Dear Shareholders

Amazon - 2012


Listen Later

Visit ⁠Dear Shareholders⁠ website to get updates and vote on what shareholder letters come next.


Show Notes:

  • Amazon's customer-centric approach and proactivity. 0:00

    • Amazon prioritizes customer satisfaction over competitor focus in its culture and business strategies.

    • Amazon's improvements to Prime and Fulfillment by Amazon. 1:36

      • Amazon proactively invests in Prime benefits, expanding selection and driving customer trust.

      • Proactive customer refunds and payment schedules. 3:01

        • Amazon proactively refunds customers for poor experiences, earning trust and loyalty.

        • Amazon's business strategies and customer-focused initiatives. 4:50

          • Amazon prioritizes customer satisfaction by offering premium hardware at breakeven prices, and saving customers millions through AWS trusted advisor.

          • Long-term thinking and customer satisfaction at Amazon. 6:28

            • Jeff Bezos emphasizes the importance of long-term thinking and customer satisfaction, citing Benjamin Graham's advice to "think in terms of the long run, not the short run."

            • Bezos expresses confidence in Amazon's approach, despite potential mistakes and competition, and highlights the company's commitment to innovation and customer delight.

            • ...more
              View all episodesView all episodes
              Download on the App Store

              Dear ShareholdersBy Brock Briggs