This week, we're going to be discussing Amazon and it's ascent to become one of the...

This week, we're going to be discussing Amazon and it's ascent to become one of the largest global online retailers. Get ready for another great set of conversations! https://www.youtube.com/watch?v=YlgkfOr_GLY

Why do you think has Amazon succeeded when so many other companies have failed? How did their First Mover's Advantage factor into their ubiquity? How long did it take for Amazon to become profitable? What’s next for Amazon... Cloud computing? Deliveries by drone? Travel? Retail?

You should research the company and include the following in your conversations: current revenue and gross profit stats major competitors Use this site for your financial research: Finance.Yahoo.com

Expert Solution

We think that Amazon had succeeded when so many other companies have failed because of the following key reasons as below

Amazon Strategy was adequate for the online business and they could able to implement the Amazon online business successfully.
Amazon supply chain was effective and it was the key reason for success of the Amazon, as their supply did not stopped.
Amazon was able to achieve consumer interest and able to deliver the consumer requirements at better cheaper and faster ways.
Amazon was able to package in profitable way so that Amazon could be able to generate profit and able to give value to consumers as well.

Amazon’s First Mover's Advantage factor into their ubiquity that it helped them to provide the new concept in the world market and the concept was so good that people gets the benefits. The marketing for Amazon was so great that it created the influencial model for the consumers.

Amazon took couple of years to get into profitable category. No Amazon is a big brand and high profit earning online organization. It had earned a lot of wealth for its investors and is expanding its business in large segments. Now Amazon is willing to expand in other businesses like cloud computing so that they can help their online business in larger way and they could develop the technology so that their online business will be well supported.

Now Amazon would like to improve their deliveries by drone technology so that they can further improves their delivery approach. Amazon can explore the travel market, so that they can expand their online capabilities in travel business.

Amazon recently announced its acquisition of Whole Foods Market. The press release was very brief and short. It just released the professional update in the press release. This is another move for Amazon expansion.

keosha answered 10 months ago

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