Amazon’s founder Jeff Bezos is one of the world’s richest man. Just like any other human being, he too learnt a few things and secrets along the way. His estimated net worth is $190 billion. With this kind of net worth, its necessary to have rules and regulations which one needs to have in place for their company to run and earn the profit. That is the two pizza rule we’re going to be talking about.
During the early days of Amazon, Bezps had introduced a two pizza rule. Now, with the growth of companies, it is revealed that Paytm uses that rule too. For their organisation of course.
What Is The Two Pizza Rule?
This rule is not as complicated or as tasty as it sounds. This rule states that internal teams in organisations should be small enough so that they can be with just two pizzas. The idea behind this is to improve scalability and efficiency. This exact rule is followed by Paytm. According to their Chief Technology Officer (CTO), Dhody said about the two-pizza rule that “in my mind is the most efficient organisational designs for structuring teams.
However, according to a report that was published, Paytm generally has 6-8 members in a team. Dhody further explained this rule’s necessity. He said that small teams are more efficient in asserting the ownership over their particular domains. This was quoted by Dhody. He revealed this to the Business Insider Report.
How Was It Initially Applied?
Jeff Bezos initially applied this rule for meeting. It helped the meetings be more productive. The higher the number of people in a meeting equals to higher hours of the meeting, since everyone wants and has to have their opinions heard. This reduces efficiency of the people. In fact, the CEO of Amazon, once reported that throughout the year he spends only six hours in a meeting with the largest investors of the Amazon firm.
According to the Bloomsbergs Index, Bezos estimated net worth stands at a whopping $189 billion. As well as, in the year 2020, it has grown as much as $74.1 billion. So it is no doubt thHe is best known as the chairman, CEO, and president of Amazon, a multi-national technology business. The first centi-billionaire on the Forbes index of wealth. Since 2017, Bezos has been the richest person in the world and was dubbed the “richest man in modern history” after his net worth rose in July 2018 to $150 billion. Bezos is the first person in history to have a net worth exceeding $200 billion, according to Forbes.at this rule works. especially when companies like Paytm are using it.
Centered in Noida, Uttar Pradesh, India, Paytm is an Indian e-commerce payment system and financial technology company.
Currently available in 11 Indian languages, Paytm offers online use cases such as mobile recharges and more. This more includes payments of utility bills, travel, movies and event bookings. Users are also able to make in-store payments with the Paytm QR code at grocery stores, fruit and vegetable shops, restaurants, parking, tolls, pharmacies and educational institutions.