Entrepreneurship & Innovation

Blog Actions

Wired has an interview with Jeff Bezos the CEO of Amazon.com. The interview is most illuminating with regard to Amazon's business philosophy and strategy. It is vastly different than that of Apple. It is nearly the exact opposite of Apple's strategy if fact. Several thing caught my attention:

• Amazon is the only tech company with low margins.
• Amazon is obsessed with correcting even the smallest defect because defects drive up costs.
• Amazon invests and plans on a 7-year time horizon which means they have very few competitors at this time scale.

Amazon web services are also interesting and way more impressive than I realized. The article is worth the time and it will be interesting to see what how amazon does over time. I was impressed with the long list of long term in vestments Amazon made to its business not to long ago (like 10 different initiative). The investments seemed petty savvy to me, but Wall Street clock them for not delivering those investments as profits in that quarter. This makes me wonder about Wall Street's common cents.