Amazon is 1 of the biggest American multinational technology companies. It is with reference to invention, experiments, revolution, customer satisfaction, and creativity. Jeff Bezos is the foregoing CEO, and the founder of Amazon. With a total net worth of approximately $200 billion, he remains the richest being in the world. Bezos’ success story is not just restricted to Amazon. Moreover, he even owns Blue Origin, a rocket company and a newspaper company named Washington Post. The success story of Bezos is all about austerity and hard work.
EARLY LIFE:
Jeff Bezos was born in Mexico. His mother’s name is Jacklyn and his father’s name was Ted Jorgensen, they got married in 1965. In 1968, Jacklyn then got married to Miguel Bezos . After the completion of Jeff’s graduation, he got many offers from different companies. However, he rejected them all. By the age of 30, he had already begin earning a salary of 6 figures.
But his voyage includes joining and resigning from numerous companies. Hard to enclose true genius in one vocation, one would say. One day as he was browsing through the net, he discovered that the web world is growing at the rate of 2300% and decided to start a company.
SUCCESS STORY OF AMAZON:
Jeff Bezos was dogged to accomplish his dream to establish his own company. Finally, Amazon was established through a constant and ceaseless quest to build up a qualified organisation. The success story of Amazon is very interesting. It was created on some specified pillars of single-minded concentration, on feature, and will always avail the better consumer experience to all the individuals who are connected with Amazon. Moreover, the efforts that Jeff put into attaining success are what we are watching today.
JEFF BEZOS SUCCESS STORY:
Jeff Bezos went on and endeavoured a lot to build a system of web marketing. He was retailing the system of the web when the world was pondering or oblivious of the functions of the internet and how it works. One of the prime points for the success of this multinational company is that his focus was never to beat or conquer his competitors. Preferably it has been concentrating on helping out all the customers in conjunction with building actual value for them. These strategies on which Amazon works keep all of them engaged in the execution of their policies and plans.
VISION OF JEFF BEZOS:
From the very start of Amazon, Jeff knew that he wanted to make a builders’ culture. These builders contain individuals who are explorers and peculiar. Individuals that are always eager to initiate something new to the world. The plan was that the mentality of builders aids the company and they are:
- To approach something big, and also hard to solve opportunities.
- Alongside with the unassuming conviction that victory can be achieved through repetition that are launch, invent, start over, reluctant, reclaim, repeat, rinse, and try hard.
- It is hard to know about the customer’s demand and choice. So the introduction of friendly facilities becomes a touching or pitiful task for the builders.
FAILURES IN THE PATH OF JEFF BEZOS STORY:
In the success story of Jeff Bezos, there are a number of faults and failures. As it is often said that if there are no mistakes then the work you are working on must not be that important. There are many roves that Bezos commenced and experimented with which failed. But this is what is broadening of the culture. Some of the examples of such failures are:
- FIRE PHONE – It is 1 of the experiments of Bezos. The Fire phone demonstration resulted in the loss of Rs. 17 crores. This loss was wholly a huge blow for the company. In spite of the efforts that were put in by the company, it wasn’t able to compete with iPhone and Android.
- AMAZON LOCAL – This initiative was taken to provide a frequent deal whose outcome was not well.
- OTHER FAILURE – Amazon wallet, Music importer, Amazon Kindle, Amazon local, Amazon WebPay, Askville, etc. are a few of the failed experiments of Jeff Bezos.
INNOVATION IS THE CORE:
As it was mentioned above, Amazon company’s prime focus was never to conquer its competitors. Under the direction of Jeff, the group was able to employ over 1.4 million dedicated and talented employees while concentrating on the inventions as its key focus. The success story of Amazon even involves some of the crucial successes of inventions that enfolded all the losses as the outcome of some failed experiments. According to Jeff , failure is surprisingly the experience that will lead the way you to success. Amazon has always flourished to invent something new and give its customers approachable facilities.
VITAL DECISION OF STEPPING DOWN FROM THE POSITION OF THE CEO:
With the arrival of Feb in 2021, Jeff announced that he is going to step down from the position of the Amazon company’s CEO soon. This was intended to make certain immovable concentration on many other projects. And on 6th July, the former head of the web service of Amazon, Andy Jassy, became the new CEO of Amazon.
Bezos’ career orientationally describes that an idea will always be an idea unless you may try it. It might either fail or succeed. But if it succeeds then you might be standing at the top of the success. In the success story of Jeff, along with success, there are also obstacles which the company had to go through.
HOW MUCH OF AMAZON DOES JEFF BEZOS OWN NOW?
Earlier owning 16% of the company, the Amazon employee sold $8.8 billion worth of his Amazon stock after stepping back as Amazon CEO to become executive chairman in July 2021. Despite owning less than 10 percent of the company today, his net worth is estimated to be a whopping $171 billion, per Forbes. Preceding to leaving his position as CEO, Bezos went through a public divorce with his now ex-wife MacKenzie Scott. After 25 years of marriage, MacKenzie received 4% of Amazon in the settlement valued at $38 billion.
WHAT IS JEFF BEZOS DOING PRESENTLY?
Now with more time on his hands, Bezos is of course philanthropic thanks to his Bezos Family Foundation, nonetheless, he is still involved in the condemnation of wealthy corporations like his garner on the issue of corporate taxes.
CONCLUSION:
Jeff Bezos officially settled Amazon, an e-commerce giant, out of a depot located in Seattle. To start up his own company Jeff Bezos moved out of his comfort zone. He had experienced many failures in his life but was never demoralised by them. He took his failed presentations as an opportunity to learn more from his mistakes or failure.
Jeff has been an improbable motivational figure as well. It is the outcome of the multinational company’s hard work that surprisingly in this pandemic era also, the hard work has proved to be quite valuable. It has made a lot of good profits since last 2020 as people were quarantined in their homes and online delivery was the only option for them. Success Story Of Jeff Bezos Founder And Former Ceo Of Amazon Group Click Here.
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