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a comprehensive essay on swot analysis
critical review about swot analysis
critical review about swot analysis
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Scenario: Customers rave about the vast selection, fast shipping, and customer review option for each and every product on the Amazon.com website. The Fortune 500 e-commerce website, headquartered in Seattle, Washington, is the largest internet-based retailer in the United States. Customers are well informed about their purchase with customer reviews and Amazon has competitive prices. Amazon is one of the most successful businesses of our era and most valuable retailer of the country (Kantor & Streitfield, 2015). Amazon Prime members, a program with a yearly membership charge, receive special perks such as free shipping, unlimited streaming of television shows and movies, music streaming, downloads of free books, and many other deals and discounts …show more content…
If an employee is not accessible, it could lead to negative ramifications from the management team, no matter the toll, physical or emotional. The scathing article was shared with Amazon employees and CEO of Amazon.com, Jeff Bezos, which denies these allegations. In a memo shared with his staff, Bezos encourages employees to read the negative report. Any type of behavior describing these abusive actions were encourage to be reported to Human Resources or directly to the CEO (Cook, 2015). How can this damaging reputation be remedied? The purpose of this case study, through business analysis, will provide recommendations how to improve the employee culture at Amazon.com. Analyses: For the purpose of this case study, the Balance Scorecard and Strengths, Weaknesses, Opportunities and Threats (SWOT) analyses will be used to analyze the employee culture at Amazon.com with proposals on improvement. The Balanced Scorecard is a management tool used for strategic planning in business and industries to align activities with a vision and strategy. The tool is used in the organizational setting to improve communications (USAID,
Bezos believes in the value of customer satisfaction and this is the Amazon.com main objective. A huge number of measurable goals are used to track the rate of how Amazon performs and wishes to perform. Not surprisingly, an astonishing eighty percent of those goals are related to the satisfaction of the customer. Bezos primarily concern is improving the performance of the organization and customer service. Personnel issues are given secondary importance and attention. As Stone has emphasized (2013), Kim Rachmeler , who worked for Amazon.com for more than a decade, affirm that “This is not somebody who takes pleasure at tearing someone a new a--hole. He is not that kind of person. Jeff doesn’t tolerate
According to Robert S. Kaplan and David P. Norton (2007), a balanced scorecard is “to translate strategy into measures that uniquely communicate your vision to the organization.” This tool is valuable to any organization as it creates a better viewpoint of operations on an assorted variety of measurements. By gathering precise measurements and allocating a score to every listed type of measure, the score that is calculated can provide valuable information to the organization and the different relationships within. Coyote Community College has specified the categories they are wanting for their new scorecard. Listing out the measures and how they will be measured should be used for these new categories will be needed.
A balanced scorecard can be beneficial for a company. It is a process that can strengthen their mission. It will also be an opportunity to focus on their strategy for both the short term and long term. By determining the strategic planning, then goals can be put into place to achieve that planning. In order
Using the balanced scorecard method you are able to get a balanced view on how your company is performing. Using this method you get a full view on if your company is meeting its objectives. Even though your company may be performing well financially other areas of your company could be failing. When using this approach your company will look at objectives short and long term and determine the health of your company. Lastly when using this approach any strategic actions that are implemented will match your desired outcome. (Bowen,
According to Wikipedia (2006), the balanced scorecard is describes as ¡§a method for measuring a company's activities in terms of its vision and strategies. It gives managers a comprehensive view of the performance of a business. It is a strategic management system that forces managers to focus on the important performance metrics that drive success. It balances a financial perspective with customer, internal process, and learning & growth perspectives. The system consists of four processes: 1. Translating the vision into operational goals; 2. Communicate the vision and link it to individual performance; 3. Business planning; 4. Feedback and learning and adjusting the strategy accordingly.¡¨
Throughout American history, it’s society has glorified the idea of being gritty and its virtues, such as perseverance, toughness, and courageousness. These ideas were apart of the American man that settled land from the east the west coasts, built business from the ground up, worked multiple jobs to singly support his family, or if need be, go off to war. Today, these virtues have spread much further throughout society, but have started to take backlash from camps of people who see life’s potential more developed by the quality of a person’s environment, rather than seeing how well someone can adapt to broken situations. These two camps have lead to opposing ideas in society, from workplaces that pamper every aspect of your life to women’s
Eule, A. (2013). It’s time for Amazon to open its black box. Barron’s, 93(42), 37.
Amazon’s macro-environment is made up of six external factors: political, economic, environmental, technological, social, and legal conditions. These factors are important because they shape how the company operates and you must know each piece to be able to compete within the retail and eCommerce industry. An evolving political factor are the efforts the government has made toward punishing offenders of cyber-crime. This kind of thief wasn’t walking into your store, but hacking into your computer. This type of crime wasn’t possible before the internet. The government has started to take these crimes more serious as technology evolves. Technology is a factor that Amazon.com must invest heavily in. They are reliant on having top of the line technology to survive against cyber-crime and to stay relevant in the tech world. ECommerce is everywhere now and competition is very high. This brings in legal conditions; Amazon must know what laws exist in which countries because they are a
Amazon is one of the biggest companies today. Everybody heard of Amazon. A lot of people started online shopping and selling due to Amazon. They are the biggest international electronic ecommerce company. They have been taking out other companies and businesses due to their popularity and success. An example can be is the retail company like Best Buy isn’t doing so great due to online shopping. Their current biggest competition is Amazon. To compete against Amazon, Best Buy offers price match but it’s still not enough. A company like Amazon has to have great leadership in order to be successful at this level. For any business or company to succeed, it must have great leadership. Amazon employees whether they are a manager or individual contributor, you are an Amazon leader.
Organizations use balanced scorecards as a measurement tool to determine if their strategy and strategic planning have been successful (Pandey, 2005). A balanced
Amazon is one of the largest brands in the world, reporting $23.18 billion in sales last quarter. They operate with a customer-first mentality. This is clear in their mission statement, which is as follows: “We seek to be Earth’s most customer-centric company for four primary customer sets: consumers, sellers, enterprises, and content creators (Amazon).” Amazon’s CEO, Jeff Bezos seeks to bring the highest quality products and most efficient services to their customers. According to critics of Amazon, Bezos’ goals have lent themselves to a
Amazon has been able to maintain sustainable competitive advantage based on three operational strategies. These are low cost-leadership, customer differentiation and focus strategies. Low cost-leadership is pursued by Amazon by differentiating itself primarily on the basis of price. By offering low prices to customers Amazon ensures its future success. Partially modifying the costs of lowering prices over time through achieving higher sales volumes, negotiating better terms with suppliers, and achieving better operating efficiencies. Amazon makes sure that it offers the same quality products as other companies at a considerably cheaper price. Another strategy that Amazon has is its fast delivery service and there are many delivery services that one can choose from. With Amazon Prime, there are certain, but many products that have free two-day shipping. Also, with Amazon Prime, there are many offers specifically for people that have Amazon Prime. For example,
Amazon has recorded a magnificent success in its business throughout the years that it has been in operation. It has attracted almost all people to use it when necessary. Amazon has built its success in business methodically and slowly. Amazon has made much success because of its ability to read market trends and diversify its operations. It started as an online book selling company. However, it changed its operations and started selling other products. Currently, many large retail shops use Amazon to host and power their websites, for instance, sears and virgin megastores. Amazon now attracts over fifty million visitors in a period of one month. Amazon has tried to make their services fit each individual user. It has based its services on the end user. It has shipping discounts, customer product reviews and a credit card with bonuses. It also has prime membership, product forums and 1-click ordering system among other services. The company has tried to make a remarkable experience for customers and visitors (Thomas, 2006).
From the consumer side, Amazon provides services like Amazon Prime, which delivers free two-day shipping on retail purchases, on-demand video streaming and a free access to the Kindle library, everything for an annual
Amazon’s also tried to spearhead the industry by introducing the customer-pleasing traits in terms of the technology, order fulfillment and retailing strategies categori...