Early on Bezos brought an empty chair into meetings so … He encourages his team to invent and at the same time be resourceful. Like any company, Amazon must have experienced countless struggles behind the scenes. How many leaders are actually demonstrating these leadership principles? I am inspired by this — I hope you are too! Having a long-term view gives you an advantage over your competitors because you put yourself in a different playing field. Speed matters in business. — Jeff Bezos, "The most important single thing is to focus obsessively on the customer. ImportantIt’s important to remember why your organization exists and the value it adds to the lives of your customers. People with prominent roles at Amazon are supposed to see talent, productivity, and dedication with workers and assign them with positions where they best fit and benefit Amazon. But there is one that “surprises people,” according to Jeff Bezos — it’s Amazon’s fourth leadership principle… They seek diverse perspectives and work to disconfirm their beliefs. However, it does have the desired effect. Leaders are continually raising the bar and driving their teams to deliver high quality products, services and processes. Anyone who takes leadership must start with the customer and work backwards. Once you have set your vision, stay the course regardless of any difficulties and obstacles in your way. Read on to know everything about the Amazon leadership principles inspired by some of the most valuable leadership styles. Leaders raise the performance bar with every hire and promotion. It can lead to wise decision making especially regarding financial concerns. Jeff Bezos created one of the world’s most valuable companies and, in the process, became the world’s richest person. There are no extra points for growing headcount, budget size, or fixed expense. Accomplish more with less. Leaders have relentlessly high standards -; many people may think these standards are unreasonably high. These leaders set the bar high, then they constantly raise it. This is the reason, Moderna designed a covid-19 vaccine in just two days thanks to mRNA technology, 4 Future Trends That Represent Massive Opportunity, Tony Hsieh, tycoon and online commerce guru, dies at 46 in house fire, Connecting Employees Through Holiday Parties, 2020-Style, Hawaii seeks to be seen as a remote workplace with a view. The idea itself instilled employees to get obsessed with the user, which attributes to the success of Amazon. Amazon has taken a lot of risks, and not all of them have paid off. Leaders are always seeking options as well as looking for ways to explore them. Instead of considering where you and your organization will be in few years, look forward further? Bezos realized early on that high-velocity decisions (Principle 7) are much easier within small teams that have been given the responsibility and authority to move a particular aspect of a larger project forward. To thrive in the business, great entrepreneurs never get tired trying new things and exploring to come up with better products and new offerings. Jeff Bezos is a bit of a perfectionist. Jeff Bezos leadership style always puts his customers at the top. WarningJeff Bezos is known for sending the ‘Question Mark’. These leadership principles are game-changers as they cover everything from team dynamics to the culture of the business. They are curious about new possibilities and act to explore them. Once a decision is determined, they commit wholly. Leaders operate at all levels, stay connected to the details, audit frequently, and are skeptical when metrics and anecdote differ. So each of these issues are continually addressed, even to the smallest detail. Probably, These 5 major gym chains still make it annoyingly hard to quit. They act on behalf of the entire company, beyond just their own team. Super successful Amazon has and operates by its own set of leadership principles--a set of principles referred to during company decision-making, problem-solving, simple brainstorming, and even hiring. Customers should come first to the point of obsessing over them. If you enjoyed reading this article about Jeff Bezos Leadership Style & Principles, please share. Amazon learned that customers hate delays, defects, and out-of-stock products. They benchmark themselves and their teams against the best. Jeff Bezos Leadership Style & Principles In The Spotlight. If you want to know more or withdraw your consent to all or some of the cookies, please refer to the cookie policy. Amazon famously has 14 leadership principles that are part of the company’s ethos. Use This Time To Rest, Rejuvenate, And Reframe Your Business Strategy, Cannabis Industry Expects A Green Christmas, How Small Businesses Can Survive The Growing Pandemic, Problems downloading Google apps on your Huawei smartphone? When Jeff Bezos started Amazon in 1994, it was not very easy because by the time, he knew the importance of the Internet and the role it will play in the lives of people. Whether you're interviewing for a job at Amazon--or crafting a list of values for your own business--check out the 14 leadership principles Amazon workers refer to on a daily basis: Leaders start with the customer and work backwards. Leaders are owners. Our goal is to be earth’s most customer-centric company." Selling lipstick, tractor seats, e-book readers and data storage... 2.“Obsess over customers.”. And if you’re not flexible, you’ll pound your head against the wall and you won’t see a different solution to a problem you’re trying to solve." From employees to all stakeholders, everyone understands the science behind the vision.