Amazon Super Value of the day with detergents and Cleansers
Interesting..!! Every 1st and 2nd of the month Amazon have come up with an amazing deal of products. You just have to shop 1000Rs/2000Rs/3000Rs. and get 100Rs/300Rs/600Rs of cash balance with Amazon.
Attractive deals are available if you use ICICI debit cards.
About Amazon
The company began as an online bookstore, an idea spurred off with discussion with John Ingram of Ingram Book (now called Ingram Content Group), along with Keyur Patel who still holds a stake in Amazon.#Amazon was able to access books at wholesale from Ingram. In the first two months of business, Amazon sold to all 50 states and over 45 countries. Within two months, Amazon’s sales were up to $20,000/week.While the largest brick and mortar bookstores and mail order catalogs might offer 200,000 titles, an online bookstore could “carry” several times more, since it would have a practically unlimited virtual (not actual) warehouse: those of the actual product makers/suppliers.
Amazon was incorporated in 1994, in the state of Washington. In July 1995, the company began service and sold its first book on Amazon.com: Douglas Hofstadter’s Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought.In October 1995, the company announced itself to the public.In 1996, it was reincorporated in Delaware. #Amazon issued its initial public offering of stock on May 15, 1997, trading under the NASDAQ stock exchange symbol AMZN, at a price of US$18.00 per share ($1.50 after three stock splits in the late 1990s).
Amazon‘s initial business plan
Amazon‘s initial business plan was unusual; it did not expect to make a profit for four to five years. This “slow” growth caused stockholders to complain about the company not reaching profitability fast enough to justify investing in, or to even survive in the long-term. When the dot-com bubble burst at the start of the 21st century, destroying many e-companies in the process, Amazon survived and grew on past the bubble burst to become a huge player in online sales. It finally turned its first profit in the fourth quarter of 2001: $5 million (i.e., 1¢ per share), on revenues of more than $1 billion. This profit margin, though extremely modest, proved to skeptics that Bezos’ unconventional business model could succeed.In 1999, Time magazine named Bezos the Person of the Year, recognizing the company’s success in popularizing online shopping.
Barnes & Noble sued #Amazon on May 12, 1997, alleging that Amazon’s claim to be “the world’s largest bookstore” was false because it “…isn’t a bookstore at all. It’s a book broker.” The suit was later settled out of court, and Amazon continued to make the same claim.Walmart sued Amazon on October 16, 1998, alleging that #Amazon had stolen Walmart’s trade secrets by hiring former Walmart executives. Although this suit was also settled out of court, it caused #Amazon to implement internal restrictions and the reassignment of the former Walmart executives.
Amazon.com History
Amazon.com is a Fortune 500 e-commerce company based in Seattle WA. #Amazon was one of the first big companies to sell goods over the Internet . The company was founded by Jeff Bezos in 1994, and launched in 1995. They started out as an online bookstore and then quickly diversified by adding other items, such as VHS tapes and DVDs, music CDs, software , video games, electronics, MP3s, clothing, furniture, toys and even food items.
In 1999 Time Magazine named Bezos its 1999 Person of the Year. This was largely in recognition of the company’s success in popularizing online shopping.#Amazon.com Company Culture.#Amazon announced on October 11, 2016, plans to build convenience stores and develop curbside pickup locations for food. In December 2016, the Amazon Go store was opened to #Amazon employees in Seattle.The store uses a variety of sensors and automatically charges a shopper’s Amazon account as they walk out of the store, therefore there are no checkout lines.The store is planned to open for the general public in early 2017.
In 2011, Amazon had 30,000 full-time employees in the USA and by the end of 2016, it had 180,000 employees . It employed 306,800 people in full- and part-time jobs worldwide.
Completely Customer Centric Company
Amazon.com considers itself a completely customer centric company, which is reflected in their company values statement:
Innovation: If you don’t listen to your customers you will fail. But if you only listen to your customers you will also fail.
Bias for Action: We live in a time of unheralded revolution. Insurmountable opportunity–provided we make every minute count on #amazon
Ownership: Ownership matters when you’re building a great company. Owners think long-term, plead passionately for their projects and ideas, and are empowered to respectfully challenge decisions.
High Hiring Bar: When making a hiring decision we ask ourselves: “Will I admire this person? Will I learn from this person? Is this person a superstar?”
Bias for Action: We live in a time of unheralded revolution. Insurmountable opportunity–provided we make every minute count on #amazon
Ownership: Ownership matters when you’re building a great company. Owners think long-term, plead passionately for their projects and ideas, and are empowered to respectfully challenge decisions.
High Hiring Bar: When making a hiring decision we ask ourselves: “Will I admire this person? Will I learn from this person? Is this person a superstar?”
Frugality: We spend money on things that really matter and believe that frugality breeds resourcefulness, self-sufficiency, and invention!
No comments:
Post a Comment