#Andy jassy ceomims drivers
In the years since, AWS has grown into a cloud platform used by millions that dominates legacy players like Oracle and Microsoft.Amazon drivers and other workers have alleged mistreatment and complained about breakneck working conditions in Amazon factories.īrad Stone, a senior editor at Bloomberg News who has written two books about Amazon, said Bezos has an unusual gift for problem-solving and focusing on many disparate issues at once, but empathy has never been his strength. The company now owns almost half the world’s public cloud infrastructure market. It boasts a dominant 30% market share of the cloud computing market.Ĭompetitors are eyeing Amazon’s top spot, however, with Microsoft and Google announcing growth in their cloud computing businesses in the fourth quarter. His promotion underscored the importance of web services to Amazon’s future, said Tom Johnson, chief transformation officer at Mindshare Worldwide. “Jassy’s background in steering AWS shows just how top-of-mind those services are to Amazon’s business strategy,” Johnson said.
“It will be interesting to see how that affects their strategy and balancing that priority with a growing ad business and the commerce behemoth.”īezos said in a letter to staff on Tuesday that he had “full confidence” in Jassy.
“Andy is well known inside the company and has been at Amazon almost as long as I have,” he said. “He will be an outstanding leader.”īezos added that he would stay engaged in Amazon initiatives. “But I will also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, the Washington Post, and my other passions,” he wrote. I’m super passionate about the impact I think these organizations can have.” “I’ve never had more energy, and this isn’t about retiring. Jassy is known for understanding technical details, and has bestowed a rock-star aura to keynotes at AWS’s annual Las Vegas conference. He has occasionally spoken out on social issues, tweeting about the need for police accountability after Breonna Taylor, a Black woman, was killed in her home by white policemen during a botched raid, and in favor of LGBTQ+ rights.Īmazon said it was not announcing an AWS replacement for Jassy yet.And AWS is able to boost profits while lowering its prices because of its experience. "As we grow and get operational experience, we apply the lessons to get more cost-efficient. We speed up how we go from raw land to an operating data center and get better terms from suppliers."ĪWS has tremendous growth potential. CEO Strategic Mindsetĭoes this mean that Jassy has what it takes to succeed Bezos? As Jassy pointed out last December, 96% of the estimated $3.6 trillion in global IT spending has not yet shifted to the cloud. I think the key test is whether the incoming CEO has the right strategic mindset. That’s because mindset determines the way a leader pulls the seven levers - such as sustaining culture, building growth trajectories, and hiring, promoting, and letting people go - that determine how fast a company grows.įrom my new book, Goliath Strikes Back, here’s a more detailed description of three CEO strategic mindsets. He envisions where an industry is heading and gets there ahead of everyone else – thereby building a large company that dominates its markets. If such a CEO continues to reinvent the company, it keeps growing. The biggest challenge for a board of such a company is to groom a successor who can keep the company in the lead after the founder departs. Such a CEO - Microsoft’s Satya Nadella is an example - is good at seeing where the industry is headed and which companies are leading it. Then the Fast Follower develops a strategy that builds on her company’s strengths - enabling it to gain market share by offering customers a more compelling value proposition than many incumbents.
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