Preview

Best Fit Vs Best Practice

Best Essays
Open Document
Open Document
4335 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Best Fit Vs Best Practice
Amazon.com
In 1994, with a handful of programmers and a few thousand dollars in workstations and servers, Jeff Bezos set out to change the retail world when he created Amazon.com (ticker:
AMZN). Shel Kaphan, Amazon’s first programmer, assisted by others, including Paul Barton-Davis, used a collection of tools to create Web pages based on a database of 1 million book titles compiled from the Library of Congress and Books in Print databases. Kaphan notes that “Amazon was dependent on commercial and free database systems, as well as
HTTP server software from commercial and free sources. Many of the programming tools were free software” [Collett 2002]. In July 1995, Amazon opened its Web site for sales. Using heavily discounted book prices (20 to 30 percent below common retail prices); Amazon advertised heavily and became the leading celebrity of the Internet and e-commerce.

Sales and Relationships
Amazon made its initial mark selling books, and many people still think of the company in terms of books. However, almost from the start, the company has worked to expand into additional areas—striving to become a global retailer of almost anything. Some of the main events include: 1995 books, 1998 music and DVD/video, 1999 auctions, electronics, toys, zShops/MarketPlace, home improvement, software, and video games [1999 annual report].
By the end of 1999, the company had forged partnerships with several other online stores, including Ashford.com, Audible, Della.com, drugstore.com, Gear.com, Greenlight.com, HomeGrocer.com, Kozmo.com, living.com, NextCard.com, Pets.com, and Sothebys. Of course, most of those firms and Web sites later died in the dot-com crash of
2000/2001.
Amazon also established partnerships with several large retailers, including Target,
Toys ‘R’ Us, Babies ‘R’ Us, and Circuit City. Effectively, Amazon became a service organization to manage the online presence of these large retailers. However, it also uses its distribution system to

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

    Amazon.com is an organization that offers a broad range of services to consumers and is considered an online leader of pure-plays - pure online merchants. Amazon.com was founded in July of 1995 with a mission to fully utilize the Internet to make book buying fast, easy, and all in all, a very enjoyable experience. They currently have 29 million customers in 160 different countries, making Amazon.com one of the leading online merchants. It is rated third in business-to-consumer online revenue as of June 20, 2000. Amazon.com represents the ideal e-Commerce company. It was one of the first to demonstrate the potential for "virtual" upstarts and turned the market on end - even leading the "bricks and mortar" companies.…

    • 2781 Words
    • 12 Pages
    Powerful Essays
  • Better Essays

    Bus 320 Final Paper

    • 1741 Words
    • 7 Pages

    Amazon.com continues to grow, and they stand behind their mission statement, “Our vision is to be the earth’s most customer centric company; to build a place where people can come to find and discover anything they might want to buy online” (Amazon, 2012, Company facts). Amazon.com is accomplishing their mission. From that first sale in 1995, they went from selling that one book, to selling thousands upon thousands of products to people all over the world. Customers can buy almost anything they want on Amazon.com.…

    • 1741 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    After researching and reading the 2009 and 1997 Annual Reports, it was determined, that in order to achieve this recognition, they needed to acquire the United Kingdom and German online booksellers. By these acquisitions, they increased book sales in the European markets. They have also formed the following strategic partnerships: 1) with AOL (to become the exclusive book retailer for the public website). 2) Borders (another book retailer with an online presence, to manage their web operations) and 3) with record labels, movie studios, and publishers to provide consumers the ability to download music, movies and books to electronic devices and Amazon’s Kindle.…

    • 1370 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Nonetheless, Amazon was incorporated in 1995. It offers online retailing services to customers across the world. Amazon focuses on convenience, selection, and price. In addition to the direct retailing services, the company allows other small and medium sized businesses to sell their products through the company’s websites. The customers and business are able to complete their orders and transactions in Amazon’s websites. Other individuals such as authors, musicians, and filmmakers are also able to sell their products using the same platform. Millions of products are offered through the website. The website may be accessed through PCs, and even mobile applications. The core segments of the company include the…

    • 1627 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Selling nothing but books is how Amazon.com started its business in 1995, now is acknowledged as the leading online retailer in the world. In addition, its new line of products is the compact disc, digital video disc and movie videos, to include many other products from retail partners from around the world as partnership agreements, which sell their goods through the Amazon.com website. This agreement known as “powered by Amazon,” allows partnered companies to use Amazon.com website capabilities and technology to order and purchase products. Retailers that have played a part in powered by Amazon partnership are Toys ‘R’ Us and Target.…

    • 3537 Words
    • 15 Pages
    Better Essays
  • Powerful Essays

    Global Management

    • 1266 Words
    • 6 Pages

    Amazon's firm-specific resources and capabilities in the United States consist of their ability to offer products at a discounted rate of 20% to 30% which entices their customers to order products through them opposed to off of the manufacturer's website. Not only does Amazon sell books, but they also have a wide variety of electronics, appliances, furniture, dvds, clothes, etc… The ease of ordering multiple products at discounted…

    • 1266 Words
    • 6 Pages
    Powerful 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
  • Powerful Essays

    Amazons mission and goal is “ to be earth 's most customer centric company; to build a place where people can come to find and discover anything they might want to buy online.” (http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol-faq#14296). Their business summary states “Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates retail Websites, such as amazon.com and amazon.ca. The company serves consumers through its retail Websites and focuses on selection, price, and convenience. It also offers programs that enable sellers to sell their products on company 's Websites, and their own branded Websites. In addition, the company serves developers and enterprises through Amazon Web Services, which provides access to technology infrastructure that developers can use to enable virtually various type of business. Further, it manufactures and sells the Kindle e-reader. Additionally, the company provides fulfillment services; miscellaneous marketing and promotional agreements, such as online advertising; and co-branded credit cards. Amazon.com, Inc. was founded in 1994 and is headquartered in Seattle, Washington.” (http://finance.yahoo.com/q/pr?s=AMZN+Profile).…

    • 1175 Words
    • 5 Pages
    Powerful 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

    Amazon is a Fortune 500 American e-commerce company created by Jeff Bezos. CEO Jeff Bezos was an investment banker with no previous experience in the book publishing or retail industries. Amazon began in 1994 as an online bookstore, which gave it the advantage of having more titles than the traditional brick-and-mortar stores. From its book selling roots, Amazon has branched into clothing, gourmet food, watches, jewelry, baby products and apparel, beauty products, sporting goods, music CD’s, DVD’s, video tapes, home appliances and electronics and so much more.…

    • 924 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Amazon.com is an American multinational electronic commerce company with headquarters in Seattle, Washington, United States. It is the world 's largest online retailer. Amazon.com started as an online bookstore, but soon diversified, selling DVDs, CDs, MP3 downloads, software, video games, electronics, apparel, furniture, food, toys, and jewelry. The company also produces consumer electronics—notably the Amazon Kindle-book reader and the Kindle Fire tablet computer—and is a major provider of cloud computing services. Jeff Bezos started the company in his garage. He started out by selling just books, but now they sell just about anything.…

    • 4286 Words
    • 18 Pages
    Better Essays
  • Best Essays

    Executive Summary of Amazon

    • 3297 Words
    • 14 Pages

    Amazon.com is a customer centric company. They put more effort in improving their system to make the experience of customer more comfortable so that he keeps on returning to the website. Jeffery Bezos who is the founder of the Amazon.com started this company after seeing the use of internet increasing rapidly.…

    • 3297 Words
    • 14 Pages
    Best Essays
  • Better Essays

    Relentless TMA 01

    • 2946 Words
    • 9 Pages

    The world saw a website selling books and assumed that Amazon was, and always would be,…

    • 2946 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Amazon Marketing Strategy

    • 908 Words
    • 4 Pages

    "12/14/98 AMAZON.COM: THE WILD WORLD OF E-COMMERCE." BusinessWeek - Business News, Stock Market & Financial Advice. Web. 08 Aug. 2009. .…

    • 908 Words
    • 4 Pages
    Better Essays

Related Topics