How Does Amazon Decide When To Kill A Project?
Amazon.com, Inc. (NASDAQ: AMZN) shelves a project when the last high-ranking executive who is a supporter of that idea decides to abandon the initiative.
"I think it's when the last high-judgement champion folds his or her cards," CEO Jeff Bezos said in an interview at the Code Conference on Tuesday. The report says Bezos highlighted that if Amazon followed conventional wisdom, a lot of its big ideas never would have seen the light of day.
"Most companies, especially larger companies, give up on things too soon," Bezos added.
At time of writing, shares of Amazon gained 0.23 percent to $724.47.
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