Amazon is by far the most innovative fastest moving company I have interacted with. They are more nimble than companies 1/1000th their size, including my own! One business professor attempts to explain some of what they do to remain at "Day 1":https://www.forbes.com/sites/innovatorsdna/2017/08/08/how-does-amazon-stay-at-day-one/#3a3a78fa7e4d …
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- New projects require a 1 page press release and a 6 page FAQ BEFORE they are commenced - Once decisions are made, everyone must get behind it - New projects are a two way door (you can give up!) - Projects have one owner and that owner has one projectpic.twitter.com/JgkrQbPhrd
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The teams responsible will come back to their press releases often to ensure they have kept their focus on the value they promised to the customer. They are also living documents - they change as the facts do. https://www.quora.com/What-is-Amazons-approach-to-product-development-and-product-management?ref=http://www.product-frameworks.com/ …pic.twitter.com/1xs75U76jJ
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Bezos made a company-wide policy to keep teams small to reduce wasteful communication and increase accountability (I'm guessing here). Do you know of other ways Amazon stays fast, lean, and inventive? Would love to learn more. Comment!pic.twitter.com/JkGYa2KS0Z
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Molson Hart Retweeted David Short
Great addition:https://twitter.com/davidgshort/status/1206336662973886465 …
Molson Hart added,
David Short @davidgshortReplying to @Molson_HartI’m sure you know this one / it’s probably mentioned in the article (will read on flight about to take off) but memo focused meeting culture. Everyone reads the memo at the beginning of the meeting, then the discussion takes place. Avoids the uncertainty of who did the prereading1 reply 0 retweets 0 likesShow this thread -
I've been trying to craft a single page document which fully explains how Amazon, a huge company, is able to be so fast and nimble.pic.twitter.com/aJLVp0p9Qt
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Replying to @Molson_Hart
Not handing off problem solving to other teams is huge. Best way to learn anything is by having to correct fuck ups, especially if it’s out of your depth.
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And knowing that you'll have to deal with the consequences of poor work, incentivizes you to do good work.
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