3min snip

Moonshots with Peter Diamandis cover image

The Successful Entrepreneur Formula w/ Salim Ismail | EP #47

Moonshots with Peter Diamandis

NOTE

The Importance of Experimentation in Amazon's Success

Amazon measures team experiments and rewards for learning. Jeff Bezos emphasized the importance of running experiments to determine success. In today's volatile world, constant experimentation is necessary. Successful companies like Amazon and startups like Google and Apple started by tinkering and iterating. Sometimes intuition is wrong, but it's important to try new ideas. Amazon Prime was initially considered crazy, but it became a major revenue driver for the company.

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