After dominating on-line book-selling within the early 2000s, Jeff Bezos knew he wanted to seek out Amazon’s subsequent large problem. A measure of Bezos’ visionary strategic management was recognizing that, as of 2004, Amazon was caught as an aggregator in the course of the “digital worth chain.”
All Amazon may do was set up and promote digital media in order that different individuals may seize higher worth on the different two ends of the chain: content material creation and consumption.
In Bezos’s view, Amazon would seize large worth by shifting to the best and dominating the {hardware} and software program that managed the person expertise. Bezos pushed his crew to develop an e-reader product that might energy the corporate’s subsequent wave of progress.
Amazon had the deep pockets to rent a strong crop of super-smart MBAs and put them to work on the issue.