Speed and Motor Power: The higher wattage the motor, the more powerful the mixer will be (i.e., it can handle thicker, heavier bread dough).Here’s what you should look for when shopping for the best stand mixers for bread dough: They make the laborious process of kneading bread far quicker and more efficient - but not all stand mixers can handle heavy dough. That's when I urged investors to buy before I predicted it would hit $2,000 a share in 2019.Īt the accelerated rate that Amazon is growing, I would not be surprised to see it hit that level this year.Using a stand mixer, instead of kneading bread by hand, can save home bakers a significant amount of time and energy. Last May, Amazon stock topped $1,000 and was growing at 40% a year. All its other bets - such as self-driving cars and cybersecurity - seem perpetually unable to add to its top line. To wit, Alphabet still gets nearly all its profit from its advertising business. It remains to be seen how this venture will achieve lower health care costs or whether these very different companies can work together effectively.īut one thing that makes Amazon so much better than its FANG peers is that it not only makes other bets, it makes them pay off. For example, its $13.5 billion acquisition of Whole Foods generated $4.52 billion in revenue, representing about 7% of Amazon's revenue - a considerable increase over the $3.5 billion Whole Foods reported in the same period last year, according to the Journal.Īnd after months of speculation, Amazon announced its health care play - a venture with JPMorgan Chase and Berkshire Hathaway to lower health care costs. Growth can come from well-managed acquisitions as well. Its operating income rose about 46% to $1.35 billion, according to the Journal. Today AWS is growing fast, with Q1 revenues up 45% to $5.11 billion. Some of those bets are paying off now - others have potential to do so in the future.Īmazon created AWS by selling to companies the computing services it started building in 2000 to run its e-commerce operations. What makes Amazon the world's best business and Bezos its top CEO is his exceptional skill at turning bets on growth into wide new revenue streams. Its bets on growth create big new revenue streams The company's relatively tepid stock price performance (its shares are up 30% in the last year compared to Amazon's 65%) is the result.ģ. Specifically, the CEOs with the highest net worth tend to be founders of the largest, fastest-growing companies - people like Amazon's Jeff Bezos, whose net worth now tops the world at $120 billion, Facebook's Mark Zuckerberg and Alphabet's Sergei Brin and Larry Page.Īpple - which at $861 billion has a higher market capitalization than Amazon's $670 billion - suffers because it is so dependent on an 11-year-old product: the iPhone.Īpple CEO Tim Cook is not a founder, though he has squeezed a significant amount of profit from the iPhone and is trying to add services revenues. And as I highlight in my book, Disciplined Growth Strategies, our system of capitalism does a superb job of rewarding CEOs who excel at it. e-commerce market its Echo devices have about 75% of the smart-speaker market it runs a major Hollywood studio and its Amazon Web Services (AWS) unit leads with over 40% of the cloud computing market, according to the Journal.Ģ. Jeff Bezos is the world's best founder/public company CEOĬompetitive advantage does not simply happen - CEOs must create it. While many large companies can do the first two things in one industry - think Apple in smart phones - very few can stay ahead as competitors try to copy their strategies and make successful bets on new growth opportunities.Īmazon did this first in online book selling and has continued to lead - it controls about 40% of the U.S. For Amazon, such capabilities include offering a wide selection of products and services, operating an efficient supply chain to fulfill orders and providing excellent customer service. Winning and keeping customers - especially when a company has millions of them - depends on doing certain things well. Harnessing capabilities to win at scale Consumers choose Amazon because it does better than its competition on these CPC. For Amazon customers those factors, or customer purchase criteria (CPC) , include price, fast delivery and reliable service. When people buy things, they compare different suppliers on a ranked set of factors. Giving customers more bang for the buck It has a sustainable competitive advantageĬompetitive advantage is measured by market share leadership which flows from three sources. Here are the three reasons I think Amazon is the world's best business.ġ.
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