INNOVATIVE COMPANY:AMAZON 16/09/2020 by Group 1 AMAZON Subtitle Outlines Introduction Amazon's Vision Business Strategy Alhomaid, Hadeel Amazon's growth and business model evolution Amazon’s innovation Logistics Cui Weilan Hu Yaqing Customer Interaction Conclusion References Fei Yishui Introduction Amazon.com, Inc. : online retail shopping services. Customer sets: Consumers Sellers Enterprises Content creators. “Amazon.com History Founded by Jeffrey P. Bezos, July 1994 An online bookstore Amazon's Vision "To be earth's most customer centric company; to build a place where people can come to find and discover anything they might want to buy online." Business Strategy Amazon’s business strategy is based on one primary goal: “to seamlessly link the digital and brick-and-mortar shopping experience in order to be part of every single purchase made”. (Sandra, 2019) Amazon's growth and business model evolution Amazon’s innovations 1. Technology innovation:advanced technology and automation 2. Creates a Culture of Innovation Amazon’s innovations Technology innovation:advanced technology and automation 1.Robotics 2.Artificial intelligence Amazon’s innovations Creates a Culture of Innovation 1.Every single employee is empowered to innovate. 2.Nurture creativity and you'll foster innovation. 3.Invest in tomorrow's innovators. Logistics 1. FBA (Fullfillment By Amazon) 2. Third-party overseas warehouse 3. Sellers deliver goods by themselves Logistics FBA Advantages: fast delivery good customer services Disadvantages: poor flexibility Logistics Third-party overseas warehouse Advantage: transit warehousing Disadvantages: independence Logistics Sellers deliver goods by themselves Advantage: Management Disadvantage: Risk (delivery) Customer Interaction Amazon CRM Manage and synchronise business communication and information Purchase history Preference Buy or not Recommend Customer Interaction Advantages 1) Neatly Organised User Interface 2) Everything is intuitive 3) Stress-free for both customers and its employees Conclusion Amazon.com, Inc. provides online retail shopping services founded by Jeffrey P. Bezos in July 1994 Amazon’s business strategy is to seamlessly link the digital and brick-andmortar shopping experience in order to be part of every single purchase made. Amazon performs exceptionally efficiently.. FBA represents a large proportion of Amazon’s sales which helps the company to expand its product offering and decrease inventory costs. The successful customer interaction enhance Amazon's image as a trusted and honest retailer. QUESTION TIME References 1.Companies History, Amazon.com. (2020, February 08). Retrieved September 15, 2020, from https://www.companieshistory.com/amazon-com/ 2.Dave Chaffey, (2020, March 30). Amazon.com case study. Retrieved September 15, 2020, from https://www.smartinsights.com/digital-marketing-strategy/online-business-revenue-models/amazoncase-study/ 3. How CRM is The Secret Behind Amazon's Success, available at https://www.softwareadvisoryservice.com/en/case-studies/case-study-how-crm-is-the-secret-behindamazons-success/ 4. Innovation at Amazon, available at https://www.aboutamazon.com/amazon-fulfillment/our-innovation 5. Sandra Gudat, Amazon Business Strategy: Goals, Objectives, Retail Marketing. (2019, March 18). Retrieved September 15, 2020, from https://www.customer.com/blog/retail-marketing/amazon-businessstrategy/ 6. Scott Mautz, (2020, August, 31) Amazon Shares 6 Ways It Creates a Culture of Innovation and How You Can Too, available at https://www.inc.com/tim-crino/careacademy-ankur-jain-kairos-health-care.html References 7. Supply Chain Companies. (2018). Amazon Supply Chain & Logistics Secrets. Retrieved from https://abcsupplychain.com/en/amazon-supply-chain-logistics/ [Accessed 15 September 2020] THANK YOU!