Jeff Bezos is a proud businessman filled with passion, drive, and years of wisdom.
Jeff Bezos has strongly believed that customers or clients need to be treated with compassion. Furthermore, Bezos’s understands that every customer is important regardless of their financial status and economic level. In addition, Bezos has implemented a core of ethics that help increase customer satisfaction and work performance. As he once said, “If you’re competitor-focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering.” Simply put, if your business values is geared mainly towards the customer, your company can flourish.
It’s not about the money. Without doubt, company principals are essential.
Many companies that were once successful failed to sustain their successes over a long period of time. In addition, corporations like Blockbuster and Kodak failed because of their unwillingness to adapt. Jeff Bezos believed in adaption and innovation are yet another set of values that shouldn’t be underestimated. As proven, there have been many examples of how businesses neglected to transform themselves and suffered the consequences. Clearly, Bezos has a vision of how Amazon is going achieve long term success. If a company wants to stay successful, they must be willing to change their approach in the business world.
Knowing the current market trends will keep current customers loyal to the company. An organization will be able to create new relationships with business partners with their market trend thinking. Bezos knows very well that many companies don’t understand how using the market needs can enhance an organization. Furthermore, a company can set themselves for failure if they don’t continuously for fill customer wants. The market is very similar to what customer are looking for and if we fail to understand that, we can’t create company that’s sustainable.
Jeff Bezos makes his own company standards. He lives by them in every facet.
Corporate Valley introduces an inspiring message from Jeff Bezos that all people wanting to succeed should watch. Start-up companies face a harsh reality that 90% businesses fail to in the first 5 years due to many reasons. Bezos wants to express that a company can increase their success by following ethical values. Lastly, the speech shows how Bezos learned that if you have an idea, don’t discard it. We all have creative minds that can literally change the planet and innovate us.
Most companies fail to reach market demands because they’re aren’t built initially to create solutions for customers. Yes, a customer may be happy short term with how a company creates products for them. However, how will a customer feel about the product/service 7-10 years from now? Will a company continue its trend of not reaching market values in this new generation or will they adapt? Jeff Bezos can’t stress enough that customers wants can change drastically. But, if a company has core values of change, anything is quite possible in maintaining customer loyalty and satisfaction. Design your company to keep customers happy while being open to growing. If you’re willing to keep the customer in mind with what your company represents, anything is achievable.