The Flywheel Effect | Amazon Flywheel Explained

👉 Advanced retail & ecommerce training for managers https://www.retaildogma.com/ We've trained professionals & executives who worked at Amazon, Adidas, American Eagle, Lacoste, Nestlé, Unilever, Nordstrom, Levi's, Accenture, Reliance Retail, Landmark Group, Alshaya Group, Lulu Hypermarket, Ross Stores, Albertsons, Debenhams, Calvin Klein, Prada & more. The Flywheel Effect is a concept developed by Jim Collins in his book “Good to Great”. According to this concept, companies do not achieve greatness fromm a single defining action or one miracle moment. Rather, it’s a process that resembles pushing a big flywheel, turn by turn, and building momentum with each turn, until it reaches a breakthrough moment, where the wheel starts spinning faster without pushing harder. Each turn of the wheel then builds upon the effort that has been put earlier in the process, resulting in a compounding effect. In this video, we explain the flywheel concept through the Amazon Flywheel example. ABOUT US: Retail Dogma is an online platform that teaches retail & ecommerce; from the very basic knowledge for beginners, to the most actionable, technical, advanced knowledge. We cover everything from buying products, pricing, merchandising, managing sales, managing inventory, managing cash flow to managing financials. We've trained professionals & executives who worked at Amazon, Adidas, American Eagle, Lacoste, Nestlé, Unilever, Nordstrom, Levi's, Accenture, Reliance Retail, Landmark Group, Alshaya Group, Lulu Hypermarket, Ross Stores, Albertsons, Debenhams, Calvin Klein, Prada & more. Visit our website and start reading through our free retail management guides and articles, and download our free templates and cheat sheets that will help you while starting a retail or ecommerce business. 📕 Learn Retail & Ecommerce Management https://www.retaildogma.com/