*I found this letter to Amazon shareholders to be incredibly motivating.
Tldr; "Day 2 is stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death. And that is why it's always Day 1."
My favorite Day 1 Defense that Bezos references is:
High-Velocity Decision Making
We could spend all day trying to make the best decision possible. However if we did that, it would be Day 2 already.
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Never use a one-size-fits-all decision-making process. Many decisions are reversible and you can learn just as much from a wrong decision as you can a right one. There is no perfect template for every decision.
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Most decisions should be make with somewhere around 70% of the information you wish you had. Waiting until 90% will likely take as long as it did to get to 70% and you'll only get the last 10% through executing on the idea.
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"Disagree and Commit." Use this phrase when you know you will not be convinced that a course of action is correct, however you will commit to the idea. I plan to try this with coworkers. We evaluate processes all of the time and can spend a good amount of time debating where neither side has much better that a 50:50 win ratio, so there is a lot of wind only to have the same odds of coming out on top.
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Recognize true misalignment issues early and escalate them immediately. Sometimes teams and people will disagree. Without a single point of leadership, the two sides can bash heads until both sides are exhausted.
(Full Disclosure: I have 1 AMZN share, however I don't believe my post violates any reddit self-promo rules based on that quantity?, yes I get my annual reports by mail)
Submitted April 29, 2017 at 12:34PM by True_Go_Blue http://ift.tt/2qfRnqd
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