Business Model of Amazon.com Amazon.com is the pioneering bookstore on the Internet that first opened in July 1995 by Jeff Bezos. The firm offers online shopping services and partnership opportunities such as online search for books‚ music and video items. The products that they sell include an array of audio‚ video and book titles. Amazon has one of the widest selections and employs international shipping to virtually every corner of the globe in just a few days. Amazon’s focus is having the biggest
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added several products including electronics‚ health and beauty products‚ house wares‚ kitchenware’s‚ music‚ tools‚ toys‚ videos‚ and several services such as auctions‚ 1-Click ordering‚ and zShops. Amazon.com has expanded nationally and internationally and now operates several customer service and distribution centers in the United States and international web sites that serve customers around the world. One problem that founder and CEO‚ Bezos faced‚ was how to turn Amazon.com into a consistent moneymaker
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SWOT analysis of Amazon. 2. SWOT ANALYSIS 2.1. STRENGTHS Huge Global Brand Amazon was a pioneer in the application of information technology in the retail sector. Amazon has developed customer database up to the number of 30 million and become the leading online retailers worldwide. It is now favorite website of most online shoppers. Guaranteed quality of various products and services Start as an online book seller‚ Amazon has now grown “to a virtual Wal-Mart of the web” (Jatinder G. & Sushil
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e-commerce company‚ is the largest online retailer in America whose revenues are triple those of its nearest competitor. Amazon serves a worldwide audience and its website is available in English‚ Chinese‚ French‚ German and Japanese. Amazon websites get around 615 million visitors annually because of its strong brand and reliability (http://www.webhostingreport.com/learn/amazon.html). Amazon began as an online bookstore. This gave it the advantage of having more titles than the traditional brick-and-mortar
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later discovered the vast potential of the Internet and started coming up with other products to sell. He started off with 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
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They also have customer service reps ready to serve you either by e-mail or by phone. Through email amazon.com provides personalized communication. Unless you opt out of email notifications from amazon.com‚ you can be sure to get recommendations for products to buy based on recent purchases and from what others have bought similar to your purchases. Another way they provide personalized communication is through their web site. Amazon.com has business programs that service customers by allowing
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Value Creation of Amazon 1 Introduction With the development of technology and economic globalization‚ the lives of people have been enriched and online shopping is becoming the first choice of the majority. Amazon Company is an online retailer which has the most varieties of goods in the world. This report would introduce the Amazon’s background first‚ following with the discussion and analysis of Amazon’s strengths and weaknesses as well as its opportunities and threats. At last‚ this paper
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Case study : Amazon 1. What is the business model for Amazon.com? How does their business model differ from that of Barnes and Noble or Borders? How would you value Amazon.com? Amazon is a relatively small player in the bookstore industry‚ and its main competitors are Barnes & Noble and Borders. Despite the difference in scale‚ the company shows great promise‚ because its business model overcomes many of the competitors’ drawbacks. Amazon operates using a web-based platform to sell
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overcome in order to increase users. Technological. There is an increase in broadcasting‚ information and telecommunications technologies for Internet access. Increased rate of Internet sources usage. Rapid development of ‘high-speed’ network services (e.g. broadband) increases usability of media. Contents are easily made available to online shoppers. Environmental. Less movements (car trips)‚ more shopping online. Changing business methods and environment to become more “green”‚ e.g. with
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and IT has made it possible to both focus on the top and bottom lines and market share is expanded and costs are cut. Many products and services exist just online‚ major companies have gone online to successfully augment the brick and mortar corporations‚ and the playing field is all the way to edges of cyberspace‚ wherever that is Traditional competitors Amazon has strong competitors like online retailing stores and a large number of physical stores(Books‚ Grocery‚Electronics‚Video games etc).
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