JUSTINE GOLDBAS

Amazon Business Report

Founder, Chief Executive Officer and President of Amazon: JEFFREY PRESTON JORGENSEN (JEFF BEZOS​) January 12th 1964 Albuquerque, New Mexico

Family: Married: Mackenzie Tuttle 1993, Divorced 2019 Children: 4 Education: ​Princeton University (BSE) Major: ​Philanthropist Year active: ​1986- Present Net worth: U.S $105.2 Billion as of march 2020 Founding Amazon and Blue Origin

Introduction: ​Amazon is an online business that is known worldwide. Amazon started as an online business that sold only books founded July 5th 1994 by a man named Jeffery Bezos. Amazon became quickly known around the world. In 1998 Amazon began an online sale of music and videos, gaining more attention to people worldwide. As the years went by Amazon started selling electronics and household goods, outdoor materials and self care needs, etc. In 2017 Jeff Bezos became the first centi-billionaire. March 6th 2018 Amazon made a net worth of $112 billion making Jeff Bezos the wealthiest person in the world. The richest man in modern history after Jeff’s net worth increased to $150 billion in july 2018.

What makes Amazon great: ​What makes Amazon great is the focus they have on customers and what they want and what they need, Jeff Bezos has always said customers are always top priority. Business to Business is another way that Jeff Bezos has grown his Amazon business, this technique has allowed businesses from all around the world to create a contract with amazon to sell their products on amazon.com this would be considered e-retailing.

Goals of Amazon: ​The goals of Amazon is to ​"u ​ plift the worldwide standards for customer service and customer centricity, which has been achieved.

Biggest Threat to Amazon: ​The biggest threat of Amazon is ebay owned by Pierre Omidyar who has made a net worth of $2.6billion in 2020.

The main weakness of Amazon: ​The main weakness of Amazon is Imitable business model. Amazon needs to put a patient stamp on their business plan.

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