Question

1. Does a company like Amazon have a long range strategic plan? Or does it adjust to the daily market trends within the economy –considering that data/information change within seconds.

Answer 1

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Here we will discuss if a company like Amazon has a long-range strategic plan a does it adjust to the daily market trends within the economy.

There are a few things or strategies that Amazon follows to make sure that it has a long-range strategic plan. Amazon makes sure to take the past experience under consideration to make sure that the future plans be completely full proof and successful. Amazon also takes consideration of long term plants as it mainly focuses on the plant which is for the long term that can benefit the whole organization along with customer satisfaction. Amazon is also is known to be very customer-centric as it mainly focuses on customer satisfaction and providing them everything and anything they demand. Amazon known to have every kind of product that a customer can demand, it has many other utilities and facilities to provide to the customers. This is the reason that customers are loyal to the company like Amazon for a very long period of time and these long-range strategic plans have earned Amazon a lot of success and reality from customers. In this way, Amazon has earned a reputation and goodwill.