The article, “Amazon.com Is a 21st Century Deal with the Devil”, by Amy Koss talks about how Amazon.com and other online stores are ruining our economy. I disagree with the authors claim because many shops and malls are still in business. Most people only use Amazon and online stores when they can’t find a certain product, or when they need something delivered quickly. Malls and shops are still very popular and are used in most people’s everyday life. The article states, “I count 11 deserted shops at Eagle Rock mall. The ghosts of their signs appear eerily above their chained doors.”. The authors observation doesn’t prove anything, this was just one mall out of many.
Amazon.com operates in the Online Retail Industry. The sector is one of the fastest growing globally and is outperforming the ordinary retail marketplace. It was created after 1995 and it was only the Internet that made it possible for such an industry not only to be established but to become one of the most flourishing sectors in the business environment. What is interesting is that Amazon.com, together with eBay is the pioneer in the field. Both companies were launched in 1995 and are still extremely successful. The creation of e-mail in 1996 had a huge impact on the development of online retail by introducing a fast and easy way to communicate with customers. For this two-year period Internet usage
The article, “Amazon.com Is a 21st Century Deal with the Devil” from Amy Koss, published by Los Angeles Times on June 4, 2017. The death of the American mall is avoidable. It is avoidable by promoting it on the Amazon website, or it is also avoidable by closing down the website. Even if none of this happens, there will always be people who are not lazy enough to get up and go to the mall. There are also a lot of people in the world who do not know about the website amazon.com. For those who do not, it means they go to the mall instead of shopping online.
In the article, “Amazon.com is a 21st century Deal with the Devil” the author Amy Koss makes her piece an argumentative writing. She tries to persuade the reader that the company, Amazon, is cruel and untrustworthy. The author states,”They’re offering deals and deeper discounts, closing branches, consolidating staff, trying to fend off the inevitable. According to the feds, there have been 60,000 retail jobs in just the last two months.” I disagree with the author’s statement and believe that Amazon is just doing what they have to do, so they can make money and build a stronger business. It isn’t exactly Amazon’s fault that other businesses are closing making people loses their jobs. The other businesses must have their prices very high, making
Amazon is a Fortune 500 e-commerce company based in Seattle, WA. It is one of the top companies that sells the most goods over the internet.
How would you define Amazon’s industry? What difficulties do you encounter identifying primary competitors and key lines of business?
In the article, “Amazon,com Is a 21st Century Deal with the Devil”, from Author Amy Koss from the Los Angeles Times, June 4, 2017 says that Amazon will ultimately be the death of big malls which do grant a lot of jobs which allow cities to grow. I do believe there are multiple ways to avoid this. The first way is plain and simple, it's not going to happen, because teenagers like me and young adults in their late teens and early 20’s, love to go the mall. They like to go the mall because you can't meet up at Amazon, you can't buy food at Amazon, you can preview items on Amazon. Another way to stop this is to adapt to the market, sell stuff that people want to buy, be diverse, allo everyone from everywhere be able to walk into your store
Amazon.com, Inc., on May 28, 1996, started offering a range of products and services through on-line webpages. This new company began to offer products including merchandise and content that was purchased for resale from multiple vendors and sellers ranging from lots of third-party ways. The Amazon.com business has three different segments within its operating environment: Amazon Web Services, North America, and International make up the operating areas. The North American area for Amazon has segments that focus on the sales from retailers of consumer items or product from sellers through its website Amazon.com.
and, “If shopping malls are dead, why? ” I was confident that all my questions would be answered. Unfortunately I was quite disappointed because even though my questions were partly answered, I now had more questions. Shirks last paragraph says this, “Which is to say, maybe American suburban malls are falling apart not because of online shopping, or because of the fashionableness of cities, or safety threats, or bad lighting, but rather because they threaten democracy, because they are inherently undemocratic spaces.”
Many consumers go for what appears to be cheapest and most convenient. The reality is, Amazon’s increasing dominance comes with high costs. “These consequences have gone largely unnoticed thanks to Amazon’s remarkable invisibility and the way its tentacles have quietly extended their reach” (LaVecchia, 2016). It is vital that consumers are aware of this superpower that is taking over.
Its diversification and low cast strategy will help it build up an image and goodwill which will pay its fruits in near future. The strategy to partner with traditional retail partners in which amazon.com will utilize its retailing technology to build and host the traditional retailer’s online store will also be helpful as it enables Amazon to enable various brick stores to go virtual. IT innovations done in order to provide services like customer service, inventory management, fulfillment and logistics service in its already established state of the art digital infrastructure will also help them in creating a difficult entry barrier for competitors. Use of long-term debt to cover its cash expenses requirement though causes financial stress in short term, in long term economies of scale achieved will generate more benefits than expenses incurred. I would suggest Bezos to maintain its market leadership position both in terms of technological innovation as well as customer
LaVecchia, O. (2016, November 29). Report: how amazon’s tightening grip on the economy is stifling competition, eroding jobs, and threatening communities. Retrieved September 9, 2017, from https://ilsr.org/amazon-stranglehold/
Amazon.com: The Brink of Bankruptcy 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. Bezoswas assigned to find good Internet companies in which to invest. During the summer of 1994, he stumbled across a Web site that showed the number of Internet users was growing by 2,300 percent per month. He quickly realized the vast potential of the Internet, and began putting together a list of possible products that he could sell on the World Wide Web. He eventually narrowed his list to music products and books. Although music products and books both had enormous potential, he eventually selected books because he believed that he could
The threat of substitutes for Amazon is high. With the exception of its patented technology, there are quite a lot of alternatives to Amazon’s products and services. In addition to physical presence, most companies have an online store as well. Amazon’s products can be purchased all over the internet and they are just spread out among different web sites. The companies operate in brick-and-click mode providing the similar product categories and competitive prices have become the biggest threat for Amazon. However it is extremely difficult for Amazon to establish physical stores or launch price
Amazon continues to grow, expand, and improve the goods and services the company provides through strategic mergers and acquisitions. In recent years Amazon has focused on acquiring a variety of companies that bring with them technologies from fields such as: robotics, education, voice recognition, and e-reader displays. One of Amazon’s most significant recent acquisitions came in March 2012 when Amazon purchased Kiva Systems, a Massachusetts based robotics company. The deal worth $775 million dollars was made in hopes that Amazon will be able to improve profit margins though the use of the robotic packing system produced by Kiva System’s. The robotics created by Kiva allows companies to manage inventory and streamline the order
The objective of this case study is to outline and provide a brief overview of Amazon.com’s (Amazon) mission, strategic direction, core competencies, relied technologies and their future impact of new technologies, and how management and use of consumer data will impact future business.