Editing Jeff Bezos (section)

=== Leadership style ===
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| title = <span style="font-size:90%">"Day 1" Management Philosophy</span>
| quote = Day 1: [[Startup company|start up]]<br />Day 2: [[Punctuated equilibrium|stasis]]<br />Day 3: [[Relative market share|irrelevance]]<br />Day 4: "excruciating, painful decline"<br />Day 5: [[Bankruptcy|death]]
| source = Bezos has stated "it is always Day 1" to describe his [[Mindset|growth mindset]].<ref>{{cite news|url=https://www.recode.net/2017/4/12/15274220/jeff-bezos-amazon-shareholders-letter-day-2-disagree-and-commit|title=This is the Jeff Bezos playbook for preventing Amazon's demise|last=Del Ray|first=Jason|date=April 12, 2017|work=Recode|access-date=April 22, 2018|archive-date=April 20, 2018|archive-url=https://web.archive.org/web/20180420151228/https://www.recode.net/2017/4/12/15274220/jeff-bezos-amazon-shareholders-letter-day-2-disagree-and-commit |url-status=live}}</ref><ref>{{cite news|url=https://www.marketwatch.com/story/amazons-bezos-could-teach-large-companies-a-thing-or-two-about-strategy-2017-04-20|title=Amazon's Bezos could teach large companies a thing or two about strategy|last=Atsmon|first=Yuval|date=April 22, 2017|website=MarketWatch|access-date=April 22, 2018|archive-date=April 23, 2018|archive-url=https://web.archive.org/web/20180423034019/https://www.marketwatch.com/story/amazons-bezos-could-teach-large-companies-a-thing-or-two-about-strategy-2017-04-20|url-status=live}}</ref>
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}}Bezos used what he called a "regret-minimization framework" while working at [[D. E. Shaw & Co.|D.&nbsp;E. Shaw]] and again during the early years of Amazon. He described this [[Lebensphilosophie|life philosophy]] by stating: "When I'm 80, am I going to regret leaving Wall Street? No. Will I regret missing the beginning of the Internet? Yes."<ref>{{cite news|url=https://www.wired.com/1999/03/bezos-3|title=The Inner Bezos|last=Bayers|first=Chip|magazine=Wired|access-date=March 7, 2018|archive-date=March 20, 2018|archive-url=https://web.archive.org/web/20180320200110/https://www.wired.com/1999/03/bezos-3/|url-status=live}}</ref> During the 1990s and early 2000s at Amazon, he was characterized as trying to quantify all aspects of running the company, often listing employees on spreadsheets and basing executive decisions on data.<ref name="Inside the Mind of Jeff Bezos" /> To push Amazon forward, Bezos developed the [[mantra]] "Get Big Fast", establishing the company's need to [[Economies of scale|scale]] its operations to produce market dominance.<ref name="Amazon.com {{!}} History & Facts" /> He favored diverting Amazon profits back into the company in lieu of allocating it amongst shareholders in the form of [[dividend]]s.<ref name="fastcompany.com" />

Bezos uses the term "work–life harmony" instead of the more standard "[[work–life balance]]" because he believes that ''balance'' implies that you can only have one and not the other. He believes that work and home life are interconnected, informing and calibrating each other.<ref>{{cite news|url=https://techcrunch.com/2017/11/05/jeff-bezos-guide-to-life|title=Jeff Bezos' guide to&nbsp;life|newspaper=[[TechCrunch]]|last=Constine|first=Josh|access-date=March 7, 2018|archive-date=March 8, 2018|archive-url=https://web.archive.org/web/20180308042146/https://techcrunch.com/2017/11/05/jeff-bezos-guide-tco-life/|url-status=live}}</ref> Journalist [[Walt Mossberg]] dubbed the idea that someone who cannot tolerate criticism or critique should not do anything new or interesting "[[q:Jeff Bezos|The Bezos Principle]]".<ref>{{cite web|url=https://boingboing.net/2016/06/01/what-amazons-jeff-bezos-thin.html|title=What Amazon's Jeff Bezos thinks about Peter Thiel and Hulk Hogan vs. Gawker|website=[[Boing Boing]]|date=June 2, 2016|last=Mossberg|first=Walt|access-date=April 22, 2018|url-status=live|archive-url=https://web.archive.org/web/20180423102143/https://boingboing.net/2016/06/01/what-amazons-jeff-bezos-thin.html|archive-date=April 23, 2018}}</ref> Bezos does not schedule early morning meetings and enforces a two-pizza rule—a preference that meetings are small enough for two [[pizza]]s to feed everyone in the boardroom.<ref name="businessinsider.com">{{cite web|url=http://www.businessinsider.com/jeff-bezos-daily-routine-2017-7?op=0#when-he-does-call-a-meeting-bezos-employs-a-two-pizza-rule-he-never-organizes-a-meeting-where-two-pizzas-couldnt-feed-the-entire-group-5|title=A day in the life of the richest person in history, Jeff Bezos – who made $6.44&nbsp;billion in one day and still washes the dishes after dinner|last=Caine|first=Aline|work=Business Insider|access-date=March 7, 2018|url-status=live|archive-url=https://web.archive.org/web/20180308042243/http://www.businessinsider.com/jeff-bezos-daily-routine-2017-7?op=0#when-he-does-call-a-meeting-bezos-employs-a-two-pizza-rule-he-never-organizes-a-meeting-where-two-pizzas-couldnt-feed-the-entire-group-5|archive-date=March 8, 2018}}</ref> When interviewing candidates for jobs at Amazon, he has stated he considers three inquiries: can he admire the person, can the person raise the [[Status quo|common standard]], and under what circumstances could the person become exemplary.<ref>{{cite news|url=https://www.cnbc.com/2018/08/01/jeff-bezos-questions-amazon-used-to-hire-employees.html|title=This is Jeff Bezos' 3-question test for new Amazon employees|publisher=CNBC|date=August 1, 2018|last=Montag|first=Ali|access-date=August 7, 2018|url-status=live|archive-url=https://web.archive.org/web/20180808043447/https://www.cnbc.com/2018/08/01/jeff-bezos-questions-amazon-used-to-hire-employees.html|archive-date=August 8, 2018}}</ref>

In 2018, it was reported that he met with Amazon investors for just six hours a year.<ref name="businessinsider.com" /> Instead of using [[presentation program|presentation slides]], Bezos requires high-level employees to present information with six-page narratives.<ref>{{cite news|url=https://www.nytimes.com/2018/04/20/technology/kevin-week-in-tech-bezos.html|title=Kevin's Week in Tech: Jeff Bezos Reminds Tech Who's Boss|newspaper=The New York Times|date=April 20, 2018|last=Roose|first=Kevin|access-date=April 21, 2018|url-status=live|archive-url=https://web.archive.org/web/20180420152313/https://www.nytimes.com/2018/04/20/technology/kevin-week-in-tech-bezos.html|archive-date=April 20, 2018}}</ref> Since 1998, Bezos has published an annual letter for Amazon shareholders wherein he frequently refers to five principles: focus on customers, not competitors; take risks for [[Market share|market leadership]]; facilitate staff morale; build a [[Organizational culture|company culture]]; and empower people.<ref>{{cite news|url=https://www.cnbc.com/2016/05/13/5-key-business-lessons-from-amazons-jeff-bezos.html|title=5 key business lessons from Amazon's Jeff Bezos|publisher=CNBC|date=January 12, 2017|first=Tim|last=Mullaney|access-date=March 7, 2018|url-status=live|archive-url=https://web.archive.org/web/20180308042718/https://www.cnbc.com/2016/05/13/5-key-business-lessons-from-amazons-jeff-bezos.html|archive-date=March 8, 2018}}</ref><ref>{{cite web|url=http://fortune.com/2017/04/14/data-sheet-be-like-jeff-bezos|title=What Makes Amazon CEO Jeff Bezos Such a Visionary Leader|work=Fortune|last=Lashinsky|first=Adam|access-date=March 7, 2018|url-status=live|archive-url=https://web.archive.org/web/20180311064600/http://fortune.com/2017/04/14/data-sheet-be-like-jeff-bezos/|archive-date=March 11, 2018}}</ref> Bezos maintains the email address jeff@amazon.com<ref>{{cite news|title=Jeff Bezos keeps his Amazon email address public{{snd}}here's why|date=November 23, 2020|website=[[CNBC]] News|url=https://www.cnbc.com/2020/11/23/jeff-bezos-keeps-his-amazon-email-address-public.html|access-date=February 3, 2021|archive-date=January 16, 2021|archive-url=https://web.archive.org/web/20210116215851/https://www.cnbc.com/2020/11/23/jeff-bezos-keeps-his-amazon-email-address-public.html|url-status=live}}</ref> as an outlet for customers to reach out to him and the company. Although he does not respond to the emails, he forwards some of them with a question mark in the subject line to executives, who then attempt to address the issues.<ref>{{cite news|url=http://www.businessinsider.com/bezos-explains-his-dreaded-one-character-emails-2018-4|title=Amazon CEO Jeff Bezos explains his famous one-character emails, known to strike fear in manager's hearts|magazine=Business Insider|date=April 21, 2018|last=Bort|first=Julie|access-date=April 21, 2018|url-status=live|archive-url=https://web.archive.org/web/20180421234437/http://www.businessinsider.com/bezos-explains-his-dreaded-one-character-emails-2018-4|archive-date=April 21, 2018}}</ref> Bezos has cited [[Jeff Immelt]] of [[New Enterprise Associates]],<ref name=hbrn14>{{Cite magazine |title=The Numbers in Jeff Bezos's Head |archive-url=https://archive.today/20141015143642/http://hbr.org/2014/11/the-best-performing-ceos-in-the-world/ar/1 |url=http://hbr.org/2014/11/the-best-performing-ceos-in-the-world/ar/1 |archive-date=October 15, 2014 |date=November 2014 |first1=Daniel |last1=McGinn |magazine=[[Harvard Business Review]] |access-date=February 11, 2021 |url-status=live }}</ref> [[Warren Buffett]] of [[Berkshire Hathaway]], [[Jamie Dimon]] of [[JPMorgan Chase]], and [[Bob Iger]] of [[The Walt Disney Company]] as major influences on his leadership style.{{r|hbrn14}}<ref>{{cite web|url=https://www.bushcenter.org/takeover/sessions/forum-leadership/bezos-closing-conversation.html|title=Forum on Leadership: Conversation with Jeff Bezos|website=[[George Bush Center for Intelligence|Bush Center]]|date=April 20, 2018|last=Hersh|first=Kenneth|access-date=April 22, 2018|url-status=dead|archive-url=https://web.archive.org/web/20190122141258/https://www.bushcenter.org/takeover/sessions/forum-leadership/bezos-closing-conversation.html|archive-date=January 22, 2019}}</ref>