Wiser Than Yesterday: Book club The Everything Store: Jeff Bezos and the Age of Amazon - Brad Stone
We share the 10 best mental models about innovation from tech titan Jeff Bezos.
This episode covers the story of Amazon and some of the incredible shifts it has created on the planet. From the obvious online shopping wave to things like the e-reading industry and audiobooks, web-servers giving us Uber and Netflix, devices like Alexa. We also learn about their failures like the Fire Phone and other things you probably haven't even heard of, Amazon Destinations, anyone?
Lessons to think like an innovator and be more decisive:
- Primitive Thinking - Creating the building blocks that make new things
- Reversible and Irreversible Decisions - Can you just try something already instead of overthinking?
- Day 1 Thinking - The philosophy of never being finished
Note - Nico is taking a reading break, and Sam has a season to cover some of his favourite books in depth.
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About Wiser Pod
Nico and Sam set out to read the world's best books, from philosophy to sci-fi, economics to who knows what.
Sam Webster Harris
👋 LinkedIn - Sam Harris
🧠 Psychology Pod - Growth Mindset Psychology
🚀 New Pod - How to Change the World
Nicolas Vereecke
👋 LinkedIn - Nico Vereecke
🤖 AI world domination - Evil Plan Inc
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How to Change the World: The History and Future of Innovation
- SPOTIFY - https://open.spotify.com/show/1Fj3eFjEoAEKF5lWQxPJyT
- APPLE - https://podcasts.apple.com/us/podcast/how-to-change-the-world-the-history-of-innovation/id1815282649
- YOUTUBE - https://www.youtube.com/@HowToChangeTheWorldPodcast
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Chapters
00:00 The Everything Store & Jeff Bezos
02:53 Thinking in Primitives
04:10 Story of AWS
06:44 2 Customer Centric Obsession
08:25 Working backwards - Why they built Amazon Prime
10:23 3 Long Term Thinking
11:39 Story - Kindle and e-publishing industry
14:21 Willingness to be Misunderstood
15:01 Team - Single-Threaded Leadership
16:10 Team - Employ and Empower Builders
17:15 Culture - Meetings are for Decisions
18:15 High Velocity Decision making
20:27 Regret Minimisation Framework
22:03 Disagree and Commit
23:13 Embrace Failure
23:56 Total Fails - Fire Phone, Amazon Wallet etc...
26:14 Importance of Timing and Competition
28:28 Day 1 Thinking
31:10 Useful Bonus points
31:18 Flywheel effect
31:46 Word of Mouth Marketing
32:42 Opposing beliefs - Ignoring vs Crushing Competition
34:51 Opposing Beliefs - Stubborn and Flexible
35:22 Wrap up
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