If you don’t understand the details of your business you are going to fail.
JEFF BEZOZI think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.
More Jeff Bezos Quotes
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The common question that gets asked in business is, why? That’s a good question, but an equally valid question is, why not?
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Maintain a firm grasp of the obvious at all times.
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We can’t be in survival mode. We have to be in growth mode.
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No business can continue to shrink. That can only go on for so long before irrelevancy sets in.
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You don’t want to negotiate the price of simple things you buy every day.
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If you want to be inventive, you have to be willing to fail.
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The three most important things in retail are location, location, location. The three most important things for our consumer business are technology, technology, technology.
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We are our choices. Build yourself a great story.
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If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.
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We innovate by starting with the customer and working backwards. That becomes the touchstone for how we invent.
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A company shouldn’t get addicted to being shiny, because shiny doesn’t last.
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We got to talk about how lucky we are to have such amazing parents. They’ve always been and still are role models and mentors for us.
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People loved their horses, too. But you don’t keep riding your horse to work just because you love it.
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The great thing about fact-based decisions is that they overrule the hierarchy.
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If you can’t feed a team with two pizzas, it’s too large.
JEFF BEZOZ