Amazon innovation culture relies on these 5 rules

Amazon innovation culture relies on these 5 rules

Amazon's commitment to innovation has driven its growth from a humble online bookseller to a trillion-dollar e-commerce titan. Five key techniques are driving this success: (1) the 'Day 1' philosophy, which focuses on maintaining excitement and vitality in business, (2) starting with the customer and working backwards, (3) using six-page memos to develop ideas, (4) never standing still, evolving the business model and investing in new technologies and capabilities, and (5) using the two-pizza meeting rule to keep meetings focused and contained. These techniques are keeping Amazon nimble and ready to make quick decisions to satisfy customer demand.

View

More Innovation Resources:

How to get more good ideas and avoid the bad ones?

Innovation management is not just about good and bad ideas, but also about timing, team, execution, and bias towards false positives or false negatives. Getting more ideas and avoiding bad ones is not enough. The focus should be on managing the process effectively.

View

Work and Resource Management: Benefits to Bypass the Competition

Learn the top 5 benefits of Work and Resource Management (WRM) and find out why it's crucial for modern work environments.

View
Corporate Venture Building: The Process

Corporate Venture Building: The Process

Corporate venture building is gaining traction as a better path to innovation and growth compared to M&A. But building new businesses is difficult. Experts share key components of the corporate venture building process.

View