...has Amazon.com succeeded online when so many other companies have failed? Amazon Inc. is an American international e-commerce business. It started by Jeffrey P. Bezos in the year 1994. It is a world’s largest online retailer, the company managed to survive and successful, while many other companies failed. Amazon.com success largely depends on its ability to structure its business model in unexpected ways (Business Insider) Amazon.com provides a massive volume of products from various retailers, giving consumers a variety of options to choose from at a twenty four hour, seven days and three hundred and sixty days in the year. Consumer, again have the option to shop at any time of the day and could purchase all items needed at one time without having to go from store to store. To make it easier for consumers, Amazon.com “creates personalized storefronts for each customer by providing more information and more choices than could be found in a typical neighborhood store. Amazon.com survival and success also depended on its different ventures and willingness to invest in the latest internet technology, which intend made shopping online faster, easier and more personally rewarding to consumers and retailers. The ability to position its self not only as a bookstore but also as a technology company has not only increase the success of Amazon.com but has also met the retailing needs of companies of virtually all sizes and different products. The recent services of Amazon.com that...
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...internet has revolutionized the business arena. The use of the Internet is changing high-tech marketing overnight while different industries have been trying to use it as part of their marketing strategy. It does not only reconfigured the way different firms do business and the way the consumers buy goods and services but it also become instrumental in transforming the value chain from manufacturers to retailers to consumers, creating a new retail distribution channel ( 1999). Website development is a powerful tool used by different business organizations around the world. It is defined as the process of achieving business objectives utilizing electronic communications technology. Internet has change the way of life of many people worldwide. With the advent of such technology, it brings convenience and easy mode of information transfer among people of diverse locations. The Internet, as one of the most popular form of new mass communication technology, has long been of full use and advantage to all sorts of businesses especially those who are in need of efficient and wide market reach on which to channel their promotional messages. Business, information and entertainment have been communicated with ease through such technological revolutions. These technological advancements have brought people especially those in the business world to utilise a strategy that would be helpful in enhancing the business value of any organisation ( 2003). Today, the business sector uses Internet predominantly...
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...University of Phoenix BIS/219 Carl Hardeman January 27, 2010 Amazon.com Evolution Paper As the team researches this well-known company, we realize that their business changed over time. We have research if Amazon is moving away from its core competency, competition with other companies, the use of its database, and how Amazon uses e-business and e-commerce for B2B and B2C. Amazon is a world known online retailer company. Jeff Bezos discovered Amazon in 1994. He launched the online store a year later. WOW! What a well written business plan. “The company began operating as an online bookstore under the name Cadabra.com, from the word abracadabra. Bezos quickly changed the name because it sounds too similar to cadaver. He renamed the company "Amazon" after the world's most voluminous river (Amazon.com, N.D.).”Amazon has not driven away from its core competency. The online retail store has just broadened their horizon. In the beginning, the company started off with Amazon existing as an online bookstore, but Amazon is now selling more products. The consumer can purchase books, electronics, clothing, furniture, movies, food, toys, and much more. The company had meetings in a garage, to Barnes and Noble for future meetings. The owner wanted so much more than just an online bookstore. It seems like he wanted Amazon to be a one stop shop. Today that is exactly what it is. The online bookstore was able to put forth countless times...
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...E- Business With the advent of internet and web development technologies, e-business is playing emergesDocument6 with a larger role in today’ entrepreneurial world. “The internet offers businesses and other organizations a source of information, a means of communication, and a channel for buying and selling, all rolled into one, with just a few clicks of a mouse” (Boone, Kurtz, 2011,p.214). It has also revolutionized almost every aspect of business. People all around the world use the internet for their daily life, for instance, surfing information, paying bills, making purchases, communicating with organizations or individuals, and connecting with people around the world. The internet, extranet, and the other forms of digital technology has created a valuable chain among clients, employees, stakeholders, suppliers, traders into the world of electronic business. This new form of communication can be used either for business to business or business to customer as well. Electronic Business on E-Business is a term used to describe a wide range of business activities operating via the internet internet, or utilize internet technologies to improve the productivity or efficiency. E-business also provides superior customer service, increase sales, and reduce costs. A business enterprise may use the internet to exchange information with the customers, advertise their products, research market trends buy and sell goods and services. E-business uses tools such as e-mail services,...
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...Instructor Amazon Evolution Amazon (www.amazon.com) is the largest online retailer in the United States. Many people around the world go to amazon.com and find virtually anything they are searching for. In the beginning, Amazon’s initial strategy was becoming the largest online bookseller. Their plan was based on a combination of things, such as: a need in the marketplace for discount books, providing these books at discounts when purchased in bulk, and run the business without the same staff required at a traditional book store. Amazon.com very quickly caught on to people was looking for cheaper books, especially the college students. At that time, eBay was the primary way of buying other products online. Amazon changed the strategy of the business to make better uses of the company’s capabilities. The strategy was to make use of the extra 90 percent of the company’s processing capacity and improve revenue by offering computing, storage, and other technical services to businesses as well as individuals. This was a very smart move on their part. This was not the original purpose of the business; however, there was constant changing in the market and new competitive online retailers that they had to diversify the business. The new strategy took Amazon in a new direction that allowed them to compete in a broader business market. Three of the services offered are the Simple Storage Service (S3), the Elastic Compute Cloud (EC2), and the Mechanical Turk. There may...
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...Incubators: are programs designed to support the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. Incubators vary in the way they deliver their services, in their organizational structure, and in the types of clients they serve. http://en.wikipedia.org/wiki/Business_incubator The concept of an open “Idea Pool” or incubator came about by Idealab’ s CEO Bill Gross’ interest in providing support for entrepreneurs and start-up businesses in the dawning of the dotcom era. This concept which relied heavily on entrepreneurs and their fledgling businesses was ideal because it introduced the optimal business opportunities of the internet to the entrepreneur as well as provided them a place where they could develop their business ideas alongside other entrepreneurs. Two major advantages to this were financial incentive and assistance provided by the Idealab and its investors. Financial Incentive: One major benefit for the entrepreneur was the financial assistance they received as being associated with Idealab. Usually a new business would have to borrow financial capital from an organization such as a bank, and pay it back installments with interest. With an Idealab incubator, a business only has to hand over a percentage of its profits. Idealab would have a major stake in the company once it was off...
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...Report on Amazon.com Supply Chain Management 1 IT500-01: Critical Concepts and Competencies for the IT Professional Instructor: Dawn Giannoni Unit 3 Report May 21 2013 By John Rohrig Report on Amazon.com Supply Chain Management 2 What began in 1995 as a website to buy books has blossomed into the largest online retailer in the world. Not only can one purchase a book in a traditional paper format, they can also get them in electronic form and read them on any type of electronic reader available. Books are merely the beginning of things one can purchase from Amazon. The company has become a giant in the e-commerce community as just about anything can now be purchased and shipped worldwide in a very short time. To put it succinctly the company is enormous, and a force to be reckoned with. Amazon.com,(2013) In order to compete with companies like Amazon we have to understand a few things about the different systems they use, and what they mean, the following are but a few. Real Time Transaction Processing: when goods and services can be tracked from the moment they are initiated to the time they are concluded. Amazon works on this system much like FedEx and UPS. Stair & Reynolds (2012). Analytical Processing: the act of collecting data, processing, and analyzing it so business leaders can make an informed decision. (Power, 2010) Supply Chain Management: Simply put it is the combination of all things form the acquisition...
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...Amazon.com’s E-Business Model Amazon.com was founded in 1994 as an online book retailer. Now, the largest retailer of books has also become the largest online retailer with a customer base of over 30 million people. Amazon competes in a vast array of markets including: books, movies, digital readers, computers, consumer electronics, pet needs, groceries, health and beauty aids, toys, clothing, jewelry, shoes, sporting goods, tools, automotive, hardware, building supply, and more. Despite their large product offering, Amazon has maintained its strong brand. Imagine if Toys-R-Us, the largest toy retailer began selling books or if the NBA began selling hardware online. The threat of consumer confusion would rise, thus bringing into question the value of the Toys-R-Us and NBA brands. Some analysts question the wisdom of Amazon.com selling products that are typically sold in the business-to-business markets. For example, you can now purchase industrial, laboratory, and scientific supplies from Amazon.com. (See Appendix – comparison and contrast chart of Amazon.com, Barnes and Noble, and Borders.) 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 study comprises of Amazon.com which started its history by selling books and now one of the online market leaders globally not only for books but products from various categories. Company started with a mission to...
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...maintain the company’s image This is investigates success of three online book websites and how or if they have expanded their markets. Amazon.com is the largest online book retailer and now is the largest online retailer. Barnes & Nobles is now expanding to other markets to stay competitive. Borders.com is just standing there ground with books, magazines, etc. This articles compares and contrasts the business of all three. It investigates information from the 2009 annual report of Amazon.com and answers questions related to it. It expounds on the brand and identity of Amazon.com and its furthered channel of distribution. It also gives opinion on Amazon.com’s future market in retailing. Relationship of the Article It is related with Macroeconomics Market because Macroeconomics is concerned with the aggregate performance of the entire economic system and demand and supply on a national or global basis . 1) Resources Allocation Methods Scare resources might be allocated by using any or some combination of the 9 methods. Market Price , Command , Majority Rule, Contest, First-come /First –Serve ,Sharing Equally ,Lottery , Personal characteristics ,Force . 2) Benefit , Cost and surplus revisited 3) Obstacles to Efficiency 4) Alternatives to the Market . For this case , Barnes & Noble and Amazon.com...
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...Amazon Evolution BIS 219 June 24, 2012 Ursula B. Woodruff Being the global leader, Amazon.com is at the top of the ranks in e-commerce. This organization has not only enlarged its international websites, but had expanded their network worldwide of customer service and fulfillment service center (Amazon.com, 2009). Amazon.com was established in 1995 and has expanded into an international Fortune 500 cooperation with distribution locations in France, Germany, Japan, China, Canada, and the United Kingdom (Amazon.com, 2009). In an effort to sustain success in the business, the company took full advantage of innovative technology. Arising to be the method in managing business and shopping society uses the internet daily to complete such tasks. Also to maintain a thriving organization Amazon decided to broaden their services from retail online to offering services online in an extraordinary way. Online, customers have the choice and opportunity to view and purchase a broader selection of service and products. There is rivalry in every business. Google is an online search engine that allows customers the opportunity to utilize its online services. Google owns many other websites that are all well known. Leading the way for information in the technology field, Microsoft was founded in 1975. Although other online business such Google and Microsoft are in stiff competition with Amazon, the company is still considered the leading retailer online. When Amazon took the initiative...
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...Amazon.com Financial Reporting ACC/290 April 4, 2012 Amazon.com Financial Reporting Part Two Amazon.com (Amazon) has a demonstrated a history of consistent behavior since their beginning in 1995, with big visions, long-term strategies, dedication to streamlining, prolific innovations, strategic investments, and an obsession over the customer. Starting a company with zero dollars in 1995, and capturing more than $6 billion in media/book sales in 2010, Amazon has taken the lion’s share of the ecommerce market (Treanor, 2010). By analyzing Amazon’s assets and liabilities, we seek to gain a better understanding of the structure of their business and the flow of their cash projection. A good corporate reputation confirms the high level of trust in a company. It can make a strong relation with a number of stakeholders either emotional or Intellectual and beside it can act as a source of authority and credibility for the company (Heydari, Teimouri, Jamehshooran, 2011). For reporting purposes the assets of a company should be grouped with similar assets to keep the information clear and easy to follow. According to Kimmel, Weygandt, & Kieso, (2009) “a classified balance sheet groups together similar assets and similar liabilities” (p. 48). The order in which the assets are listed is called marshaling. There are three different ways in which a balance sheet may be marshaled; the order of liquidity or reliability, order of permanence, and the mixed order of arrangement...
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...The Strategic Framework Of Amazon Online Amazon.com Overview Amazon.com was one of the first major companies to sell goods over the Internet and has become a worldwide established name. Amazon.com is an American e-commerce company that is based in Washington. It was founded by Jeff Bezos in 1994 and began as an online bookstore but due to its success, Amazon has diversified into other product lines and services such as groceries, electronics and Merchant Program (see Appendix 1 for detailed portfolio). Amazon. com’s stock price has fluctuated in recent years from $105 in 1999 to $5 in 2001 (Lauden and Traver, 2000). Amazon.com has developed separate websites for Canada, UK, Germany, France, China and Japan. Amazon.com vision is to become (Amazon.com, 2007): “Earth’s biggest selection and to be Earth’s most customer centric company.” Definition of Strategy An integrated set of actions aimed at increasing the long-term well-being and strength of the enterprise relative to competitors. strategic thinking: creative, entrepreneurial insight into the ways the enterprise could develop. Strategic planning: systematic, comprehensive analysis to develop a plan of action. Opportunistic decision making: effective reaction to unexpected threats and opportunities. Strategic management: having an effective combination of coherent planning, incisive thinking and astute opportunism. The Evolving Nature of Strategy and Strategic Planning in Organization: World War II: Formal strategic...
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...Background description of Amazon.com 3 2.0 What is Big Data? 4 2.1 The Business View 5 2.2 Technical View 5 3.0 Amazon.com and Big Data 6 4.0 Identification of Amazon.com’s "Big Data" needs 6 5.0 Big Data problems to be solved and Big Data solutions 6 6.0 What are AWS (Amazon.COM web services) problems and what is the solution for it 8 6.1 Kinesis other advantages 9 7.0 Conclusion 10 8.0 References 11 1.0 Background description of Amazon.com History Amazon.com, Inc. (Amazon.com) serves consumers through its retail websites and focus on selection, price, and convenience. The Company offers programs that enables sellers to sell their products on its Websites and their own branded Websites and to fulfill orders through them , and programs that allow authors, musicians, filmmakers, application developers, and others to publish and sell content. The Company operates in two segments: North America and International. The Company serves consumers through its retail websites, and focus on selection, price, and convenience. The Company designs its Websites to enable millions of products to be sold by the Company and by third parties across dozens of product categories. Customers access its Websites directly and through its mobile Websites and apps. It also manufactures and sells Kindle devices. In October 2013, Amazon.com Inc acquired TenMarks Education Inc. Effective February 5, 2014, Amazon.com Inc acquired Double Helix Games LLC. Amazon.com is a Fortune 500...
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...The Impact of the Internet and New Technologies on the Book Retail and Publishing Industries in the United States Jim Overman, Internet/Technical Coordinator Consortium Book Sales & Distribution St. Paul, Minnesota, USA Size of the Book Market in the United States In the year 2000, the size of the book market in the United States was approximately $25.5 thousand million. Of that figure, internet sales represented approximately 5%. Two Models of Internet Book Retaililng Since the beginning of the retail of books on the internet in the early 1990s, two primary business models have emerged: the strictly virtual bookstore and the “clicks and mortar” combination of virtual and physical stores. These models are also found in other retail ecommerce. Strictly Virtual Model The strictly virtual bookstore is a store that only exists on the internet. The best known of these stores is Amazon.com, which began selling books on the internet in 1995. The advantages of an entirely virtual bookstore include: 1) The ability to offer a wider selection of books. Large bookstore in the United States, including the chains, will often carry between 35,00-100,000. Amazon, however, carries nearly all books in print (available), approximately 2 million. 2) The ability to sell books in any location and 24 hours per day. 3) Lower operating cost. A virtual bookstore does not have to build or rent store space. Also virtual bookstore do not require as many employees. However, some of these cost savings are offset...
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