Amazon The World s Largest Online Store - 1664 Words

Introduction: Amazon.com is the world’s largest online store that provides access to online shoppers worldwide. In 1994, Jeff Bezos started this in his garage with the name of Cadabra. It was given its present name in 1995. Its headquarter is in Seattle Washington according to the statistics of 2012, 88,400 employees are working in the office and its revenue is about 61.09 billion US dollars. Firstly starting as an online book store, it developed itself as the largest online store of DVDs, software, mp3 downloads, videogames, furniture, toys, food, jewelry and many more things. Amazon is present in many countries as separate selling websites like America, Canada, Brazil, France, Germany, UK, Italy, Spain, Japan and china. As the internet banished the geography, so did the Amazon. Today, there are 1.7 billion internet users as compared to the 3600 million in the year Jeff Bezos started the Amazon. So, it also globalized along with the globalizing world (Wasserman 2012). Discussion Bezos’ vision was to make this company that would have an unbroken chain of book selling. He wanted to create a brand which was irresistible and global. In the words of his university professor: â€Å"he was not warm. It was like he could be a Martian for all I knew. A well-meaning, nice Martian. Bill Gates said, â€Å"I buy books from Amazon.com because time is short and they have a big inventory and they are very reliable†. So, the Amazon.com has affected not only the common but also very well-known personsShow MoreRelatedCompany History And Overview Of Amazon.com, Inc.1488 Words   |  6 Pagescommerce company with headquarters in Seattle, Washington and is the largest Internet-based retailer in the United States (Ungar, 2014). Amazon.com started as an online bookstore, but soon diversified, selling DVDs, Blu-rays, CDs, video downloads/ streaming, MP3 downloads/streaming, software, video games, electronics, apparel, furniture, food, toys and jewelry (Ungar, 2014). The company also produces consumer electronics—notably, Amazon Kindle e-book readers, Fire tablets, Fire TV and Fire Phone — andRead MoreSwot Analysis Of Amazon : Swot Analysis Essay1198 Words   |  5 Pagesthe Amazon Kindle e-reader, Fire tablet and Fire TV - and is the world s largest provider of cloud infrastructure services (IaaS). Amazon also sells some low-end products, such as the USB cable, its internal brand Amazon Foundation. SWOT The SWOT is one of the most useful tools to analyze the company. According to the analysis of SWOT, company would have improvement from the business operation. Here is the SWOT analysis of Amazon in 2016: Strength Weakness 1.  Low-cost structure, the largest selectionRead MoreCan We Consider Walmart A Fair Competitor?s Online Success?1609 Words   |  7 PagesFAIR COMPETITOR TO AMAZON’S ONLINE SUCCESS? Amazon’s victory is significant, keeping in mind that the company grew by 41% in the last fiscal year by $48.1 billion, that is, five times faster than Walmart, that grew only by a mere 8% (Fig 2). Indeed, Amazon’s world-wide popularity and recognition will be difficult to beat, with demographics of 237 million active customers worldwide, making it one of the most valuable brands in the world. Not only has Amazon seized the world with its e-commerce strategyRead MoreAmazon s Founder. Jeffery P. Bezos Essay1518 Words   |  7 Pagesvaledictorian of his class and was accepted to Princeton University where he planned to study physics but was overwhelmed by his love and interest for computers which led him to earn his degree in computer science and electrical engineering. Intrigued by the world of finance, Jeff found employment on Wall Street with the firm D. E. Shaw which specialized in the application of computer science to the stock market, where he earned the title o f being the youngest senior vice president. In 1994, Jeff noticed internetRead MoreAmazon s Major Competitors Are Divided1086 Words   |  5 Pagespart is physical stores such as Walmart or Target. The second area of competition is through the online market eg; EBay and BestBuy. As opposed to Amazon, customers in a physical store could have more comprehensive experience, especially for specific products like clothes and electronic devices. Some customers need to be able to see and try the product themselves before feeling comfortable enough to purchase it. Secondly, although Amazon has two day free shipping for its Amazon Prime, people areRead MoreAmazon Go A Grocery Store1409 Words   |  6 PagesAmazon Go is a grocery store that is fully automated with cash register and no traditional checkout. You check into the Amazon Go account with the app and then you take the items that you want and you go, just like the name. The analysis of the current situation of Amazon Go and what le ad Amazon Go to come into the grocery business. What is amazon’s business strategy in terms of competition, pricing, etc. Team insights on top of Amazon future plans in the grocery market. Strategic Analysis MissionRead MoreAre You Looking For Buy Electronics Online?1348 Words   |  6 PagesAre you looking to buy electronics online? There are a lot of different factors to consider. The best price is probably the first thing on your mind, of course. But there are also the issues of shipping cost, reliability, rewards programs, temporary sales and coupons ... it s enough to make your head spin! This guide to eight of the top online electronics retailers breaks down their different strengths and will help you determine which retailer is the best fit for you. 1. Best Buy Best Buy isRead MoreAmazon s Distribution Of Distribution Essay933 Words   |  4 PagesChannels of distribution Amazon is an e-commerce company that sells their products and services to customers and producers. Amazon plays big roles such as a middleman, a marketplace, and an online retailer. Their channels of distribution are also diversifying depended on their roles. Many retailers, wholesalers, manufacturers, publishers, and 3rd party sellers are attracted to Amazon.com, †¦(need something here)†¦Ã¢â‚¬ ¦ yet still creates many conflicts with retailers and publishers. Take the case of Toys’Read MoreAmazon s Distribution Of Distribution Essay1262 Words   |  6 PagesChannels of distribution Amazon plays big roles such as a middleman, a marketplace, and an online retailer. Amazon can be viewed with having one channel of distribution. However, Amazon divides its channel into two groups professional and individual. Professional is the plan for who sells more than 40 items a month such as retailers and wholesalers like Apple, Target, and Nordstrom. Individual is the plan for 3rd party sellers who sell less than 40 items a month. Products will be sent and stockedRead MoreTo:Melody Dixon-Brown. Bus-3160 Colleagues. From: Jaaia1691 Words   |  7 Pages Company Information Amazon is the World’s largest and number one e-tailer (Terry-Armstrong, 2013). Amazon started off with 30,000 employees in 2011 and at the end of last year they had 180,000 employees in the U.S. They have plans to increase their workforce to 280,000 by mid-2018 and also plan to employ 25,000 more veterans and military spouses (â€Å"Amazon Plants,† 2017). Amazon is an American based multinational electric commerce company founded in 1994 and launched online in 1995. The company started