that is a very interesting question; it a very common one. I almost never get the cheap replica handbags question: not going to change in the next 10 years? And I submit to you that that second question is actually the more important of the two because cheap louis vuitton bags from china you can build a business strategy around the things that are stable in time.. [I]n our retail business, we know that customers want low prices, and I know that going to be true 10 years from now. They want fast delivery; they want vast selection. It impossible to imagine a future 10 years from now where a customer comes up and says, I love Amazon; I just wish the prices were a little higher, [or] love Amazon; I just wish you deliver a little more slowly. Impossible. And so the effort we put into those things, spinning those things up, we know the energy we put into it today will still be paying off dividends for our customers 10 years from now.
Bezos is a contender for the best manager of my generation. That being said louis vuitton copy bags uk , don take these statements as 1:1 replica handbags absolute truths. Louis Vuitton purses must be expensive, it part of their “contract” Discount Replica Louis Vuitton Bags with their customers. “There are two kinds of companies: Those that work to try to charge more and those that work to charge less. He my ideal CEO: long term oriented, customer focused, innovation driven. There are faults at Amazon, but in the grand scheme of things, Amazon is a great feat in itself.
The one I admire the most is from a previous generation: Amancio Ortega, from Inditex. The innovations in logistics by Inditex are amazing. As for current(ish), and with a heavy skew towards IT, my list would be, in no particular order: Bill Gates, for MS strategy during the 90s. Evil and Borg esque but ultra effective. Steve Jobs, for Pixar and the early 00s turnaround at Apple. Elon Musk, not so much for co founding PayPal, but rather because of TeslaNow that I at it, let me nominate the worst CEO: Eric Schmidt. Title earned for destroying engineer culture at three great companies: Novell, Sun and Google. Novell and Sun tanked, Google will be the first to survive Schmidt effects, albeit scarred. There are financially worse CEOs, but Schmidt attacked companies that I particularly liked with the same repeat effects.
Radioactive RAM chips, costing Sun billions, played a part.”When Sun folks get together and bullshit about their theories of why Sun died, the one that comes up most often is another one of these supplier disasters. Towards the end of the DotCom bubble, we introduced the UltraSPARC II. Total killer product for large datacenters. We sold lots. But then reports started coming in of odd failures.”http: hated Novell with the passion of a Fake Louis Vuitton Replica Bags billion burning novas. As only a NetWare admin could.
Nevertheless, all three companies he led had engineer driven management, with the kind of ad hoc innovation culture typical of engineering companies, before Schmidt, all three became business focused and narrow minded after Schmidt. No, I don think Google will financially collapse. Not while there is no strong competition on the AdWords space. The change in culture is pretty obvious, though. More wood behind fewer arrows, big push on G+, more shutdowns, more constraints on 20% time, etc. (. although I have no personal experience of Google under Schmidt)For another thing, if Sergey is engaged in anything other than his (awesome!) blue sky projects in X, he puts a lot of work into hiding it. Seriously. Don get me wrong, I willing to give him a thumbs up, if he going to keep putting his capital (financial, social, and political) into socially transformative projects. X is a tiny fraction of engineers, and as such it not clear what it has to do with “bringing in top engineers”. I Fake Louis Vuitton Replica Bags mean, unless you mean “bringing in top engineers and preventing them from working on money making projects”. I long GOOG, and I think X is awesome, and I think Google is still doing more good than harm. But I believe these in spite of the other stuff I mentioned here, not because of “original founders who remain extremely engaged”, especially in the context of sergiosgc comments.
>>And also, btw, it mostly within the Mountain View office complex.
I know that, my main point is that they aren part of the Google that most people see.>>Also, you seem a little confused about X. X is a tiny fraction of engineers, and as such it not clear what it has to do with “bringing in top engineers”.
I also aware of this. Being a tiny fraction of engineers shouldn preclude it from bringing in top engineers, correct? Top engineers are a tiny fraction of engineers in the total population, so this seems like a good sign to me.>>if Sergey is engaged in anything other than his (awesome!) blue sky projects in X, he puts a lot of work into hiding it
Again, I don think this is necessarily a bad thing. I don disagree that Google is no longer the engineering paradise company wide that it used to be. However, you high quality designer replica handbags wholesale worry about not having engineers on money making projects. I disagree that the X lab is not a money making project. They don have revenue goals and targets in the way that most places would, but I can imagine something better for Google long term bottom line than things like Project Loon being successful, or becoming the first mover in the self driving car world.>>For one thing, most of the complaining about the (relative) decline in engineer centric culture at Google has happened since, oh, about six months after Larry returned to the CEO position.
You may be right about this. I don totally know. I do know that Eric Schmidt doesn have Larry credibility as an engineer, and this original thread was about Schmidt destruction of engineering culture, not Larry For all the worry about the reduction in 20% time and all the stuff that Google does that drives me nuts (G+, shutting down Reader that one still hurts), they still have the X lab working on moon shots being driven by a founder. Come to think of it, the X lab may have replaced 20% time as Google innovation lab (not saying I agree with that, there is a place for innovation and improvements in non moonshots too, this is just a thought I had as I wrote this out).
It certainly a strategy, just not one that appeals to me, or (I imagine) to most of the readership of this site. Essentially Bezos is saying “your desire to make money is a weakness, and we going to beat you by being cheaper than you.” If you can wring out all profits, then no other players in the industry can afford to invest, which validates the strategy. Even employees become not an asset, but an obstacle to greater cheapness. Per Steve Yegge, Bezos reportedly said on multiple occasions that people should be paying him to work at Amazon. There your endgame!Here another brutal, but far more appealing strategy: “Your lack of vision, imagination, and agility is my opportunity.” Execute it properly, and you revolutionize the industry instead of commoditizing it. Even so, it took many years after that to regain its luster. The iMac looked shiny in some circles, but most technically minded people I knew thought it was stupid. Other people became interested in 2003 or so. Either replica louis vuitton bags way, Apple shine is around 10 years old, and is starting to fade already.
I agree with most of what you said. However, don you think that we should wait a few more years before determining whether or not Steve set up any precautions or learned from Apple mistakes the first time around?Apple second wind is also correlated with the amount of influence that Jonathan Ive has had at Apple, which as we know is higher than ever right now.
If people reactions to iOS7, and the keynote 1:1 replica handbags , are anything to go by, you could possibly argue that their pursuit of has overtaken their pursuit of innovation and novelty, which now makes it look like they playing catchup with other companies.
Like I said, I don necessarily agree with it, but it just bad news that it being said in the first place. I don think many people on HN would have belittled Apple design strengths over the last decade. I was rabidly anti Apple myself, while still admitting that they knew what they were doing design wise.
I found it very interesting, but this quote stood out in a bad way:”If you long term oriented www.dolabuy.su , customer interests and shareholder interests are aligned.”This statement smelled like bullshit since large successful corporations don tend to be incredibly ethical. And it a radically different question indeed, because Bezo statement completely ignores employees. Yes, there is tremendous pressure to deliver consumer and shareholder value, but there is no pressure to deliver value to the kind of disposable workforce that Amazon needs. It can possibly be all rainbows and candy.