Amazon Homogenization

The low cost product can also change customers buying behavior. Some customer who prefer to buy goods in the physical stores might decide to buy Amazon’s online product if they see it is in so low a price.

It must not be forgotten that most of those companies failed and were shut down soon. Amazon had been successfully operating for almost two decades because of its unique business style. Amazon has ensured all this time that it must make customer preferences its preference and must cater to them accordingly.

LO1: Understand the principles supporting environmental sustainability in a business environment 1.1 Describe current legislation in relation to environmental sustainability in a business environment The UK’s economy relies on global trade and resources. Issues such as climate change and a growing world population mean there is more pressure on energy, natural resources and the wider environment. A more efficient use of resources such as water, energy and natural resources directly benefits businesses in the UK. Savings of up to £23 billion a year, reducing carbon emissions and more resilience to climate change and inflated prices of supplies are a few benefits that have been anticipated.

In this case, the traditional bookseller’s niche is overlapped the Big box retailers’. Because of the limited resources: only certain amount of people demand for popular books, they have to compete for the market of popular books. However, scale difference generates selection pressures. Obviously traditional booksellers have smaller scale and less purchasing power to compete with “Big box” retailers. When the electronic books came out, traditional booksellers struggle more. Although all booksellers were affected, “Big box”

To a regular person, the global concern about ‘going green’ might appear as a result of speculation from nervous politicians and alarmed citizens. But the reality is totally different. In recent years, businesses have gained much knowledge about the impact of their activities on environment and in turns their customers. Businesses are successively venturing to earn greater revenues. In this process, they are trying out every best possibility to entice their contributors- from customers to investors. Regardless to say, stakeholders these days are more socially responsible than ever. So to keep up to their expectations, businesses are also trying to expand or limit their activities to save the environment- from doing relentless research on lowering waste to lean management and even trying out various eco-friendly activities. Despite of all these, the ultimate question remains unanswered if it is financially beneficial to adapt those initiatives that is going to serve the

Brenner states in his article, “No Borders”, how “bookstores are victims of changing times, technologies, and economics.” In the literary, economic world, there had been two national bookstores that competed in the nation, Borders and Barnes & Noble. Sadly Borders, Barnes & Noble’s largest competitor, went bankrupt and was forced to close, due to the national recession being at its highest in 2010. Since then it has become more and more difficult for bookstores to even make it since for, “You can surf the web for a book on Amazon and probably get a better deal” (Brenner, 81). Despite this, Barnes & Noble has successfully survived in the dying literature market and has become, “One of the largest booksellers in the US” ("Barnes & Noble, Inc. SWOT Analysis", 3). Booksellers around the world are becoming rarer in our technological advance society, as these shops seem to die out

In today’s economy, sustainable entrepreneurship is a popular topic. Companies all over the world are trying to create a green image. A sustainable business has a positive impact on the global and local environment, community, society and economy, and focuses on the three P’s: People, Planet and Profit (Milieufocus, par. 3). The focus on pPeople looksstand for fair and beneficial business practices towards labor and the community and region in which a corporation conducts its business. Emphasis on the pPlanet

Not only has Amazon destroyed jobs, the company has also put some competition out of business. Jeff Bezos, the founder, chairman, and Chief executive officer of Amazon, has built up the company into a huge success. However, in the process of making the company fantastic, other businesses have suffered greatly. “The Huffington Post” has a great example of this. They mention “When Diapers.com emerged as a competitor to Amazon, Amazon simply sold diapers below cost until the company capitulated and sold itself to Bezos. There’s no reason to assume Amazon wouldn’t bring the same predatory pricing strategy to bear in every city in America. Why wouldn’t it? Even though predatory pricing is illegal, the government hasn’t enforced those laws for decades”

The main purposes of this talk are to share a powerful vision for sustainable commerce and business logics of sustainability.

The implications of Amazon's market power makes it very difficult for other businesses to compete. Ebay for example, has survived in the online world because of their very different business model. Sites like Newegg which deal with technology based products have done very well against amazon. However, other smaller sites have not done so well. In the world of a monopoly it makes it very difficult to compete against something that has tremendous market power that Amazon

adding to its monopoly. Many authors are discouraged by this due to the fact that

Apple and the five publishing companies shouldn’t take their antitrust investigation lightly. While they have committed collusion against other companies that provide e-books like Barnes and Nobel their main company they colluded against was Amazon. They have forced publishers to look at how they provide the book and the prices they sell them for. A monopoly is a good thing when it comes to certain products like utilities. I also think that in some cases a government monopoly is good as well. While there isn’t a competition for these companies to help keep prices down, this lack of competition can keep the price down in itself. If there is the one resource and the one company that provides it, the company would more likely keep the cost down because it is not competing for the resource it uses to produce its good. Therefore, the company and the government won’t face being charged more for the resource to produce a good. I also feel that the oligopolies are good as well. The competition can help keep the costs down for the consumer. In this case with the e-books as well as other products such as clothing or shoes other companies will compete for selling the products and therefore this can result in prices being lower because companies are trying to get more customers. This can help a company’s economies of scale as well. In the long run, the company can expand the amount of products it

Who wouldn’t like to see a society that promoted ethics and sustainability? This just simply can’t happen because of the culture business had since the beginning of time. Business has always been about find new ways to increase profits, there are very few business that actually care about the consumer. The things we hate about successful business owners are the things that have made them successful. Business owners have been so use to do with they know so what makes Desjardins believe they will change the habits that has always worked for them. The change to having business more sustainable is a dream that I would like to come true, but unfortunately that will never happen because of the greed and cut throat attitudes that business owners have. If businesses continue to make money the way they are accustom to; what will make them change? I believe if more business become sustainable and gather a strong following from the consumer; then the envy that greedy business owners have will kick in and then they will convert over to sustainable changes in order to make profit. Hopefully one day we the people will be able to see this sustainable and ethical dream seen in too

The Australian government is active in its move to promote and push for sustainable business practices, one of their more recent resolutions is the Clean Energy Legislation, which is made of individual bills covering levys on green house gases and fuel tax, this enforces corporations to oblige and making a move towards being green (Griffiths, 2012). However this means that certain organisations will do the bare minimum of what is required of them by law and nothing more. There are other initiatives in place to encourage sustainable business practices which are not legally binding, such as Sustainable Business Australia, who provide policy recommendations and resources for sustainability challenges (SBA, n.d). Companies who become members with SBA are held in high regards by their stakeholders as they abide by the recommendations regarding carbon action and resource solutions. There is also an emphasis on the people, and their crucial role in creating business value. Previously people were satisfied with just their basic needs being fulfilled, but no longer, we now see Maslow’s hierarchy of needs triangle unravelling as people require more to feel satisfied with themselves and what they do in their work space (Kiel, 1999). With encouragement from government and local communities, Australia is making an effort with great determination towards having the best sustainable business

In today’s world sustainability has become one of the major issues. As we all know about global warming ,water pollution, air pollution and noise pollution , we all have some idea about these issues but no one really care about it. Many businesses such as paint manufacturer or fertilisers organisations do unethical practices to enhance their profits without realising the damage they are doing to the world. Before studying this course I was not really aware of the consequences of unethical business practices or may be I did not pay much attention to it. But as I studied this course I discovered that sustainability is a big issue and to overcome this problem many of us need to change our life style, which no one would want to do.