Amazon Inc Research Paper Example | Topics and Well Written Essays - 750 words

Amazon Inc - Research Paper ExampleIn its recent endeavors, the beau monde has been performing as a proven technology leader and has developed e-commerce innovations such as personalized shop services, I-click evidenceliness easy-to-use and otherwise browse features. The gild offers faster and safer credit transaction facility to its customers, and e4-mail communication with customers and direct shopping at competitive price worldwide (Amazon.com, Inc., 1998). The primary purpose of this paper is to identify Amazons current and coming(prenominal) challenges along with the requisite competencies needed for its success. Current and Future Challenges Amazon has been successful in satisfying its customers needs with lower prices, vast selection and speedy delivery facilities. Nevertheless, the company has been currently face up intense competition from other online book merchants, mainly due to ease in new entree and low level of switching costs in the industry. Furthermore, the challenges in the form of competition are pass judgment to increase in the future, making it more challenging for Amazon to achieve its goals and objectives. Notably, the security and privacy issues clear always been a matter for challenge for the online business companies like Amazon. Despite, the adequate level of security and other facilities provided by the company, many customers decipher reluctance for conducting transactions over the internet. Additionally, the rapidly changing e-commerce environment has offered the company to make constant changes in its strategies in order to grow and adapt to the changing environment. Along with these challenges, the paltry logistics and supply chain management has radically affected the ability of the company to earn substantial net (Singh & Waddell, 2004 University of Washington, 1998). Competencies Required For Success Over the years, the company has been able to meet the needs of its customers more effectively and efficiently, whic h has rewarded the company to establish itself as one of the worlds largest online retailers. However, the constant changes in the online business environment, along with increase competition has urged the company to focus on certain specific factors to strengthen its core competencies in order to retain its market position and attain success in the future. Hence, it can be argued that market orientation course is a crucial factor for modern management in the e-commerce sector. It is also essential for Amazon to objective lens the relevant needs of the targeted customers rather than emphasizing solely on the advancement of its technology approach. It is also evenly important for the company to capture the arising market opportunities after assessing the upcoming risks in an efficient manner. In this regard, it is susceptible that the goals and strategies framed by the company should be in consistent with SMART (i.e. Specific, Measurable, Achievable, Reliable and Timely). It is t hus unavoidable for the company to establish effective planning, monitoring and controlling of its activities. Furthermore, the company should conduct market analysis as well as competitors analysis at regular intervals in order to acquire potential arrest about the prevailing market trends and competitors strategies. The company should also involve in developing leaders for future and ensuring greater success with increased competencies of the future leader to deal with the challenges in the most efficient manner. Nonetheless,