Amazon failed with its attempt to introduce a cool smartphone, Fire Phone. The hotel booking site, Amazon Destinations, was similarly an epic failure. Amazon Auctions and several other ventures crashed and burned. Jeff Bezos, CEO of Amazon, believes failed experiments are a necessary evil to creating successful inventions. He says failure and inventions are “inseparable twins.”
Instagram Photo / Eugene Hsu
Jaws dropped last week when Amazon announced its intention to purchase Whole Foods for $13.7B ($18B AUD). What are the leadership lessons from the announcement?
One obvious answer is that no business is immune from disruption. Amazon, a technology business intends to move into an adjacent bricks and mortar industry as the lines between technology and business become blurred. John McDulig, writing in the Australian Financial Review put it this way, “The distinction between tech and business is becoming irrelevant.… Read more