The World's Best Book Summaries
What explains how Amazon became successful? What did the company do differently? Amazon became successful by creating a strong business culture based on giving value to the customer before all else. If you take a close look at Amazon’s guiding principles and strategies, you’ll see that many of its tools can be used in other businesses too. Continue reading to see how Amazon grew from a startup into the successful business it is today.
What is Amazon’s business strategy? What tools do they use to grow as a company? Amazon’s business strategy centers on four tools: the product development proposal, the deep thinking document, the DMAIC process, and big-picture planning. Seeing the way that Amazon uses each of these tools is a great way to grow your own business strategy. Keep reading for an in-depth look at each of these tools.
What is a product development proposal, and what is its purpose? How does Amazon use product development proposals? The product development proposal, or PDP, is a two-part document including a hypothetical press release and frequently asked questions that you create before developing a new product. By looking at how Amazon uses the PDP, you can get a sense of good product development processes. Read on to see what a good product development proposal looks like and how it is used.
What does it take to build a million-dollar business? Should you sell or scale a business after it hits success? Reaching a point where your business is valued at a million dollars is an entrepreneur’s dream. Getting there from scratch requires passion, innovation, and delivering what the customer wants. Here’s how to turn your idea into a million-dollar business that’ll just keep growing.
Why is hustle culture toxic? Is organizational growth always a good thing for business? In today’s “hustle culture,” many workers end up ruining their lives in their attempts to get ahead in their careers. They sacrifice the time and energy they should be spending on their lives outside of work. Keep reading to learn how organizations appeal to hustle culture and one solution for solving it.
Who defines the mission and objectives of a business? Is making a profit the most important part of business? According to The Essential Drucker by Peter Drucker, management is directly responsible for whether the organization’s efforts produce its desired results. Managers do this by articulating an enterprise’s mission and spelling out its objectives. Let’s look at how managers create and carry out a company’s mission.
What was Jeff Bezos like before Amazon? How did he get interested in the online world? In Invent and Wander, Bezos recounts his life prior to finding the largest online retailer in the world. Bezos inherited many of his leadership traits from his family and developed an early love for computers that would change his life. Keep reading to learn more about Jeff Bezos before Amazon.
How did Amazon survive its first major downturn? Why does Amazon value its relationship with customers so much? In Invent and Wander, Jeff Bezos looks back at Amazon 2001’s crisis when share prices dropped dramatically. Yet it was still a learning experience for Bezos, who managed to turn things around for Amazon. Discover the lessons Bezos took away from Amazon’s share price dropping in 2001.
What makes something a movement? What if you could create a movement instead of just running a business? Imagine you have a product or service that can change people’s lives—one that can help them reach their most ambitious goals financially or personally. Russell Brunson says you should look at your product or service as merely a tool that supports something much greater—a movement. Read more to learn how to create a movement and not just a business.
What’s the brief history of Amazon? Where did Bezos come up with the idea of Amazon? Bezos’s story is the story of Amazon, the business he founded in 1994. Though Bezos doesn’t take all of the credit for the company’s success, it was he who shouldered the risk of creating an online retail store in a decade. Let’s break down Amazon’s history, from its beginnings in a garage to hurdling through the Covid-19 pandemic.