Business
5 Of Jeff Bezos’ Best Lessons For Success From His 27 Years As Amazon CEO
July 8, 2021
October 18, 2021
Jeff Bezos has a nontraditional management style at Amazon, and he says Amazon’s unique twist on meeting structure is the “smartest thing we ever did.”
“Many, many years ago, we outlawed PowerPoint presentations at Amazon,” Bezos said at the Bush Center’s Forum on Leadership in 2018. “And it’s probably the smartest thing we ever did.”
To replace the PowerPoint presentations, Bezos created a new way to hold meetings: Meetings start with each attendee sitting and silently reading a “six-page, narratively-structured memo” for about the first 30 minutes of the meeting.
″[The memo is] supposed to create the context for what will then be a good discussion,” Bezos said.
Those participating are encouraged to take notes, and after the reading period is over, they discuss the memo.
Bezos says the reason for the group reading is that “executives will bluff their way through the meeting as if they’ve read the memo because we’re busy and so you’ve got to actually carve out the time for the memo to get read.”
Bezos is not the only CEO to believe in “silent meetings”: Twitter and Square CEO Jack Dorsey uses a similar method, which includes holding meetings that start with 10 minutes of silent reading from a Google Doc.
“Most of my meetings are now Google doc-based, starting with 10 minutes of reading and commenting directly in the doc,” Dorsey tweeted in 2018. “This practice makes time for everyone to get on the same page, allows us to work from many locations, and gets to truth/critical thinking faster.”
As for Amazon, before the memo-based meetings were instituted, “we were doing the more traditional thing,” Bezos said. “A junior executive comes in, they put a huge amount of effort into developing a PowerPoint presentation, they put the third slide up, and the most senior executive in the room has already interrupted them, thrown them off their game, asking questions about what is going to be presented in slide six, if they would just stay quiet for a moment...”
He explained that PowerPoint slides often have “obscure information.” Bezos prefers memos, he says, because each has “verbs and sentences and topic sentences and complete paragraphs.”
In his 2017 letter to shareholders, Bezos said by “tradition at Amazon, authors’ names never appear on the memos. The memo is from the whole team.”
“The great memos are written and re-written, shared with colleagues who are asked to improve the work, set aside for a couple of days, and then edited again with a fresh mind,” he said in the 2017 letter. “They simply can’t be done in a day or two.”
″[It] is harder for the author, but it forces the author to clarify their own thinking,” he said at the Forum on Leadership. “It totally revolutionizes the way we do meetings at Amazon.”
SOURCE: CNBC
IMAGE SOURCE: PIXABAY