AMAZON REKINDLES ITS FLAIR FOR TECHNOLOGY Summary of Case Amazon.com‚ headquartered in Seattle‚ Washington‚ the world ’s largest online retailer and also one of the nation ’s biggest book sellers. It was founded in 1994 by Jeffrey P. Bezos‚ a former financial analyst for the New York hedge fund D.E. Shaw & Company. In the beginning‚ the company began as an online bookseller in 1995. The name Amazon.com was chosen because the Amazon River is the largest rivers in the world. The Company operates
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For its part Amazon recorded revenues of $17.09 billion dollars in 2013 but for all that activity‚ the company did not yield a profit. According to its founder and CEO Jeffrey P. Bezos‚ Amazon strives to be the retailer of choice for all things and for all people globally. To this end‚ Amazon’s profit margins on most products are razor thin and its business practices regarding free shipping and generous return policies erode earnings. Still there is no question that Amazon.com is one of the darlings
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DVDs‚ electronics‚ toys‚ tools‚ home furnishings and housewares‚ apparel‚ and kitchen gadgets.” Amazon had also begun getting into the retail business by selling products offered from companies such as ToysRUs‚ Target‚ Borders‚ Hotwire‚ and many more. Amazon strived to “set the standard for web businesses. The site was intended to become as user friendly as possible with the ability to match needs to all sorts of customer bases. Features that won customers over with the company included their recommendation
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Running head AMAZON.COM’S E-BUSINESS MODEL Amazon.com’s E-Business Model Monte Guyton Strayer University Assignment #2 Submitted in Partial Fulfillment of the Requirements for the Course BUS508: Contemporary Business Dr. Miller Fall 2011 Amazon.com’s E-Business Model Discussion 1. Discuss the pros and cons of Amazon’s growth and diversification of business and specialization‚ and make recommendations about what Amazon could have done differently. The internet
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1-4. In what ways does Amazon‚ as a company‚ evidence the willingness and ability to collaborate? As we discussed in class‚ collaboration is the activity of two or more people working together to achieve a common goal‚ product‚ or service. Collaboration with competing firm is a critical aspect to Amazon’s business model. In late 2007‚ with the introduction of the Kindle e-reading device According to Science daily‚ Amazon’s collaboration with competing firms such as Apple allows iPad consumers to
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an opportunity only Amazon.com can give long form reading to be digitalized. They have analyzed their strengths and capacities that helped them develop a new innovation in the market. From there‚ they were able to produce a refined product called Kindle that has the ability to review and remember more what a person reads follow people of interest and allows one to see their Public notes and manage his books‚ highlights‚ and notes. Question 2 How do you describe the competitive risk in Amazon’s
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content for the Kindle and the Kindle Fire than they do on the devices themselves. Bezos thought the most reasonable thing to sell over the internet was books. The internet offers customers to review the books‚ or write a book review‚ and it also offers them to recommend other books and more. Offering Kindle showed an advanced point of view since digitized media is so widespread today. It is also based on a systematized thinking that readers are bored with just plain old books. Developing the Kindle continues
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just half a million in 1995 and went up to 1‚640 millions by 1999. Amazon targeted the local traditional retailers that wished to develop online retailing capabilities. However‚ by 2001 amazon was at the brink of bankruptcy. The company grew exponentially and went from selling books and music’s to software’s‚ house supplies‚ toys‚ and electronics. It was responsible for distribution‚ warehouse inventory‚ and order fulfillment of all orders. Its business model expanded their product line to include
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Report on the Case Study --- Amazon.com This paper will summarize the main points of the presentation about Amazon.com in the first part including brief introduction‚ PESTEL analysis and Porter’s five forces; and raise critical analyses in the second part mainly focus on Amazon’s competing groups and its superiority. Summary of presentation Amazon.com is the world’s largest ecommerce retailer founded by Jeff Bezos. The site formally opened to the world in 1995(Quittner)
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The Amazon of Innovation Amazon is a company we all know and love. The company is widely known for its online retail shopping‚ it’s popular Kindle Series with e-bookstore‚ along with their cloud and order fulfillment services amongst many other things. Amazon has become a great example of a perfect collaboration system and utilizing all of its information systems. With the vast history of Amazon we can begin to ask certain questions that would help understand Amazon and its continual success in
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