The experience which will help them to retain

The leadership of innovation in Amazon has played an integral part in making Amazon the largest retailer giants and making it a household name globally. Under the leadership influence of Jeff Bezos, Amazon has been able to adapt quickly to the changing global markets and diversify their business from online book store to various business sectors globally. One of the main factors that contributed to the success of Amazon is because of the leadership principles of innovation of Amazon that focuses on having long term flexible goals which helps them to adapt to changing global environments. Jeff Bezos strongly sends a clear message to the employees of Amazon that innovation is core part of company’s strategy towards global success and will be regarded as of high value. Various lab facilities are opened by Amazon in different countries that monitor and continuously improve the processes to provide a better experience to the customers (Robishcon, 2017).

The main principles of leadership are designed in the strategies that Amazon adopts for their innovation process. Due to the leadership principles of innovation in Amazon, they have been able to build a strong base for their foundation and this principle are embedded in every single innovation strategies they adopt to provide a better experience to their customers. The main principle leadership that affects the innovation process include Amazon being obsessed with their clients and provide them great experience which will help them to retain and attract new customers. Another important leadership principle for Amazon is that the leaders are treated as owners of the company. The leaders are in a continuous effort in developing long term goals for the company and compromises on short term profitability goals. The most important leadership principle of Amazon is that the leaders provide quality training to the employees and considers it to be an important part of their work culture. Because of this principle, the leaders in amazon have been able to raise the bar for the employees and thus resulting in an innovating culture among the organization (Amazon, 2017).

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The present CEO of Walmart Doug McMillon, has been able to re-organise and re-invent all the innovation strategies of Walmart. During his tenure which last more than 20 years, he was able to bring a lot of innovative changes in the whole of the organization which made them a global success. Under the leadership of McMillon, Walmart has been able to get a $21 billion contract in South-Africa and helped Walmart to invest successfully in the business-like men sportswear, entertainment, home apparel, and many other business ventures. Doug McMillon has additionally been a champion for private-check new-born child formula and has been able to sell excess apparel stocks that had been set away in an underground hole. McMillon is a great entrepreneur and under his supervision, Walmart has been able to achieve global heights and extend their global lead over their rivals (O’KEEFE, 2015).

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