Type 1 and Type 2 Decisions (Jeff Bezos)

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🔥NEW Type 1 and Type 2 Decisions (Jeff Bezos)
Munadil Shafat, Student (MBA), Bangladesh, Premium Member
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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Contingency Theory
Summary
Forum
Type 1 and Type 2 Decisions (Jeff Bezos)
The Stacey Matrix
How to Apply / Implement Contingency Theories in a Context
Best Practices
🥇Discuss Contingency Theory
🥈Effects of Contigency Variables
🥉Right Way In Information Age
Major Weeknesses of Contigency Leadership Approach
The Cynefin Framework
Contingency Theory Strengths
Why Fiedler's Contingency Theory?
What is the Difference between the Contingency Theory versus the Situational Theory of Leadership?
Contingency Theory in 2 Countries
Contingencies Affecting Management Development
History of Contingency Theory
Donaldson's Neocontingency Model
Mission and Objectives > Leadership
Individual Unit of Analysis


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