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#71 Jeff Bezos' Shareholder Letters

Founders

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The Pitfall Between Amazon and Other Companies

Amazon's CEO, Jeff Bezos, emphasizes the difference between his company and others. He believes that while most big technology companies focus on competitors, Amazon is truly customer-centric. Bezos describes Amazon as a large company that operates like a nimble start-up, combining size with the speed and risk-taking mentality of an invention machine. However, he acknowledges the challenges of maintaining this culture as the organization grows. Bezos cautions against the tendency for large organizations to rely on slow and cautious decision-making processes, which hinders innovation. He encourages the use of quick and decisive type two decisions when appropriate. Bezos concludes by expressing his optimism and determination to fight against complacency and continue driving invention at Amazon.

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