Winter Amazon Brand Audit Adam Brooking, Ema Bassey, Connor Schmidt, Sophie Zhou An in-depth summary and critical evaluation of the Amazon brand. Bus 343 14 Amazon Brand Audit BUS 343 Table of Contents 1. BACKGROUND p.3 a. History …3 b. Brand Portfolio …5 2. BRAND INVENTORY a. b. c. d. e. f. p.7 Brand Elements …7 Products & Services …9 Innovation …18 Pricing …20 Distribution …22 Communication …24 3. BRAND EXPLORATORY p.27 a. Consumer Knowledge…27 b. Brand Resonance …28 c. Competitive Analysis …30 4. STRATEGIC REVIEW p.37 a. Positioning …37 b. Tactical Recommendations …39 5. CONCLUSION p.41 6. APPENDIX p.43 a. Timeline of Events …43 b. Survey Results …51 7. LINKS & REFERENCES p.57 2 Amazon Brand Audit BUS 343 BACKGROUND History Amazon.com was founded by Jeff Bezos in 1995. It started out as a place for book lovers to buy books online. Bezos believed that only the internet could offer customers the convenience of browsing a selection of millions of books in one single sitting. During the first 30 days, Amazon.com fulfilled orders for customers in 50 states in the U.S and 45 countries- all shipped from his Seattle-area garage. Amazon.com quickly expanded into an online seller of a wide range of products, not just books. Over time the company acquired more and larger fulfillment centers, and soon Amazon.com would become one of the most widely used shopping platforms by consumers in the United States, let alone worldwide. According to its website, technological innovation drives the growth of Amazon.com to offer customers more types of products, more conveniently, and at even lower prices. Starting with embracing the dot-com boom, technological innovation has been a part of Amazon’s identity for the entirety of the company’s life. Among its many technological innovations for customers, Amazon.com offers a personalized shopping experience for each customer, book discovery through "Search Inside The Book", convenient checkout using "1-Click® Shopping", and several community features like Wish Lists and customer reviews that help customers discover new products and make informed buying decisions. By the year 2000 Amazon.com had become successful enough to stand out amongst competitors as a market leader in the e-commerce industry. It even began providing its intuitive e-commerce platform to third-party sellers, further expanding its usage rate and reputation for being easy to use. 3 Amazon Brand Audit BUS 343 In 2006 Amazon continued to innovate in the e-commerce industry by launching Amazon Web Services (AWS), where it began to experiment with a wide range of cloud-based computer and data interactions – now known as cloud computing. This put Amazon ahead of many other online stores and service providers, since it now had the ability to provide even faster, more reliable service by tracking its own data, as well as that of customers. As a result, Amazon stood out as a supremely tech-savvy company focused on improving the customer experience. In more recent years, Amazon has continued to grow as a company and as a brand, creating media devices like the Kindle and incorporating robots into its distribution strategy. All of Amazon’s strategic moves have been made to reinforce feelings of reliability, customercentricity, and convenience, spanning across different industries and different product categories. Amazon is considered the fourth most successful start-up company of all time by market capitalization, revenue, growth and cultural impact. 4 Amazon Brand Audit BUS 343 Brand Portfolio The businesses and services that compose Amazon.com’s family brands can be broken down into three major parts: consumer business, seller business and IT infrastructure business. Amazon includes several brands under each of these categories, as seen in the image below. Based on its varying acquisitions ranging from drugstore.com to ivona, as well as e-commerce companies and technology companies, there appears to have been a clear shift in Amazon’s strategic business direction in terms of brand extension. Specifically, a shift from consumer business to IT infrastructure business, which also implies a larger role in the B2B space. Brands under Consumer Business 5 Amazon Brand Audit BUS 343 The flagship brand “Amazon.com” goes under this category, and there are several subbrands that qualify under this categorization as well, such as Amazon Basics, Amazon Fresh, Amazon Kindle, and Amazon WarehouseDeals, which are highly differentiated in their offerings. These brands are all in the B2C space, and they would seem to represent where the Amazon Empire starts, especially considering that the marketing strategies for each are close tied to the customer-centric personality of the Amazon brand. Brands under Seller Business Brands that appear under this category would include Amazon Services, Amazon Webstore, and Amazon Supply. These brands target competitor businesses from big brick-andmortar retailers to small start-ups that offer similar services. Perhaps the most significant detail of Amazon’s presence in seller business, however, is that it has supported the brand’s move to the IT infrastructure business. Brands under IT Infrastructure Business Amazon Web Services (AWS) is the major brand in this category. Targeted at enterprises, Amazon leverages the sales of this brand through its other service, Amazon Program Networks (APN). Acquisitions and Other Brands In addition to the Amazon-initiated brands mentioned above, Amazon owns other separate brands including Zappos.com and IMDb, gained through acquisitions. These brands most likely have their own range of family brands, as well as their own pricing strategies, marketing strategies, etc. They are distinctively separate from Amazon, but they still play roles 6 Amazon Brand Audit BUS 343 in the overall revenue stream, and effectively reinforce key associations in Amazon’s brand identity (customer service, reliability, etc). Within Amazon’s brand family, there are flanker/fighter brands such as Amazon Kindle, which is poised to compete in the tablet/e-reader market with the iPad and nook devices. There are also sleeper brands which may include Amazon fresh, a grocery delivery service that is not yet widely available geographically. Amazon itself is a power brand, tied to its primary website and catalog, and Amazon Basics can be seen as a wallflower brand considering its low profile. These will be further evaluated and mentioned in this audit’s recommendations section. BRAND INVENTORY Brand Elements Name Jeff Bezos, founder of Amazon, almost named Amazon.com “Cadabra” – as in “Abracadabra” – but it was after Bezos’ lawyer misused the name as “Cadaver” when he changed his mind. Bezos chose the word Amazon in part because of the Amazon River, which is one of the largest rivers on earth and, in terms of imagery, aligned perfectly with Amazon’s original tagline “Earth’s biggest bookstore.” Logo 7 Amazon Brand Audit BUS 343 Amazon has used several different logos since the initial start of the website (see figure). The first logo featured the Amazon River flowing through the middle of the ‘A’ shape, and the phrase: “amazon.com ‘Earth’s biggest bookstore’” just below it. The logo that is known today has a yellow arrow underneath the word “Amazon.com,” which begins at the letter ‘A’ and points around to the letter ‘Z’. This image is intended to communicate that Amazon sells everything from ‘A’ to ‘Z’, and the arrow itself is shaped to resemble a smile, implying that customers would experience enjoyment during their time shopping on the web site. In 2002 the company created their last new logo, which was the same as the previous logo but with the words “and you’re done” in the bottom right-hand corner. This served to better illustrate to consumers that Amazon had a huge selection of merchandise, and that no matter what they were looking for Amazon was most likely to have it, thereby making Amazon seem like the “one-stop-shop” for nearly every type of consumer. Colors Amazon has implemented four main colors in their brand logo: black, white, orange, and green. The color black featured in the Amazon logo is meant to represent dominance, supremacy and elegance, whereas the orange color stands for pride and the happiness experienced by the customer. The color green would appear to represent feeling of freshness, or perhaps harken back to the brand image’s roots with the Amazon River, while white – aside from being used as a balancing contrast to black – could possibly represent the presence of all colors, which conveys the image of being “all-encompassing.” 8 Amazon Brand Audit BUS 343 Products & Services Amazon Basic The Amazon Basic brand applies to product lines produced by Amazon, which include: Electronic accessories, USB & A/V cables, Ethernet cables, blank recordable media, computer mice, keyboards, and tablet covers. These items are typically priced around 10% lower than other, competing brand-name products. Amazon Studios Amazon Studios is an online social movie studio, intended to find viable scripts and eventually produce them into full-fledged films or TV shows. This service emphasizes the open nature of gathering sources, providing a more intricate and customer-focused method for filmmaking. Amazon Studios connects individuals with producers and other relevant figures in the entertainment industry – bridging a normally impassable gap. Amazon Fresh Amazon Fresh is a service that sells and delivers groceries in the Seattle, San Francisco, and Los Angeles areas. Customers can order groceries online and have them delivered to their home. This service offers free same-day and early morning delivery, similar to how certain orders through Amazon.com are carried out. Amazon Kindle The Kindle brand encompasses a series of e-book readers designed and marketed by Amazon.com. The Kindle device enables users to shop for, download, browse, and read eBooks, 9 Amazon Brand Audit BUS 343 newspapers, magazines, blogs, and other digital media via wireless networking. Kindle software is available for use on various devices and platforms, including Microsoft windows, IOS, Blackberry, Mac OSX, Android, webOS, and Windows Phone. The Amazon cloud is what allows the user to read and purchase Kindle-certified books from a web browser. Amazon also created a web browser called Silk, designed specifically for the Kindle. Amazon offers a 3G Whispernet network on some Kindles, which is accessible without any monthly fee or wireless subscriptions. Amazon warehouse Amazon Warehouse is a service that offers discounts on refurbished products, as well as certain deals on returned, warehouse damaged, used or refurbished products. Such products offered do not meet Amazon’s rigorous standards as being “new” products. Amazon Prime Amazon Prime is a membership program, priced at $79 per year of membership, that features free two-day shipping, upgrading to overnight shipping for $3.99 per item, unlimited streaming of qualifying movies and videos, one free borrowed e-book per month, and no minimums on order sizes. This program has been highly successful among customers, and actually played a crucial role in Amazon’s financial success while other companies suffered during the recent economic recession in the U.S. Amazon Student 10 Amazon Brand Audit BUS 343 Amazon Student is a membership service similar to Amazon prime, but priced at $39 per year and specifically targeted at college students. It features discounts and deals exclusively for students and on products like textbooks and movies. It also features: free release date delivery on video games, DVDs, books, and other media; a $10 credit for each friend referral; eligibility for sweepstakes, giveaways, and contests; and access to over 41,000 different media options for streaming movies and videos. Amazon Mom Amazon Mom is another membership service, targeted specifically at current or soon-tobe mothers. It includes access to a 3-month free trial before a required fee of $79 per year, and members are eligible for up to 20% off diapers, a 15% baby registration completion discount, and a 20% “family essentials” discount when you order 5 or more items on Subscribe and Save (15% S&S, 5% Amazon Mom). One Click Service “One-Click” is a patent owned by Amazon that allows a customer to make online purchases with a single click. Customer payment information is saved from the first purchase, which allows the online shopper to use the internet marketplace to purchase an item without having to use the typical “shopping cart” feature. Amazon Cloud Drive 11 Amazon Brand Audit BUS 343 Amazon offers cloud drive technology that is accessible by Amazon.com account holders. With the cloud drive, customers can store music, e-books, and other data, as well as reduce their relevant IT costs in multiple ways. Amazon Instant Video Amazon Instant Video is a service that provides a digital streaming platform for movies and television shows. Customers with access to Instant Video (typically through membership with Prime or another program) can purchase and stream movies and television across a wide range of titles. Amazon App Store The Amazon App Store serves as an online venue for developers and buyers to browse, share, and purchase apps for devices ranging from laptop computers to smartphones. The apps offered though this platform typically are most compatible with the Android operating system. Amazon Cloud Player Amazon Cloud Player is a technological service that allows customers and members to sync and store their digital music files across numerous devices, like personal computers, smartphones, and tablets. Purchases from Amazon’s own music marketplace (Amazon MP3) can be instantly stored to the Amazon Cloud Player. Amazon MP3 12 Amazon Brand Audit BUS 343 Amazon MP3 is Amazon’s online music marketplace, which encompasses a huge selection of albums and songs from various artists, all available for purchase in the mp3 file format. Music files can be downloaded directly to the user’s device or stored online via Amazon’s Cloud Player service. Amazon.com Rewards Amazon.com Rewards is a new service from Amazon. It is a credit card that is paired up with Chase Bank. Applying for this card allows the user to receive instant free $30 gift card. The user automatically receives instant credit the second the application has been accepted. No annual fees are associated with the card. If the card is used on Amazon.com then the user will receive 3x the points, if used at gas station, restaurants, and Movie Theaters gives 2x the points, and using the card for any other purpose gives 1x the points. Amazon Payments Amazon Payments is a new service that Amazon.com now provides. Amazon payment was created to compete directly against PayPal, owned by competitor eBay. The mission is to create a user profile that saves all the user’s payment information. This profile can be used on any other website that is associated with Amazon.com, which allows the user to only have to manage one profile instead of individual profiles for each website. Private labels 13 Amazon Brand Audit BUS 343 Amazon owns and operates four private labels, and the items in each label appear in search results and product rankings in the same way other products do surfaced on Amazon.com. The following sections go into more detail regarding the product offerings of each label: Pinzon The Pinzon label applies to 600 home and garden items – including some bed and bath items that overlap with another private label: Pike Street. The label is named after Vicente Yanez Pinzo, the Spanish explorer who discovered the Amazon River. The Pinzon label supposedly travels the world to find the best materials for their products, and designs form and function and experience their style, craftsmanship and value Strathwood The Strathwood private label encompasses around 350 furniture items, such as couches, chairs, tables, and other décor items. Specifically, this label associates itself with high-quality furniture and décor items. Denali The Denali label applies to around 50 personal tools and hardware items. Such items include: saws, drills, screwdrivers, power tool accessories, machines and machine tools. Pike Street The Pike Street label is used with about 150 bedding/bath items, including sheets, towels, and full-body wraps/throws. The label derives its name from the iconic Pike Street in Seattle, Washington. 14 Amazon Brand Audit BUS 343 Amazon Web Services Amazon Web Services (AWS) are a collection of remote computing services that make up the cloud-computing platform. Its primary uses are: computing, networking, storage and content delivery, database, deployment, management, app services, and other miscellaneous services. AWS is hosted across 9 geographical Regions; each Region is contained within a single country and all of its data and services stay within the designated Region. Each Region also has multiple Availability Zones, which are distinct data centers that provide all of Amazon AWS services. The Zones are purposely isolated from each other to help prevent outages from spreading between Zones. The following sections go into more detail about each service: Computing These services assist is the processing of large amounts of data for businesses, analysts, and marketers. Amazon Elastic Compute Cloud (EC2) Amazon Elastic MapReduce (EMR) Networking These services provide a highly available Domain Name System (DNS), which allows a user to connect to networks that feed directly into the AWS data centers. Amazon Route 53 15 Amazon Brand Audit BUS 343 Amazon Virtual Private Cloud (VPC) AWS Direct Connect Storage & Content Delivery These services provide a very low cost, long-term storage option: Web Service based storage, Cloud backup block, and it helps accelerate moving large amounts of data into and out of AWS using portable storage devices. Amazon CloudFront Amazon Simple Storage Service (S3) Amazon Glacier AWS Storage Gateway Amazon Elastic Block Store (EBS) AWS Import/Export Database These services provide a wide range data management options carried out through database storage platforms. Amazon DynamoDB Amazon ElastiCache Amazon Relational Database Service (RDS) Amazon Redshift 16 Amazon Brand Audit BUS 343 Amazon SimpleDB AWS Data Pipeline Deployment These services provide a file-based interface which allows the user to provide quick deployment and management methods through the cloud. Amazon CloudFormation AWS Elastic Beanstalk AWS OpsWorks Management These services provide tools and a web-based point-and-click interface, which manages and monitors all Amazon infrastructures. Amazon Identity and Access Management (IAM) Amazon CloudWatch AWS Management Console (AWS Console) App Services These services provide easy-to-use apps to help manage different business operations as interfaced through Amazon. Amazon CloudSearch Amazon DevPay 17 Amazon Brand Audit BUS 343 Amazon Elastic Transcoder (ETS) Amazon Flexible Payments Service (FPS) Amazon Simple Email Service (SES) Amazon Simple Queue Service (SQS) Amazon Simple Notification Service (SNS) Amazon Simple Workflow (SWF) Miscellaneous These services cover a wide range of needs, such as productivity management, gift card distribution, and consultation on how to use AWS. Amazon Fulfillment Web Service Amazon Historical Pricing Amazon Mechanical Turk (Mturk) Amazon Product Advertising API Amazon Gift Code on Demand (AGCOD) for Corporate Customers AWS Partner Network (APN) Innovation Amazon is always trying to find ways to innovatively improve the way customer interact with their brand. Recently some rumors and facts have been released stating that Amazon.com is 18 Amazon Brand Audit BUS 343 working on some new products, new services, and better ways to satisfy their consumers. The following sections go into more detail: Amazon Entrepreneur Store The Amazon Entrepreneur Store is a new service engine that is offered through Amazon.com. It is designed to be a hub where every entrepreneur can go to in order to receive special discounts and special services that help promote/advertise their company. Amazon Prime Air Amazon Prime Air is a new style of distribution for orders placed through Amazon.com. The company has been developing a new way to deliver their packages within 30 minutes, involving an unmanned drone that is capable of flying a package directly to the customer’s front door 30 minutes after the purchase. Amazon Mayday Amazon Mayday button is a new service that Amazon has created and implemented in their Kindle Fire devices. This feature allows the users of certain Kindle devices to directly communicate with the Amazon.com customer help center. Once the button on the tablet is pressed, an Amazon employee will pop up on the screen through a live feed. The employee then can directly communicate with the user to help solve their problem, and if the user can’t figure it out then the Amazon representative can take control their kindle device and walk the user through the problem. 19 Amazon Brand Audit BUS 343 Amazon Publisher Amazon Publisher is a new service engine that is offered through Amazon.com. This service allows any consumer to upload their own books. The user can select which style of book they want (either hard bound or paper), how many books they want printed (personal customizations offered), and helps get their books published/advertised. Pricing Strategy Amazon.com attracts over 48 million active customer accounts mostly through their pricing strategy. Founder Jeff Bezos states “our objective remains offering low prices every day and applying them broadly across our entire product range rather than discounting a small number of products for a limited time.” Amazon uses the “value pricing strategy” which is known as the every-day low pricing. Amazon has always offered the discount of 30% off any book that is over $15. The other way Amazon differentiates their pricing in by adding valueadded services. These services include free shipping on nearly all orders over $25 or always free shipping for its prime members. Amazon uses their Warehouse deals in order to offer discounts on refurbished products. Many people calls Amazon’s pricing strategy a burden on the company’s revenue. Bezos though looks at the strategy of maximizing long-term profits by increasing market share. The long run and believe that what’s best for the customer will turn out to be in the company’s best interest he quotes “Every time the math tells you that you shouldn’t lower prices ‘because you’re going to make less money. That’s undoubtedly true in the current quarter, in the current years. But it’s probably not true over a 10-year period, when the benefit is going to increase the frequency with which your customers shop with you, the fraction of their 20 Amazon Brand Audit BUS 343 purchases they do with you as opposed to other places. Their overall satisfaction is going to go up.” List prices The list prices that are displayed for products on the Amazon.com website represent the full retail price listed on the product, which is suggested by the manufacturer or supplier, or is estimated in accordance with the standard industry. Price Matching Amazon will price-match purchases of televisions and cell phones with certain select retailers and any of those items that are sold through their website. Amazon will not match price any other products. Pre-order price guarantee The pre-order price guarantee applies to books, CDs, videos, DVDs, video games, or software sold by Amazon.com, and not to items or their prices, which are offered by other sellers on their site. The not-yet-released items can sometimes change between the time the item is listed on the site and the time that it is released and shipped. The pre-order guarantee means that the price the consumer is charged with it is the lowest priced offered by Amazon.com between the time the order was placed and the end of the day on the release date. Shopping Cart Prices 21 Amazon Brand Audit BUS 343 The items that the consumer puts into their “shopping cart” will always display the most recent price displayed for the item. Prices for the item(s) may fluctuate between the time the consumer puts the item in their cart and the time the item is purchased. Placing an item in your cart does not reserve the price shown at that time. Prices may increase or decrease before the purchase is completed. Free Shipping All orders that are $35 or more qualify the consumer for free shipping. Free shipping is basically standard shipping meaning orders will be delivered 5-8 business days after the item is available to ship, including pre-ordered items. Oversized and extremely heavy items will result in a special shipping surcharge. The surcharged varies depending on the size and weight of the item. The surcharge is shown to the consumer in the Shipping and Handling subtotal on their order form. Some items have a sourcing fee attached to them to help cover the expense of selling that item. Amazon prime members will be benefited with free Two-day shipping on millions of item sold on Amazon.com. Distribution Strategy Amazon has its corporate headquarters in Seattle, Washinton, which also serves as one of its distribution centers. Some of their other locations are in: Phoenix, Arizona; Las Vegas, Nevada; and Herdon, Virgina. Amazon started in a 400 square-foot garage, eventually expanding to two 300,000 square-foot fulfillment centers. Currently, Amazon owns and operates 50 fulfilment centers that encompass a total of roughly 26,000,000 square feet. 22 Amazon Brand Audit BUS 343 In order to further improve the company’s methods of storage and distribution, Amazon eventually hired former Walmart executives who specialized in managing distribution centers. These two individuals were in charge of Walmart’s supply chain and its impressive distributions strategy. As a result, Walmart filed a lawsuit against Amazon in an attempt to stop them from implementing a similar strategy, though the suit was eventually settled outside of court. With the help of these ex-Walmart executives, Amazon was able to develop an immensely successful method of distributing its products between fulfillment centers and between customers. In the process, the company also heavily utilized Information Technology to revolutionize the way it managed its distribution. In fact, Amazon’s distribution center is currently run in large part by Kiva robots: small but sturdy disc-shaped robots that efficiently move entire shelves full of items to human workers who select the items needed for shipping. Amazon ships customer orders through delivery partners like FedEx and UPS, and customers have the options of choosing from standard shipping (3-5 days) and two-day shipping. Both delivery options are guaranteed to arrive within the given time range. Amazon also offers digital distribution: delivery a variety of media like music, e-books, and videos in roughly 60 seconds. In regards to future endeavors in distribution and shipping strategy, Amazon has also been planning to implement an initiative referred to as “Amazon Prime Air.” This initiative would utilize flying drones to deliver qualifying items to customer’s homes, both serving as a significant point of differentiation between Amazon and the way competitors ship their items, and a key component in Amazon’s aspirational goal to deliver customer orders within 30 minutes. 23 Amazon Brand Audit BUS 343 Communication Strategy Amazon’s marketing and communication strategies strives to create an innovative, customer-centric brand image. Through targeted online marketing channels including its Associates program, sponsored search, portal advertising, email marketing campaigns, and other marketing initiatives, Amazon has been able to direct customers to their websites and effectively drive sales. Amazon associates itself with brick-and mortar stores by hosting and managing retail web sites and high-tech companies to reinforce its reputation of being focused on the customer’s experience. Moreover, Amazon sponsors events such as that National PTA reading program and launches campaigns supporting community initiatives, including its Clean Up Ecuador Campaign – all partially serving to create positive associations of the brand in consumers’ perspectives. Advertising When Amazon first started, it put lots of effort into offline advertising, including on TV and on billboards. Amazon spent roughly $80 million in offline advertising campaigns in 1999; 10 years later it only spent $9.4 million. Drastic cuts have been in place in terms of offline advertising. Instead, Amazon has been mainly focusing on online advertising. With Amazon Web Services (AWS) XML service, associates, and third-party sellers, Amazon has been able to drive a large amount of traffic to its websites. Word of mouth Many customers, especially those who shop online, rely on product reviews to get informed before making a purchasing decision. Amazon has successfully facilitated and provided 24 Amazon Brand Audit BUS 343 customers reviews on its website to help customers make purchase decisions. These reviews, in addition, help build the trust between Amazon and its customers. Well-displayed reviews with visuals may very likely have served to significantly improve the conversion rate of Amazon customers. Customer tracking & Email marketing campaigns Amazon understands the power of email marketing in terms of driving revenue. According to a research conducted by the IAB, Amazon is the most popular email marketer with consumers in the UK. By tracking customers’ online activities, Amazon is able to personalize customers’ shopping experiences. They have sections including “recommendations for you”, “related to items you have viewed” etc., and then they do personalized email marketing campaigns with recommendations relevant to you afterwards. Because they know their customers very well, they are able to compile email campaigns that resonate with customers’ personal needs. Social Social networks have helped Amazon drive sales through online posts are promotions. It is reported that Amazon attracts an average of 417 comments per Facebook post, the 12th most among major retailers. On Twitter, it has an average 48 retweets per post, the 9th most. Moreover, Amazon has almost 4 million visitors click from social networks to its websites. Besides driving traffic through social networks, Amazon has implemented social elements into its own sites; for example, the wish list feature. Amazon sees the use of social media networks as 25 Amazon Brand Audit BUS 343 a way to crowd-source product information to better personalize customers’ shopping experiences. Its social marketing efforts help Amazon build its customer-centric brand imagery. Associates & Partnerships Currently, Amazon operates websites such like Zappos.com and drugstore.com as a result of its acquisition efforts. Amazon also hosts retail web sites like Sears Canada and Marks & Spencer. By doing so, Amazon has been able to place links on their partners’ websites to direct customers to Amazon’s websites. Moreover, some third-party Associates selling their own products via Amazon will place these links on their own websites as well. Recently, Amazon has been approaching to some brick-and mortar stores including Neiman Marcus and Abercrombie&Fitch, and they are discussing the possibility of featuring these retailers’ products on Amazon websites. Amazon also links itself to high tech companies especially in the B2B space through AWS. In 2006, Amazon started to offer IT services by partnering with companies including Cap Gemini SA to BMC software Inc. First quarter of 2012, Amazon has a little fewer than 1,000 partners, while it has more than 4,000 members now. Amazon Partner Network (APN) helps Amazon build the trust of the brand and attract big enterprises. Customer Services Amazon, known as the most customer-centric company on earth, has put a great deal of efforts in developing its website interface, optimizing its search engine, enhancing its relationships with customers to offer customers delightful shopping experiences. Its recent “Mayday” live support and promise of “delivery within half an hour” promise are both consistent 26 Amazon Brand Audit BUS 343 with its core values. All of its marketing strategies appear in some respect to be designed to build its relationship with customers. BRAND EXPLORATORY Consumer Knowledge Structures Amazon has successfully leveraged its core values with technological innovation to become known as the most customer-centric online retailer in the world. When thinking about Amazon, consumers tend to come up with positive associations including “reliable, secure, cheap, trustworthy, customer-centric, fast, convenient, variety” (these results obtained from our own surveys and experiments). However, some consumers may also think of Amazon as a big, multinational corporation, not friendly in many ways. They also might think of Amazon’s customer services as not consistent sometimes. The figure below shows a hypothetical mental map for the Amazon brand. 27 Amazon Brand Audit BUS 343 In 2011, Amazon was rated the top in the National Retail Federation Customers’ Choice Awards, an award honoring retailers across all channels and formats for their outstanding customer service based on data collected from 9,374 shoppers. Amazon was ranked the top, and Zappos, an Amazon-owned company, was the third; while Nordstorm was ranked the 10th. Other research conducted by Forrester in 2012 shows that 30% of all online shoppers start their product research from Amazon, and this figure surpass Google’s 13%. 86% of Americans who have had online shopping experiences purchased from Amazon before. More recent research conducted by Nielson shows that Amazon is the No.1 mobile destination among mass merchants. And 53% of mobile web/app users in October last year shopped on Amazon.com, and this number far surpasses Walmart Stores’ 13%. Brand Resonance Pyramid When analyzing the degree of brand resonance occurring in association with the Amazon brand, and comparing the results to the brand resonance pyramid model, it would appear at first glance that Amazon’s pyramid is well balanced, and that there is a great level of correlation between the rational side and the emotional side. What Amazon is trying to offer – delightful customer experiences – is perceived by its customers and transferred to their imagery and feelings about brand Amazon. Amazon has been trying to build trust with its customers through having product reviews, personalizing shopping experiences via customer tracking and email campaigns and various partnership programs. In return, all efforts have mostly paid off. Customers see Amazon as a secure, trustworthy and likeable brand – the strongest associations aligning with the rational component of brand resonance. However, based on our own survey of consumer perceptions on Amazon, we found 28 Amazon Brand Audit BUS 343 that the right side – the emotional portion of brand resonance – may not be as strong as we originally thought. Based on our results, as well as data retrieved from other online research by companies such as Interbrand and Deloitte, it would seem that consumers will choose Amazon first for shopping online, but they don’t claim that they are loyal to the brand. In other words, Amazon customers may act loyal, but they don’t feel loyal; a majority of the resonance experienced by Amazon customers revolves around the performance aspect of the brand. This may put Amazon in a vulnerable position when facing future competition. Amazon needs to put more efforts in terms of building its customer community. Our recommendations will reflect on this point in later sections of this paper. In addition, the pyramid is strongly built from the bottom salience to the top. There is a high repeat purchase rate and high customer advocacy rates for brand Amazon. Amazon has successfully linked its services/products attributes and the imagery/feeling associated with shopping on Amazon. 29 Amazon Brand Audit BUS 343 Competitive Analysis Amazon faces a staggering amount of competition both directly and indirectly, given its market share across multiple industries. A very wide offering of products and multiple brand extensions place Amazon competitively in industries involving web & data services (B2B, B2C), consumer technology, multimedia hosting and streaming, booksellers, catalog-based retail, and more. Amazon’s direct competitors - as posited by company data reporting companies like Hoovers Inc. and Yahoo! - mainly consist of Walmart, Barnes & Noble, and Apple Inc. Indirectly, there are many more competitors in various product and service categories, but two prominent companies are Google and Netflix. Internationally, Amazon could face future 30 Amazon Brand Audit BUS 343 competition from other e-commerce companies like Tmall.com, located in China. The following analyses break down each of these competitors in more detail. Direct Competitors Walmart - Large-scale retail services Barnes & Noble - Catalogues and orders for books, ebooks. Apple - Personal electronic media devices Walmart Walmart was founded in 1962 by Sam Walton, and from the very beginning was positioned as a general goods retailer designed with the consumer’s best interest in mind. Walton’s plan to generate higher volume sales at a lower profit margin, while passing on the savings to customers through low prices, resulted in rapid growth. By 1970 Wal-Mart was officially incorporated with more than 30 stores across the U.S.A. and generating more than $30 million worth of sales. To this day, over 50 percent of Walmart – now posting sales in the billions – is privately owned by the Walton family. Much like Amazon, Walmart operates on building a strong, lasting relationship with the average consumer, but through uniquely low prices and a wide offering of consumer goods. Walmart’s positioning is made clear in their company slogan: “Save Money. Live Better.” , which is blazoned inside and outside brick & mortar stores, on reusable shopping bags, and in their television, print, and online advertisements. Walmart’s competitive pricing strategy sets the company apart from many other valuefocused retailers. Walmart also owns and operates stores targeted towards different segments of consumers, including Sam’s Club, Walmart Discount Stores, and Walmart Supercenter. Through 31 Amazon Brand Audit BUS 343 a complex and carefully monitored logistics plan, Walmart succeeds in delivering convenience and value to their customers at their physical store locations. Barnes & Noble The first operating form of the Barnes & Noble bookstore was founded in 1886 as Arthur Hinds & Company. Over time ownership shifted between family, and then between businessmen, and it was Leonard Riggio in the early 1970’s who restructured and thereby founded the current Barnes & Noble brand. It soon after became officially known as “The World’s Largest Bookstore.” It went on in 1974 to be the first bookstore to advertise on television, and later, the first bookseller in the U.S. to discount books. Continuing the trend of innovation, Barnes & Noble more recently launched an online catalog and website for selling books, breaking into the e-book product category and further establishing itself as a book & related media superstore. Barnes & Noble is positioned as the largest bookseller in the United States, as well as a “superstore” for books and media. The company has aligned its brand well with students, who benefit from discounts on textbooks and related materials. Brick & mortar locations feature a warm and comfortable setting, many with a Starbuck’s cafe attached, promoting a sense of personal space and making customers feel at home, thereby connecting with consumers on a deeper level. Barnes & Noble offers a wide range of media, ranging from books and cd’s to its Nook ereader. The company originally used print catalogues to showcase their product selections and discounted items, but now relies on the popularity of online catalogues for a large portion of its sales. Brick & mortar locations work in tandem with the Barnes & Noble website and online store to establish the company as a market leader in the bookselling and mail-order industry. 32 Amazon Brand Audit BUS 343 Apple Founded in April of 1976, Apple started out with the mission to build and sell personal computers. Their first product was a motherboard called the Apple I, followed by the Apple II which featured an open programming architecture and unprecedented color graphics. The startup grew rapidly at a rate of around 700% during the first 5-6 years of operation. In 1984 Apple released the Macintosh personal computer, which sold well and established Apple as a market leader in the personal computer industry. In recent years Apple has expanded into other consumer electronics product categories, having creating the immensely successful iPod music player, iPhone smartphone, and the iPad tablet computer, all the while continuing its powerful line of Mac computers and software. From the very beginning, Apple has associated itself with innovation and uniqueness. The Apple I-III series of computers challenged the technological styling of IBM and other computer makers at the time, and established the Apple brand as imaginative and revolutionary. This identification was communicated in their former slogan “Think Differently,” which as featured prominently on images of revolutionary figures from history like Pablo Picasso, Albert Einstein, and Nelson Mandela. Apple has embraced and maintained their image of being unique and continues to promote it across their product lines, effectively passing on feelings of belonging and uniqueness to their customers. Apple has maintained a strong, consistent design for all of its products and store locations: smooth texture, rounded edges, prominent logos, minimalist features, and pristine cleanliness. Such consistency is also present in their website and advertisements, ultimately creating a gestalt to strongly establish Apple’s brand image in consumer minds. Apple’s flagship product offerings are the iPhone, iPod, iPad, and Macbook laptop series. All of these products 33 Amazon Brand Audit BUS 343 are sold in their brick and mortar locations called the “Apple Store,” located in most metropolitan hubs. Indirect Competitors Google - Search engine, web & data management eBay - Online retailer Google Google was founded in 1998 with its flagship offering being a search engine. In time, the company incorporated advertising based on certain keywords, which became Google’s primary source of revenue. They built upon their search engine by patenting their PageRank service in 2001 which further allowed for search-based advertising. Recently, Google has expanded into the web services category, offering cloud storage, website management, analytics management, and global positioning navigation. Much of Google’s image is influenced by their company motto, “Don’t be evil.” It succinctly sums up Google’s values: friendly, good-natured, and responsible. Through their colorful, minimalist search engine website and logo, Google associated their brand with imaginative thought and being connected to everything. Google has become a much more prominent company after expanding into the web services industry. It’s Google Analytics service is one of its most widely used services, building off of the brand’s experience with keyword and search-based advertising. By offering storage and data management programs to consumers, Google has resonated in consumer minds as a brand that is efficient, convenient, and helpful. eBay 34 Amazon Brand Audit BUS 343 eBay started as an online auction site in 1995, succeeding quickly in part due to the dotcom bubble. While the auction site originally started as a side hobby for its founder, Pierre Omidyar, heavy traffic and usage prompted him to turn the site into a full-on business operation and start charging users. eBay had reached two million auctions only two years later (1997), and in 1998 the company went public, making the founder and President of eBay instant billionaires. More recently, eBay has incorporated more straightforward shopping options, and now allows users to bid and sell a variety of items from laser pointers to cars. Despite its origins as a hobby site, eBay was created with the idea that as a platform it could facilitate a perfect market, or at least a more ideal market determined by consumers who bid on various items. This idea of perfect and revolutionized commerce is what has positioned eBay as a prolific auction site. By giving consumers power over what prices are set on which items, and when and where they can sell them, eBay passes on the value of ideal commerce, suited to a consumer’s respective tastes. This positioning is further reinforced by eBay’s acquisitions, which include a variety of innovative technology startups focused on influencing or aiding in commercial behavior, such as PayPal, StubHub, and Craigslist. These services give more control to consumers in making purchase decisions online, thus driving eBay’s brand image of leading the way into the next generation of commerce. Other Indirect Competitors Yahoo! Microsoft IBM Facebook 35 Amazon Brand Audit BUS 343 Netflix Hulu Target Kmart Sears Etc. International Competitors Alibaba Group - e-commerce, C2C, B2C, and B2B platforms (China) Shop Direct Group - multi-brand online retailer (U.K.) Otto GmbH & Co KG - e-commerce (Germany) Tmall.com Tmall.com was first introduced in 2008 as a B2C e-commerce platform focused more on brand-name goods and improved shopping experience, rather than independent vendors or C2C goods. The site was originally owned and launched by Taobao, a specifically C2C online shopping platform, which was owned by the even larger Alibaba Group. in 2011 Tmall.com became its own operation, and since then has carried products of a wide range fo brands, inclusing Adidas, P&G, Lenovo, and Samsung. The site has also battled counterfeiters and received consumer backlash for raised prices. Neverheless, Tmall.com holds onto roughly 50% market share in the Chinese B2C space. While operating mainly in China, Tmall.com is positioned to compete heavily with other e-commerce companies like Amazon.com. Tmall offers buyers the chance to instant message or chat with sellers and their customer service teams prior to their purchase, establishing the Tmall brand as on that is closely associated with personalized customer service. Tmall is also 36 Amazon Brand Audit BUS 343 positioned as all-encompassing brand, offering products in a wide array of categories from furniture to consumer electronics. Tmall.com currently serves customers in mainland China and surrounding geographic areas. While not heavily involved in international markets, Tmall.com - and its owner company, Alibab Group - has experienced growth and revenues rivaling that of U.S. companies like Amazon and eBay. STRATEGIC REVIEW & RECOMMENDATIONS Positioning Amazon has successfully secured a strong placement in consumers’ minds by providing an easy-to-use shopping platform and highly-attentive customer service, as well as driving innovation in e-commerce and distribution strategies. As a result, the Amazon brand is strongly associated with convenience, reliability, warmth, and customer-centricity. The Amazon brand has established a feeling of trust between consumers and the company, leading to consistent brand resonance and repeat purchases from a large number of consumers. Points-of-Parity Amazon has much in common with other online and physical retailers, such as valuebased pricing, wide selection of product categories, and a focus on customer experience (i.e. Walmart, Barnes & Noble). The Amazon brand also shares many similarities with technology companies, like media distribution, tablet devices, and web services (i.e. Apple, Google). All of these companies devote much of their energy to creating a unique customer experience and providing good prices on a wide variety of goods, and they are often among the first choices of consumers in the online retail and media device shopping categories. 37 Amazon Brand Audit BUS 343 Points-of-Difference Amazon stands out from their competitors primarily with their intimate level of customer service, offering a highly-personalized shopping experience and incredibly fast and genuine assistance from customer support. The brand also stands out due to its focus on innovative solutions using technology, such as using robots in distribution centers and drones to deliver packages, all with the goal of getting the product to the customer faster. By communicating the reliable and friendly nature of their brand through their “smile” logo, careful advertising, and direct customer service, the Amazon brand has risen to the forefront of consumer minds. Brand Mantra: “Customer-Centric, Innovative Solutions” Points-of-Parity Points of Difference e-commerce Customer relationships Digital media Innovative technology Innovative image EC2 Value-based Pricing Prime membership Customer focus Wide brand portfolio Brand Mantra From the very beginning, Amazon has leveraged technological innovation to provide convenient, quality service to its customers. Amazon has continued to stay ahead of the curve with innovative solutions, all with the customer’s best interest in mind. In doing so, the brand has created a culture of customer-centricity and revolutionary ideas, spread across all of its 38 Amazon Brand Audit BUS 343 acquisitions as well. For these reasons, a fitting brand mantra for Amazon might be: “CustomerCentric, Innovative Solutions.” Tactical Recommendations Having taken all aspects and analyses of the Amazon brand into consideration, there are many conclusions about the company's strategic approach that can be made. The following sections describe the strategic and tactical recommendations we have made based on our research and close inspection of the Amazon brand. Bolster Brand Image and Feelings Perhaps the most significant and pressing issue in regards to Amazon’s brand management is the way consumers feel about the brand. This audit has posited that consumers tend to resonate on the performance aspect of the Amazon brand; its reliability, trustworthiness, and ease-of-use. What occurs as a result is false brand resonance: behavior like repeat purchasing is present, but the emotional attachment is not. It would be in Amazon’s best interest to leverage their existing connections to customers to communicate more on the emotional side of the brand, as well as improve their current social media approaches to embrace a more emotional-focused approach – currently most of Amazon’s social media efforts are purely promotional. If Amazon can secure the emotional attachment to their brand, they can count on strong long-term success. Anticipate Back to Basics There is a discernable pattern among growing companies in the United States: that after a period of exponential growth a brand can become overextended and thereby suffers in the 39 Amazon Brand Audit BUS 343 market. The best course of action tends to be a “back-to-basics” approach for these companies, spurring recovery of brand equity. Amazon has experienced a huge amount of growth, and has extended their branding across a very wide range of product categories, like computer accessories, web services, household items, clothes-hangers, media devices, and groceries. It can therefore be argued that, having observed clear growth and extension within the Amazon brand and considering the precedent of other companies, Amazon may want to prepare for a “back-tobasics” approach in the near future. Expand into Smartphones & Tablets This idea would seem to be supported by existing rumors, but it could be in Amazon’s best interest to extend their brand into the smartphone and tablet product categories. Usage of smart devices is trending among different demographics of U.S. and international consumers, and roughly 74 million users were recorded as visiting Amazon sites via a mobile device or mobile app. Based on Amazon’s unrelenting focus on customer experience and technological innovation, the brand could effectively be used as leverage to successfully penetrate the smartphone and tablet markets, as well and generate significant returns on investment in terms of both finances and brand equity. Re-Position Internationally As demonstrated in the competitive analysis section, foreign e-commerce compaines like Tmall.com could be quite formidable competitors for Amazon if they were to enter the global market. When considering the particular possibility of Chinese companies entering global markets, Amazon may want to study such companies to determine potential points-of-parity and 40 Amazon Brand Audit BUS 343 points-of-difference, and strategize for preserving their brand’s share in the e-commerce market in the future. Consider Consolidating Brand Extensions While many of Amazon’s extensive product and service offerings have experienced a healthy amount of profitability and success, the company also runs the risk of diluting its brand value by overextending their brand and offerings. Many of the services offered by Amazon can be considered to be unheard of in the minds of some consumers, and what seems to be a B2B focus on the part of Amazon could lead to more expansions of its brand, as well as more risk. Amazon may want to seriously consider evaluating its brand portfolio and trimming the fat to ensure its brand does not become weakened by overextension. CONCLUSION Amazon has associated its brand strongly with customer-centricity, convenience, and innovation. Such associations have been reinforced by its wide range of product and service offerings, which are all designed to give customers a genuinely better experience. Though this brand audit has identified some potential issues – mainly regarding weak emotional resonance, overextension, and oncoming competitors – the Amazon brand is strongly positioned in markets and in minds, and stands capable of leveraging its many sources of brand equity to correct such issues. Such source of equity include channels of direct communication with existing customers, high levels of repeat usage and awareness, and the strong association between Amazon and reliability. 41 Amazon Brand Audit BUS 343 Time will tell whether or not Amazon will decide to act on the issues identified in this brand audit, but according to our analysis and evaluation of the Amazon brand, the sooner they act, the better off the brand will be in terms of strong resonance with consumers. 42 Amazon Brand Audit BUS 343 APPENDIX TIMELINE OF EVENTS (2010-2013) 2013 September Introduces Kindle Fire HDX Introduces New $139 Kindle Fire HD Announces Mayday Button - Revolutionary On-Device Tech Support Announces Fire OS 3.0 “Mojito” Introduces 6th Generation Kindle Paperwhite Introduces “Kindle Matchbook” August Launches Mexico Kindle Store Prime Instant Video Greenlights Original Children’s Pilot Maker Shack Agency Amazon Launches Mobile Associates API Introduces Amazon Art Amazon Instant Video Wins Technology & Engineering Emmy Award July Amazon Creates More Than 5,000 New Jobs Across U.S. Fulfillment Network Announces Second Quarter Sales up 22% to $15.70 Billion Introduces “The Kindle Singles Interview” Amazon Publishing Launches Jet City Comics June Announce Best Books of 2013 43 Amazon Brand Audit BUS 343 Announces Amazon Birthday Gift Introduces Amazon Storyteller May Announces Login with Amazon Amazon Appstore for Android Open in Nearly 200 Countries Worldwide Amazon Publishing Introduces “Kindle Worlds” Amazon Web Services Achieves FedRAMP Compliance for AWS GovCloud (U.S.) and All U.S. Regions April Amazon Web Services Announces Launch of Certification Program for AWS Cloud Computing Professionals Announces First Quarter Sales up 22% to $16.07 Billion Introduces 50+ Active and Healthy Living Store March Acquires Goodreads Launches Kindle Fire HD 8.9” in Europe and Japan February Announces Entertainment Collectibles Store Amazon Web Services launches AWS OpsWorks Introduces Amazon Coins Amazon Cloud Player Available in Ford SYNC Applink-equipped Vehicles January Announces Three Fulfillment Centers in Texas Announces Fourth Quarter Sales up 22% to $21.27 Billion 44 Amazon Brand Audit BUS 343 Announces Acquisition of IVONA Software Announces its Third Fulfillment Center in California Amazon MP3 Store Makes 22-Million Song Catalog Available to iPhone and iPod touch Users for the First Time Introduces “Amazon AutoRip” Opens Fulfillment Center in Robbinsville 2012 December Announces For the Eighth Consecutive Year, Amazon Ranks #1 in Customer Satisfaction During the Holiday Shopping Season Amazon Web Services Introduces New Amazon EC2 High Storage Instance Family Prime Instant Video Greenlights Six Original Series Pilots for Production Announces Kindle Available From Livraria da Vila And Pontofrio.com.br Announces Fulfillment Center in DuPont Launches Friends & Family Gifting Introduces “Kindle FreeTime Unlimited” AWS Marketplace Announces Support for Software Running on Microsoft Windows® November Amazon Web Services Announces Amazon Redshift Announces Worldwide Kindle Device Sales More Than Double Last Year’s Record Over Holiday Shopping Weekend Launches Video Gift Cards Introduces Amazon Wine October Announces Third Quarter Sales up 27% to $13.81 Billion 45 Amazon Brand Audit BUS 343 Introduces “Kindle for Windows 8” Announces Whispercast for Kindle Amazon Studios Options First Novel September Amazon Web Services Launches Reserved Instance Marketplace Introduces “X-Ray for Movies” Amazon Publishing Introduces Kindle Serials Introduces the New Kindle Fire HD Family Introduces the New Kindle Paperwhite August Amazon Web Services Announces Amazon Glacier Launches Textbook Rental July Announces Second Quarter Sales up 29% to $12.83 Billion Amazon Web Services Introduces New Amazon EC2 High I/O Instance Type Introduces GameCircle Introduces Game Connect June Opens Portal for International Mobile App Distribution Amazon Publishing Acquires Avalon Books May Amazon Studios to Develop Original Comedy and Children’s Series for Amazon Instant Video Amazon Web Services Launches Dynamic Content Support in Amazon CloudFront 46 Amazon Brand Audit BUS 343 Amazon Web Services Announces First Global Customer and Partner Conference: AWS re: Invent 2011 December Amazon Web Services Launches Brazil Datacenters for Its Cloud Computing Platform Introduces KDP Select Amazon Publishing to Acquire Marshall Cavendish US Children’s Books Titles November Introduces The Kindle Owners’ Lending Library October Announces Third Quarter Sales up 44% to $10.88 Billion September Introduces Amazon Silk Introduces Kindle Fire, Kindle Touch and Kindle Touch 3G Kindle Books Available at Thousands of Local Libraries August Amazon Web Services Announces Global Rollout of Amazon Virtual Private Cloud (Amazon VPC) Introduces Kindle Cloud Reader July Announces Second Quarter Sales up 51% to $9.91 Billion Endless.com Announces International Shipping to over 50 Countries Worldwide 47 Amazon Brand Audit BUS 343 AT&T to Sponsor Kindle 3G June Launches AmazonLocal John Locke Becomes First Independently Published Author to Join the "Kindle Million Club" May Announces MYHABIT.COM Amazon.com Now Selling More Kindle Books Than Print Books April Announces Fourth Quarter Sales up 36% to $12.95 Billion Announces Amazon Deals App Acquires LOVEFiLM International Limited March Introduces Amazon Appstore for Android Introduces Amazon Cloud Drive, Amazon Cloud Player for Web and Amazon Cloud Player for Android February Amazon.com Announces Prime Instant Videos, a New Benefit for Prime Members Amazon Web Services Introduces AWS CloudFormation January Announces Fourth Quarter Sales up 36% to $12.95 Billion Announces Amazon Deals App 48 Amazon Brand Audit BUS 343 Acquires LOVEFiLM International Limited 2010 December Announces $175 Million Investment in LivingSocial Announces Kindle for the Web November Launches Amazon Studios Introduces Price Check by Amazon Launches Amazon.it (Italy) October Announces Third Quarter Sales up 39% to $7.56 Billion Acquires BuyVIP.com Introduces Heidi Klum for New Balance Collection Endless.com Launches Jewelry Category September Introduces Amazon Mom Program Launches Kindle for the Web August Announces "Your Kindle Commercial Contest" July Announces Second Quarter Sales up $41% to $6.57 Billion 49 Amazon Brand Audit BUS 343 Announces new generation Kindle June Launches Wheels Store Announces IMDB Everywhere initiative May Announces Shopping App for iPad Introduces Kindle for Android Launches Amazon WebStore April Announces Kindle App for iPad Announces First Quarter Sales up 46% to $7.13 Billion March Introduces Kindle for Mac February Announces Kindle for BlackBerry January Introduces Kindle DX with global wireless Announces Fourth Quarter Sales up 42% to $9.5 Billion 50 Amazon Brand Audit BUS 343 Survey Results The following survey was created by this group and administered to individuals within our own personal networks and on Knox College campus. Sent out through Surveymonkey.com, we received 88 responses over the course of two weeks. While not explicitly designed to industry standards, the results still appeared to yield significant trends or implications regarding consumer behavior and preferences. The results are as follows: 51 Amazon Brand Audit BUS 343 “Amazon” = 55 “eBay” = 20 “Target” = 13 “Walmart” = 10 *Many respondents entered multiple answers 52 Amazon Brand Audit BUS 343 53 Amazon Brand Audit BUS 343 *This displays only a segment of responses 54 Amazon Brand Audit BUS 343 55 Amazon Brand Audit BUS 343 56 Amazon Brand Audit BUS 343 Links and References History http://phx.corporate-ir.net/phoenix.zhtml?c=176060&p=irol-Mediakit_pf http://www.gamesindustry.biz/resources/directory/company/amazon http://techcrunch.com/2012/09/09/the-future-of-amazon-ambitious-diverse-and-expansve/ http://www.amazon.com/Careers-Homepage/b?ie=UTF8&node=239364011 http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol-reportsAnnual Amazon Strategies http://phx.corporate-ir.net/phoenix.zhtml?c=176060&p=irol-news&nyo=0 http://prezi.com/cufd6_g-yghq/copy-of-amazon-marketing-strategy/ http://www.interbrand.com/en/best-global-brands/2013/Amazon http://www.slideshare.net/hetmavani/amazon-brand-management http://www.slideshare.net/faberNovel/amazoncom-the-hidden-empire http://www.slideshare.net/nik123hil/brand-management-study-of-amazon?qid=ea651629decc-4dbd-9a2e-3a96fd8b31b0&v=qf1&b=&from_search=1 http://www.slideshare.net/Puja79/business-strategy-amazon-puja-mishra http://www.smartinsights.com/digital-marketing-strategy/online-business-revenuemodels/amazon-case-study/ http://mobile.businessweek.com/articles/2013-10-10/jeff-bezos-and-the-age-of-amazonexcerpt-from-the-everything-store-by-bradstone?utm_source=Triggermail&utm_medium=email&utm_term=10%20Things%20In%20T ech%20You%20Need%20To%20Know&utm_campaign=Post%20Blast%20%28sai%29%3 A%2010%20Things%20You%20Need%20To%20Know%20This%20Morning%20In%20Te ch 57 Amazon Brand Audit BUS 343 http://www.asiamarketresearch.com/columns/market3.htm Charts and Statistics http://www.statista.com/statistics/216657/market-capitalization-of-us-tech-and-internetcompanies/ http://www.statista.com/statistics/287961/e-commerce-revenue-share-of-leading-e-retailersworldwide/ http://www.statista.com/statistics/200626/percentage-of-visits-to-top-retail-websites-oncyber-monday/ http://www.statista.com/statistics/244013/share-of-global-b2c-e-commerce-sales-in-northamerica/ http://www.statista.com/statistics/209331/largest-us-internet-companies-by-market-cap/ http://www.statista.com/statistics/255219/tablet-usage-by-brand/ http://www.statista.com/statistics/269934/the-worlds-25-most-valuable-brands-by-brandequity/ http://www.statista.com/statistics/264875/brand-value-of-the-25-most-valuable-brands/ http://www.statista.com/statistics/236751/brand-equity-of-e-reader-brands-in-the-unitedstates/ http://www.statista.com/statistics/223101/e-reader-ownership-in-the-us-by-device-type/ http://www.statista.com/statistics/243735/number-of-unique-visitors-to-leading-ussmartphone-properties/ Communication http://chevrontoxico.com/about/amazon-watch-campaign/ http://www.forbes.com/sites/groupthink/2013/09/24/6-things-online-retailers-can-learn-fromamazon/ 58 Amazon Brand Audit BUS 343 http://www.smartinsights.com/digital-marketing-strategy/online-business-revenuemodels/amazon-case-study/ http://www.marketingplan.net/amazon-com-marketing-strategies/2/ http://blog.hubspot.com/blog/tabid/6307/bid/21729/3-Marketing-Lessons-From-Amazon-sWeb-Strategy.aspx http://blog.getvero.com/6-lessons-you-can-learn-from-amazons-killer-email-marketing/ http://www.geekwire.com/2013/jeff-bezos-explains-step-amazons-strategy-hardest-coolestpart/ http://www.youtube.com/watch?v=PFYHF1w8w3g http://www.chrisnosal.com/the-secret-amazon-marketing-strategy/ http://www.businessweek.com/innovate/content/apr2010/id20100412_520351.htm http://money.howstuffworks.com/amazon.htm Competitive Landscape http://finance.yahoo.com/q/co?s=AMZN+Competitors http://www.hoovers.com/companyinformation/cs/competition.Amazoncom_Inc.ef53c3d095de033c.html http://www.ebayinc.com/who_we_are/one_company http://ebay.about.com/od/sellingeffectivel1/a/Ten-Reasons-To-Choose-Ebay-Over-AmazonFor-Selling.htm http://www.barnesandnobleinc.com/our_company/history/bn_history.html http://corporate.walmart.com/our-story/history/ https://www.apple.com/about/ http://extras.denverpost.com/books/chap0411h.htm http://www.google.com/about/company/ 59 Amazon Brand Audit BUS 343 International http://www.marketingweek.co.uk/news/brand-audit-amazon/4006645.article http://www.theguardian.com/technology/2014/feb/12/lush-trademarks-cosmetics-amazonchristoper-north http://www.internetretailer.com/2013/01/29/amazons-asia-strategy-be-patient Products & Services http://www.fastcompany.com/1379759/amazon-basics-branding-advice-jeff-bezos-11marketing-experts http://www.adweek.com/news/technology/amazon-unveils-brand-pages-145368 http://apparel.edgl.com/news/Brand-Strategy-at-Amazon-com62944 http://management.fortune.cnn.com/2012/11/16/jeff-bezos-amazon/ Future & Innovation http://www.wired.com/business/2013/01/amazons-future-not-selling-stuff/ http://www.nbcnews.com/news/us-news/jeff-bezos-tells-amazon-customers-expect-homedelivery-drones-v21710134 http://www.nbcnews.com/tech/innovation/what-if-amazon-delivery-drone-crashes-me-6other-key-f2D11673677 http://www.linkedin.com/today/post/article/20130219143928-29478030-will-sales-taxesdrive-amazon-customers-away http://www.internetretailer.com/2014/01/20/amazon-adds-mind-reading-its-bag-tricks http://www.internetretailer.com/trends/e-retailers/ http://voices.yahoo.com/amazon-looking-beyond-online-marketing-communications3178239.html http://richmackey.com/2012/11/a-lost-opportunity-to-demonstrate-brand-personality/ 60 Amazon Brand Audit BUS 343 https://www.youtube.com/watch?v=6KRjuuEVEZs 61