The latest Harvard Business Press title represents a compilation of public statements, articles and written thoughts – all belonging to Jeff Bezos. “Invent and Wander” has thus two main important functions:
1. It sheds a light on the principles and processes under which Jeff Bezos built Amazon from an online book 📚 retailer to the largest e-commerce retailer in the world.
2. It offers a historical perspective on the development (or if you want – becoming) of a top business creator, who always dared to be different.
Add to the above Bezos’s idiosyncrasies on:
– building the most possible customer-centric company and
– surrounding himself with trusted persons and leaving them to do the job whilst he sits back
and you will have on your ✋ s som thing of a an advanced business cookbook.which would be the envy of the 19th century oil barons.
“Invent and Wander” starts big and ends… literally flying in space. The beginning theme focuses on the long term perspective. Amazon never did anything for the the next 3 months – it always looked at the next 10 years. This is the main reason why the company went public only 3 years after its start, despite its exponential growth in a hot 🔥 sector (founded in 1994, IPO in 1997). This is also why Bezos insisted that they never pay any dividends, but rather to reinvest the money in new projects. In a sense, Jeff Bezos is a brilliant financial architect – as one of the most coon-held view among the hedge funds is that companies are sums of projects with a finite lifetime, rather than production machines. Read More »“Invent and Wander: The Collected Writings of Jeff Bezos”, With an Introduction by Walter Isaacson – a HBR Book Essentials Review