Amazon Inc. deals in e-commerce, artificial intelligence, cloud computing, and digital streaming
Amazon Inc. is a technological organization that deals in e-commerce, artificial intelligence, cloud computing, and digital streaming. It is solely internet-based as it sells different types of merchandise online as well as renting out computer resources (Moore & Rotolo, 2019). The business case for Amazon is to improve customer experiences and obsessions through the use of the internet and other technological features. Additionally, the company seeks to empower businesses and create employment through the delivery of services and goods.
The primary benefit of Amazon Inc. is that it enables individuals to buy whatever they need since it is an aggregate store. The purchased items are delivered at the stipulated time without fail. The management for this company also reaps a handful of benefits, which include medical coverage, paid leave even on holidays, financial security through a savings plan, discounts on commodities bought from the online shop, and provision of resources to enhance employee welfare.
The program has its headquarters in Seattle, Washington, where the corporate offices are located. Jeff Bezos, who is the instigator and CEO, has enabled the Amazon program to grow in all aspects as he implements the theory of transformational leadership (Berg & Knights, 2019). Amazon’s budget keeps changing in each fiscal year. Financial management strategies that the company has enacted include budgeting based on customer metrics. This means that the company only acts on an idea if it impacts customers positively.
Amazon is keen to engage its stakeholders that it, the customers, employees, and comminutes. Maintaining corporate social responsibility has enabled the interests of each stakeholder to be met; hence Amazon has been able to maintain its high ranking as an online retail organization. Communication management in the company is handled with much precision to ensure that information that is disseminated is consistent hence promoting public relations.
References
Berg, N. & Knights, M. (2019). Amazon: how the world’s most relentless retailer will continue to revolutionize commerce. New York: Kogan Page Ltd.
Moore, S. & Rotolo, A. (2019). Amazon. Minneapolis, Minnesota: Abdo Publishing.