04.20.2021 - By NFX
Jeff Wilke (former CEO, Amazon's Worldwide Consumer Business) sheds light on a counter-intuitive driver behind unusual success: Focus on the inputs, not the outputs. Jeff shares the 3 drivers underlying the rise of Amazon, Prime, Alexa, and AWS, including:
1. "Mechanisms": Amazon's definition, two failure modes, and why they're harder to implement than it first appears
2. A Single-Page Culture: How Amazon's set of principles proved to be an inoculation against a drifting culture
3. Single-Threaded Invention
In practice, operational excellence is the key driver to executing consistently for the long term. It is the secret for harnessing creativity that compounds value over time.