Information About Amazon Jaskaran Singh, Jagroop Singh, Anurag, Gurpreet Singh, Karandeep Singh, Manjot Singh Post graduate Business Management, MITT PG-050: Budgeting and Financial Management Rhonda Bistyak January 8, 2023 Amazon Mission statement The Mission statement of Amazon is to "become 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. This mission and vision statement help the companies to run their business for long time. Furthermore, Amazon uses its corporate vision and mission statements as guidelines for organizations like Whole Foods Market, enabling a range of initiatives from diverse industries to be successful, including software development, hardware production, cloud computing services, digital content distribution, online retailing, and cloud computing. Amazon's focus is driven by four main objectives, as stated in its mission statement: the best selection of goods and services the lowest prices, the simplicity of e-commerce, leadership in the worldwide market. Amazon Values There are four principles which are followed by the Amazon. It includes customer obsession rather than competitor focus passion for invention commitment to operational excellence long-term thinking Financial information including financial statements. Amazon holds a market capitalization of $1.541 trillion, positioning it as the fifth most valuable company globally based on market capitalization, according to available data. Here are the links for financial statements of Amazon in third quarters of 2023. https://ir.aboutamazon.com/news-release/news-release-details/2023/Amazon.com-AnnouncesThird-Quarter-Results/default.aspx Social media accounts of Amazon 1. 2. 3. Instagram Username - @amazon (Amazon uses Instagram to promote high-quality images and video content.) Facebook Username - @amazon.com (Amazon’s primary Facebook account is mostly used to market their products, highlight deals, run competitions, share community content, and share important posts.) Twitter Username- @amazonhelp 4. (Amazon’s use of Twitter showcases the use of social media as not only a marketing tool but an important step in customer service and e-commerce.) You Tube Username – @amazon. (Amazon uses YouTube as a source of videos for its Prime Video service12. Creators can upload their own videos to Amazon’s Prime Video and generate royalties based on the hours streamed) Similar to website or not, tell me why No, the content uploaded by Amazon on their website and social media is completely different. Amazon is more focused on promoting their products, services, brand awareness, product demonstration videos, and replying to customers on social media, as followed by Instagram, Facebook, YouTube, and Twitter. Meanwhile, on its website, Amazon lists its products, descriptions, customer reviews, and other informational content. However, on the Amazon website, users explore products and make purchases. But on the other hand, Amazon interacts with its customers through the social media platform. Articles related to Amazon We explore some of the news articles related to the amazon mission statement and corporate values. There links are given below: https://businessmodelanalyst.com/amazon-mission-and-vision-statement/ https://www.forbes.com/sites/carminegallo/2021/02/11/how-jeff-bezos-consistentlycommunicates-four-core-values-that-made-amazon-a-success/?sh=19f45856e243 https://www.theguardian.com/technology/2023/oct/26/amazon-quarter-profits-revenue-increase
