Back

Arcane

Hey, I'm on Medial • 8m

Jeff Bezos on Business Strategy: I very frequently get the question: 'What's going to change in the next 10 years?' And that is a very interesting question; it's a very common one. I almost NEVER get the question: 'What's NOT going to change in the next 10 years?' And I submit to you that that second question is actually the more important of the two -- because you can build a business strategy around the things that are stable in time. In our retail business, we know that customers want low prices, and I know that's going to be true 10 years from now. They want fast delivery; they want vast selection. It's impossible to imagine a future 10 years from now where a customer comes up and says, 'Jeff I love Amazon; I just wish the prices were a little higher, OR 'I love Amazon; I just wish you'd deliver a little more slowly.' Impossible. And so the effort we put into those things, spinning those things up, we know the energy we put into it today will still be paying off dividends for our customers 10 years from now. When you have something that you know is true, even over the long term, you can afford to put a lot of energy into it.

2 Replies
2
7
Replies (2)

More like this

Recommendations from Medial

Image Description
Image Description

RAJESH

Aspiring Entrepreneu... • 12h

Peter Thiel throws 7 brutal questions every founder should ask before building their startup dream. Here they are (ask yourself too 👇): 1. The Engineering Question – Can you create a breakthrough tech? 2. The Timing Question – Is now the right ti

See More
7 Replies
49
37
Image Description

Vishu Bheda

 • 

Medial • 1m

Jeff Bezos was able to quit his high-paying job because he already had savings, and his parents were rich and supportive. Most founders aren’t that luxurious. Of course, going all in helps, but remember it’s riskier for someone who doesn't have savin

See More
1 Reply
12

Abhishek Kharode

Hey I am on Medial • 4m

hello everyone, what could be the upcoming technology after AI? because at some point creation of AI will be done and after that we will be having a question what's next? and 5-10 years what will be the upcoming technology.

Reply
3
Image Description
Image Description

Hemant Prajapati

▁▂▃▄▅▆▇ @SDE1 TechS... • 1y

I have a little question i.e. Does Medial uses some news API or just put their news data manually.

4 Replies
5

vineet arora

Serenity in chaos • 2m

Just a question to all, suppose you have power to invest. will you fund a project that has a million users, targeting 2-3 million users every year, but no revenue initially. the revenue will start pouring in 3 years down the line when the count excee

See More
Reply
3
Image Description

Anant Sharma

"Innovating Solution... • 7m

IN next 10 to 20 years colleges are going to be shut as the education system is going on in INDIA , what is your opinion, ???? it's all about skills .

3 Replies
2
Image Description

Haider Zaidi

"Craft your story, f... • 1y

I have a question that as a video editor how can I help the business?

1 Reply
5

Download the medial app to read full posts, comements and news.