Wednesday, 26 September 2018

6 page memos

Just have been reading an article about Jeff Bezos's approach to keeping a company as dynamic as a startup is or should be.

I'll take the liberty to (disagree and commit lol) almost just bullet-point list out the keywords ... just becasue this is how much time I have :) - the below only makes sense together with the above Forbes link really)

First, "senior executives start meetings at Amazon in silence, with everyone reading six-page narrative memos about the topic they are gathered to discuss, for up to 30 minutes"
Note that here quality preparations are brought into the game - when appropriate at least.

Then, it is important to make a distinction between decisions: "Type 1 decisions can't be reversed and as such require great care. Type 2 decisions can be easily reversed."

"Make Decisions With 70% Of The Info You Wish You Had"

"Disagree and commit"

"You have to somehow make high-quality, high-velocity decisions"

Well, that's it, build your own Amazon!