Great industries are never made from single companies. There is room in space for a lot of winners.
Jeff BezosRead
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83 quotes
Great industries are never made from single companies. There is room in space for a lot of winners.
I never think in terms of how we can compete against the other companies; rather, our primary focus is to make consumers feel the uniqueness and attractiveness of our products.
While we somehow understand revenge on an intuitive level between individuals, I do suspect that companies, assuming that people are rational, completely miss and underestimate the motivation people have for revenge.
With tech companies, whoever's the leader is always questioned, you know. They say, 'Is this the end of them?' And - there's more - more times people think that's the case than it really is the case.
How can government reduce the frequency and the severity of future catastrophes? Companies that have the potential to create significant harm must be required to pay for the costs they inflict, either before or after the fact. Economists agree on this general approach. The problem is in putting such a policy into effect.
There is a long history of founders returning to companies and doing great things. Founders are able to set the vision for their companies with an authority no one else can.
When entire companies embrace a growth mindset, their employees report feeling far more empowered and committed; they also receive far greater organizational support for collaboration and innovation.
Our criteria is that it's okay to invest in companies so long as they stop lobbying in Washington, stop exploring for new hydrocarbons, and sit down with every one else to plan to keep 80 percent of the reserves in the ground.
The people who serve your fast food lunch or your after-work drinks deserve dignity - and if big companies don't start paying them enough for a decent standard of living, they have the power to close these businesses. But no one goes on strike lightly.
Few industries have the ability to transform society like tech, yet too few companies are asking the questions or working on the problems that would create meaningful social change.
As a major economic force worldwide, India and Indian companies have the opportunity to set the standards in Asia in terms of women's right to decent work.
Insurance companies, government agencies, and the pharmaceutical industry all push for mental health care that is brief, intermittent, and focused on quick fixes, despite the fact that many people struggle with emotional difficulties that can only be addressed over time using special psychodynamic skills.
If you work for and eventually lead a company, understand that companies have multiple stakeholders including employees, customers, business partners and the communities within which they operate.
If you're running an engineering or finance company, all companies depend on ideas and ingenuity. I think the principles of creative leadership apply everywhere, whether it's an advertising company or whether you're running a hospital.
I'm really glad we came up when we did. When we got started, the record companies were concerned with building careers. They made sure you could put on a live show before you put a record out. And if your first album sold 100,000 to 200,000 copies, they were happy, because they figured you had your foot in the door on a way to a long career.
Internet-centric companies have already begun changing the rules with binge-watching, flexible running times, fewer commercials, and crowd-sourced content. The brainpower - and just plain power - of the most valued tech firms will change things even more.
Exxon, one of the companies that has spent tens of millions of dollars denying climate change, denying any responsibility to deal with, taking government subsidies on a massive scale, now their ads are all about, 'Oh, we want a clean future. We're looking at clean energy and all that stuff.'
Everyone has the idea of owning good companies. The problem is that they have high prices in relations to assets and earnings, and that takes all of the fun out of the game.
If companies can refuse to provide coverage for women, what other objections to the Affordable Care Act will we see based on 'religious grounds'? For that matter, will 'religious freedom' be used as an excuse to discriminate against other minorities and disenfranchised groups across the board? Where will it end?
There are good examples of companies - Coca-Cola is one - that invested before there was a huge market in countries, and I think that ended up playing out to their benefit for decades to come.
I think that the direct conversation is exactly what companies need to earn trust of customers. Admit an error. Fix a problem. Commit to doing better. That is only human.
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