TLP239: What Amazon Got Right, and...

John Rossman was an executive at Amazon.com where he launched the Marketplace business and third-party selling platform and ran the merchant services. He's an expert at digital and ecommerce business models and operations, and has led engagements on ecommerce, Internet of Things strategies, and API driven platform business models. He is the author of three books: - Think Like Amazon: 50 1/2 Ideas to Become a Digital Leader - The Amazon Way: 14 Leadership Principles of the World's Most Disruptive Company - The Amazon Way on IoT: 10 Principles for Every Leader from the World's Leading Internet of Things Strategies. In this episode, John shares his ideas on becoming a digital leader. Sponsored by... Cultivate Grit. Amplify Action. Get The Importance of Journaling We help YOU enjoy the success we've already enjoyed. Free downloads of Quick Reference Guides on Delegation, Time Management, Sales, and more. Key Takeaways [4:05] A lot of organizations are hyper-focused on profitability and growth, but they're not investing enough in new ideas, new people, and new capabilities. [7:20] It's everybody's job in an organization to understand how the business operates, not just the chief executive. [11:40] Amazon got a lot of things right, but they also got a lot of things wrong. In business, you tend to remember the successes rather than the failures. [12:10] John shares an example of what Amazon didn't get right. [17:00] Jim has found that it's very hard to find people who are good writers and can write paragraphs with fully fleshed-out ideas. Jeff Bezos also found the same issue. [19:10] Writing is hard. It takes practice to do it correctly, and it takes patience. [20:00] John defines what culture is and how to best manage the complex decision-making process in a remote setting. [21:55] When it comes to having fun at work, happy hours don't really work in a digital setting. [23:10] Amazon is one of the companies that's committed to going back to the office because they want in-person collaboration. [25:10] Good culture attracts the right talent and deliberately repels the wrong talent. [28:35] There's a lot of talent out there that does not want to go back to a physical office. John shares his thoughts on how organizations will be managing this divide. [35:10] John shares how Amazon didn't just create a culture, they created a super-culture. [41:05] Listener challenge: We want successful teams. In order to achieve that, we have to do something different. Instead of optimizing for this quarter's results. Invest in the future. Quotable Quotes Truly digital organizations are curious. "One or two really big successes pays for hundreds of failures." "Writing things out really helps people work remotely to do things more asynchronously" "You really have to think about culture serving a purpose that's inherent to the function of the work that has to be done." Resources Mentioned Sponsored by: Pass-life.com. Coupon Code: Duty. Websites: The-amazon-way.com & John on LinkedIn John's Book: Think Like Amazon: 50 1/2 Ideas to Become a Digital Leader