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The "Day 1" concept has significantly influenced Amazon's corporate strategy. It represents the mindset of always being in the initial phase of a business where the focus is on being the best and satisfying the customer. This concept encourages continuous innovation, agility, and customer-centricity. Amazon strives to maintain this "Day 1" mentality to avoid complacency and stagnation, which Jeff Bezos warns can lead to the death of a company.
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Every year, Bezos refers back to his original 1997 letter to shareholders. In this way, he maintains "Day 1" as a concept, not a date. When a business first opens, few things are more important than being the best and satisfying the customer. As soon as you lose that mindset, Bezos warns, the company dies.
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Have you ever wondered how Amazon managed to grow from the first online bookstore to a global technology leader in just 20 years? Jeff Bezos' humble i...
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