Amazon.com - A Giant of E-commerce Essay - 1854 Words

Amazon.com - A Giant of E-commerce EXECUTIVE SUMMARY Electronic commerce industries that make â€Å"e-commerce† possible are growing at breakneck speed, altering not only how Americans, but also the global marketplace produces, markets, and acquires goods and services. In the e-commerce industry, it is generally agreed that Amazon.com provides one of the best business model â€Å"benchmarks† today. Amazon.com came online in the summer of 1995 with a mission to use the Internet to transform book buying into the fastest, easiest and most enjoyable shopping experience possible. According to their home page Amazon.com â€Å"since the summary of 1995 our customer base and product offerings have grown considerably, millions of people in more†¦show more content†¦Amazon lost $720 million in fiscal year 99, which ranked us in the top five of Fortune 500’s top losses for that year. INDUSTRY ANALYSIS Type of Products: Consumers can purchase nonperishable products online such as: literature, music, videos, coins, stamps, tools, etc. Government and Social Issues With e-commerce sales estimated to hit $200 billion by 2004, its imperative that we look at environmental impact. On the surface, e-commerce industries such as Amazon.com appear to offer a big environmental bonus by eliminating millions of trips to malls. However, after closer examination, one can see a net environmental impact that is decidedly murky. According to Scott Matthews, a research scientist involved in assessing environmental impacts of technology at Carnegie Mellon University in Pittsburgh, â€Å"On-line shopping does reduce commuting in gas-guzzlers and the need to build more retail stores. But every book ordered on the Web, is heavily packaged and moves on a transportation network that taps many resources.† So instead of shipping, 10 books in one box, now its 10 books heavily packaged in 10 boxes to e-commerce customers. Governmental regulatory initiatives include the establishment of an Expert Group to advise the Minister for Financial Services and Regulation on consumer protection aspects of e-commerce, and business on consumer protection issues and negotiating a range of multi-lateral and bilateral international agreements. The key internationalShow MoreRelatedAmazon, Inc. Inventory Management1553 Words   |  7 PagesAmazon.com, Inc. Inventory Management The e-commerce giant that everyone knows as Amazon.com started in 1994 as a vision of great untapped potential from founder Jeff Bezos. â€Å"Seeing beyond the obvious to potential commercial applications, Bezos saw a giant opportunity in the general public’s growing usage of the Internet, which was exploding at a rate of 2,300 percent per year† (Llopis, 2011). Since 1994, e-commerce and Amazon have both grown to be integral parts of business as we know it. ThisRead MoreThe Company Amazon.com Inc. An E Commerce Based Industry Essay1289 Words   |  6 Pages Political The company Amazon.Com Inc. an e-commerce based industry can be affected by the country’s political external factors for example: A) political stability of developed countries. It could creates an opportunity to expand . B)Government support for e-commerce. It is an a opportunity as a well a threat, an opportunity because it can continue to expand and diversify it business, a treat because competition will also increase. C) Increasing governmental efforts on cyber-securityRead MoreE Commerce Giant : An Organization Is Defined As Measurement Of Strategy For The Business1695 Words   |  7 Pagesâ€Å"An organisation is defined as analytical competitor when it uses analytics extensively and systematically to outthink and outexecute the competition.† Amazon.com is an America based e-commerce giant which has its headquarters in Seattle, Washington. It is the largest internet based retailer in the United States of America. Initially, it started with an online bookstore but soon it started extending its branches by selling DVDs, CDs, Video streaming and downloading, MP3 streaming and downloadingRead MoreHistorical Perspective On The Organization1586 Words   |  7 Pagestheir school bookstore and find their way to Amazon.com This hunt for class textbooks at a discounted price has become a part of the student culture in America. This phenomenon that occurs is merely a drop in the ocean of the giant that has become Amazon.com Amazon.com was founded in 1994 in Seattle, Washington by Jeffrey Bezos. In 1994, Jeffrey Bezos founded Amazon.com in Seattle Washington. Although the headquarters still remain the same, Amazon.com has been through changes. Amazon.com’s initiallyRead MoreAmazons Competitive Analysis1296 Words   |  6 Pagescompetition. Due to the shift of focus for Amazon, it has become the Earths biggest anything store. Its competitors have expanded from just online book retailers Barnes and Nobles and Borders to top audio retailers CDNOW.com and online auction house e-bay.com. Amazon has an overall lead of 40% market share against the other online retail firms. Their international business has more than doubled over the past 2 years Amazons primary value chain includes purchasing/sourcing, marketing, distributionRead MoreBook Report On Amazon s Vision Of Being The Earth s Most Customer Centric Company For Consumers1083 Words   |  5 Pagesthe beginning of each new semester, millions of students across the United State of America forsake their school bookstore and find their way to Amazon.com This hunt for class textbooks at a discounted price has become a part of the student culture in America. This phenomenon that occurs is merely a drop in the ocean of the giant that has become Amazon.com Founded in 1994 Amzon.com has accomplished CEO Jeffery P. Bezos’ vision of being the â€Å"earth’s most customer-centric company for consumers, sellersRead MoreAmazon s Objectives Of Amazon1111 Words   |  5 Pagesthree segments. These segments are Amazon Marketplace, Prime, and Amazon Web Services (Amazon.com, n.d.). It is through these segments where Amazon’s primary strategies are executed. Marketplace had a rocky start. First of all, initially, Amazon used Marketplace to try to take on the then number one online retailer, eBay. EBay had a strong hold in online auctions, and Amazon was unable to defeat them (Amazon.com, n.d.). Thankfully, Amazon quickly adapted and transformed Marketplace to consistRead MoreEssay on The Internet and the Power of E-Commerce1373 Words   |  6 PagesThe Power of E-Commerce The Industrial Revolution changed the face of the business world. In much the same way the Internet Revolution has changed the business world; its impact has ricocheted to every corner of the world. The internet revolution gave birth to an electronic economy. Ecommerce has seen tremendous growth in the last years, its effects are countless. Ecommerce has allowed for the expansion and proliferation of a globalized economy, it has made transactions easier and more efficientRead MoreSwot Analysis Of Amazon1349 Words   |  6 Pages1. BRIEF OVERVIEW Amazon is an electronic commerce company which provides online retail shopping services to four primary customer sets: consumers, sellers, enterprises, and content creators. Amazon also serves consumers through its retail websites with a focus on selection, price, and convenience. The company designs the websites to enable products to be sold by the company and by third parties. Amazon.com was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA. 2. IDENTIFYRead MoreAmazon Goes Global On The Internet1266 Words   |  6 PagesAmazon Goes Global Amazon.com, Inc. is one of the popular E-Commerce websites on the internet. Besides that, it is also recognized as America s largest online retailer. It is founded by Jeffrey Preston Bezos in 1994, a former financial analyst for the New York hedge fund D.E. Shaw Company. Amazon.com is an American e-commerce company with its headquarters located in Seattle, Washington. The Amazon.com, which is one of the nation s biggest book sellers, had first started off as an online bookstore