Some Management Insight from Jeff Bezos, CEO and Founder of Amazon

Interesting profile on Jeff Bezos, CEO and founder of Amazon, and the way he runs his business. Of note, is his tendency to make big business bets that may actually lose money in the short term but prove to pay-off big in the long-term. Can think of this in terms of your own business as well as your own career.

Reminds me of how Google encourages its employees to spend 20% of their time to freely explore new ideas. I understand many large companies is very interested in the ability to develop in-house innovations, an especially hard thing to do in the face of the short-term expectations of Wall St. How much time do you allocate in your own life to pursue your own ‘big idea’?