Amazon : A Fortune 500 E Commerce Company Essay

Amazon is an electronic commerce company. Amazon was founded in 1994 by Jeff Bezos who is still acting CEO of Amazon. Its headquarters is based in the Seattle, Washington. Amazon has expanded its reach from the United States to all over the world. Amazon has separate retail sites, and distribution centers in the United Kingdom,France, Italy, Spain, China, and Brazil. Amazon sells everything from books, houseware, electronics, and clothing. In the recent years Amazon has expanded into the world of live streaming music, television shows and movies. Amazon creates its own consumer products like Amazon Kindle, or Amazon FireTV and its new product Echo.

            Amazon is a company that was founded in the two-bedroom house of a man named Jeffery Preston Bezos in 1994. That simple fact is something that could never happen in an economy without

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

Jeff Bezos, an entrepreneur, created Amazon.com in 1994; the business was originally run out of his garage in Washington. With the additional investments from Nick Hanauer and Tom Alburg, Bezos was able to create the more user-friendly website that we are used to. As Amazon.com’s customer base began to grow Bezos realized that he was going to have to add variety to the products Amazon.com offered. Bezos hit on a successful idea when he added the feature that allowed customers to write their own book reviews. In 1997, Amazon.com went public and it continued to increase its product lines to include CDs, movies, and toys to its inventories. Amazon.com was

Amazon, a Fortune 500 company based in Seattle, Washington, is the global leader in e-commerce. It was founded by Jeff Bezos in 1995. Amazon has an expanded product offerings, international sites, and worldwide network of fulfillment and customer service centers. Info obtained from

Founded in 1994 by Jeff Bezos, the company went online on the World Wide Web in July 1995.Amazon focuses on increasing its market share and revenues in the long term and maintaining competitive costs of profit margins and dividends paid to its shareholders in the short term. Amazon’s sound business fundamentals include its core business and essential revenue sector of e-commerce, a new focus on media independent of Kindle, improved profit margins from Amazon’s Web Services (AWS) as well as the management of a negative cash conversion cycle (Samonas, 2015).

Jeffrey Bezos, formerly a senior vice president for D. E. Shaw & Company, founded Amazon.com in 1994. D. E. Shaw is a Wall Street-based investment bank, and Mr. Bezos was assigned to find good Internet companies in which to invest. During the summer of 1994, he stumbled across a

become well known as a company that enables sellers to sell their products on its website as well

Amazon was founded in 1994 by Jeff Bezos, who is still the head of the company at the time. Based in Seattle, Amazon started out as an online bookseller and went on to become the world 's largest non-travel e-commerce business. Once the website was established as a bookseller, it was a logical step into the sale of other entertainment products, such as music and films, and also into the hardware used to deliver home entertainment.

Amazon.com was founded by Jeffrey Bezos in 1994. The company began as an online bookstore. Mr. Bezos saw the potential of the Internet as a selling platform. In the beginning, the main focus was on selling books. The reason was that there was little to no competition for selling books online. The company eventually moved to music and video, but that market had a few key distributors that could possibly compete. Amazon.com emerged at the perfect time. The late 1990’s gave the company plenty of time to create name recognition. The company’s initial public (IPO) was a huge success. Mr. Bezos’s goal was to raise 50 million dollars in capital, but made 54 million instead. This allowed the company to expand into 160 different markets across the globe.

Amazon is one of the first large companies to sell goods over the Internet. based in Seattle, Wash. Founded by Jeff Bezos in 1994. Amazon is an online retailer and a big manufacturer of electronic book readers. Also its one of the most successful names and a good example of E-commerce. Amazon mission was simplifying online transactions for consumers and “selling everything to everyone everywhere”. Despite that amazon is an old name in the industry and lots of people think it’s the first name in this business field, but its not, Silicon Valley bookstore was the first company, started in 1991. However, they started as an online bookstore at the beginning but after a short period of time they added more items, like music, electronics,

These merchandise giants were founded decades apart and operate in two different business settings. Amazon.com was created in 1995 by Jefferey Bezos Out of Seattle. Amazon.com is relatively new company that no hold physical location where merchandise can be purchased. Compared to Walmart, who was founded July 2,1962 by Samuel Walton from Oklahoma. His first location was at a physical store front location. As the internet, bloomed Walmart took noticed used that online platform to sell their merchandise. Amazon.com only have distribution centers that prepare and ship product to their consumers. Walmart, the mega retailer has secured their position as one of the top retailers in the country by the product availability and lower prices.

The company was founded in 1994 by Jeff Bezoz. In 1994, Bezos left his employment as vice-president of D. E. Shaw & Co., a Wall Street firm, and moved to Seattle to begin work on a business plan for what would eventually become Amazon.com (Allenby, 2013). Bezos selected the name Amazon by looking through the dictionary, and settled on "Amazon" because it was a place that was "exotic and different" just as he planned for his store to be; the Amazon river, he noted was by far the "biggest" river in the world, and he planned to make his store the biggest in the world (Allenby, 2013).

Amazon started with Jeff Bezos’ idea on creating a company based around selling on the internet (Int. Directory). In the 1994, Jeff left the Wall Street firm D.E. Shaw, moved to Seattle. There, he created a business plan, from which Amazon was born. Jeff projected a 2,300% of annual web growth over time from selling on the internet. He took the five most profitable products and put them on his stock. At the time, books were a strong suit for Amazon, and where most of their profit came from (Int. Directory). Their competition was Barnes and Noble, who were large retail booksellers dominating the market. By 1995,

Amazon also sought to further differentiate themselves from other stores. Because they were a web based business they were capable of building a program that offered suggestions for future purchases based on a customer’s past orders. This was revolutionary and succeeded in creating loyal customers and also encouraged extra purchases. By constructing the site in this mildly interactive manner Amazon built solid business-customer relationships and also business-business relationships between Amazon and the suppliers who benefited from the increased exposure.