The simple formula Jeff Bezos used to turn Amazon into a $480 billion company
1. Distinguish between high and low impact
As Jeff Bezos explained to Amazon shareholders in his 2015 letter, there
are two categories of decisions. Type 1 are the mission-critical,
high-impact choices that influence the larger strategy, while Type 2 are
the lower stakes choices that can easily be reversed if need be.
Given that most large companies have a very fuzzy distinction between
the two, they fall into the trap of immediacy and their ability to
direct resources to the truly important things suffers.
Most of your time should always be spent on Type 1 decisions. Type 2
decisions should either be delegated, or they should be batched together
with other less critical choices for later.
All you need to know
Amazon is one of the most successful corporations of our day. They
have many things going for them, but the key determinant of their
success is arguably their decision-making process.
It’s easy to neglect the idea of having a framework in place to make
choices. It’s something we have an intuitive process for, but it’s
useful to remember that our intuition has known gaps.
Good decision-making not only removes those gaps, but it also filters signal from the noise.
(QZ.com)
Tuesday, October 31, 2017
Monday, October 30, 2017
I Would Hope So
Toyota: We Expect To Dominate In This Class Where We Are The Only Ones Racing
Toyota, for now, will be the lone manufacturer left in the FIA World Endurance Championship’s top racing class next season. The company said it wants to stay in the class, “only with the goal of winning.” The only thing you can do is win if there is no one else competing, Toyota.
With Toyota’s last remaining competitor in the top Le Mans Prototype 1 class, Porsche, out of WEC after this season, things are looking slim in terms of the competition. Reports say should Toyota stay and be the only manufacturer, it could have a few privateer teams compete against it. But when a team has a $100 million annual budget for a series, there probably isn’t much hope for the teams trying to do things out of their own garage.
(Jalopnik.com)
Toyota, for now, will be the lone manufacturer left in the FIA World Endurance Championship’s top racing class next season. The company said it wants to stay in the class, “only with the goal of winning.” The only thing you can do is win if there is no one else competing, Toyota.
With Toyota’s last remaining competitor in the top Le Mans Prototype 1 class, Porsche, out of WEC after this season, things are looking slim in terms of the competition. Reports say should Toyota stay and be the only manufacturer, it could have a few privateer teams compete against it. But when a team has a $100 million annual budget for a series, there probably isn’t much hope for the teams trying to do things out of their own garage.
(Jalopnik.com)
Duh!
Stop Spending Time With People Who Drag You Down
Before you run off to your next meeting or gathering, ask yourself if those people bring out your best qualities. If you’re an intelligent thinker, do they challenge your mind? If you’re a creative type, do they push you to pursue your art? If you’re curious, do they present you with new perspectives on the world? If you’re a free spirit looking for adventure, do they seek it out with you or tie you down? Are you actually content to be around them?
Think
about the things that uplift you as a person, the qualities that push
you to be better, and seek those things out in others. Surround yourself
with living catalysts who will push you to be the absolute greatest
version of yourself. Every moment you spend with someone holding you
back is a moment forever lost.
(LifeHacker.com)
Before you run off to your next meeting or gathering, ask yourself if those people bring out your best qualities. If you’re an intelligent thinker, do they challenge your mind? If you’re a creative type, do they push you to pursue your art? If you’re curious, do they present you with new perspectives on the world? If you’re a free spirit looking for adventure, do they seek it out with you or tie you down? Are you actually content to be around them?
(LifeHacker.com)
An Interesting Read
If You Can’t Find a Spouse Who Supports Your Career, Stay Single
I was at a dinner with eight highly successful professional women recently, ranging in age from 35 to 74. Their stories were typical of research I have been conducting on dual-career couples.
This experience underlines the conclusion I’ve drawn from years of research and experience: Professionally ambitious women really only have two options when it comes to their personal partners — a super-supportive partner or no partner at all. Anything in between ends up being a morale- and career-sapping morass.
If your partner is not willing to engage, uninterested in “leaning in,” and resistant to seeking help, you should ask yourself why. Just like at work, it is interesting first to work on yourself. Understand your own issues, the impact you have on others, the degree to which you are creating the reaction you are struggling with. Consider working with a therapist or coach. In the end, after you’ve figured yourself out, if the relationship hasn’t improved, the question remains: What is keeping you in this team? Are you staying out of love or fear?
(HBR.org)
I was at a dinner with eight highly successful professional women recently, ranging in age from 35 to 74. Their stories were typical of research I have been conducting on dual-career couples.
This experience underlines the conclusion I’ve drawn from years of research and experience: Professionally ambitious women really only have two options when it comes to their personal partners — a super-supportive partner or no partner at all. Anything in between ends up being a morale- and career-sapping morass.
If your partner is not willing to engage, uninterested in “leaning in,” and resistant to seeking help, you should ask yourself why. Just like at work, it is interesting first to work on yourself. Understand your own issues, the impact you have on others, the degree to which you are creating the reaction you are struggling with. Consider working with a therapist or coach. In the end, after you’ve figured yourself out, if the relationship hasn’t improved, the question remains: What is keeping you in this team? Are you staying out of love or fear?
(HBR.org)
Did You Know - Chick Fil A Edition
15 Facts About Chick-Fil-A That'll Make You Say, "Whoa, That's Crazy"
5. Only three states don't have a Chick-fil-A: Alaska, Hawaii, and Vermont.
Complete list (BuzzFeed.com)
5. Only three states don't have a Chick-fil-A: Alaska, Hawaii, and Vermont.
Complete list (BuzzFeed.com)
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