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” …show more content…
If many Americans eventually get questionable with Amazon’s tactics, there is a solution to the problem. Since citizens of this country elect representatives, this gives individuals of this country power. If we have a problem with how many jobs Amazon has gotten rid of, or how many companies sell their business to Amazon, citizens should simply vote for representatives passionate about fixing this issue. Many people wonder where we should draw the line just in case Amazon gets too out of hand. The government should step in when the majority of customers stop getting satisfaction. Currently, many citizens seem as if Amazon satisfies them as a consumer. But, if this ever changes, America should take away their extreme amount of power. Does Amazon have an extreme amount of power? Yes. Is it currently a problem that America needs to address? No. However, if more jobs and business become destroyed and many citizens are no longer satisfied, this would call for change. The three main reasons why Amazon control America are the jobs that the company has lost, the number of businesses destroyed creating less competition, and the dominance in e-commerce; simply something no one has ever seen before coming from a dominance of a business online. Whether individuals love the convenience of Amazon, the cheap prices, or easiness, everyone can agree that Amazon will continue to grow in business. If this is the case, many jobs will be lost in the process and the competition will pull farther and farther away from the company. Yet, having too much power comes with responsibility, and Amazon has not done anything out of hand. Just like any other businesses dream, Bezos has built a powerhouse that has even more potential. With Amazon setting prices at a reasonable cost, no one has a problem with the amount of power that the company holds. If this happens to change in
Key Issues for Amazon. The key issue for Amazon.com is that the company’s median tenure is 1.0 years according to the article, “Why Google and Amazon Employees Are Out The Door In Barely A Year” by Anya Kamenetz. Having a high turnover rate can be very critical to a company’s downfall; therefore, the question here is why is Amazon’s employee turnover so high? MSNmoney published the article, “6 reasons Amazon employees burn out so fast” which gives some insight to why so many employees leave this ever so growing company. The main reason would be because of the CEO, Jeff Bezos. According to the article, Bezos is very freighting to
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 employees are left feeling angry because they are being given low-paid wages for overworking. This effects Amazon heavily as they are having employees leaving the company and the company it's self has to bring in agency workers as temporary employees. This would mean
His business was cultivated by utilizing all the advantages that capitalism has to offer, such as; competition, foreign investment, and most importantly - the liberty to make his own economic decisions for his business. In an interview with Foreign Affairs, Jeff Bezos, himself, has given his thoughts on government in free enterprise by saying, “Governments can foster and hinder experimentation.” Moreover, while Jeff is reaping the benefits of his business, we are also benefiting from Jeff. Amazon.com is constantly revolutionizing the e-commerce world and offering low prices for a huge variety of consumer goods, including; books, clothes, electronics, movies, toys, and more.
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
Globalization is a growing part of everyday businesses. This is the process of interaction and integration among people, companies, and governments of different nations. With the world of online retail, the buying and selling to one person to another has grown drastically. There has also been a substantial change in technology and what we as people can do in today’s time rather than in the past. Amazon is a huge retail giant and buying and selling items is one of their key functions. The impact made on Amazon is nothing but an advantage. Amazon currently is the 56th largest company in America by market capitalization. Being one the largest retailer around, 15th in the nation at that, Amazon has made a name for themselves. Amazon has made some very substantial growths and with these opportunities they face they can make even more advances in the future. (Globalization 101, 2016)
Amazon.com is an international electronic commerce company founded in 1994 by jeff Bezos, previous vice president of P.E & show and co., a global invest firm. He named it after amazon river because he wanted his business to be the largest in the world.Amazon.com has left such an impression that every worker dreamt of working at amazon .can such a impression last a longer ? Recently it has been described as the most bruising workplace.
Since its initial launch in 1994, Amazon has now become the biggest e-commerce store in the world. Despite a slow start during its early years, Amazon has increased its growth around 2014 with $90 billion revenue and 154,100 employees (“The Amazon Effect”). The increasing popularity of the company is backed up by its “unmatched customer service” and cheap prices provided for the customers (Parker). The rapid and sudden grow of Amazon pushed the company to expand its factories and internal systems. According to the New York Times, Jeff Bezos, the CEO of Amazon, has been known for his powerful and authoritarian style of leadership; and as of now, Amazon has raised several controversies regarding its actions from tax avoidances, predatory pricing, and the mistreatment of workers. These controversies were a hot topic around the media especially for tech enthusiasts and engineers. The ethicality of the internal practices of amazon and its effects can be evaluated from the three ethical perspectives in philosophy: Kantian theory, Utilitarianism, and Ethical Egoistic perspective.
Amazon focuses on global reach, putting customer first,, and extensive selection of products through its vision which is “To be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online” (Gregory 2016).
This sort of global expansion adds great complexity to the functionality of Amazon’s management, personnel, operation systems, technical performance, financial resources, and internal financial control and reporting functions. With the perplexity of current situations, Amazon may not be able to sustain growth effectively, which ultimately could bring damage to their reputation and limit their operating growth as well. .
There are far more effects than what might meet the consumer’s eye as local businesses close their doors. For example, when the doors close on a department store, that leaves anywhere from one hundred to two hundred employees without a job. With 8,600 stores closing this year alone, that is upwards of 860,000 people unemployed. Those people have to go out and search for another job in a world that cannot meet that demand. Employment opportunities are shrinking in numbers because of the global online retailers. People have been led to believe that Amazon and other online retailers are creating a significant number of jobs that make up for closing businesses. That is far from the truth. Leon Kaye (2017) said, “It was estimated that Amazon employed over 145,000 people at the end of 2015. But, on the other hand approximately 295,000 jobs that have been lost at brick-and-mortar stores.
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 runs on four principles: “customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking” (https://www.sec.gov/Archives/edgar/data/1018724/000101872416000172/amzn-20151231x10k.htm).
It would be virtually impossible for a new company to reach the magnitude of inventory and status that Amazon maintains. When visiting Amazon, the number of products and services it offers is mind-blowing. Amazon has been in the internet marketplace for about thirteen years now; it would be extremely difficult for a start-up company in the industry to raise enough capital to even compete with Amazon on a lower level. The experience of enjoying low pressures from new entrants make Amazon believe that their absolute competitive advantages in patented technology, such as 1-Click ordering, operational model and “sell anything” mission could be directly copied and even leveraged in the foreign markets where the online retail industry have not developed or matured.