Fundamentals of Managment

Amazon is the world’s largest online retailer that was launched in 1995 (Rouse, 2014). Amazon was mainly a book selling company that has enlarged its’ business by selling a variety of goods. The company sells all types of technology devices such as cell phones, games, televisions, movies, cameras, computers,

Jeff Bezos is the fifty two year old Chief Executive Officer and founder Amazon, the largest United States based online retailer. A critical and innovative thinker, he created his online book sales company in his garage and has led Amazon to absolute market domination, technological innovation, and has become the third riches person in the world (BBC.com, 2016). His innovative ideas, demonstrated hard work and discipline, coupled with his ability to envision the future of online retail operations, positions his company at the forefront of the market. And behind the technology, the innovation and the drive to convert cash flows into opportunity, is the underlying commitment to the customer. Jeff Bezos demonstrates the leadership practices described by James Kouzes and Barry Posner’s as the five practices of exemplary leadership, model the way, inspire a shared vision, challenge the process, enable others to act, and encourage the heart (Kouzes & Posner, 2012).

While his career is a clear success, what exactly defines Jeff Bezos as a leader? One of the business leadership strategies developed by Jeff Bezos is what he calls the “regret minimization framework” (Will, n.d.). One clear example of a leadership trait that is all too often ignored is that a true leader is not above the work of those he leads. In an article about Jeff Bezos, willyoulaugh.com stated “When Amazon was working at its maximum capacity, he often had to step in himself to get the highest impact results” (Will, n.d.).

Amazon is an online retailer focused on selection, price and convenience. Incorporated in May 1996, Amazon.com offers programs that allow sellers to sell products on the website and have the fulfillment performed by the seller. In addition to the online marketplace, Amazon also manufactures and sells Kindle devices. Through the different programs offered by Amazon, the company has the edge over their competitors. They are able to secure the lowest price, fastest shipping and offer incentives to the customer, such as Amazon Prime (Amazon, 2014).

The presence of strong as well as effective leadership in today’s organization imposes a great responsibility to the organization’s team and management networks as leadership implies the overall capacity of the organization’s performance like for instance, in terms of operations and research development. It can be said that Amazon’s resources and capabilities can be divided in the management of the company specifically their leader which is Bezos, the ability of the management to effectively use strategic supply chain management and aligning it with their business process and information technology, their competitive advantage in the online market, and the financial resources that it gains through its successful approaches.

Jeff Bezos is a self-made billionaire most widely known as the founder of Amazon.com in 1994. Amazon was first launched as an online bookstore, which was thought to surely fail, however instead Amazon.com has grew to a large e-business selling music, electronics, videos, pharmaceuticals, pet supplies, home improvement products and groceries. Bezos also had his hands in many other endeavors like Twitter, Uber, and not so widely known Blue Origin a human spaceflight startup company for space travel, he is also the owner of The Washington Post as of August 5, 2013 as of 2015 Bezos is invested in a total of around 38 different companies.

The chapter 14 case talks about Amazon, and describes its way until became one of the largest companies of online shopping, and Kindle as one of the first generation of Kindle. Amazon according to the case has no roof over its head which would mean that technically there’s not a particular shopping store where you can go and buy something. But is online shopping, and where the sellers and buyers are connected with each-other through phone calls, website, and emails as a particular way to connect every one of us. As of now Amazon is one of the biggest online sellers with almost $32.4 in 2010. Only with the amount of money that Amazon profits, we can see that it is a very big company, and pretty much the biggest one. Today there are a high

Jeff Bezos CEO of Amazon.com the biggest online retailer in the world, the people who knows him says he is incredibly optimistic and he has a way of infecting this to the people surrounding him. For example when the book barons at Barnes & Noble launched their rival Web site, Forrester Research chief George Colony famously predicted that Bezos's little venture was "Amazon.toast” and the shares fell from $50 to 6$ and still Bezos remained sanguine. Bezos believes in transparency and considers it one of the corners that the business should be built on in 1990s he said it that the “world is getting more transparent”. Also he is customer orientated nature he always sets plans to the customer’s benefit even

Jeff Bezos, the CEO of the company Amazon, is a stern and old-school leader. He whips Amazon into shape by utilizing an almost slave like employment group. Those close to him have been quoted saying that his drive and assertiveness come before any other leadership styles. Bezos can be compared to the football coach of the business world. Bezos primary focus is improving performance of his employees and company while leaving other important issues such as personal and customer service issues the weak link in his empire.

First, I wanna say I’m a huge amazon shopper. To me, this business is getting better and better by the day. Now I will say I don’t shop there every week. But I’m on it every day. By far, this is the one company that has deals going on every day. I have only been upset a couple times. Since then, they have taken care of the situation perfectly. One thing I tell people who are new

Amazon provides its customers with not only low prices but quality services and products. Amazon is very reliable which is why customers stay loyal to it. It is convenient and offers great deals in terms of price and shipping speed. Amazon has a great reputation for customer service. It is the leading

With a focus on technology to separate itself from its competitors, Amazon developed a portable reading device to meet consumer demand. The kindle has been very successful consumer tablet with an easy to read liquid crystal display and an intuitive user interface. In 2009 the Kindle was made available to cost consumers at $300 USD, at the time this was a large sum of money for a new device with basic features. The product though, was well built, ergonomic, and aesthetically pleasing. The product had adequately addressed consumer’s desire for a portable reading device that could store multiple volumes of work in a small profile. Kindle’s primary competition at the time was the Barnes & Noble’s “Nook” e-reader and Apple’s “iPad.” Currently, other competitors have entered the space with devices by Samsung, Google, and Asus. These competitors are also linked to various wireless services that power the data functionality of these devices.

Often a person does not want to go out and buy a product they want or need, so they can go on Amazon.com and make the purchase from the comfort of their home. Amazon provides a convenient and easy way to buy products online. Although Amazon sells a large assortment of products, what they actually sell is good customer service. Their product is giving their customers the best shopping experience. That means offering the product that the customer is looking for, making it easy to find and purchase on their website, and making the shopping experience customized to each individual customer. The price is virtually free for the customer. The customer only sees the price of the products that

Jeff Bezos is an effective conscious leader that supports the values of conscious capitalism. “Conscious businesses—that is, businesses that become conscious of their higher purpose, which is not just about maximizing profits and shareholder value (Krietner & Kinicki,2013, p.64).” Trust is associated with conscious leadership. The use of his expert power has gained Jeff trust from the general public, customers, shareholders and employees. One of the key proponents of conscious capitalism is being customer centered and ethical. Jeff has developed leadership principles that align the needs of the organization and employee which is ultimately practicing conscious business.

The ideals and understanding behind management has varied largely throughout recent years and new theories and strategies have been developed to help managers and organizations succeed. The ability to succeed for any business or organization relies heavily on the abilities of the manager. No managerial position is the same as there are a multitude of variances and the organization’s industry in which they conduct business is key. An example of a specific industry with immense managerial needs is the construction industry. “Construction project management is the strategic planning, coordination, and overall control of a construction project from start to finish.”1 Karl Hinkle is the current vice president of Tarraf Construction based in Eden Prairie Minnesota. He sought education at Saint John’s University for two years, pursuing a math degree. He then eventually transferred to Mankato State University, which was his hometown. At the time Karl was transferring, construction management was a new subject at Mankato State and he decided to give it a try. Using his previous experiences as a carpenter and internships, and his newly found degree in construction management Karl set out into the real world construction industry. Initially he took a project management job at Langer Construction before being recruited to Tarraf in later years. Tarraf Construction is a medium sized construction contractor with earnings of roughly 14-15$ million per year. Karl has worked his way up