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Amazon sales rise but profits fall

Amazon sales rise but profits fall | Amazon.co.uk | Scoop.it
Online retail giant Amazon saw a fall in profits but rising sales in the first three months of the year, as it spends money on expansion.
Ed Burrows's insight:

Aggressive expansion plans maybe back firing.

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Amazon paid £2.4m in tax in 2012

Amazon paid £2.4m in tax in 2012 | Amazon.co.uk | Scoop.it
Amazon's UK unit paid £2.4m in corporation tax last year, despite making sales of £4.3bn, the online retailer's accounts show.
Ed Burrows's insight:

Paying less tax than what the government gave them in grants just because they say there UK part is just a service provider for the luxemburg part of the business. even though they hire 5X the amount of people in the uk over luxemburg

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‘Feel free to browse’ … for how much longer?

‘Feel free to browse’ … for how much longer? | Amazon.co.uk | Scoop.it
‘Feel free to browse’ often strikes me as an odd sign in many shop windows.  Why wouldn’t I feel free to do so?
Ed Burrows's insight:

Many people blame online shopping for high street shops going out of business. This is due to them being able to charge less as they don't have to pay for the buildings and workers. So some bookstores decided to charge fee's for just browsing in the shops this is due to people walking into shops finding something they like and looking on there mobiles to see if they can find it cheaper online and then if they can leaving the store with nothing brought.

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Mr Jones's curator insight, April 30, 2013 3:59 AM

The challenge for many 'bricks and mortar' retailers is to provide something of value to the customer than can't be matched online. For booksellers special 'signing' events where readers can meet the author (and well as hopefully purchase their most recent book)?

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Amazon sales rise but profits fall

Amazon sales rise but profits fall | Amazon.co.uk | Scoop.it
Online retail giant Amazon saw a fall in profits but rising sales in the first three months of the year, as it spends money on expansion.
Ed Burrows's insight:

Aggressive expansion plans maybe back firing.

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Amazon's Smart Innovation Strategy

Amazon's Smart Innovation Strategy | Amazon.co.uk | Scoop.it
Amazon shows how it is possible to build a business with the capability to transform itself
Ed Burrows's insight:

"You have to ask what your customers need and want, and then, no matter how hard it is, you better get good at those things."   JEFF BEZOS

Innovation in his strategy and culture.                                   

 

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Leadership & Strategy at Amazon - Be Obsessed with Customers and Think Long-term

This short video interview with Amazon.com founder and CEO Jeff Bezos is business studies gold dust. Jeff Bezos was recently named Fortune Magazine Business Person of the Year for 2012. Here he talks about his long-term strategy for Amazon.
Ed Burrows's insight:

Interesting video all about how Amazon are customer obsessed and are willing to wait many years untill they see large financial differences. Also how they pay attention to other companies and be inspired by them. Always looking to improve and innovate for there cuistomers. 

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Amazon - Work hard and ... er, work hard.

FT publishes a great report on the culture at Amazon's Rugeley distribution centre.
Ed Burrows's insight:

This could potentially be bad for amazon as workers may become disatisfied. In the text it mensions they barely have time for a lunch break and get paid 1p over the minimum wage so they may get there union involved as the feel they need to eat as there running 7-14 miles a day.

So pressure group would be worker unions

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10 leadership principles that never go out of style, from Amazon’s Jeff Bezos | SmartPlanet

10 leadership principles that never go out of style, from Amazon’s Jeff Bezos | SmartPlanet | Amazon.co.uk | Scoop.it
‘Be willing to fail. Be willing to be misunderstood for long periods of time.’
Ed Burrows's insight:

What makes him such a good leader.. Shows how jeff is all about satisfying customers and the culture of amazon is friendly and intense.

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5 Time-Tested Success Tips From Amazon Founder Jeff Bezos

5 Time-Tested Success Tips From Amazon Founder Jeff Bezos | Amazon.co.uk | Scoop.it
Image credit: Getty Images via @daylife Amazon's Founder, Jeff Bezos has had an incredible entrepreneurial career. He has gone from simply selling books online to offering consumers tens of thousands of products.
Ed Burrows's insight:

Read this article so much useful information about Amazon and the culture Jeff Bezos has created and why Amazon have become so successful. 

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Week 6&7- Amazon and Porter’s 5 forces

Week 6&7- Amazon and Porter’s 5 forces | Amazon.co.uk | Scoop.it
Threat of substitute products and services The threat of substitutes for Amazon is high. With the exception of its patented technology (such as 1-Click Ordering), there are quite a lot of alternati...
Ed Burrows's insight:

Amazon has a high threat from substitutes for its products but the chances of new entry coming from new competitors is very low as it would be virtually impossible for them to reach and keep up with amazon. Consumers bargaining power is surprisingly high aswell because they give the option of buying from other companies apart from there's on the website. Whereas the suppliers are mixed as amazon tries to give everything to everyone but has a big choice of suppliers to choose from .

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Google Drive Viewer

Ed Burrows's insight:

Good word document explaining How Amazon are using 3 of porters strategies in different sections of the business.

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Amazon.com: the Hidden Empire - Update 2013

Our "most favorited" 2011 study revealing Amazon.com's strategies for dominating online retail has been updated to include analyses on all of the company's late
Ed Burrows's insight:

Amazing how many companies amazon owns and how the were the fastest growning internet business. Also Jeff Bezos' 3 big ideas. Again mensions how the business is very customer centric.

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Amazon.co.uk: Amazon and Our Planet

Amazon.co.uk: Amazon and Our Planet | Amazon.co.uk | Scoop.it
Find, shop for and buy Amazon and Our Planet at Amazon.co.uk
Ed Burrows's insight:

Amazon shouldn't have any problem about Green peace as proved on this site as they show how there always trying to stop waste in as many ways as possible and constantly trying to improve using the kaizen technique to become even more efficient. 

So shouldn't have a problem from Green Peace or Friends of the earth

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Amazon’s Culture: How to Shape an Enduring Organizational Culture

Amazon’s Culture: How to Shape an Enduring Organizational Culture | Amazon.co.uk | Scoop.it
The growth and success of Amazon.com is remarkable. There's a good chance you've ordered something (or many somethings) on Amazon. You might even be a loyal customer taking advantage of Prime Membership with free 2-day shipping.
Ed Burrows's insight:

Very interesting culture in amazon. Even from the very little start up business people had to be perfect for the job and basically very similar to Jeff. 

In the article it shows Bezos' view on how his emplyees and how must have the right behaviour, values and attitudes to fit in the business saying... ā€œIā€™d rather interview fifty people and not hire anyone than hire the wrong person.ā€

 

Now it hires more thatn 12000 employees and still has the same culture and the first few people they hired are now the DNA of amazon. If the newly hired staff member doesn't fit in he'll quit, however if you have the same ethos as the orginal dozen you'll move up the ranks quickly and become role models for the future newcomers.

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Even Amazon’s CEO Jeff Bezos Thinks Android Tablets Suck

Even Amazon’s CEO Jeff Bezos Thinks Android Tablets Suck | Amazon.co.uk | Scoop.it

Amazon’s keynote has just gotten underway where CEO Jeff Bezos is unveiling some new Kindles. Before anything was revealed though, Bezos took a jab at other Android tablets and basically said they suck.

Ed Burrows's insight:

Claiming other android tablets suck due to not caring about customer need, whereas his kindle is all on customer service and what they want. This is why the kindle is better.

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Mr Jones's comment, January 29, 2013 6:27 AM
And your view is.......?
Ed Burrows's comment, January 29, 2013 1:57 PM
Ipad seem to be doing rather well and seem to take into account the consumers; due to them creating the Ipad mini recently to make it easier for transporting the tablet around. So I wouldn't agree on his point however amazons kindle still seems to be the leader as it was released first.
Mr Jones's comment, January 30, 2013 4:21 AM
Point made in the Bottom Line class session that about 60% of Apples revenues come from products less than 5 yrs old (iphone/ipad). First or not; shows importance of innovation to company