• We will continue to focus relentlessly on our customers.• We will continue to make investment decisions in light of long-term market leadership considerations rather than short-term profitability considerations or short-term Wall Street reactions. • We will continue to measure our programs and the effectiveness of our investments analytically, to... See more
Jeff Bezos • Jeff Bezos Letter to Amazon Shareholders 1997
Some decisions are consequential and irreversible or nearly irreversible – one-way doors – and these decisions must be made methodically, carefully, slowly, with great deliberation and consultation. If you walk through and don’t like what you see on the other side, you can’t get back to where you were before. We can call these Type 1 decisions. Bu... See more
Farnam Street • Reversible and Irreversible Decisions
From 2016: “Day 2 is stasis. Followed by irrelevance. Followed by an excruciating, painful decline. Followed by death. And that is why it is always Day 1.”
Jeff Bezos • Jeff Bezos Shareholder Letters | Founders Podcast with David Senra #282 • Podcast Notes
Most importantly, the sooner you make a decision, the sooner youwill know from your crew what is achievable, and the sooner theywill be able to expand upon - and use their talents to - elevateit. The time you spent not deciding is time you rob from yourstaff's ability to make whatever the object of the decision thebest it can be. The show simply ca... See more