Amazon.com is a electronic commerce company with its headquarters in Seattle, Washington, United States. It is the largest internet company in the world. Amazon was founded in 1994 by Jeff Bezos , an American business magnet and investor. He is the chairman, CEO and president of the company. Amazon is a worldwide company with 132,600 employees working in it. They started as an online bookstore but soon expanded to variety of products like DVDs, CDs, apparels, software's, jewellery, Toys, Appstore, Game studios, Kindle, Instant Videos, Woot, MyHabit.com and more.
Jeff Bezos born on January 12, 1964 is really a technology entrepreneur who played a key role in the growth of e-commerce . Under his leadership Amazon.com became the largest retailer
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Even though he had a "well paying job", his dreams of being an entrepreneur is really appreciable and a lesson for all who want to emerge as a an entrepreneur. Jeff took a cross country drive from New York to Seattle writing up …show more content…
He already have a platform-Internet, now it's the commodity to sell. He reviewed the top 20 mail order business which will help him in trade through internet. Jeff found that Books where the commodity for which no mail order catalogue exist and really perfect for the internet. He searched and founded book wholesalers and started his venture. The business grew faster than anyone imagined and more products were launched thereafter. As the company grew further, it attracted more criticism and controversies from different sources over its action. These include poor working condition of employees , luring customers away from competitors, government lobbying ,sales and tax usages, faced accusation of putting under pressure on suppliers increase and maintain its profitability. But none of these affected the company's growth as Jeff never looked on to such controversies even though some are true. His only intention was his business success and he made
The most obvious technological advance that helped Amazon, and the one that launched the company, was the internet (Parnell, 2014). Jeff Bezos knew that he wanted to open an online business and decided to start with a bookstore due to low pricing and an existing worldwide demand (”Amazon.com, Inc. History”, n.d.). After deciding on a model, he chose Seattle as a home for his business due to its proximity to high tech workers and a large book distributor. The website opened with a database of more than one million titles, whereas many competitors only stocked 2,000, and the orders went directly to wholesalers. Amazon quickly expanded their database to 1.5 million books and started offering deep discounts which attracted many new customers.
Amazon was founded in 1995 by Jeff Bezos and became one of the first major companies to sell goods over the internet
Almost twenty years ago, an individual named Jeff Bezos had a vision. He saw financial potential with the growth of the internet. He wanted to change the ways of retail commerce in a way that had never been done before. Amazon began as a vision and was born in Jef...
Before entering into entrepreneurship, however, he dabbled in other careers. They included retail, television, and even a stint as a collection agent. A little while later, he got a job at the company Logiquest. His first role there was in sales, but he rose all the way up to become general manager.
Jeff Bezo’s began Amazon in his garage in July 1995 with three Sun workstations setting on wooden doors for tables and extension cords running from everywhere (Academy of Achievement, 2010). Right from the beginning he was a visionary leaving his well paying job as a senior vice president with D. E. Shaw to begin Amazon.com (Academy of Achievement, 2010). Being the visionary that he is he saw an opportunity prompted by the huge growth rate of internet use in a single year and ran with it never looking back. Jeff realized that the internet had “no real commerce to speak of” so he began researching possible businesses (Academy of Achievement, 2010). “After reviewing 20 mail order businesses and deciding which could be conducted more efficiently over the internet than by traditional means he decided on books” (Academy of Achievement, 2010). He thought books were perfect because attempting to send huge catalogs for all the available books would be expensive and cumbersome, but an online resource database that was easy to navigate would provide customers with easy access and a single point from which to shop. “In 30 days, with no press, Amazon had sold books in all 50 states and 45 foreign countries, obviously by the success of Amazon he was right (Academy of Achievement, 2010). In a case study written by Javad Kargar called “Amazon.com in 2003” he stated that “Amazon's online store was a big hit, with about $5 million in the first year of operations” (2004). This huge success so quickly would have confirmed for Jeff that his idea was viable and drove him to continue to strive for more. Jeff Bezo’s charismatic-visionary leadership is the key to his and Amazon’s success.
Launched by Jeff Bezos, the Amazon.com website started in 1995 and is today considered as one of the most prominent retail website on the internet with a record turnover of US$ 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).
If Amazon had never created headquarters in Seattle, the city would have never become the power it is today. Amazon started as an online company selling books out of a garage in 1994 (Rosenberg and González). However, under the leadership of CEO Jeff Bezos, Amazon began to grow. By 2001, Amazon took over a total of 630,000 square feet across Seattle (Rosenberg and González). This city was chosen to hold Amazon’s headquarters because it was where Bezos lived as a child, and where he started the company (Rosenberg and González).
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 Studios has once again made an unprecedented move, hiring Woody Allen to write and direct his own television series for the first time in his more than four-decade-long career as a filmmaker for the big screen. In an announcement made on Tuesday, the company revealed that the 79-year-old artist will make his debut on streaming television next year. Moreover, Amazon Studios has already ordered an entire season of the 30-minute per episode series, according to a report from SFGate. In a press release issued by Amazon Studios, the company announced that "it has signed the critically-acclaimed Director Woody Allen to write and direct his first television series ever."
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
He and his wife, MacKenzie, drove to Seattle to be close to a book wholesaler called Ingram. MacKenzie drove the car while Jeff typed the business plan for the company. Jeff had already spent several months planning Amazon.com while he was at D.E. Shaw. He had traveled multiple times to California to meet with Shel Kaphan, a programmer who was the first employee at Amazon.com, and other programmers.
Looking at Bezos’s business model from an entrepreneurial standpoint is very interesting. He decided to take a very unique approach to business and in doing so he took some big risks to get where he is today. For a company like Amazon that is constantly pushing the boundaries and moving into new territory one could do a SWAT analysis for nearly every year they have been in business and it would look drastically different. For now I want to retrospectively focus on the initial plan that Bezos laid out and strengths, weaknesses, opportunities, and threats that came with it.
Amazon.com, Inc Company started in 1994 and featured online in 1995. The company has done extremely well in the market achieving remarkable success. Initially, Amazon was known as Cadabra. Inc. however, the name of the company changes when the owners of the company knew that people confused the name for cadaver. Jeff Bezos is credited for founding the company. The company has its base in the United States of America as a multinational e-commerce company. Its headquarters are in Seattle, Washington. It has been rated as the largest online retailing company, in the entire world. It has close to three times the sales revenue that staples, Inc made as a runner up, in January 2010 (Shire, 2008).
Amazon is the world’s largest retailer online. Founded in 1994 it has started as an online bookstore but soon expends its catalog with software, video games, electronics, furniture, food, toys etc.
Jeffrey Bezos, the founder and current CEO of Amazon.com, initially started the company as an online bookstore in 1994. Within several months, Amazon spread its operation to all 50 states and abroad. Presently, customers from over 45 countries buy at Amazon. Over a short period of time, the company expanded sales to electronics, video games, software, CDs, DVDs, MP3 downloads, food, furniture, apparel, jewelry, and toys. Today, the company even produces its own products such as the Kindle series. Also, Amazon.com is one of the major providers of cloud computing services. Currently, the company is the largest global online retailer responsible for 20% of online retail market share.