Preview

An E-Business Analysis of Amazon.Com, Inc.

Good Essays
Open Document
Open Document
1365 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
An E-Business Analysis of Amazon.Com, Inc.
An E-Business Analysis of Amazon.com, Inc.
BUS 352: e-Business

An E-Business Analysis of Amazon.com, Inc. Very few individuals can say that they have done what Jeffry Bezos has done. Jeffrey Bezos is the founder and CEO of the world’s largest online retailer, Amazon.com, Inc. Back in 1994, when the company finally came into fruition, the idea of selling anything via the internet was something new and pretty radical. Originally started as an online bookstore, but soon developing into a more diversified market. The range of Amazon’s reach is worldwide; they sell practically anything and have separate retail websites for United states, Canada, United Kingdom, France, Germany, Italy, Spain, Japan, and China (Amazon.com, 2012). Today, Amazon is much larger than a simple online retailer. Amazon has developed the highly popular Kindle E-reading device that has developed into a tablet pc, referring to the Kindle Fire that debuted in 2011. Amazon is for everyone; that is everyone that is capable of accessing a computer and an internet connection. They customize the shopping experience for each of their customers; utilizing collaborative filtering for personalization. Amazon is a top contender around the globe and is growing exponentially. E-Commerce is a thriving industry and Amazon is at the pinnacle of it; it takes more than just living off of yesterday’s successes, knowing your customer, personalization, and constant adapting are key components to staying strong and maintaining longevity. Originally being incorporated in July 1994, it was not until the following year, in July 1995 that Amazon.com sold its’ first book, Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought by Douglas Hofstadter (Willis & Donahue, 1998). It was not instant success for Amazon.com. If we were to go back in time for a moment, the first years of Amazon were still the fundamental years of the internet and not a



References: Amazon.com. (2011). History & timeline. Retrieved July 4, 2012, from http://www.amazon.com/ Amazon Web Services. (2012). AWS security and compliance center. Retrieved July 4, 2012, from http://aws.amazon.com/security/ Demand Media. (2011). The history of Amazon.com. Retrieved July 4, 2012, from http://www.essortment.com/history-amazoncom-21180.html O 'Brien, J. M., & Shambora, J. (2009). Amazon’s next revolution. (cover story). Fortune, 159(12), 68-76. Turban, E., King, D, & Lang, J. (2011). Introduction to electronic commerce (3rd ed.). New Jersey: Prentice Hall. ISBN: 9780136109235 Willis, C., & Donahue, S. (1998). Does amazon.com really matter? (cover story). Forbes, 161(7), 55-58.

You May Also Find These Documents Helpful

  • Better Essays

    Amazon.com is a publicly traded worldwide online retail company founded by Jeff Bezos on July 5, 1995 in Seattle, Washington. The company originally began as an online bookstore as Bezos felt there was a high demand for literature, and books had a low price point and a huge selection of titles available in print. Technological innovation drives the growth of Amazon.com to offer customers more types of products, more conveniently and at lower prices. Since 1995, Amazon has significantly expanded its product selection, international retail websites, and worldwide network of fulfillment and customer service centers. Today, Amazon retail websites offer everything from toys and video games to MP3 downloads and collectible items (amazon.com, 2014). Amazons business model is fairly simple; to sell various products and goods online at an affordable cost to consumers. Amazon has managed to not only achieve this business model but they have also managed to consistently expand and become the largest online retailer to date. To keep up with global demand, Amazon had to expand its products and services offered while continuing to forecast consumer’s needs. “In 2000, Amazon.com began to offer its best-of-breed e-commerce platform to other retailers and to individual sellers. Today, hundreds of thousands of world-class retail brands and individual sellers increase their sales and reach new customers by leveraging the power of the Amazon.com e-commerce platform. Partners work with Amazon Services to power their e-commerce offerings from end-to-end, including technology services, merchandising, customer service, and order fulfillment. Other branded merchants leverage Amazon.com as an incremental sales channel for their new merchandise. Over 2 million third-party sellers participate in Amazon where they offer new, used, and…

    • 891 Words
    • 3 Pages
    Better Essays
  • Powerful Essays

    Capstone Project Bus599

    • 2781 Words
    • 12 Pages

    References: Amazon.com builds on themes of Growth, Leadership, and Profitability: (2009), Online Article, Retrieved 09Dec12, from http://www.techrepublic.com…

    • 2781 Words
    • 12 Pages
    Powerful Essays
  • Better Essays

    Bus 320 Final Paper

    • 1741 Words
    • 7 Pages

    Founded in 1995 by Jeff Bezos, Amazon.com has become one of the largest known online stores in the world. In 1995, Amazon.com sold its first book online, which was shipped from Bezos’s garage in Bellevue, Washington (Amazon.com Mission Statement, 2012). Many may not know that Amazon.com had a slow start because their online layout was not appealing. Within a few years Bezos attracted a few investors who took interest in his venture and invested approximately $140,000. Bezos decided to use the money to create a more appealing website to attract more customers. The sales for the next three years surpassed Bezos’s expectations. After analyzing the sales data, he found that people were not only purchasing domestically, but also from around the world. Amazon.com has grown from a small company to a worldwide business in just a few short years. This rapid growth requires a company to reevaluate how it does business if it plans to expand or maintain its marketplace for the future.…

    • 1741 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    In 1994, Jeff Bezos was a 30-year-old hedge fund analyst with a degree in computer science and electrical engineering from Princeton University. It was at this time Bezos decided to put his business plan in play. Jeff pulled up a file that had the business model he intended to use, which had been write in early that year in the passenger seat of a 1988 Chevy Blazer (A Retail Revolution Turns 10, 2005). Amazon.com opened its virtual doors on the World Wide Web in July 1995 and offers Earth’s Biggest Selection. The company seeks to be Earth’s most customer-centric company. Amazon.com is now a digital strip mall branching beyond books into music, DVDs, electronics and toys (Penenberg, 2000). Many people wonder how Amazon became on of the few dot-com companies to survive the dot-com bubble burst that took effect during 1997-2000. One of the best ways to evaluate Amazon’s performance is to complete a thorough review of its financial statement, pro forma financial statements, ratio analysis, return on equity, its calculated economic value added projects, and its financial policies.…

    • 2357 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    Leadership at Amazon.com

    • 1141 Words
    • 4 Pages

    Amazon.com is an internet giant in terms of e-commerce. It was incorporated by Jeff Bezos in 1994 under the name Cadabra. In 1995 he changed the name to Amazon because he decided the former sounded too similar to “cadaver” and because he wanted a name beginning with “A” so it would potentially be at the top of any search results returned in alphabetical order. Amazon.com has headquarters in Seattle, Washington but has retail websites across the globe. It is the world’s largest internet company. Jeff Bezos has a solid reputation that is appreciated by colleagues, employees, and customers alike. Forbes magazine touts his status as “our greatest living CEO” while his employees perhaps know him best for leaving an empty seat open at conference meeting tables. The empty chair is symbolic of the customer at Amazon.com and Bezos often refers to it as “the most important person in the room” (Hartung 2013). While many leaders in retail recognize the importance of customer satisfaction, by making the customer an active presence at meetings Jeff Bezos sends a powerful message to his constituents.…

    • 1141 Words
    • 4 Pages
    Better Essays
  • Best Essays

    Amazon.com is an American e-commerce company based in Seattle, Washington. Founded in 1994 by Jeff Bezos. Launched in 1995, Amazon.com began as an online bookstore before diversifying its product lines by adding VHS, DVD, music CDs, MP3s, computer software, video games, electronics, apparel, furniture, food, toys, and more. Amazon has since established separate websites in Canada, the United Kingdom, Germany, Austria, France, China, and Japan. Since starting out in his garage in Bellevue, Washington, Jeff Bezos has gone on to form one of the greatest ecommerce sites the internet has ever seen. (Gleick, 2014)…

    • 3136 Words
    • 11 Pages
    Best Essays
  • Better Essays

    Beginning in 1994, the widely popular Amazon was just a small, unknown online bookstore. Although you wouldn’t have known it back then, but Amazon soon became the business model for online retailing (Kroenke 29). But books weren’t…

    • 1735 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Market Discipline: Operational Excellence – Those firms who are considered to be operationally excellent combine low prices, ease of purchase, and offer unmatched value and services to their customers. Amazon.com is a prime example of a company that operates under the operationally excellent market discipline. Major moves by Amazon that support this claim are one-click shopping, free shipping, and extremely simple publishing on the Kindle store. Just as GE is the most noted company in the text Discipline of Market Leaders as operationally excellent, “More than any other corporation of the Internet age, Amazon embodies the emerging culture of business strategy. It is the General Electric of our times, and Bezos is the Jack Welch.” (Rao, 2011).…

    • 593 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Amazon.Com Case Study 3

    • 2696 Words
    • 11 Pages

    The website was so hot that it earned a spot on, at that time, Yahoo’s “What’s cool list?” When the site first began it only carried close to 2,000 book titles at the Seattle warehouse compared to Barnes and Nobles inventory, which had retail outlets in a majority of cities. Having warehouse inventory was not a big concern for Amazon because the orders were directly placed through vendors. Amazon.com used JIT (Just In Time), when the order is placed it then is conveyed to wholesalers and publishers who mail the customer the product, to place orders. Bezos realized that the company was on verge of being a success because within a month time the online…

    • 2696 Words
    • 11 Pages
    Best Essays
  • Best Essays

    Executive Summary of Amazon

    • 3297 Words
    • 14 Pages

    11. Zorayda Ruth Adam. (2003). e-Commerce and e-Business. Available: http://www.apdip.net/publications/iespprimers/eprimer-ecom.pdf. Last accessed 29th Jan 2011.…

    • 3297 Words
    • 14 Pages
    Best Essays
  • Powerful Essays

    Amazon.com, Inc. is an internet retailer headquartered in Seattle, Washington founded by CEO Jeff Bezos. Their mission and strategy is quite simply "to offer Earth's Biggest Selection and to be Earth's most customer-centric company, where customers can find and discover anything they may want to buy online and [we] endeavor to offer our customers the lowest possible price."1 And, if they can't help they will point the customer to a site that can.…

    • 1608 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Jeff Bezos is unarguably one of today’s most inspirational leaders. He was born in Albuquerque, New Mexico, in 1964 and attended school in Miami Palmetto. After graduating from Princeton University, with a bachelor’s degree in electrical engineering, he worked in several jobs (Inc. 2009). In 1994, the internet was fresh in the market, and it did not incorporate commerce in its operations. As a result, he saw an opportunity for a new business network, and after doing research, he made a decision of creating a space in the internet where books could be viewed by the public. This led to the creation of Amazon in 1995. Today, Amazon is widely successful and has had a great impact on the organizational culture of internet business. Jeff Bezos is considered to be the founder of e-commerce, remains a pioneer in the industry (Inc, 2009). This paper will discuss how the culture of Amazon has changed as a result of Jeff Bezos presence; today, among many things, the public can view full book lists on Amazon, a mission that was impossible before the early 1990s.…

    • 1875 Words
    • 8 Pages
    Best Essays
  • Better Essays

    Value Chain Analysis

    • 2679 Words
    • 8 Pages

    The company was founded in 1994 by Jeffery P. Bezos. In the early years of Amazon they were mostly known for selling books. The idea behind it was that traditional brick-and-mortar stores could not hold more than a few hundred thousand books, whereas Amazon being an online store could hold an infinite amount of books (“History of amazon.com,”). Since its early days of being an online book store Amazon as grown to become a fortune 500 company with a global reach. Amazon operates in over 10 countries worldwide with over 88,000 employees (“Inside amazon,”). Amazon is one of the most visited sites in the world, with over 500,000,000 monthly visitors, and over 100 million active members (“Top 15 most popular websites”, 2014).…

    • 2679 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Amazon in China

    • 3884 Words
    • 16 Pages

    At this time, in 1994, Jeff Bezos, president of a Wall Street firm read a report that projected growth of the Internet by 2,300% and he quit his job to write a business plan that one year later would become Amazon.com. Out of a list of items he believed could be easily sold online he ended up choosing books due to the great size of the market, vast amount of offering available and because of the low price that could be offered for them. Within one month of operation, Bezos had shipped books to the 50 states and over 47 other countries. This was proof to him of the possibilities his business had thanks to the scope of the market reach the internet provided and he proceeded to move out of his garage and into a Seattle office where all operations would be handled.…

    • 3884 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Bezos graduated from Princeton and was the youngest vice president at Banker’s Trust in New York. He had to decide if he would stay and receive his 1994 Wall Street bonus or leave and start a business on the Internet. “I tried to imagine being 80 years old, looking back on my life. I knew that I would hardly regret having missed the 1994 Wall Street bonus. But having missed being part of the Internet boom—that would have really hurt,” stated Bezos. One evening he compiled a list of 20 products he believed would sell on the Internet. Books, being small-ticket items that are easy and inexpensive to ship, were on the top of the list. It was also apparent that no book- store could conceivably stock more than a fraction of the 5 million books published annually. Bezos, who had never sold a book in his life, developed a strategic plan for selling books on the Internet. Amazon launched three years later. In the fall of 1994, Amazon filled its first book order—personally packaged by Bezos and his wife.…

    • 17028 Words
    • 69 Pages
    Powerful Essays

Related Topics