Preview

Jeff Besos

Good Essays
Open Document
Open Document
6468 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Jeff Besos
Jeffrey Bezos is the owner of Amazon.com. He observed the growing rate of internet usage in 1994 as it reached 2,300 percent a year. He thought of opening an online book store from where people can directly buy books. Jeffrey Bezos’s vision was to transform the book buying process into a fast, easy and enjoyable exercise. (Robinson,2009)
In just over a year Amazon.com proved that Bezos’s vision was revolutionary as the revenues reached $15.6 million by the end of 1996 and Amazon became the most successful e-retail bookstore on World Wide Web. After that Amazon.com has seen tremendous growth every year and now it serves customers in more than 160 countries of the world and offer products in a very wide range. Amazon.com now offers products in categories like books, electronics, computer software and hardware, mobile applications, fashion apparels, grocery, health and beauty, movies and music, kids and baby toys etc. (Kalpanik & Zheng,2010)
Jeffrey Bezos is the owner of Amazon.com. He observed the growing rate of internet usage in 1994 as it reached 2,300 percent a year. He thought of opening an online book store from where people can directly buy books. Jeffrey Bezos’s vision was to transform the book buying process into a fast, easy and enjoyable exercise. (Robinson,2009)
In just over a year Amazon.com proved that Bezos’s vision was revolutionary as the revenues reached $15.6 million by the end of 1996 and Amazon became the most successful e-retail bookstore on World Wide Web. After that Amazon.com has seen tremendous growth every year and now it serves customers in more than 160 countries of the world and offer products in a very wide range. Amazon.com now offers products in categories like books, electronics, computer software and hardware, mobile applications, fashion apparels, grocery, health and beauty, movies and music, kids and baby toys etc. (Kalpanik & Zheng,2010)
Jeffrey Bezos is the owner of Amazon.com. He observed the growing rate of internet usage

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

    Cmgt 400 Week 2

    • 1100 Words
    • 3 Pages

    Byers, A. (2006). Jeff Bezos: the founder of Amazon.com. New York, NY: The Rosen Publishing Group.…

    • 1100 Words
    • 3 Pages
    Better 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

    As mentioned before, Jeffery P. Bezons is the President and Chief Executive Officer of Amazon.com. Bezons is also the Chairman of the Board. Richard L. Dalzell is the second in the rank; he is Senior Vice President (Worldwide Architecture and…

    • 2039 Words
    • 9 Pages
    Powerful 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
  • 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 an online based selling business. Amazon.com sells thousands of items ranging from clothing, beauty products, books, electronic, plus so much more (“Essortment”, 2011). Amazon was founded by Jeff Bezos in 1994, focusing on the selling of books (“Essortment”, 2011). Following the creation of Amazon investors took interest, putting money into website design and expanding the range of items sold (“Essortment”, 2011). The decision to sell a variety of items brought success but in 2001 revenue had dropped and employees were being laid off (“Essortment”, 2011). Bezos, the original founder, came up with the idea of recruiting companies to sell their products through the Amazon website, this move generated the needed sales to get Amazon back on its feet and generate profits for all companies involved (“Essortment”, 2011).…

    • 517 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Jeffrey Bezos

    • 1643 Words
    • 7 Pages

    Brandt, R. L. (2011, Oct 15). REVIEW --- Birth of a Salesman --- Behind the Rise of Jeff Bezos and Amazon: Richard L. Brandt on the Founder’s Texas Roots, the Sites Chaotic Early Days, Why Negative Reviews are Allowed and the Increasing Use of Personalized Data. Wall Street Journal, pp. C.1.-C.1. http://search.proquest.com/docview/898391472?accountid=2837…

    • 1643 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Amazon Case Study

    • 1002 Words
    • 5 Pages

    The launch of Amazon.com in July of 1995 was the creation of a new and bold way of doing business on the Internet. Amazon.com forced the traditional physical world brick and mortar retailer in the book industry to change the way they target the industry 's consumers and then epitomized Business-2-Consumer e-retailing. Although, Amazon.com started as an online bookstore, according to eRetailNews , they have since spread its wings into other industries such as music, DVD, toys, videos etc...…

    • 1002 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Amazon.com was founded in 1994 by Jeff Bezos as an online bookstore. As CEO he has built it into the largest retailer on the web, selling everything from groceries to electronics and shoes. Jeff Bezos was working in a quantitive analysis group at an investment firm, when he saw an opportunity to sell books on the internet. In 1994 he went on a cross-country drive from New York to Seattle to start Amazon. He typed his business plan as he went. And he picked up $300,000 dollars from his parents in Fort Worth, Texas. He set up his business in his garage and began selling books via the internet. His business became worth $4.4 billion according to Forbes ' latest billionaire rankings in 2009. Since the start of Amazon.com, Jeff Bezos came very close to failure. The company was on the brink of bankruptcy. Jeff Bezos lost a total of $550 million in startup cost by November 1999. But inspite of that, Time magazine named Jeff Bezos " Person of the year" a month later.…

    • 1680 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Amazon.com, the largest online retailer in the United States, was founded by Jeff Bezos in 1994 and the site went online in 1995. Amazon.com first started out as huge online bookstore, now the company sells products such as CD 's, DVD 's, toys, MP3 downloads, computer software, furniture, video games, apparel, electronics, and food among other things. When a company offers so many different products in different categories there are bound to be some pros and cons associated.…

    • 2077 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    By Ankit Shah Amazon is one of the first ventures that set out to tap the potential of web for retail business. It’s hard to believe that a business that started out of founder Jeff Bezos’ garage in 1994 has revenues of over $32 billion today. What is even harder to believe is that the company didn’t make any profit for first 5 years of its conception. Looking back, many leading business analysts see Amazon’s business plan as one of the soundest yet simple business plans, or virtuous cycle as it is more popularly known, of that era.…

    • 1243 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    pORTER'S FIVE FORCES

    • 1709 Words
    • 7 Pages

    In the early 1990s, the Venture Capitalists and Banks reviewed business models of books, CDs, electrical appliance retailers which were majorly confined to brick and mortar stores and simple operations. But they would be surprised to view the business model of Amazon.com Inc, which has used the internet to gain competitive strategic advantage and personify most of innovation metaphors.…

    • 1709 Words
    • 7 Pages
    Powerful Essays