Jeff Bezos Leadership

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Jeff Bezos

It takes a lot of guts to leave the comforts of your stable job on Wall Street, then move your family halfway across the country and invest all of your parents’ life savings to start up a new business with merely a 10% chance of success. However, Jeffrey Preston Bezos, later well­known as “Jeff” Bezos, decided to make the gamble. “I knew that if I failed I wouldn’t regret that, but
I knew one thing I would regret is not trying.” With this philosophy in mind,
Bezos created in 1995. Initially, Amazon was just an online bookstore. Over the years though, Amazon diversified its merchandizes and began to sell DVDs, videos, MP3 players, video games and electronics, etc.
The humble business, which kicked off in Bezos’s garage, has become a giant online retailer today, shipping a vast range of products to customers around the world.

The inspiration for Amazon sparked off when Bezos discovered an amazing phenomenon: internet usage was increasing by 2300% a year. This statistic set off an alarm in his head. He began to brainstorm ideas on how to build a business plan around this growing industry. After doing some research, Bezos decided that books would be the best market to begin an e­commerce business in for several reasons. First, unlike clothes that consumers want to try on, or food that could potentially spoil, because books possess a minimally low risk for consumers to buy online before seeing. For this reason, Bezos believe that more people would be willing to order books online than other…...

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...Understanding Leadership Styles resulted in massive reven&ues and sales for Amazon and a loyal customer ase. 9n spite of these recommendale efforts7 Bezos2 transactional leadership 8ualities may have argualy resulted in a stressful /or+ing environment /here employees do not feel /ell positioned to caution this e0tra ordinary leader aout his unrealistic usiness e0pansion plans. Mangalindan 4,-#6 attriutes Amazon2s huge losses regardless of revenue and sales gro/th to the company2s hunger for e0panding its already gargantuan portfolio. 9t is reasonale to assume that this is a direct result of Bezos2s /ill to e0pand y any means at a fast rate. #oncl(sion 'o sum upG Jeff Bezos is a tas+ oriented7 transactional and transformational leader.>is leadership style has resulted in Amazon eing a success story in terms of revenues7 sales and stoc+ price analysis yet lac+ing in eing a good /or+ing environment and recording a profit on the ottom line. (erhaps7 Bezos must slo/ do/n his transformational characteristics and allo/ Amazon to record profits efore e0panding it any further. Also7 it may e eneficial to the company that Bezos tones do/n his transactional leadership 8ualities in an effort to ma+e the environment friendlier and fle0ile. 6 Understanding Leadership Styles eferencesBessinger7 H. 4,-#7 July6. Amazon eports Loss espite Strong Sales Hro/th. The Wall Street Journal. etrieved online from http:II///./s=.comI*oo+7 J. 4,-##7 June6. @aceoo+7......

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