EX-99.1 (Jeff Bezos letter to shareholders 2013)
The DNA of a hyper-competitive company in the 21st century, case #7583929292.
"Customer capitalism," Drucker said this forever ago, social and search means everyone knows if you’re selling lemons, blah blah blah.
If you want to think deeply about the definition of editorial, sourcing, conflict of interest, and other media/journalism/PR topics of the 21st century, read this entire thing. Crazy interesting. I’ll have to go back and write up a full analysis soon.
A very interesting mix of biases, good intentions, policy interpretation, and emotions.
This attitude saddens me.
It’s a blend of sarcasm and pretension I have observed many times among the people who admit to spending all their time “building software in a 10-mile area of Northern California” (his words).
Not to mention the small-minded thinking about how Facebook’s revenue model might align with it’s ostensibly primary social mission.
Overall, this headline sums up a lame angle on the news, but I’d like to point out that, for the “only exciting part of Graph Search” to work, people have to have already explicitly thumbs-up’d their favorite plumbers.
In many ways, the value proposition of Graph Search (they’re really calling it that?) reminds me of Aardvark, a social search startup that was acquired by Google a few years ago. I had the chance to do a little consulting for Aardvark and was super fired up for them to succeed because I really liked the product, team, and conceit of the service. Even still, I hardly ever used it.
So, ya know.
Helluva dialogue among Clay Shirky, Nick Carr, and Kevin Kelly
With Republicans in Congress still intent on pursuing a strategy similar to the failed one adopted by the Brits, this is a story that needs trumpeting.
Austerity policies are self-defeating: they cripple growth and reduce tax revenues. The only way to bring down the U.S. government’s deficit in a sustainable manner, and put the nation’s finances on a firmer footing, is to keep the economy growing.
Spending cuts and tax increases can also play a role, but they need to be introduced gradually.
his separation of economics from the working economy has severely damaged both the business community and the academic discipline.
Since economics offers little in the way of practical insight, managers and entrepreneurs depend on their own business acumen, personal judgment, and rules of thumb in making decisions. In times of crisis, when business leaders lose their self-confidence, they often look to political power to fill the void.
Government is increasingly seen as the ultimate solution to tough economic problems, from innovation to employment.
Economics thus becomes a convenient instrument the state uses to manage the economy, rather than a tool the public turns to for enlightenment about how the economy operates.
Man, Ronald Coase lays it out at 101 years of age.
Must read analysis of the best company ever.
The Android and iOS platform set us up to fail by attracting us with the veneer of users, but in reality you are going to fight harder for them than is worthwhile to your business.
You certainly need a mobile app to serve your customers and compete, but it should only be part of your strategy and not the whole thing.
Really interesting essay on mobile user experience and the economics of ad supported web services.
The pressure for operational leadership now shifts to marketing and sales. Creativity is no longer delivered in simple advertisements — it requires multifaceted execution skill.
Great brand stories come to life only when they can be delivered through everything the consumer experiences. The cost of all of this complexity can rise rapidly once it gets out of control.
Perhaps the big ideas of 2013 are old ones — efficiency, scale, and execution.