The framework I found which made the decision incredibly easy was what I called โ which only a nerd would call โ a โregret minimization framework.โ So, I wanted to project myself forward to age 80 and say, โOkay, now Iโm looking back on my life. I want to have minimized the number of regrets I have.โ
Jeff BezosThere are multiple ways to be externally focused that are very successful. You can be customer-focused or competitor-focused. Some people are internally focused, and if they reach critical mass, they can tip the whole company.
Jeff BezosWhen [competitors are] in the shower in the morning, they're thinking about how they're going to get ahead of one of their top competitors. Here in the shower, we're thinking about how we are going to invent something on behalf of a customer.
Jeff BezosWe watch our competitors, learn from them, see the things that they were doing for customers and copy those things as much as we can.
Jeff Bezos