Wednesday, March 14, 2018

Jeff Bezos the first official CentiBillionaire & Amazon 14 Principles of Success

Jeff Bezos the first official CentiBillionaire.
Jeff Bezos the first official CentiBillionaire

As you may know Amazon Jeff Bezos officially became the first Centi-Billionaire with a $130.5 Billion net worth.

Right now, Jeff Bezos is making $231,000 a minute, $10 Billion a month.

As mentioned on Wikipedia, 

  • On July 27, 2017, Jeff Bezos briefly became the world's wealthiest person when he accumulated an estimated net worth of just over $90 Billion. 
  • On November 24, 2017, Jeff Bezos' wealth surpassed $100 Billion for the first time after Amazon's share price increased by more than 2.5%. 
  • On March 6, 2018, Jeff Bezos was formally designated the wealthiest person in the world with a registered net worth of $112 Billion by Forbes, becoming the first Centi-Billionaire.
  • As of March 14, 2018, Jeff Bezos has an estimated net worth of $130.5 Billion, and is contended to be on track to become the wealthiest person in contemporary history.


Here below are the 14 Principles of taken directly from the Amazon website.
Read attentively since these 14 Principles are a Blueprint to $ucce$$. 14 Principles of success

Our Leadership Principles

Our Leadership Principles aren't just a pretty inspirational wall hanging. These Principles work hard, just like we do. Amazonians use them, every day, whether they're discussing ideas for new projects, deciding on the best solution for a customer's problem, or interviewing candidates. It's just one of the things that makes Amazon peculiar.
  • 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.
  • Ownership
  • 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."
  • 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." As 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 business judgment and good instincts. They seek diverse perspectives and work to disconfirm their beliefs.
  • Hire and Develop the Best
  • Leaders raise the performance bar with every hire and promotion. They recognize exceptional talent, and willingly move them throughout the organization. Leaders develop leaders and take seriously 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.
  • Think Big
  • 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.
  • Frugality
  • Accomplish more with less. Constraints breed resourcefulness, self-sufficiency and invention. There are no extra points for growing headcount, budget size, or fixed expense.
  • 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.
  • Earn Trust
  • 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 odor smells of perfume. They benchmark themselves and their teams against the best.
  • Dive Deep
  • Leaders operate at all levels, stay connected to the details, audit frequently, and are skeptical 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.
  • Deliver Results
  • 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 settle.

    Customer obsession may be the most important of this bunch. In practice, it translates, as Bezos noted in a recent conference appearance, to three elements: 
    • low prices, 
    • convenient shipping, 
    • and unlimited selection.

    Other interesting sources:

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