Global strategy Essay Example | Topics and Well Written Essays - 2000 words

Global dodge - audition ExampleStatistics also show that approximately 47% of the companys sales were coming from the outdoor(a) markets beyond the US home business. The company had also diversified its business interests, and it sold nearly everything including, hardly not limited to books, digital music and jewellery. Despite its acclaimed success and impeccable international reputation, virago has undergone with a number of challenges, which have been weathered successfully and efficiently. Some of the challenges that have bedevilled the company over the geezerhood include the failing sh areholder attitudes and the current global financial crisis. The firm has continuously taken strategical decisions and actions geared towards sustainability and financial prosperity this has seen it grow with an edge above its rivals in the electronic trade industry. This root word will dwell on, among another(prenominal) things the dominant strategy-shaping economic and competitive charac teristics of Amazon, qualitative assessment of amazon.com by lend oneself of Porters five Forces model, critical success factors of amazon.com, and the SWOT analysis of amazon.com. What are the dominant strategy shaping economic and competitive characteristics of Amazon? Any business is obliged to meet its obligations to both the shareholders and consumers respectively, that is, it should be profitable as well as cater for consumer satisfaction needs. In this regard, Amazon, like any other business in the area, has such obligations to meet. Since its inception in the year 1995, the company has experienced tremendous harvest-feast that has long surpassed its primary goal of becoming the largest and best bookstore in the dry land. However, according to Amazons CEO Jeff Bezzo, it is up to others to determine if the Amazon has achieved its goal of being the most customer-centric company in the world (Stockport 2009, p.574). Amazon aims at providing consumers with their needs, introd ucing consumers to innovations and store personalization to cater for diverse consumer tastes and preferences. In order to achieve these goals, Amazon has select a number of strategies that act as a roadmap to economic prosperity and sustainability. Firstly, Amazon has adopted a three pillar strategy that comprises of selection, price and widget (Stockport 2009, p.575). The selection pillar entails offering a diversified range of products and services for instance, this includes retail products, software and cloud computing services. Under the price pillar, Amazon commits to price leadership with due regard for quality of products and services. For instance, the firm provides free transport to customers with expedient delivery. The convenience pillar dwells on ensuring customer satisfaction through the provision of relevant and effective goods and services. Amazon strives to rede customer needs and requirements through customer review and feedback reports on its products and serv ices. Amazons staff recruitment process has also been tailored to promote achievement of the companys primary goal (becoming the worlds most customer centric company). The company does not choose employees on the basis of their skills, only when rather on the basis of their need to meet customer needs and expectations. Bezzo argues that in the changing world, skills that are needed today may not be