Summary Of Amazon. Com Is A 21st Century Deal With The Devil

Facts Surrounding the Case. According to Lisa Mahapatra’s (2013) article, “Amazon.com Has Second Highest Employee Turnover Of All Fortune 500 Companies”, Amazon.com has been placed 2nd in highest employee turnover rates by a special report from Payscale. In addition to this bad press against the company, Steven Barker, a former Amazon.com contract worker, criticized CEO, Jeff Bezos, in an open letter on the CEO’s hiring techniques. The letter states that “The company has a policy of hiring temp contract workers who are let go after 11 months to save on benefits like medical coverage and paid vacation days” (Mahapatra, 2013, para 1-2). Management at Amazon has to research why employee turnover is so high, and then research how to fix this issue to make Amazon more productive and efficient.

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.

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

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

Jeff Bezos, founder, chief executive officer, president, and board chairman of the mega Internet store Amazon.com is considered one of the most innovative entrepreneurs of the e-commerce industry. At the age of 31, with just a computer science degree, little funding from his family, and a challenging idea, Bezos set out to pursuit his entrepreneurial vision of a internet bookstore which had turn into the biggest online retailer of our times (Jeff Bezos, 2007).

The general argument made by Amy Koss in the article “Amazon.com is a 21 century deal with the devil” is that the devil offers many ways to tempt the weak .More specifically, Koss argues that online shopping is a strategy from satan to win our souls. The article states,” They’re offering deals and deeper discounts, closing branches, consolidating staff, trying to fend off the inevitable. We can solemnly recite the roll of the dead, dying and struggling:Macy’s,Sports authority...according to the feds, there have been 60,000 retail lost in just the last two month”(Koss 2). In this passage, Andrea Vuleta is suggesting that Lucifer wants to make our lives easier by being able to allow technology to order materials with just a click of a button.

Amazon.com is a customer centric company. They put more effort in improving their system to make the experience of customer more comfortable so that he keeps on returning to the website. Jeffery Bezos who is the founder of the Amazon.com started this company after seeing the use of internet increasing rapidly.

Amazon Web Services is a cloud computing platform which was to provide online services to websites (Rouse, 2014). Amazon is comprised of software development and customer service centers around the world (Rouse, 2014). At Amazon, workers are encouraged to tear apart one another’s ideas in meetings, toil long and late and held to unreasonably high standards (Kantor & Streitfeld, 2015).

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.

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

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.

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