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Jeff Bezos can easily spot winners, says they listen a lot & change their minds often

Jeff Bezos can easily spot winners, says they listen a lot & change their mind
Jeff Bezos pays great attention to people.
LAS VEGAS: From using Artificial Intelligence (AI) to deliver packages faster to helping developers build capabilities based on Machine Learning (ML) to delight its customers, Amazon Founder and CEO Jeff Bezos has an advice for dreamers and builders: Come to me if you are willing to play the gamble with me on disruptive ideas.

The world's richest man, in a free-wheeling firechat at Amazon "re: Mars" event here, said that he is very stubborn on big ideas.

"I'm flexible on the details but I don't like to give up on things that that we're working on. If you want to be an entrepreneur, the most important thing is to be customer obsessed, so don't just satisfy your customers, figure out how to absolutely delight them," Bezos told the gathering last week.

"The number one thing is passion - whosoever your customers are. You have got to have some passion for the arena that you're going to develop and work in.

"Otherwise, you're going to be competing against people who do have the passion for that. And they're going to build better products and services," maintained the Amazon CEO who has just finalised a deal to buy three apartments in New York's prime Manhattan area for nearly $80 million.

Ultra Rich World: Ambani Tops Indian Billionaires; Bezos Wealthiest; Kylie Jenner Youngest ...

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It's All About Money!

6 Mar, 2019
Like every year, Forbes World's Billionaire list highlighted some obvious names, and brought in some surprises. Amazon CEO Jeff Bezos topped the global list, and Reliance Industries Chairman Mukesh Ambani ranked 13th making him the wealthiest Indian. With 55 fewer billionaires from the previous year, the ultra-rich make a total net worth of $8.7 trillion ($400 million lower last year), Forbes reported. Here's a look at who made it to the Forbes rich list this year.

The good news is, he added, that at Amazon, "we still take risk all the time".

"We encourage it. We talk about failure. We should be failing".

For startups, he said that one should encourage their team-mates to take risks and be customer obsessed.

"All those things work just as well inside of the company as they do inside of the startup," Bezos stressed, saying he pays great attention to people.

"I observe people who are right a lot and have detected some patterns. People who are right a lot, they listen a lot. They also change their mind a lot which is very interesting."

Jeff Bezos said that he is very stubborn on big ideas.
Jeff Bezos said that he is very stubborn on big ideas.

When asked how he sees the future 10 years from now, Bezos said the humanity is going to see amazing developments in in biotechnology.

"I think that's been an incredible field. And we'll see dramatic progress there will continue to see lots of progress in ML and AI.

"In the e-commerce field, 10 years from now, people are going to want low prices and fast shipping," he added.

Bezos' advice for entrepreneurs: "We need big failures. If we're going to be moving the needle, we need to have billion-dollar scale failures and if we're not, then we're not swinging hard enough".

Jack Ma, Bezos, Travis Kalanick: Top Bosses Who Promoted Hostile Work Culture

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Leadership Gone Wrong

15 Apr, 2019
Being an industry leader is not child's play. Apart from taking one's business ahead and dealing with the complications that come along with it, inculcating a healthy work culture is also extremely important. Recently, Alibaba Group boss Jack Ma received flak on social media for promoting a 12-hour-a-day and six-days-a-week work routine for success. However, he isn't the only one who, in an effort to be on the top, ended up promoting a hostile work culture. Here's a look at some top bosses who haven't been appreciated for their leadership qualities. (In pic from left: Jeff Bezos, Jack Ma, Travis Kalanick)

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