Amazon Cycles of Creativity

Amazon was incorporated in 1994 as an American e-commerce company, by Jeff Bezos. It is the largest online retailer in the world according to its sales and capital. The company earned an income of US$135.98 billion in the financial year of 2016 and on its peak days it sold more than 306 items in one second. The motive of selecting Amazon for this report is because the company has beat all of his completion in the market Management and become world’s largest online retailer with a high level of customer satisfaction. Amazon operates in online shopping and cloud computing industry. Along with their online retailing, the company provides several other internet-based services to its customers as well. Other services of Amazon include Amazon Prime, online book store, studio movie, app store, cloud drive and web services. Amazon keeps innovating their products and services according to their customer's requirements. The recent project of Amazon is â€Å"Alexa†, an artificial intelligence system that could connect to mobile, house or other electronic devices (Teece 2010). According to Mangalindan (2012), Amazon key strategy focused on cost leadership, as compared to other off-line retailers. The company’s enormous warehousing services and processing abilities, providing them cost advantages. The company is also focused on customer satisfaction and Bezos has implemented the consumer focus structure throughout the enterprise. The company uses these facilities to provide competitive pricing to its customers and other facilities such as one-day delivery, easy return, fast purchase process, and customer support. According to Forbes, Amazon is one of the world’s top three most innovative companies, with a market cap of US$427 billion and this strategy will help them sustain their growth in the future. Amazon’s business model focuses on enhancing growth by adopting a lower cost structure, as discussed by Bucherer (2011). The company provides lower cost products with high-quality services. Following is the criteria of Amazon’s business model: Amazon operates in more than 16 countries, and they might start selling in Australian as well. Before entering in Australian online retail market, the company required to assess their culture, administrative, geographic and economic factors. As discussed by Johnston (2017), Australian online retail market is a booming industry with more than 80 percent of population spending in online retailing, but around 64 percent of customers returned their purchases. Amazon required formulating faster delivery operations with easy return policy to capture Australian online retail market. Uber Technology incorporation is an American corporation operating in transportation and delivery services. The companies headquarter is situated in San Francisco, California. Uber provides its services in more than 632 cities globally. The organisation has revenue of US$6.5 billion in 2016 financial year. The purpose of choosing Uber is that company has changed the taxi industry without any significant investment. The organisation has created a monopoly in the transportation industry and worth more than US$63 billion. Uber allows customers to book a taxi through their mobile application. The drivers of Uber cabs have their own vehicles, eventually reducing the investment cost of Uber. The company has millions of vehicles to operate, for which they did not pay millions of dollars. Uber does not require maintaining full-time drivers or vehicles which reduce their costs. Uber operates in the low competitive market. There are other taxi drivers and organisation, but they did not provide customer services like Uber (Cramer and Krueger 2016). The customs choose Uber over taxi because they provide easy accessibility and facility through their application such as convenient booking, 24*7 service, and no cash transactions. According to Jonathan (2015), Uber hire world-class programmers and talented mathematicians that help in maintaining policies for the company by analysing the data. The company constantly update their policies to attract a high number of customers such as discounts, guaranteed prices, simplicity in the booking process and motive drivers to work longer. The innovative strategy helps Uber in gaining a competitive advantage and assist in sustainable future growth. Uber’s business model focuses on maintaining high standards of services management at lower prices. Following are its essential parts (Cohen and Kietzmann 2014): The business model of Uber assists them enhancing their operations worldwide. According to the research of Cannon and Summers (2014), the company is not affected by economic, geographic, and administrative and cultural factors of different countries since the company did not invest in vehicles. Uber provides a facility through their application and their drivers use their personal vehicles. The business approach of Uber increases their operations in more than 632 cities and sustained their future growth. Bucherer, E., 2011.  Business model innovation-guidelines for a structured approach. Shaker. Cannon, S. and Summers, L.H., 2014. How Uber and the sharing economy can win over regulators.  Harvard business review,  13(10), pp.24-28. Cohen, B. and Kietzmann, J., 2014. Ride on! Mobility business models for the sharing economy.  Organization & Environment,  27(3), pp.279-296. Cramer, J. and Krueger, A.B., 2016. Disruptive change in the taxi business: The case of Uber.  The American Economic Review,  106(5), pp.177-182. Culey, S., 2016. Building the Everything Store: Amazon’s Cycles of Creativity and Circles of Destruction. The European Business Review. Retrieved from < https://www.europeanbusinessreview.com/building-the-everything-store-amazons-cycles-of-creativity-and-circles-of-destruction/ > Forbes., 2017. The World’s Most Innovative Companies. Retrieved from < https://www.forbes.com/companies/amazon/ > Johnston, R., 2017. Yet Another Reason Amazon Australia Is Going To Be Huge. Gizmodo. Retrieved from < https://www.gizmodo.com.au/2017/08/yet-another-reason-amazon-australia-is-going-to-be-huge/ > Jonathan, T., 2015. Uber’s Use OF Data As A Competitive Advantage. Digital Innovation and Transformation. Retrieved from < https://digit.hbs.org/submission/ubers-use-of-data-as-a-competitive-advantage/ > Mangalindan, J., 2012. Amazon’s recommendation secret.  CNN Money https://tech. fortune. cnn. com/2012/07/30/amazon-5. Teece, D.J., 2010. Business models, business strategy and innovation.  Long range planning,  43(2), pp.172-194.

Foundations of Scholarship Assignment Example | Topics and Well Written Essays - 1750 words

Foundations of Scholarship - Assignment Example A corporation may have a low or high level of employee involvement in the daily processes that require decision making. Corporations that have a greater degree of employee participation in various functions allow their workers to be able to make decisions about different planning processes. Employees also feel that their opinions are treasured by the company executives, and feel that the company seriously considers their interests. On the other hand, a low level of employee involvement in functions such as decision making is indicative of the existence of a restricted planning process in which only the company’s executives are involved. Advantages of Including Workers in Corporate Decision Making There are many reasons why it is important for company heads to foster a corporate culture in which the opinions of workers are taken seriously (Williamson 2008). While this type of structure has not been popular in the past, it is more considerate of workers and makes them feel appre ciated by the corporations they work for. It also encourages loyalty from the workers. Additional reasons why encouraging employee participation in a corporation’s decision-making processes is important are: It improves the employees’ morale: Engaging the staff in the decision-making procedures increases the general morale. Many corporations have a distinctive separation of power between the employees and the management. The implementation of employee participation can successfully reduce this gap; thus encouraging more constructive communication between employees and their supervisors. Once employees are allowed to contribute during decision-making, workers will believe that their ideas are a significant contribution to the company they work for. This empowers them to have the confidence to influence the result of their efforts; thus bringing about increased job satisfaction (Singh 2009). Involving employees in making decisions is also likely to make them more product ive. This is because the employees will feel that they have a personal stake in running of the corporation, and thus wish to see their personal contributions bring about the successful realisation of the company’s objectives. The increase in trust that is demonstrated by a corporation’s executives can also inspire employees to expand or advance their skills in order to prove that they are deserving of that trust. Such efforts mean that there will be more effort in production processes which results in more profitability (Scott- Ladd, Travaglione, and Marshall 2006). Improvement in Teamwork- When workers are allowed to contribute towards decision-making, they have the opportunity to state their views while also listening to those of their colleagues. In this way, the workers gain knowledge from each other and thus develop a sense of comradeship that positively affects any joint exercises that may be conducted. Saving Internal Resources- When employees are used in the pr ocess of decision making, the company in question has the chance to save on time as well as money that might have been used to hire specialists or consultants. The company will also benefit because it saves money by taking the advice of people who work closely with the machinery and so are in a better position to understand what may be needed. The Practice of