Type 1 and Type 2 Decisions (Jeff Bezos)

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Munadil Shafat, Student (MBA), Bangladesh
🔥NEW We are used to approach decision making from many different angles… strategic to operational, personal to professional, long-term to short-term and so forth. Back in 2015, Amazon's CEO Jeff Bezos shared that being able to distinguish between 2 types of decisions had proved to have great impacts on Amazon's success. It was in a where he started with saying how once a simple startup Amazon has since become matured and eventually built 3 profitable business lines – Prime, Marketplace and AWS. Unlike many he acknowledged the presence of luck in each of those endeavors as he wrote, "Luck plays an outsized role in every endeavor, and I can assure you we've had a bountiful supply." But he also thinks decision making had a unique role as well. Even though many of their decisions proved to be a failure, he described failure as a part of Amazon's distinctive culture and that Amazon is "the best place in the world to fail". In that letter he clarified why even those failure couldn't stop Amazon (...) Read more? Sign up for free

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  Maurice Hogarth, Consultant, United Kingdom
 

A Decision Made is not the Same as a Decision Taken

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  Steve Player, Director, United States
 

Examples of Type 1 and Type 2

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  Jaap de Jonge, Editor, Netherlands
 

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  Munadil Shafat, Student (MBA), Bangladesh
 

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  Libardo Daza, Business Consultant, Colombia
 

Libardo Alberto Daza, Consultor, Miembro, Colombia

@: A todos muchas gracias por compartir sus apreci (...)

  Rick McPherson, Teacher, United States
 

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  Graham Williams, Management Consultant, South Africa
 

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  Maurice Hogarth, Consultant, United Kingdom
 

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  Graham Williams, Management Consultant, South Africa
 

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  Jaap de Jonge, Editor, Netherlands
 

Type 1 and Type 2 Decisions (Bezos of Amazon)

Thanks all for sharing your views. Sometimes the b (...)

 
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