These are a collection of really powerful pieces and reads that I think a solid innovator needs to consume:
In a way, that is like the nicest compliment I’ve ever gotten. First of all, I think we have gotten pretty lucky recently. You should anticipate a certain amount of failure. Our two big initiatives, AWS and Kindle — two big, clean-sheet initiatives — have worked out very well. Ninety-plus percent of the innovation at Amazon is incremental and critical and much less risky. We know how to open new product categories. We know how to open new geographies. That doesn’t mean that these things are guaranteed to work, but we have a lot of expertise and a lot of knowledge. We know how to open new fulfillment centers, whether to open one, where to locate it, how big to make it. All of these things based on our operating history are things that we can analyze quantitatively rather than to have to make intuitive judgments.
When you look at something like, go back in time when we started working on Kindle almost seven years ago…. There you just have to place a bet. If you place enough of those bets, and if you place them early enough, none of them are ever betting the company. By the time you are betting the company, it means you haven’t invented for too long.
If you invent frequently and are willing to fail, then you never get to that point where you really need to bet the whole company. AWS also started about six or seven years ago. We are planting more seeds right now, and it is too early to talk about them, but we are going to continue to plant seeds. And I can guarantee you that everything we do will not work. And, I am never concerned about that…. We are stubborn on vision. We are flexible on details…. We don’t give up on things easily. Our third-party seller business is an example of that. It took us three tries to get the third-party seller business to work. We didn’t give up.
But. if you get to a point where you look at it and you say look, we are continuing invest a lot of money in this, and it’s not working and we have a bunch of other good businesses, and this is a hypothetical scenario, and we are going to give up on this. On the day you decide to give up on it, what happens? Your operating margins go up because you stopped investing in something that wasn’t working. Is that really such a bad day?
So, my mind never lets me get in a place where I think we can’t afford to take these bets, because the bad case never seems that bad to me. And, I think to have that point of view, requires a corporate culture that does a few things. I don’t think every company can do that, can take that point of view. A big piece of the story we tell ourselves about who we are, is that we are willing to invent. We are willing to think long-term. We start with the customer and work backwards. And, very importantly, we are willing to be misunderstood for long periods of time.
I believe if you don’t have that set of things in your corporate culture, then you can’t do large-scale invention. You can do incremental invention, which is critically important for any company. But it is very difficult — if you are not willing to be misunderstood. People will misunderstand you.
Any time you do something big, that’s disruptive — Kindle, AWS — there will be critics. And there will be at least two kinds of critics. There will be well-meaning critics who genuinely misunderstand what you are doing or genuinely have a different opinion. And there will be the self-interested critics that have a vested interest in not liking what you are doing and they will have reason to misunderstand. And you have to be willing to ignore both types of critics. You listen to them, because you want to see, always testing, is it possible they are right?
But if you hold back and you say, ‘No, we believe in this vision,’ then you just stay heads down, stay focused and you build out your vision.
Say “Yes” to opportunities presented to you.
“The trick to being truly creative, I’ve always maintained, is to be completely unselfconscious. To resist the urge to self-censor. To not-give-a-shit what anybody thinks. That’s why children are so good at it. And why people with Volkswagens, and mortgages, Personal Equity Plans and matching Louis Vuitton luggage are not.”
Stop giving a shit what other people think and you will actually start to actualise your dreams.
1. What a mum does for their children around the world.
2. Make a miracle happen for someone.
3. Forget the past. Call your dad.
4. Acts of great kindness come from the least likely person.
My hat is off to this great advertising. I remember these ads because I was so emotionally effected.
I have been recently really inspired with what Kate Horman is doing over at her blog and the personal journey of growth she is going through and one of those parts was that of stating and aligning herself to a values based life. I got thinking and realised that I have needed to write these for quite some time and I just wanted to share them with you.
What are your values?
Please share them in the comments below, or email them to me. Just post a dot point list like my one above. I forecast that almost no one will ever do this because most people dont know their values and find it really hard to actually write them down.
I would like to also contend that when you write your values, you should also write your things you DONT value. This will help you understand yourself even more, because you will think at times, why did I behave a certain way. If you know that you don’t value it, then you will feel fine about it.
This is how you solve the carbon dioxide problem on the earth.
These are the steps you need to take to solve any environmental problem on earth.
Pure hardcore training.
He plays to win.
Posted by Fred Schebesta as Inspiration
What is the fundamental pyschological hit we get from each social networking websites:
Leaving any of these places, will open your life up to its beauty as opposed to a digital fake one. Quitting facebook is not committing social suicide.
This is a list of people I admire what they have done. I havent met many of them but I have respect for them in ways that others may not.
And a hat tip to fatboy slims.
Posted by Fred Schebesta as Improve life
I want to use you as a sharing platform but you are almost impossible to use.
I can’t link to updates I make on linkedin.
Can you please let me link to my updates. Just make the time stamp on the updates linkable.