1/13/2024 0 Comments Who will succeed andy jassy![]() ![]() How did Walton do this?Īs Glass said, “shared total financial information with everyone in every store, in every community. When Jassy becomes CEO, he should follow Walton’s example - treating everyone running Amazon’s businesses as entrepreneurs. I can count on one hand the people I have known who got up every morning and really tried to improve something-either in their business or in their lives.” He had this desire to improve that I have not seen. ![]() Mostly because of Sam and the charisma and the drive he had. Here’s what Glass said about Walton: “ the company was completely different from any I had been around. My advice to Jassy would be to do the same - starting with acknowledging what he learned from Walton. ![]() I am more interested in the satisfaction that we are doing the right things and we are getting it done and being a part of it. I have never had much ego, and I am not worried about things like that. As Glass explained in 2004, “Most people have enough ego that they want to distinguish themselves from a charismatic leader, and that's what creates the problem. Glass exemplified how to succeed a charismatic founder – humbly lead a team that follows the founder’s principles. ![]() As I wrote in Goliath Strikes Back, Glass, saw offering groceries as a way to save time for consumers by enabling them to one-stop-shop. Glass launched Walmart’s 1987 move into groceries - which by 2019 was the largest grocery business in the country. Glass’s tenure at Walmart was a huge success - and it will be interesting to see whether Jassy can sustain Amazon’s leadership and growth. Glass was steeped in the Walmart culture - just as Jassy is in Amazon’s. Sam Walton picked such a leader to succeed him in David Glass. I think Amazon needs a Fast Follower CEO - and that is how I see Jassy. Why Fast Follower Andy Jassy Is Like David Glass - Who Succeeded Sam Walton Digital Equipment founder and CEO, Ken Olson, hit this iceberg when he dismissed the importance of the PC and the Internet - changing from a Create the Future mindset to a Head in the Sand one. Such CEOs often prevail over the demise of the company. This CEO has a bad case of confirmation bias – and can’t look at where the industry is headed and how the company must adapt to survive. This kind of CEO is locked into a view of the world that could be decades old – one that worked as the individual was rising to the top job. Then the Fast Follower develops a strategy that builds on her company’s strengths - enabling it to gain market share by offering customers a more compelling value proposition than many incumbents. Such a CEO - Microsoft’s Satya Nadella is an example - is good at seeing where the industry is headed and which companies are leading it. The biggest challenge for a board of such a company is to groom a successor who can keep the company in the lead after the founder departs. If such a CEO continues to reinvent the company, it keeps growing. He envisions where an industry is heading and gets there ahead of everyone else – thereby building a large company that dominates its markets. That’s because mindset determines the way a leader pulls the seven levers - such as sustaining culture, building growth trajectories, and hiring, promoting, and letting people go - that determine how fast a company grows.įrom my new book, Goliath Strikes Back, here’s a more detailed description of three CEO strategic mindsets. I think the key test is whether the incoming CEO has the right strategic mindset. CEO Strategic Mindsetĭoes this mean that Jassy has what it takes to succeed Bezos? As Jassy pointed out last December, 96% of the estimated $3.6 trillion in global IT spending has not yet shifted to the cloud. We speed up how we go from raw land to an operating data center and get better terms from suppliers."ĪWS has tremendous growth potential. "As we grow and get operational experience, we apply the lessons to get more cost-efficient. And AWS is able to boost profits while lowering its prices because of its experience. ![]()
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