Question
1. Few companies tend to be too academic in terms of what information they make public with respect to the management/leadership principles which they embrace.
1. Few companies tend to be too "academic" in terms of what information they make public
with respect to the management/leadership principles which they embrace. Go to the
website of Amazon.com Inc. How many leadership principles are presented there? Select
and state fully the three principles which are most directly related to the topic of decision
making. And do you think that you yourself would embrace these three principles if you
were to become an entrepreneur with the expectation that you would be building a
successful business enterprise. Be sure that your answer is properly formatted.
2. Jeff Bezos has always included in the company's Annual Reports his 1997 Letter to
Shareholders (reprinted from the 1997 Annual Report). Why do you think he is doing this?
And from whom do you think he got this idea? Also, please review Bezos' discourse on the
company's fundamental management and decision-making approach. Offer full and
accurate statements of the three aspects that impressed you the most, as a student of the
discipline of strategic management. Also, please indicate why you were so impressed.
Now, be very careful in the formatting of your answer for the purposes of clarity and ease
of reading.
3. According to Brian Dumaine, author of the 2020 book, Bezonomics, Jim Collins told Jeff
Bezos that "When you first start pushing, it takes a lot of effort to get that flywheel going
one revolution. And you don't stop, and you keep pushing and you get the second turn
and you start building momentum and then it starts to compound upon itself, and you get
four turns and eight and sixteen and thirty-two and then thousands and millions, and the
flywheel has its own momentum built into it. And you keep compounding that
momentum." Now, in separate and numbered paragraphs, provide your answers to the
following: (a) What exactly is a flywheel in mechanical engineering? (b) Quote fully the
statement in the case material which describes the Amazon Flywheel (c) Please now
review the first set of pages of Jim Collins' monograph, Turning the Flywheel, on
amazon.ca and quote fully what the author has stated there in the sixth paragraph. (The
link to the monograph is indicated hereunder.) (d) Offer a statement whether you have
found doing Question 8 to be personally instructive to you, as a student of strategic
management.
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