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Show Notes:
Amazon's business strategies and growth. 0:00
Amazon's CEO in 2006: Young businesses must generate high returns on capital and grow to significant scale.
Expanding business into new markets and opportunities. 1:19
Amazon believes new business opportunities must pass tests for underserved markets, low capital, high returns, and meaningful customer differentiation.
Amazon's fulfillment services and software development business. 2:37
Amazon's Fulfillment by Amazon service turns 12M sq ft network into computer peripheral, with web services APIs for inventory management and shipping.
Amazon's culture and new business growth. 3:50
Amazon's culture supports small businesses with big potential, fostering innovation and growth.
Bezos highlights Amazon's growth and focus on new businesses, while maintaining a disciplined approach to returns and customer differentiation.