Jeff Bezos, the founder of Amazon and a visionary in digital technologies, is one of the most successful entrepreneurs of today. His success is partly based on his habits and his ability to make the right decisions and manage his time and energy effectively. Below are four principles that Bezos consistently promotes and that you can apply in your daily management of your team.
Make fewer decisions and focus only on important ones
According to INC.com, Jeff Bezos is known for emphasizing the quality of decisions rather than their quantity. He strives to eliminate minor and insignificant decisions in order to preserve mental capacity for those that truly matter. Managers at all levels should focus primarily on decisions that genuinely affect the functioning or success of their team. Other decisions should be automated, simplified, or delegated to colleagues and subordinates.
Plan the most important tasks for the morning
Bezos repeatedly states that he handles his most important meetings and decisions in the morning, when he has the most energy and a clear mind. The afternoon is reserved for less demanding activities. If you want to increase your productivity, begin your working day with key and strategic tasks.
Build a culture of fast decision making
One of Bezos’s well known principles is to simplify decision making when the decision is reversible. Decisions that can be easily changed should be made quickly and without unnecessary analysis. Bezos believes that companies often waste time by overanalyzing minor details in situations that are not significant. Learn, both as an individual and as a team, to recognize which decisions are not critical and make them quickly and efficiently.
Surround yourself with the right people and trust them
A good manager should strive to have team members who may be more capable or competent in certain areas. This idea is also promoted by Jeff Bezos. He consistently emphasizes the importance of hiring top talent and believes that such individuals must be given sufficient space for initiative and decision making. Trust and responsibility are key to higher efficiency.
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