So how does he tackle with the liability of a worldwide recognized firm? Jeff Bezos is a risk taker and a ruthless boss who does not tolerate complacency at any cost. Jeff Bezos is an American entrepreneur and the co-founder, chairman and Chief Executive Officer of Amazon.com. He’s also joyful. Jeff turns to his ‘Regret Minimization Framework,’ which he professes, is a nerdy term for looking back at the time from his future self and assessing the things he would regret the most. According to Real, Roldán & Leal (2014), job satisfaction … ©2012-2020 GoGig Jobs Inc., All Rights Reserved. The man is a realist; he thinks and weighs all the possibilities and probabilities. Don’t be a blind follower. Jeff Bezos gets a 97.52 out of 100 on the scale for ambition. His fear of regretting missing out on passion in his later years has caused him to violate the vows he pledged more than 25 years ago. Surprised by what you see in Jeff Bezos’ GoGig analysis? He actively pursues power through purchasing media organizations, investing in valuable companies, and buying out his competitors. 1.Choose The Option That Will Give You Less Regret Jeff invented what he calls the “regret minimization framework” to decide whether to stay at his safe job or to start his company. Jeff being an entrepreneur, is expected to take responsible and tough decisions for the betterment of his company as well as its employees. One of the most renowned qualities of Jeff Bezos is that he is a competitive man. Would it surprise you to know that Jeff Bezos, the CEO of Amazon and the world’s richest man, is power-driven and persuasive? Jeff Bezos leadership style is a little unconventional at times. Love him or hate him, most people value Bezos’ opinions about things. A self-made entrepreneur, a motivational speaker, a beauty pageant winner, and the list just gets bigger and bigger... Do you want to become an entrepreneur in India and that too like Ratan Tata? He had constructed a rough draft for Amazon while traveling in a car with his wife. He knew that there was a 70% chance of failure, but his perseverance did not let him back down from the risk. Based on many other articles I’ve read online about Bezos, the book accounting his story (The Everything Store), and videos of him, I’d peg his character traits as an assertive, staunch, decisive introvert. Eventually, his draft became one of the most successful internet businesses today. For full functionality of this site it is necessary to enable JavaScript. The Amazon CEO has a burning infatuation with experimenting and creating something complementing the desires of his customers. hbspt.cta._relativeUrls=true;hbspt.cta.load(1965948, '635665fd-85ac-465f-84d6-75901101a4df', {}); The Top Personality Traits of the World's Richest Man, Jeff Bezos. Your email address will not be published. Being both a transactional and transformational leader, Jeff Bezos has incorporated job satisfaction and organizational commitment. So what makes him happy? When you’re the richest man in the world, does it go to your head? Money? Bezos also ranks high for adventurousness, which is essential for an entrepreneur. Required fields are marked *. Business Leader Jeff Bezos Jeff Bezos is the best example of a great leader in this modern era. He has a low emotional awareness and prefers to make decisions based on facts. But the leadership style of Jeff Bezos puts him on top. From developing a sound alarm to guard his room against annoying siblings to creating the widely recognized e-retailing website, Bezos’ hunger for developing something new has only escalated with time. It’s no wonder that he’s known for having one of the most extreme (and expensive) hobbies in the world: deep-sea diving for old rocket wreckage. Probably not. Bezos gets a 99% for being power-driven. He considered what he would regret more on his death bed. Download the full personality report today to see more and see the full power of GoGig’s Candidate Personality Algorithm. Performing these two leadership styles, Jeff Bezos has become successful in maintaining the organizational culture of Amazon with three characteristics, boldness, customer centricity and peculiarity. Just like he had destroyed his competitors, he’s now destroyed his family. Take everything with a pinch of salt. This means he’s good at following through on day-to-day promises and making sure things don’t fall through the cracks. It took decades of perseverance through crises and bobbing his way through technological changes to get to this point. He has money and skills but really he’s just another lost soul desperate for the “next best thing.”. Amazon has transformed from a book selling online venture to the greatest internet market in the world because the CEO loves to experiment. Jeff Bezos’s education history Bezos graduated from Princeton University in 1986 with a 4.2 grade point average, earning degrees in electrical engineering and … Jeff’s most recognized upheaval is the widely famed E-book device Kindle which he designed to compete against the Apple iPad. Perhaps that’s how he’s built a fortune of more than $100 billion and is projected to become the world’s first trillionaire. That makes sense, considering he’s one of the world’s most powerful people. Maybe Bezos finds it hard to be humble, since he makes more in 1 minute than most people make in a year! His drive for creating something ingenious has only intensified with time. Be a garage start up. Recently, a 1999 interview between Jeff Bezos and a CNBC reporter has been doing the rounds. Jeff Bezos had made up his mind to start up his own business. Jeff Bezos’s Leadership Traits Links Mentioned in the Episode Is Jeff Bezos an Introvert or Extrovert? American entrepreneur who played a key role in the growth of e-commerce as the founder and chief executive officer of Amazon It is a widely known fact that Bezos had quit his well-paid job and bet on the flourishing opportunities internet provided. Once an employee requested for Bezos to donate a $100,000 for same-gender marriage, he donated about $2 million for the same. Therefore, since the birth of Amazon in 1994, Jeff Bezos has acquired the trait of experimenting with the venture. Bezos isn’t just rich and powerful. For Jeff Bezos, founder and CEO of Amazon, a great day can entail making over $12 billion overnight. Jeff Bezos claims that the most significant decision of quitting his job as the senior vice president for setting up an online market venture was a decision he took through his nerdy theory. Jeff is a man who if believes in a cause; leave no stone unturned to make it happen. He is an American engineer, technology, retail entrepreneur, philanthropist, investor and last but not the list the founder, chairman & CEO of Amazon.com. risk taker and a ruthless boss who does not tolerate complacency at any cost iStock This article is part of our Leadership Studies series, an insight and analysis into the makeup and model of some of the world's most successful leaders. Bezos’ GoGig profile shows that he likes to be consulted about decisions, even when they are of little importance. With a net worth of USD 157.7 billion, Jeff Bezos is the richest man on the planet. He’s also a bit of a micromanager. With help from our revolutionary personality assessment, GoGig reveals intriguing things about famous people—and everyday job candidates— across the world. On the other hand, Bezos is a hopeless romantic and wears his heart on his sleeve for the grounds he believes in. He recommends anyone and everyone to thoroughly plan his/her entrepreneurial quest before investing their money. He does not just crave competition; instead, he aims at eliminating it. Initially designed to provide books to the customers. Did he lay out a well-organized plan? Jeff Bezos: Entrepreneurial Characteristics (Essay Sample) Instructions: Analyse a CURRENT entrepreneur from one of the following countries: New Zealand, USA, Singapore, and Thailand and his venture. Jeff Bezos’ Leadership Style: What Entrepreneurs Can Learn. He has an estimated worth of $75.6 billion (as of March 2017). The Customer is King Also Jeff Bezos has become the 2nd richest person on the planet. His frugality traits started developing during this period. Bezos’ well known ‘Regret Minimization Framework’ is a theory he loves to boasts about.