We are our choices. Build yourself a great story.
Jeff BezosRead
Market leadership can translate directly to higher revenue, higher profitability, greater capital velocity and correspondingly stronger returns on invested capital.
Interpretation
Being a market leader can lead to increased profits and better returns on investment.
Jeff Bezos highlights the significant advantages that come with being a market leader in a business context. When a company successfully positions itself as a leader in its industry, it tends to experience an increase in revenue and profitability, and this can enhance the efficiency of its capital use, ultimately resulting in greater returns for its investors.
In practice
In a business seminar discussing strategies for success.
We are our choices. Build yourself a great story.
Work hard, have fun and make history.
If you're not stubborn, you'll give up on experiments too soon. And if you're not flexible, you'll pound your head against the wall and you won't see a different solution to a problem you're trying to solve.
But there's so much kludge, so much terrible stuff, we are at the 1908 Hurley washing machine stage with the Internet. That's where we are. We don't get our hair caught in it, but that's the level of primitiveness of where we are. We're in 1908.
Because, you know, resilience - if you think of it in terms of the Gold Rush, then you'd be pretty depressed right now because the last nugget of gold would be gone. But the good thing is, with innovation, there isn't a last nugget. Every new thing creates two new questions and two new opportunities.
When you are eighty years old, and in a quiet moment of reflection narrating for only yourself the most personal version of your life story, the telling that will be most compact and meaningful will be the series of choices you have made. In the end, we are our choices.
No one knows the cost of a defective product - don't tell me you do. You know the cost of replacing it, but not the cost of a dissatisfied customer.
If customer ignorance is a profit centre for you, you're in trouble.
In this ever-changing society, the most powerful and enduring brands are built from the heart.
Each individual should work for himself. People will not sacrifice themselves for the company. They come to work at the company to enjoy themselves.
At Patagonia, making a profit is not the goal because the Zen master would say profits happen 'when you do everything else right'.
All businesses and jobs depend on a vast number of people, often unnoticed and unthanked, without which nothing really gets done. They are all human and deserve respect and gratitude.
Subscribe for the occasional hand-picked quote. No noise.