Rotman Management Magazine

Amazon’s Leadership Principles

-

1. Customer obsession. Leaders start with the customer and work backwards. They work vigorously to earn and keep customer trust. Although leaders pay attention to competitor­s, they obsess over customers.

2. Ownership. Leaders are owners. They think long term and don’t sacrifice long-term value for short-term results. They act on behalf of the entire company, beyond just their own team. They never say “that’s not my job.”

3. Invent and simplify. Leaders expect and require innovation and invention from their teams and always find ways to simplify. They are externally aware, look for new ideas from everywhere, and are not limited by “not invented here.” As we do new things, we accept that we may be misunderst­ood for long periods of time.

4. Leaders are right a lot. But not always. Leaders are right a lot. They have strong judgment and good instincts.

But they also seek diverse perspectiv­es and work to disconfirm their own beliefs.

5. Learn and be curious. Leaders are never done learning and always seek to improve themselves. They are curious about new possibilit­ies and act to explore them.

6. Hire and develop the best. Leaders raise the performanc­e bar with every hire and promotion. They recognize exceptiona­l talent, and willingly move them throughout the organizati­on. Leaders develop leaders and take seriously their role in coaching others.

7. Insist on the highest standards. Leaders are continuall­y raising the bar and drive their teams to deliver high quality products, services, and processes. Leaders ensure that defects do not get sent down the line and that problems are fixed so they stay fixed.

create 8. Think and big. communicat­e Thinking small a bold is a direction self-fulfilling that prophecy. inspires results. Leaders They think differentl­y and look around corners for ways to serve customers.

9. Bias for action. Speed matters in business. Many decisions and actions are reversible and do not need extensive study. We value calculated risk taking.

10. Frugality. Accomplish more with less. Constraint­s breed resourcefu­lness, self-sufficienc­y, and invention. There are no extra points for growing headcount, budget size, or fixed expense.

11. Earn trust. Leaders listen attentivel­y, speak candidly, and treat others respectful­ly. They are vocally self-critical, even when doing so is awkward or embarrassi­ng. They benchmark themselves and their teams against the best.

12. Dive deep. Leaders operate at all levels, stay connected to the details, audit frequently, and are skeptical when metrics and anecdote differ. No task is beneath them.

13. Have backbone; disagree and commit. Leaders are obligated to respectful­ly challenge decisions when they disagree, even when doing so is uncomforta­ble or exhausting. Leaders have conviction and are tenacious. They do not compromise for the sake of social cohesion. Once a decision is determined, they commit wholly.

14. Deliver results. Leaders focus on the key inputs for their business and deliver them with the right quality and in a timely fashion. Despite setbacks, they rise to the occasion and never settle.

Newspapers in English

Newspapers from Canada