The second richest man in the world as of June 2021, built one of the most successful businesses in our time. He did it by establishing and instilling these 14 leadership principles for his employees.
As a small business owner, have you asked yourself what motivates you to get up every day to do what you do? Is it a commitment to solving problems for your clients, quality work that you do, or your commitment to putting the customer first at all times?
What about your employees, do they adhere to these same morals and values? If not, have you put processes in place to ensure you communicate these values to every corner of your business?
Jeff Bezos did it at Amazon, and that is proof that having strong values for your small business can lead to tremendous success. From customer service, employee management, hiring to business operations, we are sure you will learn a thing or two from Amazon.
The most important key here is your commitment and consistency to these values. Do not just create or follow these 14 leadership principles for the sake of having them and think you are going to reap the benefits for yourself and the business. No, you have to truly live and embody every element of it – every day, week, and year.
Here are the 14 leadership principles from Amazon you need in your toolbox to grow and built a successful business:
1. Customer Obsession.
Leaders start with the customer and work backward. They work vigorously to earn and keep customer trust. Although leaders pay attention to competitors, they obsess over customers.
Leaders are owners. They think long term and don’t sacrifice long-term value for short-term results. They act on behalf of the entire company, beyond just their own team. They never say “that’s not my job.”
3. Invent and Simplify.
Leaders expect and require innovation and invention from their teams and always find ways to simplify. They are externally aware, look for new ideas from everywhere, and are not limited by “not invented here.” As we do new things, we accept that we may be misunderstood for long periods of time.
4. Are Right, a Lot.
Leaders are right a lot. They have strong judgment and good instincts. They seek diverse perspectives and work to disconfirm their beliefs.
5. Learn and Be Curious.
Leaders are never done learning and always seek to improve themselves. They are curious about new possibilities and act to explore them.
6. Hire and Develop the Best.
Leaders raise the performance bar with every hire and promotion. They recognize exceptional talent, and willingly move them throughout the organization. Leaders develop leaders and take seriously their role in coaching others. We work on behalf of our people to invent mechanisms for development like Career Choice.
7. Insist on the Highest Standards.
Leaders have relentlessly high standards; many people may think these standards are unreasonably high. Leaders are continually raising the bar and drive their teams to deliver high-quality products, services, and processes. Leaders ensure that defects do not get sent down the line and that problems are fixed so they stay fixed.
8. Think Big.
Thinking small is a self-fulfilling prophecy. Leaders create and communicate a bold direction that inspires results. They think differently and look around corners for ways to serve customers.
9. Bias for Action.
Speed matters in business. Many decisions and actions are reversible and do not need extensive study. We value calculated risk taking.
Accomplish more with less. Constraints breed resourcefulness, self-sufficiency, and invention. There are no extra points for growing headcount, budget size, or fixed expense.
11. Earn Trust.
Leaders listen attentively, speak candidly, and treat others respectfully. They are vocally self-critical, even when doing so is awkward or embarrassing. Leaders do not believe their or their team’s body odor smells of perfume. They benchmark themselves and their teams against the best.
12. Dive Deep.
Leaders operate at all levels, stay connected to the details, audit frequently, and are skeptical when metrics and anecdote differ. No task is beneath them.
13. Have Backbone; Disagree and Commit.
Leaders are obligated to respectfully challenge decisions when they disagree, even when doing so is uncomfortable or exhausting. Leaders have conviction and are tenacious. They do not compromise for the sake of social cohesion. Once a decision is determined, they commit wholly.
14. Deliver Results.
Leaders focus on the key inputs for their business and deliver them with the right quality and in a timely fashion. Despite setbacks, they rise to the occasion and never settle.
We hope you find these 14 leadership principles from Amazon useful if you have questions on how to implement these leadership principles in your small business. Feel free to contact DigitalChores.