Tag Archives: business

Jeff Bezos’ reading list: the books that Amazon employees are expected to read

2017-07-28

Recently, the big news was that Jeff Bezos, the founder and CEO of Amazon online store, had become the richest person in the world. The ranking, however, can quickly change because it largely depends on the stock prices of companies the richest people own, which is why Bill Gates or Warren Buffet can take the number one position any day.

Amazon started its business as an online bookstore. Even now, when the company enters a new market, it often starts business in the country with books.
jeff bezos reading list; 3 book covers
Books, reading, and learning mean a lot to Jeff Bezos who established Amazon 22 year ago. He has led the company from the beginning, and has always been regarded as a visionary. He took over the Washington Post newspaper that was on the brink a year ago. He is investing his personal money in the Washington Post, not Amazon’s corporate assets.

Amazon has invested in the creation of the ebook market probably more than any enterprise. The Kindle ereader, and the worldwide marketplace for ebooks on Amazon.com, Amazon.co.uk, and on other country-specific markets have the biggest market share of ebooks. The company is also running many other book-related business programs, such translating titles, print-on-demand, and even its own publishing imprint.

Jeff Bezos is known as an authoritarian leader. He has established rules, processes and methods that are strictly followed. Jeff’s Reading List is a list of 12 books Bezos expects Amazon employees to read. Many are related to business, but there are other themes as well.

Author Brad Stone who wrote the Bezos biography The Everything Store lists those 12 books. The author says the books have shaped Bezos’ leadership style and way of thinking. Here is the Jeff’s Reading List.

– The Remains of the Day by Kazuo Ishiguro: a fictional story about the First World War.
– Built to Last: Successful Habits of Visionary Companies by Jim Collins: advice from business management guru.
– Creation: Life and How to Make It by Steve Grand: building intelligent technology systems.
– Good to Great: Why Some Companies Make the Leap … and Others Don’t by Jim Collins: the author of the book has consulted Amazon as well.
– The Innovator’s Dilemma by Clayton Christensen: how new technologies disrupt existing businesses.
– Sam Walton: Made in America by Sam Walton: Walmart founder’s biography.
– Lean Thinking: Banish Waste and Create Wealth in Your Corporation by James Womack and Daniel Jones: lean thinking method.
– Memos from the Chairman by Alan Greenberg: a collection of memos from the Bear Stearns Chairman to the employees. (Bezos worked for an investment bank before starting Amazon.)
– The Mythical Man-Month by Frederick P. Brooks, Jr.: small groups of engineers can be more effective than large groups.
– The Goal: A Process of Ongoing Improvements by Eliyahu Goldratt: lessons for manufacturing.
– Data-Driven Marketing: The 15 Metrics Everyone in Marketing Should Know by Mark Jeffery: how to measure everything – has become a must at Amazon.
– The Black Swan by Nassim Taleb: the power of events with massive consequences.

Via CNBC.

The Evolution of Publishing Is both Technology and Business Development

2015-06-13

Technology that enables publishing in a large scale, to mass markets, was innovated by Johannes Gutenberg more than 500 years ago. His greatest innovation was to create a whole system from existing technologies developed by other people. From there on, the evolution of publishing has been as much business development as it has been technology development.

For instance:
– Newspapers developed in late 18th century and 19th century as literacy improved and people moved to cities.
– Before newspapers, primarily books and religious material was printed.
– Steam powered printing press was invented in 1843. Printing of books and newspapers became faster and more economical, making them available to wider audiences.
– The first steps towards digital technology in publishing industry were taken in 1980s and 1990s when Apple introduced the Macintosh computer and desktop publishing. This combination made it both affordable and reasonably easy to design and layout the printed paper or book on a computer screen before actually printing it.
– The Internet boom in late 1990s and early 2000s introduced the first ebooks to audiences, but digital books weren’t ready for mass markets yet.
– It was Amazon that understood (like Gutenberg) that there must be a whole end-to-end system in place before the product is ready for wide adoption. Amazon introduced the Kindle and Whispersync in 2007.

View more details on the evolution of publishing in the following infographics created by Searchnewsmedia.co.uk.

publishing evolution from Gutenberg to digital

Mobile Phone Success Story

2010-09-23

In the 1990s, Nokia outrivaled the traditional telecommunications companies Motorola and Ericsson by introducing innovative mobile phone products that allowed personalization and gaming, and by exploiting new technologies which created businesses that didn’t exist before, such as ringtones.

Once the dot-com bubble had burst and 3G licence bidding had driven the industry into a downturn, Nokia faced new competition. Microsoft challenged Nokia in software, and Samsung and LG in hardware. Yet, Nokia was thriving as the competition heated up. It wasn’t enough, because the biggest disruption in mobile communications was yet to come – the Internet.
Behind the Scree, the Nokia story
Was it the Apple iPhone, Google Android or mismanagement of the corporation that brought Nokia to its knees? Behind the Screen tells the Nokia story from a near-bankrupt enterprise to a world leader business, and provides background information on changes in managament.