Introduction
Amazon.com Inc, which took its name after the Amazon River, is one of the largest and widely known international electronic commerce company that was founded by John Bezos in July of 2014 in the United States (Byers, 2007). Amazon started as an online bookstore, but after the dot-com bubble that covered roughly a timeframe between 1997 and 2000 it had to be diversified as soon as possible in order to be able to compete and surpass all the other electronic commerce stores that made their appearance. The company begun by selling physical products such as DVDs, CDs, MP3 downloads and streaming, video games, electronics, jewelry, clothes and even food. In addition to all these, the company also produces electronic devices – the Amazon Kindle e-book reader and Kindle Fire tablet computer, and nowadays is one of the major providers of online services as well.
Another feature that makes Amazon, one of the top online retailers and services is the Amazon Web Services (AWS); a collection of remote computing services, which all together create a "cloud" computing platform that is accessible over the Internet. The entire service is advertised as a unique provider of a large computing unit that is faster, cheaper and more reliable than building an individual physical server. For the best customer service, Amazon Web Services are located across seven geographical regions that are consisted by Australia, Brazil, China, Europe, Japan, Singapore and the United States of America. Furthermore, the most well-known Amazon Web Services are Amazon Elastic Compute Cloud (EC2) and Amazon Simple Storage Device (Amazon S3) and both are well established in the market with millions of users. Through this paper, Amazon Elastic Compute Cloud will b...
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Amazon.com is an On-line retailer of, originally, books. The company was established as a micro enterprise in the US in 1994. Since then it has enjoyed rapid expansion in all aspects of its operations, including business turnover, and a spectacular rise in share value since public floatation in 1997. New on-line sites based in Germany and UK and a distribution centre in Amsterdam were established in 1998 to cater for European markets. On August 30, 2000 Amzon.com launched its third site outside the US, Amazon.fr in France. Amazon.com sells only on-line and is essentially an information broker. It holds a relatively small, though increasing, inventory and outsources most aspects of its operations (but not IT). The key to its operation is to offer value added and sophisticated customised services, a continuously expanding catalogue of products in terms of both quantity and range, and deep discounts. Alliances and partnerships with publishers, other on-line retailers and technology providers are therefore strategic. The ambition of the company today is to become a premier general on-line retailer by leveraging on its existing brand and business model. Amazon.com: Business Overview
Is Amazon a bubble waiting to burst? The following discussions in this research paper will explore several key issues from its birth to its debatable future. Amazon is not a stranger to arguments revolving around questions of its longevity and success. When the systemic bubble of 1999 arrived Amazon’s corporate goal was to get big, to do it fast, and to establish a hold of new markets before any other competitor. During this time frame Amazon began branching out and selling anything and everything. With the burst of the internet bubble in 2000 and 2001, Amazon changed its goal from growth to aggressively making profits in all areas of their business. In 2001, Amazon’s founder and CEO stated in a Wall Street Journal article “We’ll ferociously manage the products we carry so that we sell only products that are profitable. The thirty-pound box of nails isn’t long for our world” (Elmer-DeWitt, 2001).
For our business profile project, we focused on Amazon. Amazon.com Inc. was founded by Jeff Bezos in 1994. Amazon was first started in Bezos ' garage and has turned into a billion dollar operation over the course of 22 years (Smith). Amazon is currently headquartered in Seattle, Washington and has branch locations all over the world. Amazon is most 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.
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 is a company that is a tremendous help to students, parents, company’s, businesses and any other entity that would require their services. By the creativity of one man, he changed lives and the business market forever. Amazon is used for many purposes such as books, clothing, shoes, medicine, hardware, and just about anything else you could name. Before the analysis of the company, the history and management must be explained.
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).
Evaluate the scalability, dependability, manageability, and adaptability of Amazon Elastic Compute Cloud (Amazon EC2), Amazon Simple Storage Services (Amazon S3), and Right-Scale.
Amazon.com (AMZN: Nasdaq) was founded in 1994 by Jeff Bezos, the “head” of the company and a visionary. He has remained the chairman, president and Chief Executive Officer of the company since its beginning. Bezos graduated summa cum laude (3.85-4.00 GPA) in electrical engineering and computer science from Princeton University. After graduating, he worked in the computer field on Wall Street, built an international trade network for a company called Fitel, became the vice-president at Bankers Trust and later, the vice-president of D. E. Shaw & Co, a global investment management firm. After acquiring a wide knowledge about internet-based retailing and its regulations, Bezos moved to Seattle and opened his first company: Amazon.com. Within two months, Amazon's sales were up to $20,000/week. His talent and dedication took Amazon.com to the leading position of world’s largest e-commerce company and top model in Internet sales. Just in the last two years, Bezos has been nominated Businessperson of The Year by Fortune in 2012, one of the wealthiest people in the world (with an estimated net worth of $28 billion) by Bloomberg Billionaires Index and the second best CEO in the world by Harvard Business Review, both in 2013. Bezos developed a fascination with space travel and created the startup Blue Origin in 2000. The aerospace company, that had an exponential growth since its beginning, intends to expand space tourism with lower cost trips and develop life in space. Constantly expanding his business involvement, Bezos got into the media as well by purchasing The Washington Post newspaper in 2013.
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.
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 is a growing and trending brand, giving consumers the unique shopping experience they have always wanted. The company that was started by 1999 man of the year, Jeff Bezos, has taken 44 percent market share in online sales and purchases. (http://bloomreach.com/2015/10/survey-amazon-is-burying-the-competiton-in-search/) That makes consumers more inclined to search for products through Amazon, before the well-known search engine powerhouse, Google. The Seattle, Washington based company was started in 1995. During the well-anticipated start-up, the company’s focus was on book sales online. Over time, Amazon has set many trends in Consumer Behavior, expanding products across every product pool imaginable. "Amazon.com puts the customer
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).
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
Since the creation of Amazon in 1995, it has been a reference of adopting a successful strategy which has preserved over time; being the largest online store in the world nowadays. In addition, i...