He stated “We still struggle to keep Echo in stock, despite our best efforts. This is also the reason the Echo/Alexa systems are some of the fastest growing and highest selling Amazon products in history.
He noted that the world is currently involved in a major trend involving machine learning and artificial intelligence. Embrace them and you have a tailwind.” He presents that that big trends are not that hard to spot, but many times large companies have trouble embracing what is happening.
The most telling insight into the “Day 1” philosophy is: "The outside world can push you into Day 2 if you won't or can't embrace powerful trends quickly, if you fight them, you're probably fighting the future. "Consider how much slower this decision cycle would have been if the team had actually had to convince me rather than simply get my commitment." I wrote back right away with 'I disagree and commit and hope it becomes the most watched thing we've ever made,'" he wrote. He said: “I had a completely different opinion and wanted to go ahead. He mentioned not being sure about a proposed Amazon Prime television series, partly because of his level of interest in it, and partly because of the business terms of the deal. The idea is that not everyone will agree on a decision, but it's still possible for people who disagree to work toward the same goal. To make that happen, the “Day 1″ process has a "disagree and commit” system for employees.
Speed matters in business- plus a high-velocity decision making environment is more fun too." He stated: “The senior team at Amazon is determined to keep our decision-making velocity high. He wrote that start-ups have no problem making high-quality, high-velocity decisions, but large organizations struggle with doing the same. Jeff wrote that “Day 2” companies do actually make good decisions, but the problem is that they make them slowly. When that happens, sometimes companies stop looking at outcomes and only consider whether they have followed the process correctly, not whether the desired outcome was achieved. In that case, the process becomes "the thing". Click here for more information.Jeff explained that as a company grows, it becomes easy to rely on process rather than the result. Since 2018, the Day 1 Families Fund has issued 130 grants totaling more than $398 million to organizations around the country working to combat homelessness and help families gain housing support and stability. The Bezos Day One Fund made a $2 billion commitment to focus on making meaningful and lasting impacts in two areas: funding existing nonprofits that help families experiencing homelessness and creating a network of new, nonprofit tier-one preschools in low-income communities. Hundreds of unsheltered families with children will be able to access safety and stable housing solutions.Īdopt-A-Family of the Palm Beaches was selected as a Day 1 Families Fund grant recipient by an independent advisory board comprised of homelessness experts with experience in policy, advocacy, racial equity, child welfare and housing and service delivery, as well as firsthand experience in homelessness.
This one-time grant will allow Adopt-A-Family of the Palm Beaches to expand and enhance community efforts to end family homelessness in Palm Beach County through diversion, shelter, and rapid re-housing initiatives. Launched by Jeff Bezos in 2018, the fund issues annual leadership awards to organizations and civic groups doing compassionate, needle-moving work to provide shelter and hunger support to address the immediate needs of young families. Photo courtesy of Adopt-A-Family of the Palm BeachesĪdopt-A-Family of the Palm Beaches, a nonprofit organization dedicated to ending and preventing family homelessness in Palm Beach County, will receive a $5 million grant from the Bezos Day 1 Families Fund.