10 Facts About Amazon to Inspire your Company

 

 

Amazon is an American electronic commerce and cloud computing company based in Seattle, Washington that was founded by Jeff Bezos on July 5, 1994. The tech giant is the largest Internet retailer in the world as measured by revenue and market capitalization, and second largest after Alibaba Group in terms of total sales. The amazon.com website started as an online bookstore and later diversified to sell video downloads/streaming, MP3 downloads/streaming, audiobook downloads/streaming, software, video games, electronics, apparel, furniture, food, toys, and jewelry. The company also produces consumer electronics—Kindle e-readers, Fire tablets, Fire TV, and Echo—and is the world’s largest provider of cloud infrastructure services (IaaS and PaaS). Amazon also sells certain low-end products under its in-house brand AmazonBasics.

Amazon has separate retail websites for the United States, the United Kingdom and Ireland, France, Canada, Germany, Italy, Spain, Netherlands, Australia, Brazil, Japan, China, India, and Mexico. In 2016, Dutch, Polish, and Turkish language versions of the German Amazon website were also launched.Amazon also offers international shipping of some of its products to certain other countries.

Here are 10 things that not many people know about Amazon

1. Meaning of the logo

This logo is known as “the smile and arrow”. Look at the curved arrows in a smile on the Amazon logo. That’s “the smile and arrow”.
The philosophy behind the smiling arrow is “we are happy to deliver any item, anywhere”.
In a release, Amazon notes that the arc of the arrow shots stems from the letter “a” to the letter “z”, which means that Amazon.com sells what goods are sought by consumers when shopping online, from A – Z.

2. The figure behind amazon success

Jeff Bezos as CEO of Amazon

Jeff Bezos became one of the most influential figures in his company, because he managed to create Amazon.com and invest his money in many companies. Amazon inspires a lot upon how people buying and selling a product. Started from an online bookstore, the CEO calls it ‘Everything Store’, where people can shop for anything with the power of the internet. Jeff’s wealth is monitored through shares in Wall-Streeter even had time to exceed Bill Gates.

3. Reviews

The fundamental different of amazon upon a buyer is most Amazon buyers focusing on reviews. And they give an honest review on seller or the products they buy. That’s way people believe with the way of amazon.

4.Uses image recognition

Amazon uses image recognition technology in the form of applications, Flow, to facilitate shopping for its users. With Amazon Stream, users do not have to memorize their shopping list. Amazon Flow lets users take pictures using their phones, apps and camera phones. Groove is a standalone app and when integrated with Amazon apps, users can find products in Amazon and buy their products on Amazon without the need to type or scan barcodes.

5. Amazon is a workplace by more than 566,000 workers

Amazon is the second largest employer in the united states. Then how do they manage the employee with that huge amount?

Starting with maintaining good relationships between employees and management. Every morning, Amazon employees start the day by answering questions that appear on their computer screen.

The questions are usually related to the job, with topics ranging from their opinion of the manager to how long do they usually meet, or how many times do they receive positive feedback in the past week.

In several occasions, the questions arise are not even directly related to work such as how crowded the toilets are in the office.

The daily Q & A program is named Connections, and started to be implemented since April last year. This is one of the ambitious programs of Amazon’s HR unit to better understand employees, where now the number of Amazon employees is the second largest in the US reaching more than 566,000 people.

6. Workers get benefits and facilities

Here are the benefits and facilities obtained by Amazon employees:

– Full breakfast and free juice drinks every Monday

– Free snacks during working hours

– Have fun on Friday

– Reimbursement of transportation and transit costs for employees

– Sports facilities in the office and reimbursement of fitness costs by 25 percent

– Free shuttle transport service

– Tuition assistance for employees conducting advanced study

– Annual discount for all Amazon products

7. Before the name Amazon, it turns out the founder has another name for his company

In the early stages of Amazon, Jeff Bezos, his wife and Shel Kaphan, held their meetings in the local Barnes and Noble. Before the CEO and found Jeff Bezos landed on “Amazon” as the name of the e-commerce giant was a “Cadabra” (as in “Abracadabra”) and “never-stop.” However, his lawyers assured him that the “Cadabra” did not sound magical at all. In contrast, “Cadabra” sounds too similar to “corpse”. Although “endlessly” does not make a cut into a company name, Jeff Bezos likes his name enough to buy a domain name and now a website; endless com, redirected to Amazon. homepage com

8. Slightly more expensive

The survey was conducted by global marketing consultant Simon-Kucher and Partners, trying to compare the price range of books sold on Amazon to those sold in WH Smith, Blackwell, Alibris, Kenny, BookFellas, as a result it is slightly more expensive but does not affect the fanatics of consumers to continue doing transactions there.

9. Beginning of its development

The online store company based in Seattle, Washington, United States was built based on a very in-depth analysis of market. Bozes see enormous opportunities with the development of the Internet world that will occur in the future. And It’s proven now his company was very rapidly growing that time. Initially, Bozes specified there were 20 lists of names of goods to be marketed but then narrowed down to 5 only to be marketed and considered very profitable. The five products are books, computer software, video, computer hardware, and compact disc. Of these five lists Bozes finally decided to sell books online at first. At the beginning of sales on amazon.com this book is experiencing a rapid development because when it is open demand very much

10. Amazon managed to beat Walmart

For the activists of the online world and the development of several companies based on digital, of course no stranger to hear the name Walmart. A company engaged in retail and established since 1962 is already widely known, especially by the people of the United States. This company is the most important business that was founded by the family of entrepreneurs, namely Walton Family.

By 2015, the shocking world economy and business reach the ears of the world. It was rumored that Amazon had succeeded in defeating Walmart in terms of market capitalization. Standing as a retail company that was at the peak for decades, Walmart eventually collapsed as well. Amazon managed to establish a new position as the largest retail company in the United States.