Jeff Bezos
Jeff Bezos
Jeffrey Preston "Jeff" Bezosis an American technology entrepreneur and investor. He has played a role in the growth of e-commerce as the founder and CEO of Amazon.com, an online merchant of books and later of a wide variety of products and services, most recently video streaming. Amazon.com became the largest retailer on the World Wide Web and a model for Internet sales...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth12 January 1964
CityAlbuquerque, NM
CountryUnited States of America
There are a whole bunch of people who don't like to shop. But there are also people, maybe, who even do like to shop but are very time pressured. And so shopping online can save people time.
There are two kinds of companies, those that work to try to charge more and those that work to charge less. We will be the second.
Amazon.com strives to be the e-commerce destination where consumers can find and discover anything they want to buy online.
Ebooks had to happen.
I believe you have to be willing to be misunderstood if you're going to innovate.
For people who are readers, reading is important to them.
You're not going to make Hemingway better by adding animations.
Cultures, for better or worse, are very stable.
Maintain a firm grasp of the obvious at all times.
The death knell for any enterprise is to glorify the past -- no matter how good it was.
We innovate by starting with the customer and working backwards. That becomes the touchstone for how we invent.
We've done price elasticity studies, and the answer is always that we should raise prices. We don't do that, because we believe -- and we have to take this as an article of faith -- that by keeping our prices very, very low, we earn trust with customers over time, and that that actually does maximize free cash flow over the long term.
If you only do things where you know the answer in advance, your company goes away.
The balance of power is shifting toward consumers and away from companies The right way to respond to this if you are a company is to put the vast majority of your energy, attention and dollars into building a great product or service and put a smaller amount into shouting about it, marketing it.