The computer innovation that is represented by my computational artifact is Amazon.com. Amazon’s intended purpose is to sell different items through electronic commerce (Hall). Its function is to also serve as a middleman between retailers and their customers (Hall). My computational artifact helps to explain the effects of Amazon.com by showing just how much their sales revenue has increased from 2004 to 2016 and further the increase of use of electronic commerce. This helps to prove that Amazon is effecting society, because many people are turning to e-commerce, primarily Amazon, for their shopping rather than going out to shop (Statista.com). To begin with, I first did research to find data about the yearly sales revenue for Amazon.com in order to make a graph. I ended up using data from Statista.com by an anonymous author. After that, I used a website called Piktochart.com. Piktochart.com is an online poster-making tool where presentations and graphs can be made. From there, I made my graph by inputting the data from Statista.com and then wrote a brief history about Amazon.com to help provide some background information about the company. Lastly, I saved it as a .pdf file. …show more content…
Many people have extremely busy lives and do not have the time to go out and shop for their necessities. Amazon allows society to simply order whatever they want from their electronic device, and get the product(s) shipped within a few days for a low price (Investopedia.com). One harmful effect this innovation has on society is how it puts countless number of small retailers out of business due to the fact they cannot compete with the accessibility and low prices that Amazon has to offer (Investopedia.com). By putting out these small businesses, employment for young or unskilled workers is also taken away
The article,¨Amazon.com Is a 21st Century Deal with the Devil¨, by Amy Koss talks about how Amazon is the Devil in the 21st century.The main idea of this article is why and how Amazon is the Devi in our century. I can see why that Amazon is the Devil because Amazon is taking away jobs from people. It also says that we don't want to interact with people and we don't want to go places. I also agree with the Koss because we just met people online and don't talk to people outside of our homes. The article says that people just go out then go back home and order it on Amazon. Amazon are destroying small independent bookstores. Amazon is also toying our sloth and make us want to buy things that we don't even need.
History”, n.d.). But the unbelievable pace at which Amazon added new products and new customers proved to be a formidable barrier for any competitors. Within the first 10 years Amazon accomplished an unbelievable feat; it had 49 million customers and 6.9 billion dollars in revenue, and it had done so by selling some products at a loss to build market share (Rivlin, 2005). At times it was difficult leveraging so much capital to grow market share, but Jeff Bezos’ focus on the customer and long term growth of the company proved to be the real reason Amazon didn’t fall prey to the .com bust like so many other internet
Treanor, T.. (2010). Amazon: Love Them? Hate Them? Let's Follow the Money. Publishing Research Quarterly, 26(2), 119-128. Retrieved February 24, 2012, from ABI/INFORM Trade & Industry. (Document ID: 2377177581).
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
Brynjolfsson, E., & McAfee, A. (2011). Race Against the Machine: How Digital Revolution is Accelerating Innovation, Driving Productivity and Ireversibly Tranforming Employment and the Economy. Lexington, Massachusetts: Digital Frontier Press.
Technology has played a huge role in how companies today conduct business with their consumers. Over the past few decades there has been a shift in business models and strategies because of the emerging innovation in technology. One of these innovation are e-commerce, businesses that use e-commerce can now see a major difference in sales and revenue. Amazon has taken the idea of e-commerce and turned it into a successful and profitable business. Amazon Company developed a brilliant strategy for emerging into an already competitive market. This entails the revision of an existing concept. Unlike major companies like Apple, Microsoft that invented new products and services, Amazon did not need to create a whole new product but to create a better business model system that can be used in the future. This helped their rise to fame by taking over an existing idea but improving it to match consumer needs and wants. Overall companies will need to develop better business strategies to be able to evolve into e-commerce industry moving forward.
Launched by Jeff Bezos, the Amazon.com website started in 1995 and is today considered as one of the most prominent retail website on the internet with a record turnover of US$ 14.87 billion in 2007. Jeff Bezos’s intention was to create an internet based company with the most dedicated product portfolio on the internet where customers could find anything they might want. Amazon’s success is based on technology, services and products (Jens et al., 2003).
One of the greatest opportunities for Amazon is an Online Payment System. The online system allows the company to reduce transaction fees and increase ease of use for their customers. Internet sales are increasing at a fast pace. This is a product of increased fuel prices, which make driving to a store less likely, and foreign purchases. This development allows foreign purchases to buy clothing as it becomes more popular abroad. Amazon’s biggest competitors can include retail stores that online stores such as Target, Best Buy, and Walmart among others, these can be considered the most dangerous for them since they have strong market share and can be a direct competitor since they attack the same market. Amazon wish to compete in prices, offering
When Amazon.com first began in 1995, as strictly a book retailer, Bezos knew he had discovered an excellent company. After all, a physical bookstore cannot stock anywhere close to the number of books Amazon can offer online. Within a year, the company had a customer base of approximately 340,000 consumers and daily site visits were huge as well. But Bezos wanted to expand the company to offer music and DVDs, because he realized there was little or no barrier of entry. In the next years Amazon would emerge as a marketplace, expanding the company globally offering products from toys to kitchenware. Because of the relatively cheap prices Amazon was offering and also the growing number of online shoppers, the company was doing tremendous amounts of sales and creating profits.
Amazon.com creates value for its customers by offering customers broad array of products to select from through their website and ensuring timely delivery of products to exhibit high level of commitment towards their business and customers
There are hundreds of sites on the internet claiming to offer the best, lowest prices, and superior product or service. In just the blink if an eye it seems they yet another online department store has sprung up, Amazon.com has too stay on the ball in order to even stay in the game at all. There are many gateways for online hackers to enter and steal private customer information on the internet. Amazon.com has to stay updated with the latest and most advances anti spyware equipment (Free SWOT). Anybody can go on and order anything on Amazon which has gotten them in trouble in the past. Just this year the FTC filed a lawsuit against Amazon.com for allegedly charging parents millions if not billions in charges that children unintentionally incurred while using their parents phone or computer (Forbes). Amazon.com also must be careful and have and an extensive and detailed qualification process for vendors. Every vendor that sells product through Amazon.com represents Amazon.com as a brand with the delivery service, quality, and cost of the product there are
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...
Amazon is best known for their kindle, fast shipping, and selling various products (Smith). With Amazon being such a large corporation, professionalism, academics, character, and engagement are crucial parts of the success of the company. Professionalism: Amazon has grown to become the largest internet-based retailer in the world by total sales. It began as primarily an online bookstore and soon began to sell more and more electronics and then over time began to sell pretty much anything. In 1998, Amazon earned about $0.6 billion, which held steady growth from 1998-2006 (“Amazon.com”).
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).
Today there are no limitations to what technology can do to change the way we do Business. From online malls like(http://www.mall.com) to sites likeE-Bay technology has changed the way we do business. What we can conceive we can achieve. What is coming up next might impact our ways of doing business but the major impact, the major changes have began and what will lead now will be enhancing those changes. We have discussed many ways that technology has impacted our businesses.