Showing posts with label leadership. Show all posts
Showing posts with label leadership. Show all posts

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.

http://time.com/money/5192998/jeff-bezos-net-worth-2018-worlds-richest-man/



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.


Source: https://en.wikipedia.org/wiki/Jeff_Bezos




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


Amazon.com 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:

    Friday, November 11, 2016

    Pablo Escobar business secrets

    October 20, 2016 In Pop Culture              By Dolly Greenspan

    DRUG CARTEL INVENTIONS, WHAT WE LEARN FROM PABLO ESCOBAR


    Pablo Escobar, criminal kingpin, practically invented the drug cartel. In his prime, the notorious Colombian drug trafficker was worth $30 billion, making him one of the richest men in the world. All of his faults aside, those of us at World Patent Marketing had to give a nod to his successful business strategy. We wondered, what can we learn about drug cartel inventions and launching a new product from Pablo Escobar?
    What can entrpreneurs learn from drug cartel inventions?
    In many ways, becoming the "King of Coke" isn't all that different from becoming the King of the Snuggie, launched by World Patent Marketing's DRTV affiliate. Except for a couple of zeros, Snuggie wasn't quite as successful, it brought in $30 million, as opposed to Escobar's $30 billion. Nonetheless, the business strategy of launching new invention ideas isn't all that different.
    Thus, we bring you Pablo Escobar's four rules for drug cartel inventions (or any inventions for that matter).


    Pablo Escobar's Rules to Drug Cartel Inventions


    Rule 1 -- Build a Diverse Distribution Network

    A single distribution network is too fragile, too vulnerable to attack or failure, and also too small for nationwide penetration. This was of course particularly important to the criminal kingpin Escobar, as his illegal activities were always vulnerable to sudden interruption. He built a wide-reaching and multi-pronged invention distribution network that was inherently robust and efficient.
    Some drug cartel inventions involve delivery methods.
    In launching any new product, the wider and the more diverse the distribution system, the higher the odds of success. There are several reasons for this. For starters, when launching a new product or invention, there is lots of uncertainty. It is just impossible to predict precisely which market will respond most rapidly and yield the highest returns. The best plan to combat this challenge is an extensive network, which allows for testing in various markets.
    For instance, while one could sell almost any product on Amazon, this may not yield great results for every product. You may want to offer your product on this platform, as well as many other digital platforms. But you may also want to place the product physically in stores, offer it on DRTV, and make it available at public events like trade shows.
    CLICK FOR FREE INFO
    Pursuing multiple avenues gives your new product higher odds of success. Also, once the new product is launched successfully, the multi-channel distribution approach keeps it in front of more customers, with greater frequency. The goal is constant reinforcement that is robust and invulnerable to market shifts.


    Rule 2 -- Successful Drug Cartel Inventions Must...Blow Away the Competition

    Pablo Escobar may have had a tendency to take things too literally. In this case, we don't need to launch a special paramilitary hit squad on the competition, but you should try to bring the same ruthless attitude to the battle. In this case, the game is not about violence, but about quality.
    Your product has to be the best. Not in a marginal, let me show you this feature that youDrug cartel inventions can teach some basic rules of business. didn't notice or care about way, but in a real world obvious way.
    Half of winning the war is about having the best weapons. In the world of invention marketing and new products, your weapon is your product itself. It has to be so good that everybody knows it is the best, without question.
    And how do you know it is good? Let your customers tell you. Take the time for focus groups, show it off at Trade Shows. Solicit feedback anywhere and everywhere. And don't just get all excited at the compliments, you'll learn the most from the criticism. Those people who don't like your product may just be giving you the most valuable advice you are ever going to hear. They're telling you how to improve it and make it better, and they are probably doing it for a fraction of the cost of a high-priced engineer or designer.


    Rule 3 -- It's All About the Brand for Drug Lords

    This is a lesson that Pablo Escobar and Donald Trump have both excelled at. You need a strong brand. And that brand has to encapsulate your entire story and the credibility of your product.
    Escobar innovated delivery for new drug cartel inventions.
    When people think of your product, you want them to have a clear picture of exactly what it is, what it does, and why they need it.
    It's just like Pablo and the Donald; you know exactly what they are about, and what you are going to get. No questions need to be asked.
    You can establish that kind of brand image for your product by following a few simple rules and techniques of invention marketing,
    • Give your product a winning name and logo
    • Create a clear message with a tagline that anchors your product's purpose
    • Place your message in front of the right audience
    • Repeat your message often in multiple places
    These points will build a strong brand image over time, one that will help your customers instantly identify your product as the right solution every time.


    Rule 4 -- Drug Cartel Inventions Must Deliver the Goods

    Drug cartel inventions are the stuff of Escobar's business.

    Promises don't get you very far in this world without the follow through. Probably no one knows this better than a drug lord. In a world that is all about personal trust, delivery of the merchandise is everything. If the product wasn't where it had to be, when it had to be there, somebody was gonna pay. And if that product wasn't top quality, well, given Escobar's standing in the criminal world, he apparently mastered delivery on all counts.

    Regarding launching a new product in the more mundane world of WalMart and Target, products that are legally sold on the market, the same rules still hold true. To have a successful product, you must master the logistics of manufacturing, distribution, and delivery. Pay attention to the following;
    • Create a high-quality manufacturing process, accurate in all specs and consistent in output.
    • Build a multi-pronged distribution network; that can respond to unforeseeable delays and events, like inclement weather or changes in importation laws.
    • Deliver it on time as promised, without delays or excuses.
    • Ensure that the product meets and exceeds customer expectations.
    As you can see from the list, Deliver the Goods, isn't just about getting the product from A to B. It is about maintaining high standards of quality, creating a reliable delivery system, that doesn't fall apart at every challenge, and commitment to a quality product.



    The same rules apply to drug cartel inventions as to all inventions.

    In the Footsteps of Pablo Escobar

    Ultimately, business success, even if it is for drug cartel inventions, is always based on the same principles,
    • A Great Product
    • Robust Distribution
    • Brand Recognition
    • Consistent Quality that can Scale Up.
    Pablo Escobar mastered all four metrics of drug cartel inventions in spades. Apply his principles to your invention product launch, to maximize your odds of success.
    Find out how to sell an invention, with World Patent Marketing.  Meet the World Patent Marketing Advisory Board - one group of people that would certainly put the fear of G-d into the drug cartels.
    A guest post from: https://worldpatentmarketing.com