Download - JEFF BEZOS(AMAZON)-On his Leadership
JEFF BEZOS
He is the Founder of amazon.com.Jeff Bezos defined online shopping and rewrote the rules of e-commerce.
SOME IMPORTANT DATES
• Was born on Jan 12, 1964 in New Mexico
• In 1982 he graduates from High school and joins Princeton
• In 1988 joins Bankers Trust.
• In 1990 he became the youngest vice president in the history of Bankers Trust.
• 1993 : Marries McKenzie Bezos(Tuttle)
• 1994 : Wrote his business plan on his trip from New York to California
• 1994 : Quits his job at DE Shaw to start his own venture
• 1995,July 5: Amazon went online
• 1997 : Amazon.com begins trading at NASDAQ as AMZN at split-adjusted price of $1.5
• 1998 : Amazon.com expands to music CD’s
• 1999 : Amazon.com stock peaks at $113 per share but yet to turn a profit. Bezos is undeterred and focusses on expanding the company and building the brand.
• 1999 : Expands to toys, electronics, software and video games. Also launches amazon.com auctions.
• 1999 : Named Time’s Person of the Year, ranked No.19 on Forbes global rich list.
DOT COM BUBBLE BURST (1997-2000)
• When the dot-com bubble burst at the start of the 21st century, destroying many e-companies in the process, Amazon survived.
• 1999 – Lost $719 million
• 2000- Lost $1.4 billion
• Stock prices fell from $113 to $13
• Laid off 1300 employees
CHANGE IN FORTUNE
• 2001: Finally turns profit of $5 million in 4 th quarter
• 2002: Bezos’ fortune dwindles down to $1.5 billion dollars in Amazon stock ; no interest in pushing stock prices rather focus on customer as long term strategy
• 2004, Jan: Reports full year profit earning of $35 million for all of 2003
• 2006 : Annual sales over $10.7 billion
• 2007: Introduces Amazon kindle
• 2010: Kindle and e-book sales had reached $2.38 billion
• 2013 :revenues at Amazon.com Inc. totaled $74.5B USD, while annual earnings equaled $0.59 per share.
HIGH MACH
TYPE ‘A’
OPENESS TO EXPERIENCE
LEADERSHIP• Frugality
• Visionary
• Innovator
• Approachable
His religion- CONSUMERISMJEFF BEZOS – THE MARKETER
Surrogate Customers – “Customer Experience Bar Raisers”
I am the CUSTOMER
Software(SILK) BACKWARD INTEGRATION Books
FORDWARD INTEGRATION Hardware(KINDLE)
WHISPER SYNC
AWARDS & ACHEIVEMENTS• In 1990,at the age of 26 he became the
youngest vice president in the history of Banker’s Trust.
• He was named Time magazine's Person of the Year in 1999.
• In 2008, he was selected by U.S. News & World Report as one of America's best leaders.
• In 2012, Bezos was named Businessperson of The Year by Fortune.
• In 2013, Aug 5: Bought The Washington Post for $250 million.
• Bezos is listed as one of the wealthiest people in the world with an estimated net worth of $28 billion.
• He was ranked the second best CEO in the world by Harvard Business Review.
The Everything Store: Jeff Bezos and the Age of Amazon – Brad Stone.
Smile All The Way!!
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