THE AMAZON MANAGEMENT SYSTEM - The Ultimate Digital Business Engine That Creates Extraordinary Value for Both Customers and Shareholders

A mind map book summary about "The Amazon Management System: The Ultimate Digital Business Engine That Creates Extraordinary Value for Both Customers and Shareholders"

About this book:

Amazon's trillion-dollar success is the envy of everyone, but achievable by anyone.

What has propelled their record streak of growth? Their management system, and it can do the same for you no matter what business you are in or what level.

Learning it is as simple as six building blocks distilled by New York Times bestselling author and global CEO advisor Ram Charan and Julia Yang in The Amazon Management System.

The Ultimate Digital Engine that Powered Amazon’s Unprecedented Growth and Shareholder Value Creation:

Building Block 1: Customer-Obsessed Business Model

Building Block 2: Continuous Bar-Raising Talent Pool

Building Block 3: AI-Powered Data & Metrics System

Building Block 4: Ground-Breaking Invention Machine

Building Block 5: High-Velocity & High-Quality Decision-Making

Building Block 6: A forever Day 1 culture.

From their high-velocity decision-making to their top talent hiring practices, the insider secrets behind Amazon's success are now within anyone's grasp, block by block.

Whether you are an established CEO or a recent college grad, this concise and actionable book will help your business win in a new digital era that demands nonstop innovation.

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Outline

THE AMAZON MANAGEMENT SYSTEM The Ultimate Digital Business Engine That Creates Extraordinary Value for Both Customers and Shareholders

BUILDING BLOCK #1 – A business model which is 100% customer-obsessed

Most companies are competition centric. They watch what their competitors do and try to beat their numbers. Amazon, by contrast, is customer-obsessed. The company uses platforms, ecosystem, and infrastructure to deliver more value to its customers.

BUILDING BLOCK #2 – Ongoing effort to raise the bar for talent

Traditional companies spend big money to recruit but have trouble deploying talent in the right jobs. Amazon's talent pool is carefully defined, thoroughly documented, rigorously chosen, and then provided with end-to-end performance feedback. In all interviews, Amazon has someone there whose sole job is to raise the bar for their talent.

BUILDING BLOCK #3 – AI powered data and metrics systems

In most companies, data is scattered and fragmented, making it hard to see the big picture. Amazon's data and metrics systems are ultra-detailed, cross-silo, end-to-end, and AI (artificial intelligence) powered. Everything can be tracked and analyzed.

BUILDING BLOCK #4 – Ground-breaking new innovation machine

Most companies have one brilliant innovation and then spend the rest of their time making year-to-year incremental improvements. Amazon keeps coming out with ground-breaking, game-changing innovations which create new and massive markets.

BUILDING BLOCK #5 – High-velocity and high-quality decision-making

Legacy management systems typically generated glacial pace and one-size-fits-all ideas. Amazon has a carefully articulated set of principles and consistent toolkits so employees can make the right decision immediately.

BUILDING BLOCK #6 – A forever Day-1 company culture

Amazon genuinely believes it's still at the beginning of its growth, not the end. The company is absolutely committed to combining the size and scale of a big company with the speed and agility of a startup. Amazon continually upgrades its organizational capabilities.