Lesson 41: it's Day One
Recently I came across Amazon 2016 letter to shareholders. Jeff Bezos clearly articulates the company's strategy and emphasises on the difference between Day 1 and Day 2 type of companies. you can read it here It is indeed insightful and there are valuable lessons that one can learn from this article. Day 1 company characteristic are in line with the startup mentality in lean thinking, development and continuous reinventing the model, however this also calls for change in leadership thinking and organization culture to emulate the right model of corporate governance, we've all seen what happened to uber , Uber is a Day 1 company however it has a weak organization culture. For an organization to be successful there is a need to change the mental model that sustains the business. Finding the right model to base your strategy is key for growth. For example Tesla thinks of itself as a technology company that manufactures cars, likewise Amazon thinks of itself as a techn...