INTRODUCTION

In his Seattle garage, Jeff Bezos started e-commerce giant Amazon in 1994. On July 5, 2021, he will leave his position as CEO to take the helm as executive chairman.
People stayed at home and made online purchases as Amazon prospered during the pandemic, growing profits by 38% to $386 billion in 2020.
According to Bezos, Feed America, which runs food banks and pantries all around the country, will get $100 million from him in April 2020.

In the wake of the coronavirus outbreak, Amazon has come under fire for its treatment of warehouse employees.

They separated in 2019 after 25 years of marriage, and he gave her a quarter of his Amazon stock worth $1.25 billion.

As the owner of both The Washington Post and Blue Origin, a business that is working on commercial rockets, Jeff Bezos is well-known.

Strategies you must learn

You must match your abilities to the market's requirements rather than vice versa.
Bezos outlined his company's ideology in 2009, the same year the Kindle was introduced to the world to great success. It was the company's best-selling item at the time.He added that one way for entrepreneurs to succeed is to figure out what they're strong at and then go for a market segment that requires that expertise. The alternative, according to Bezos, is to figure out what your customers want and then improve your abilities to meet those needs.With Kindle, Amazon branched out into the tech industry for the first time. There were no other options for readers, so Amazon created one that customers adored. Even 15 years after its introduction in 2007, the Kindle is still the most significant disruptor in the long history of the publishing industry.
Or you'll perish unless you learn to adapt and persevere.
Bezos paid $250 million buying the Washington Post in 2013 despite having no prior experience in the newspaper industry. The transaction was met with some skepticism. When you think about it, Jeff Bezos was a pioneering inventor in the field of digital media, and print journalism had been declining rapidly ever since.

Bezos, on the other hand, was of a different opinion. Bezos bought the Post because he thought the brand was strong and there were many talented people working there, despite the dire status of the newspaper industry. This newspaper's view was that it faced a decision between going extinct and adapting to a changing world. It could either do that or go the way of the dodo bird.

A lean into the future mentality is required at Amazon, says Bezos in an interview with ABC. What was once a tailwind is now a headwind. You must push into it and figure out what to do because whining isn't a plan when the world changes.
Be forever young- One of Bezos' secrets to success, he says, is keeping a youthful outlook and ensuring that his company does the same.ABC enquired about his thoughts on Blackberry, the company that started the mobile revolution in the 1990s but failed to keep up with the times as a result. After going private and laying off 40% of its employees, Blackberry ceased operations in 2013. Since the early '90s, Amazon, on the other hand, has been constantly reinventing itself.Bezos warned that if your client base is getting older, you risk becoming irrelevant or even obsolete. "To stay perpetually youthful, you need to continuously figure out who your new clients are and what you're doing to attract them.
Try New Things and Apply What You've Learned
Amazon's success was built on a foundation of trial and error. There were several successes, but there were just as many stunning failures. Some of the most infamous examples are as follows:

The Amazon Fire Phone
Amazon Destinations is a great source for vacation inspiration.
Amazon Auctions in Your Area
ZShops
Instead of concentrating on his mistakes, Bezos treats his company like a laboratory in which he tests new ideas. "Experiments are key to innovation because they rarely turn out as you expect, and you learn so much," he recently said to Fortune magazine.
Take a Risk and Put Yourself Into Position to Win
Amazon founder Jeff Bezos didn't become the world's richest man by playing things safe. Contrary to popular belief, the founder of Amazon's legendary failures have cost the company money, while his achievements have netted the company billions. The Amazon Web Services division alone brought in over $35 billion in income in 2019 for every Fire Phone or Destinations. That's roughly three times what Web Services made in 2016, which was $12,2 billion, and ten times what it made in 2013, which was $3.1 billion.

Bezos has emphasized the necessity of continuing to aim for the fences, stating that the one that connects will be the equivalent of 1,000 home runs, noting that nine out of every ten strong swings will be misses.

If you have a 10% chance of winning $100,000,000, you should gamble on it every time, Bezos stated.

From the management result-driven, practical, and inspirational strategies implemented by Bezos at Amazon.com, which struck you as something worth imitating? Explain your answer.

Public Answer