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[WS] INC.: JEFF BEZOS' INNOVATION FORMULA by Samual Bacharach [17 October 2013]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
Jeff Bezos' Innovation Formula The Washington Post.
http://www.inc.com/samuel-bacharach/jeff-bezos-innovation-formula.htmlWhat we can learn from the founder of Amazon.com and the owner of
"In my experience, the way invention, innovation and change happen is [through] team effort. There's no lone genius who figures it all out and sends down the magic formula. You study, you debate, you brainstorm and the answers start to emerge. It takes time. Nothing happens quickly in this mode. You develop theories and hypotheses, but you don't know if readers will respond. You do as many experiments as rapidly as possible. 'Quickly' in my mind would be years."
Leaders and entrepreneurs can learn the following from Bezos strategy:
1. Teamwork Leaders should never hold out hope for a creative “lone genius” to come along and plop a great idea into their laps.
Innovation is a group process. That’s why it’s crucial for leaders to build coalitions around their change agendas. The more people who are working together, the better the result will me.
Takeaway: Stop waiting for Godot. Build a coalition and start the discussion.
2. Tinkering Thomas Edison famously said, “I failed my way to success.” So to do teams. Bezos makes it very clear that he brainstorms, debates, and tinkers with ideas.
In the same interview, Bezos says, “I’m a genetic optimist. I’ve been told, ‘Jeff, you’re fooling yourself; the problem is unsolvable.’ But I don’t think so. It just takes a lot of time, patience and experimentation.”
Bezos works on big problems in a small, organized way. He welcomes debate and testing because he knows creativity and innovation will be improved.
Takeaway: Kurt Vonnegut said it best: “We have to continually be jumping off cliffs and developing our wings on the way down.”
3. Patience For Bezos, innovation isn’t an overnight thing. It’s a long process that could take years.
Leaders shouldn’t try to force innovation or speed it along. It’s a slow, natural process that needs time to grow, develop, and adapt.
Takeaway: Don’t force creativity. Let it develop and bubble to the surface naturally. You can’t mandate innovation.
In the final analysis, pragmatic leadership is about implementing innovative ideas and sustaining team momentum. Leaders and entrepreneurs should learn from Bezos’ pragmatic approach to innovation. They shouldn’t worry about cultivating a “lone genius.” What they should do is deliberately build a coalition. They shouldn’t spend their time worrying about failure. They should embrace it. Lastly, they should accept that innovation is a slow process.
Innovation isn’t going to be delivered instantly by a Lone Ranger riding into the boardroom. It’s going to be developed by a team over time.
Last updated: Oct 17, 2013
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