Jeff Bezos provides tips on how to build a better work culture

Jun 18, 2015The Editorial Staff

Following the path of the business legend Jeff Bezos, entrepreneurs get to learn the importance of building a better work culture.

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Our top corporate executive, Jeff Bezos, is the founder and CEO of the electronic commerce giant, Amazon.com. Sharing the business growth and success stories of Amazon, we all know how the company is expanding at a great pace. Amazon has expanded its e-commerce business from books, clothing lines, smartphones, tablets, and many more.

The trail of the legend.

Jeff Bezos has revolutionized the e-commerce world. Before leading this renowned online company, Jeff Bezos was already a very successful professional. He was the vice president at Wall Street investment bank, D. E Shaw & C0. At 30, he was earning a whopping six-figure salary. But it didn’t take Jeff long to visualize his entrepreneurial passion, which he turned into an overwhelming consumer-friendly company.

It was the year 1994 when Bezos first got the idea of starting an internet company. Within four years, Jeff established the company and started its operation; Amazon became 610 million dollars worth with over 13 million customers worldwide.

Success tips for aspiring entrepreneurs -Jeff Bezos

One may ask, what metrics could make Jeff Bezos take Amazon’s growth to such an overwhelming level? During an interview, Jeff Bezos shared some of his lead ideas of business success.

First, Jeff Bezos believes recruiting the right candidates is extremely important for a start-up. He recommends setting a high hiring bar for at least the initial years of a business.

In a statement, Jeff Bezos said he would prefer to interview fifty candidates and employ none other than employ the wrong personnel. He affirms companies should build a better work culture by recruiting the right people during the early years of the company. After all, these people are going to lead new talents as the business surges.

Being flexible in creative ideas is the hallmark of innovation

Second, Jeff Bezos thinks entrepreneurs need a good balance between technology growth and business innovation. They need to be persistent in their creative ideas and experiments, but should be flexible about details and goals.

Third, Bezos advises corporate executives to be flexible and involve strategic company leaders and personnels when deciding corporate matters.

He explains that an inexperienced worker could sometimes be right while an experienced worker could be wrong in some decisions. Involving both experienced and promising talents is therefore crucial for innovation and business growth. But for intuitive decision-making, entrepreneurs should depend on experienced personnel who can discern right from wrong through business experience.

Fourth, corporate executives don’t need to follow the blueprint always. When Jeff Bezos first thought about establishing Amazon to sell books online, none of the publishers he approached encouraged his idea.

They didn’t appreciate the whole thought of selling books on the internet. But Jeff Bezos didn’t stick to the conventional method of book selling but sold the best-seller books. His idea paid off as he could reach consumers even in their homes and offices through the internet.

Fifth, Jeff Bezos believes corporate executives should focus more on trade area secrets and customer experiences to build a loyal following and bond with their customers. He is of the view that getting out of your comfort zone to help customers and meet every need is so critical. This gesture, he affirms, will undoubtedly help establish a prosperous and healthy environment in any organization.

Photo Credits: brw.com/ svglobalgroup.com/ mgacade.com/ engadget.com/ money.cnn.com

The Editorial Staff

The Editorial Staff at The Business Frontal is a team of writers dedicated to bringing seasoned news stories and how-to business articles to our readers and patrons to help maximize their entrepreneurial potentials.