Amazon A Computer Specialist Based Out Of New York Essay

Introduction: Amazon was created by Jeff Bezos, a computer specialist based out of New York. Jeff identified an opportunity to establish a firm in the internet Industry. After much delegation, he decided to establish Amazon with a foundation in literature. Jeff created a website which went live in July of 1995. Amazon has established itself presently as American electronic commerce and cloud computing company. Amazon focuses on identifying opportunities and establishing themselves within new markets despite formidable competitors. Amazon competes in many different markets such as cellular phones and smart devices, online retailing and advertising, and web services. As Amazon tries to capture markets with innovation it experiences competitors such as Apple, Google, Facebook, and China’s Alibaba. It competes heavily with these companies through strategic acquisitions. Companies like Junglee, HomeGrocer.com, Pets.com, Living.com, provide Amazon with unique and innovative ideas to continue to c ompete. However not all Amazon ideas are successful, which has led to net losses and a need to satisfy investors. Amazon must continuously develop itself to keep contending with opposing companies. Issues Facing the Firm: Amazon is facing many problems at this point in time. They have just reported a net loss of two hundred and forty-one million for the year. This is primarily because they are spending such a large amount of money on research and development as well as licensing someShow MoreRelatedEnvironmental Scan Paper1539 Words   |  7 Pagestechnological industries to include: Google, Apple, and Amazon. Each organization creates value in its products and services to stay ahead of the competition. Google is considered the industry leader when it comes to search and has 65% of the search market, according to Hit Wise. 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