What are the responsibilities of the board of directors? Please provide an example of a board of directors that did not meet its responsibility. Laws and standards defining the responsibilities of the board of directors differ from one country to another. In the US companies must comply with the laws in which the company was incorporated. Many countries agree on what the most important responsibilities of the board of directors are. Setting corporate strategy‚ overall direction‚ mission or vision
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concepts in the chapter are illustrated in this case? Business Value Chain Model series of activities activities where competitive strategies can be applied primary vs secondary Porters competitive forces model view of firm‚ competitors and environment Traditional Competitors New Market Entrants Substitute products and services Customers Suppliers Analyze Amazon and Walmart.com using the value chain and competitive forces model Amazon Activity Example Secondary Activity Administrative‚ finance infrastructure
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How do you describe the competitive risk in Amazon’s environment as Wal-Mart‚ Barnes and Noble‚ and other retailers strengthen their online offerings? Having the most of the services that Amazon provides myself it is my go to place for every time I am trying to make a purchase. In my opinion‚ since Amazon has established a great amount of customers and being the one of the most organized and friendly online place where you can purchase practically anything‚ it will be hard for other competitors
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Amazon Amazon is the biggest online retailer in world. This world-class retailer‚ which began doing business as an online bookseller in the mid-90s‚ has changed with the time and currently it offers its customers a wide variety of products such as electronics‚ clothes‚ beauty products‚ and so on. In addition‚ Amazon operates as a service provider allowing other retailers to sell on its site and it also commercializes cloud storage services and its own tablet post-PC device –Kindle-. (Businessweek
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AMAZON History and Background Amazon was founded in 1994 by Jeff Bezos‚ who is still the head of the company at the time. Based in Seattle‚ Amazon started out as an online bookseller and went on to become the world ’s largest non-travel e-commerce business. Once the website was established as a bookseller‚ it was a logical step into the sale of other entertainment products‚ such as music and films‚ and also into the hardware used to deliver home entertainment. Amazon was a pioneer in the use
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The company’s positioning and business model * Amazon is the first mover of virtual retail supercenter selling products which started off from selling only books online and also offer the lowest possible prices to its customers. * Thus‚ Amazon is likely to be seen as a ‘broad differentiator’ who is in the middle of differentiate and cost leaders approaches. * However‚ it can be seen as more leaning to differentiators as most of its past and current strategies are focusing more on innovation
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Hypermarket‚ Convenience Store‚ Retailing‚ Malls‚ Shoppers Introduction India has witnessed a frenetic pace of retail development over the past five years. Goldman Sachs has estimated that the Indian Economic growth could actually exceed that of China by 2015. It is believed that the Country has potential to deliver the faster growth over the next 50 years. (1) As we all know that India has been a nation of Dukandars‚ having – approximately 12 million retailers. Obviously retailing is in our blood – either
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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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· What is the most important customer benefit stressed on this site? The site stresses discounts and savings on their products‚ implying that shopping with Amazon will help customers get the best value for their money. · How does the company try to create a relationship with its customers? What evidence of enhanced customer value do you see? Based on what you see‚ rate their success on a scale of 1 - 5. The company’s website saves customer preferences and past purchase categories and interests
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The marketing mix is the combination of marketing activities that an organisation engages in so as to best meet the needs of its targeted market. Traditionally the marketing mix consisted of just 4 Ps with 3 extras; an example of marketing mix is Amazon. The most difficult task for any organization is creating an all-around environment which allows a group of customers to feel comfortable purchasing their products or services. The strategy requires the organization to determine the ideal products
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