Since Amazon was started in 1994 it has grown into a behemoth, netting $178 billion in revenue in 2017. It’s expanded into countless industries after beginning strictly selling books. It’s continuing to expand with acquisitions, most recently acquiring Ring.
Through this growth, Amazon has also failed a lot. It’s made poor acquisitions, lost key employees and taken on failed projects. Ultimately, though, it’s continued to move forward. Due to the nature of the Amazon story, its success and its length of existence, much can be learned from the company. Jeff Bezos has been a revolutionary at the helm, and his leadership has spread throughout the entire organization.
Here are 10 leadership lessons that you can learn and apply from Amazon’s massive success:
- Give employees autonomy.
- Give employees a meaningful vision.
- Put the customer first.
- Be patient.
- Embrace failure.
- Find the best people and go after them obsessively.
- Give people new roles when the time is right.
- Embrace external trends.
- Never eliminate quick decision-making and small teams.
- Force people to be concise.
Read more about these 10 leadership lessons here.
ABOUT MIKE MERCURIO
Mr. Mercurio is a Principal and the Chair of the Firm’s Business Law and Transactions Practice Group. He serves as outside general counsel to clients on matters related to corporate and business law, commercial transactions, government contracting, health care, construction services, and real estate. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on all aspects of business and commerce including formation and structure; ownership, management and control; financing and capital; expansion and acquisition; sale and transfer; and contraction and dissolution.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 140 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our eleven offices serve individual and corporate clients in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
You can connect with Offit Kurman via our Blog, Facebook, Twitter, Google+, YouTube, and LinkedIn pages. You can also sign up to receive Law Matters, Offit Kurman’s monthly newsletter covering a diverse selection of legal and corporate thought leadership content.
MARYLAND | PENNSYLVANIA | VIRGINIA| NEW JERSEY | NEW YORK | DELAWARE | WASHINGTON, DC