![]() ![]() The early 2000s sees the rise of Google, which threatens to disintermediate and out-innovate Amazon and make it a relic.But Amazon is on sounder financial footing than the analysts realize, and Amazon survives. Some analysts predict the death of Amazon, suggesting it will run out of cash within a year. Amazon raises over $1 billion at the height of the dotcom bubble and spends on acquisitions and investments.After conquering books, Amazon expands into music, DVDs, toys, and electronics.Bezos believes virtuous cycles (lower prices -> more customers -> more leverage on suppliers -> lower prices) will win the day. From the beginning, Amazon has customer centricity as its focus.Its sales grow exponentially, with $16 million in revenue in 1996 and $148 million in 1997. In July 1995, Amazon launches and rides the wave of the internet.They discuss the “everything store” - an intermediary between customers and manufacturers that sells every type of product worldwide, with unlimited shelf space on the Web.Shaw, Bezos is tasked with researching opportunities in the Internet. 1994: Bezos notices the Web is growing fast - the number of bytes increased by 2057x fold from the previous year, outpacing other internet technologies at the time, like ftp and gopher.The book also covers a number of Amazon and Bezos’s management techniques. ![]() ![]() The Everything Store is the story of Amazon, from its founding by Jeff Bezos as an online bookstore to its rise as a commerce giant. 1-Page Summary 1-Page Book Summary of The Everything Store ![]()
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