• How to Grow Your Business Like Amazon - The Accelerate Cycle

  • May 27 2021
  • Length: 34 mins
  • Podcast

How to Grow Your Business Like Amazon - The Accelerate Cycle

  • Summary

  • In the newest installment of How to Grow Your Business Like Amazon, Steve takes a deep dive into the Accelerate Cycle, which contains the core principles that propelled Amazon's massive growth.

    Within the Accelerate Cycle, Steve highlights the origins and importances behind the following principles: Generate High-Velocity Decisions, Make Complexity Simple, Accelerate Time with Technology, and Promote Ownership.

    Listen as Steve walks us through how Jeff Bezos focused on each of these core principles to enhance various sectors of Amazon, as well as integrate new, lofty ideas thought to be impossible.

    So sit back, relax, and enjoy another thought-provoking conversation that could leave you with some helpful information, which you could apply to your own business!

    Timecodes:

    00:05 - Introduction and overview on past episodes

    00:50 - The Accelerate Cycle overview

    01:45 - Principle 7: Generate High-Velocity Decisions

    05:00 - Never make a one-size-fits-all decision making process

    07:30 - The importance behind the phrase "disagree and commit"

    10:00 - Writing clarifies your thoughts

    12:50 - Principle 8: Make Complexity Simple

    14:50 - Amazon re-invented a basic book with the Kindle

    19:30 - Principle 9: Accelerate Time with Technology

    22:00 - Amazon Web Services is a perfect example of this principle

    25:40 - Principle 10: Promote Ownership

    28:00 - Getting employees to act and think on behalf of the entire company

    30:30 - The Amazon Smile concept to incorporate charitable giving

    33:20 - What is coming in the next episode

    Connect with Steve Anderson:

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