Thursday, May 21, 2020

Analysis Of Amazon s The Era Of Globalization Essay

Individual Research Paper: Amazon In the era of globalization, understanding of international business culture is the key in expanding ones job prospects and it also equips with the required skill set to face the challenges of the intricate global settings. Amazon is a perfect example to learn from as it ventured from national to international stage and went through all the challenges faced during global expansion in terms of politics, governance, taxation, international policy and laws. Marketing and sales strategies coupled with innovation has been the driving force behind Amazon’s growth and success. This paper reflects on some of Amazon’s strengths after a brief overview of company’s history and background. Through shifting business models, its competitors have been trying to catch up with Amazon and could provide stiff competition in future. In face of the challenges ahead, Amazon weaknesses are discussed in regards to international business issues. In the end recommendations are provided fo r Amazon’s growth and sustainability as an international leader in innovation and technology. Background and Overview Jeff Bezos was working on wall street in a hedge fund during early 1900s when he came across the statistic that internet is growing at the rate of 2300%. He became fascinated and obsessed with the number and realized he need to get on the internet fast. He realized the potential of online book selling since there wasn’t a comprehensive catalogue at the time so heShow MoreRelatedMarketing Myopia, By Theodore Levitt1348 Words   |  6 PagesMarketing Myopia Analysis â€Å"Marketing Myopia†, by Theodore Levitt is one of Harvard Business Review’s most profound articles ever published, having won the McKinsey Award in 1960. The title of the article hints what it suggests, a short-sighted approach to marketing. 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