Sunday, 1 November 2015

Visionary Jeff Bezos

     According to Business Dictionary (2015), Vision is defined as an inspirational statement of what an organization would like to achieve or in the short period or long period of time. It is designed as a clear guide for deciding the courses of the operation while visionary is someone or something that thinks about the future or advancements in a creative and imaginative way. According to Your Dictionary (2015), definition of visionary is someone with uncommon or revolutionary ideas about the future or progression. The entrepreneurs acquire this trait are innovators who are always searching to either develop a new idea or improve an existing product or service. With that, they will become a pioneer for a whole new industry.

     One of the successful visionary entrepreneur is Jeff Bezos. Jeff Bezos was born on 12 January 1964  in Albuquerque, New Mexico, USA. His biological father’s name is Ted Jorgensen. BeOS’s parents were married for only less than a year. Bezos showed his interest in creating something since he was just a child. He often went to his parents’ garage and turning it into a laboratory and rigging electrical contraptions . When he was a teenager, his family moved to Miami. It is during this period he developed an interest for computers. He used to perform well in the high school. He also the valedictorian of his class. Jeff Bezos started his business since he was in the high school. He started a business of an educational summer camp which was called the Dream Institute.

Jeff Bezos

     After that, Bezos pursued his interest in computers at Princeton University. Then, he graduated in 1986 with a degree in computer science and electrical engineering. After graduation, he got a job at several firms on Wall Street such as Fitel, Bankers Trust, and the investment firm D.E. Shaw where he was named the youngest vice president in 1990. It is also here that he met his wife Mackenzie. According to Biography (2015), while he have a very successful career, Bezos chose to take a big risk to move into the world of e-commerce. In 1994, he quit his job and then moved to Seattle and focussing on the potential of the internet market by opening an online bookstore.

      Jeff Bezos was one of the best visionary entrepreneurs because he establishes Amazon, an electronic commerce company. He got this idea while he was on the way from New York to Seattle. Then, he realised that the internet can change the way the world shops.  He envisioned the opportunity of exploring new kind of business and he tried many ways to reach limitless number of people across the world. According to Kumar (2012), Jeff Bezos visited the American Booksellers’ Convention in Los Angeles where he decided of doing book business. He saw that the book wholesalers had a long electronic lists of their inventory but he noticed that the book wholesalers have no single platform for the public to just simply order the book and get the book delivered to their addresses. He did not managed to find a partner to start up his business because at that time, a lot of people did not believed on the potential of electronic shop. Thus, he decided to start the company alone without any financial supports. He wrote the business plan with his wife and started his company just from their garage.

     In 1995, he launched his site and spread it to all across the world through his 300 beta testers (Kumar, 2012). After that, on July 16 1995 he founded Amazon which is named after the South American River. Within just a month his site Amazon.com could sell books in 50 states and 45 foreign countries. The site started expanding significantly than he expected. In 1997, the company went to market and sales started increasing by every week.



     As a conclusion, we learn that  a leader or a company should have the visionary and mission to give the direction for employees in order to do their duties in the correct ways. Thus, the people can achieve their goals more easier with vision.

No comments:

Post a Comment