Amazon Will Fail
Jeff Bezos predicted to Amazon employees that "one day Amazon will fail." As a large company, government regulation and potential antitrust violations are "big concerns." Bezos said that the goal was to delay failure for as long as possible and that requires a continuous focus on customers.
- No such thing as "too big to fail"
- The lifespan of large companies are often 30 - 50 years rather than 100+ years
- The way to delay the inevitable for as long as possible is to maintain a focus on the customers
- It is to be expected that such a large company will be scrutinized by government regulators
- What factors often lead to the demise of large companies? Provide examples to support your argument.
- Why do you think Bezos predicted to his employees that Amazon would fail one day?
- If the key is to focus on the customer, how do you keep that focus as the company grows?
- What advantages do small businesses have over large businesses?