Amazon vs. Borders

In: Business and Management

Submitted By angelareed131975
Words 1227
Pages 5
Amazon.com and Borders Books

Professor
Business 302 Management Concepts
Week 4 Assignment
Angela Reed

Amazon
Amazon is a Fortune 500 company; it is the largest online electronic retailer in America. Amazon is credited with popularizing online shopping. Amazon.com considers itself a completely customer centric company, its company values statement is: * Customer Obsession: We start with the customer and work backwards. * Innovation: If you don’t listen to your customers you will fail. But if you only listen to your customers you will also fail. * Bias for Action: We live in a time of unheralded revolution and insurmountable opportunity - - provided we make every minute count. * Ownership: Owners matters when you’re building a great company. Owners think ling-term, plead passionately for their projects and ideas, and are empowered to respectfully challenge decisions. * High Hiring Bar: When making a hiring decision we ask ourselves: “Will I admire this person? Will I learn from this person? Is this person a superstar? * Frugality: We spend money on things that really matter and believe that frugality breeds resourcefulness, self-sufficiency, and invention!
Amazon was founded in 1994 by Jeffrey Bezoes; the website was launched in 1995. It began as an online bookstore, it has grown to sell many other products, such as: clothing, gourmet food, watches, jewelry, baby products and apparel, beauty products, sporting goods, music CD’s, DVD’s, video tapes, home appliances, electronics, and so much more. In the beginning it was a slow; after the dot com crash many companies folded; Amazon stayed and recorded a $5 million profit in the last quarter of 2001. In December 2008 Amazon replaced Merrill Lynch on the S&P 100. In 2005 Amazon launched a program for seamless shipping of goods it offers unlimited shipping for a fat rate fee…...

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