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Amazon Company Report-Updated
Amazon Company Report-Updated
Amazon Company Report-Updated
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Amazon Company Report
Table of Contents
Executive Summary..............................................................................................................
Introduction.........................................................................................................................
Industry and Geographic Regions..........................................................................................
Vision and Mission of Amazon Company..............................................................................
Uniqueness of Amazon Company..........................................................................................
How Mission and Vision Affects the Success of Amazon........................................................
Amazon Company- Revenues and Expenses...........................................................................
Strengths of Amazon Company.............................................................................................
Weakness of Amazon Company............................................................................................
How Amazon Company Incorporates ESG...........................................................................
Becoming a Responsible Corporate Citizen..........................................................................
Conclusion.........................................................................................................................
References.........................................................................................................................
List of Illustrations
Figure 1: Pie-Chart of Company’s Revenue by Category............................................6
Figure 2: Company’s Costs and Expenses by Year.....................................................7
Figure 3: Amazon's Logistics Costs.............................................................................8
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Executive Summary
Amazon is one of the fastest growing firms in the world, and it is based in the United States
of America, where it has been operating since 1994. The headquarters are in Washington,
where the majority of the company's services are provided. As a result of its current CEO,
Jeffrey Bezos's discovery and promotion of the firm to prominence in 1995, the company has
drastically expanded its line of operations from the sale of bookshop books to the sale of
DVDs, MP3s, and other online packages. The establishment of the company has completely
altered the landscape of internet selling. The company's Chief Executive Officer, Jeffrey
Bezos, acknowledges that the company has undergone expansion in the supply of retailing
services, with its items now being designed to appeal to a wider range of age groups than in
the past. As a result, the paper examines the various consequences that the company has had
as a result of its mission and vision statements, while also noting the important role that the
company's major stakeholders have had. Additionally, it provides insight into the company's
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Introduction
Amazon.com is a cloud computing, electronic commerce, and electronic distribution
firm with its headquarters in Settle, Washington, DC. The company is among the largest
internet-based merchants in both the United States and the world (Plotkin, 2020). The
company was founded by Jeff Bezos in 1994. Amazon is focused on growing its market share
and revenues over the long run. Its business includes e-commerce, a new focus on media that
is separate from the Kindle, higher profit margins from (AWS), and the management of a
negative cash conversion cycle, among others. It is an online multinational corporation that
develops electronic book readers and web services, and it has become well-known as a result
of its success. The corporation sells its products over millions of people throughout the world,
either directly or through intermediaries, via the internet or through intermediaries. Company
generated operating income of $4.2 billion in 2016, $4.1 billion in 2017, and $12 billion for
2018. The company is a leading provider of ecommerce and cloud computing services. The
corporation employs roughly 647000 people on a full-time and part-time basis, according to
corporate statistics.
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Industry and Geographic Regions
Amazon is a corporation that is involved in the Internet Service and Retailing
industries. Goods and services are sold by the corporation mostly through electronic media,
specifically the internet. It conducts business in the following geographical regions: North
America, South America, Europe/Middle East/Africa, and the Asia Pacific region.
Its business segments are divided into three categories: North America, International,
and Amazon Web Services (AWS). Among the activities of the North America segment
include retail sales of consumer products and subscriptions through websites that are
(Plotkin, 2020).
build a place where people can come to find and discover anything they might want
online” (Klaus, 2013). The vision statement has increased the number of the customers
using the company's services with the latest survey elucidating that the number is itching
Amazon's mission statement is “We strive to offer our customers the lowest possible
prices, the best available selection, and the utmost convenience.” This corporate mission
consistently executes consumer orders correctly. They choose products and services that
clients want and need, and they make use of distribution hubs located all over the world to
ensure that products are delivered fast. Aside from that, Amazon has good vendor ties, which
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allows them to provide customers with lower prices, which is one of the aspects of this
of a productive and competitive firm. They contribute to the company's relevance on the
business front by bringing new ideas to the table. Amazon is one of the firms that takes
vision and purpose statement, as well as strong backing from the company's major
stakeholders. The mission statement of the organization emphasizes the importance of the
customer. Since the company's inception, the purpose has been carried out alone, and it has
developed a strong bond with its clientele, adding value to the company's overall operational
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Stacked Column-Company’s Costs and Expenses by Year
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Figure 3: Amazon's Logistics Costs
are in line with market demand as it continues to expand. The application of new technology
is grabbing the attention of consumers. Customer Relationship Management (CRM) and the
behavior in terms of purchasing power, are among the most significant breakthroughs (Klaus,
2013). As a result, the organization is able to provide an exceptional number of services to its
consumers.
In the internet retail business, the company has developed a strong brand identity. As
a result, the company experiences exponential growth as a result of its position at the top of
the market and its ability to withstand aggressive rivalry. The fact that it offers a diverse
product mix, which provides clients with the ability to choose from a variety of products, is a
significant driving force (Klaus & Nguyen, 2013). Additionally, the company generates
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substantial income, which allows it to expand into other commercial ventures in order to
increase the overall sales of its products. Finally, the corporation is led by a dynamic and
compelling leader in the person of Jeffrey Bezos, the company's Chief Executive Officer.
is a shift in the demand for their items on the market. Because everything is dependent on the
flourishing seasons, sales are subject to fluctuations. Another area of weakness for the
organization is the lack of product or service categories. It is not possible to categorize all of
the many types of items that they deal with. According to current statistics, there has been an
increase in the number of sales. The company's brand image has been tarnished as a result of
the tax dodging controversy in which it was implicated. They were embroiled in a tax evasion
issue at a time when business was thriving and their consumer base was expanding. Finally,
the organization operates on a scale with poor profit margins, which is especially true given
considerations into investment analysis and portfolio design across a broad variety of asset
classes is referred to as ESG incorporation (Hill, 2020). The Amazon corporation supports
the ESG shift and sets the standard for finance and investing practices. Amazon founder Jeff
Bezos offered USD 10 billion to fund climate change solutions, thereby setting the standard
for climate finance and investment in the United States. In line with the Principles of
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Becoming a Responsible Corporate Citizen
The company expresses its dedication to being a relevant organization that adheres to
professional codes of conduct while also allowing its employees to use their own initiative.
corporate responsibility by taking the lead in this effort. Amazon's brand image has been
altered as a result of these efforts, and the company has been thrust back into the spotlight.
Conclusion
Amazon Company one of the most significant and quickly growing online retail
organizations in the world. The Company is expanding its reach into new markets throughout
the world. It continues to grow its customer base as a result of its ability to innovate and its
genuine dedication to providing excellent customer service. Applaudable efforts are being put
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Work Cited
Hill, J. (2020). What’s next for ESG investing? Environmental, Social, and Governance
Plotkin, M. J. (2020). History: The struggle for the Amazon. The Amazon.
doi:10.1093/wentk/9780190668297.003.0006
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References
Hill, J. (2020). What’s next for ESG investing? Environmental, Social, and Governance
Plotkin, M. J. (2020). History: The struggle for the Amazon. The Amazon.
doi:10.1093/wentk/9780190668297.003.0006
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