Amazon Inc Overview: Amazon Inc Amazon Inc is an American e-commerce company. The company has been very often credited as one of the leading online book, music and video retailers across the globe. It was instigated by Jeff Bezos in 1995. Today, it is one of the widely renowned and most visited e-commerce sites on the web…
In its recent endeavors, the company has been performing as a proven technology leader and has developed e-commerce innovations such as personalized shopping services, I-click ordering easy-to-use and other browse features. The company offers faster and safer credit transaction facility to its customers, and e4-mail communication with customers and direct shopping at competitive price worldwide (Amazon.com, Inc., 1998). The primary purpose of this paper is to identify Amazon’s current and future challenges along with the requisite competencies needed for its success. Current and Future Challenges Amazon has been successful in satisfying its customers’ needs with lower prices, vast selection and speedy delivery facilities. Nevertheless, the company has been currently facing intense competition from other online book merchants, mainly due to ease in new entry and low level of switching costs in the industry. Furthermore, the challenges in the form of competition are expected to increase in the future, making it more challenging for Amazon to achieve its goals and objectives. Notably, the security and privacy issues have always been a matter for challenge for the online business companies like Amazon. Despite, the adequate level of security and other facilities provided by the company, many customers decipher reluctance for conducting transactions over the internet. Additionally, the rapidly changing e-commerce environment has offered the company to make constant changes in its strategies in order to grow and adapt to the changing environment. Along with these challenges, the poor logistics and supply chain management has radically affected the ability of the company to earn substantial profits (Singh & Waddell, 2004; University of Washington, 1998). Competencies Required For Success Over the years, the company has been able to meet the needs of its customers more effectively and efficiently, which has rewarded the company to establish itself as one of the world’s largest online retailers. However, the constant changes in the online business environment, along with increasing competition has urged the company to focus on certain specific factors to strengthen its core competencies in order to retain its market position and attain success in the future. Hence, it can be argued that market orientation is a crucial factor for modern management in the e-commerce sector. It is also essential for Amazon to target the relevant needs of the targeted customers rather than emphasizing solely on the advancement of its technology approach. It is also equally important for the company to capture the arising market opportunities after assessing the upcoming risks in an efficient manner. In this regard, it is suggestible that the goals and strategies framed by the company should be in consistent with SMART (i.e. Specific, Measurable, Achievable, Reliable and Timely). It is thus necessary for the company to establish effective planning, monitoring and controlling of its activities. Furthermore, the company should conduct market analysis as well as competitors’ analysis at regular intervals in order to acquire potential understanding about the prevailing market trends and competitors strategies. The company should also involve in developing leaders for future and ensuring greater success with increased competencies of the future leader to deal with the challenges in the most efficient manner. Nonetheless, ...
Cite this document
(“Amazon Inc Research Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.net/human-resources/101812-amazon-inc
(Amazon Inc Research Paper Example | Topics and Well Written Essays - 750 Words)
“Amazon Inc Research Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.net/human-resources/101812-amazon-inc.
In the past few years, the field of information technology has experienced an incredible speed of growth. Additionally, these advancements and developments in information technology have brought a lot of changes in the ways people understand, think and carry out tasks in the 21st century.
This has presented the customers with the best deal for the tablet as compared to other companies dealing in the same commodity. Therefore, it has become evident that Kind Fire is willing to compete with the rest of firms that produce similar products, for instance Apple that produces the iPad.
The acquisition is to support Amazon’s growth in terms of market development as well as market penetration for facilitating more customers efficiently with wider number of products . The impact of this acquisition on the profitability and income statement of Amazon as recorded in annual statement is as follows: Kiva 2012 2011 sales 61,093 48,077 Change In Sales 27.07% Net income -39 631 Change In NI -106.18% (Amazon, 2012) Acquisition of Kiva has positively impacted sales with US $ 61 million; however, the impact on Net Income was extensively negatively and accounted for a net loss of US $ 62 million from KIVA raising total loss by 106% (Amazon, 2012).
It is one of the world's largest online retailers used to sell variety of reputed books through online means. Numerous famous books which are almost unavailable in physical stores may be easily attained in Amazon.com
Correspondingly, it would be crucial to mention that the company i.e. Amazon Inc always intends towards enabling an active participation of the employees in attending the targets set by it. However, the company is also aware of the fact that in order to encourage the employees or the workforce to work for accomplishing the goals of the organisation, it needs to reward them for their appreciative contribution.
Amazon Inc. has its future well focuses through quantified strategic objectives. To make it more competitive in future, plans for acquisitions have been laid down. Amazon Inc. hopes to up its game and venture into chains like Staples. This will be met by tough competition from firms like CPG.
Kindle with the help of which the consumers can have multiple electronic books at their disposal with just one click (Amazon.com Profile - History of Amazon.com and information about Amazon.com).
Amazon.com was founded by Jeff Bezos who initially started the company in his
Bezos started working on a business plan on what would finally become Amazon.com.
After studying a report concerning the future of the internet, which had yearly web commercial growth projections of 2,300%,
Amazon was picked as the suitable name because it started with letter A, an indicator of growth and was easy to spell and pronounce. It began as a book store but on realizing that the internet could expand
In terms of online security, as much as it is an issue that does not only affect Amazon, a separate department cyber watch spread over different user spheres can suffice. Such a department can pose in areas where books are in great demand such as
1 Pages(250 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic Amazon Inc for FREE!