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Essay on e commerce in india
Essay on e commerce market in india
The Importance Of E Commerce In India
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During the year 2015 Cloudtail was the biggest seller on Amazon’s India platform. It generated at least 40% of the company’s sales in key product areas in some months. Cloudtail is dominant in fashion & electronics sales. It is 2 of the 3 largest categories for Amazon India. In the year 2014, Infosys founder N.R. Narayana Murthy’s Catamaran Ventures & Amazon Asia jointly formed Cloudtail India inorder to sell various items such as Amazon merchendise, books, phones etc on Amazon.in under the seller name of Cloudtail as per Registrar of Companies i.e. RoC The Cloudtail India is a fully owned unit of Prione Business Services Private Limited. The Prione is owned by Catamaran Management Services Private Limited, acting trustee of Hober Mallow Trust (51%), Amazon Eurasia Holdings (1%) & Amazon Asia Pacific Resources Private Limited (48%). The Cloudtail, Prione also helps Amazon India by training sellers across the country & Sign-Up etc. Expansion of Cloudtail shows how Amazon has used the loopholes in the law in-order to have a Direct Selling Model in the country which bans the e-commerce companies from selling goods directly to the shoppers. The Amazon is shy about Cloudtail and its influence on Amazon is now under threat. The government allowed 100% FDI in online retail of good & services under the marketplace model. But it also …show more content…
Let’s say in small villages & remote areas where only few people have internet access. The customer can go to their local store & use the shop keeper’s internet connection to browse & select goods from Amazon.in. The shop keeper record their order & alert customer when their products are delivered to the store. They collect the cash payment & pass the money, minus a handling fee to Amazon. This arrangement intelligently patches the problem of conducting e-commerce in a cash economy. Also, the store owners report an increased in sales of their
History”, n.d.). But the unbelievable pace at which Amazon added new products and new customers proved to be a formidable barrier for any competitors. Within the first 10 years Amazon accomplished an unbelievable feat; it had 49 million customers and 6.9 billion dollars in revenue, and it had done so by selling some products at a loss to build market share (Rivlin, 2005). At times it was difficult leveraging so much capital to grow market share, but Jeff Bezos’ focus on the customer and long term growth of the company proved to be the real reason Amazon didn’t fall prey to the .com bust like so many other internet
Starting out as solely an online bookstore, Amazon has become the largest online retailer in the world.
Treanor, T.. (2010). Amazon: Love Them? Hate Them? Let's Follow the Money. Publishing Research Quarterly, 26(2), 119-128. Retrieved February 24, 2012, from ABI/INFORM Trade & Industry. (Document ID: 2377177581).
Amazon’s macro-environment is made up of six external factors: political, economic, environmental, technological, social, and legal conditions. These factors are important because they shape how the company operates and you must know each piece to be able to compete within the retail and eCommerce industry. An evolving political factor are the efforts the government has made toward punishing offenders of cyber-crime. This kind of thief wasn’t walking into your store, but hacking into your computer. This type of crime wasn’t possible before the internet. The government has started to take these crimes more serious as technology evolves. Technology is a factor that Amazon.com must invest heavily in. They are reliant on having top of the line technology to survive against cyber-crime and to stay relevant in the tech world. ECommerce is everywhere now and competition is very high. This brings in legal conditions; Amazon must know what laws exist in which countries because they are a
Launched by Jeff Bezos, the Amazon.com website started in 1995 and is today considered as one of the most prominent retail website on the internet with a record turnover of US$ 14.87 billion in 2007. Jeff Bezos’s intention was to create an internet based company with the most dedicated product portfolio on the internet where customers could find anything they might want. Amazon’s success is based on technology, services and products (Jens et al., 2003).
“Google and “Amazon” were the original firms that provided cloud computing services. “Google and “Amazon’s” analysts said that cloud computing was “on-demand access to virtual information technology resources” (Budriene, Zalieckaite, 2012, p.119). The cloud is simple, it allows businesses to access IT resources over the Internet. Budriene and Zalieckaite (2012), says “Cloud computing is a new conceptual paradigm for business which combines into a single environment not only applications, architecture and business models, but a variety of professionals for performance of common business tasks in the Internet medium,” (p. 120).
Amazon has recorded a magnificent success in its business throughout the years that it has been in operation. It has attracted almost all people to use it when necessary. Amazon has built its success in business methodically and slowly. Amazon has made much success because of its ability to read market trends and diversify its operations. It started as an online book selling company. However, it changed its operations and started selling other products. Currently, many large retail shops use Amazon to host and power their websites, for instance, sears and virgin megastores. Amazon now attracts over fifty million visitors in a period of one month. Amazon has tried to make their services fit each individual user. It has based its services on the end user. It has shipping discounts, customer product reviews and a credit card with bonuses. It also has prime membership, product forums and 1-click ordering system among other services. The company has tried to make a remarkable experience for customers and visitors (Thomas, 2006).
Amazon.com was a venture into an emerging market of internet and had to face hidden and unexpected hurdles in order to survive and excel in the market. Therefore, Amazon.com kept modifying its strategies with their focus on enhancing customer experience of online shopping and to delivery exceptional services with complete convenience to their customers. One of the major strategic decisions was to compromise on cost saving stragegy when Amazon.com started to maintain its own warehouses in different countries in order to ensure timely and accurate delivery to their customers
According to Webb and Schlemmer (2008) the firm’s infrastructure related to Amazon.com is that they consist of having the utilisation of technology so that they can connect with services in worldwide locations which cut costs and investment. Customer data is stored in warehouses where details can be saved in their data banks, although there has been a case when customer data has been lost so it’s not too reliable (Webb and Schlemmer, 2008).
First off, Amazon is place as number 13 on the Forbes list of most valuable brands for 2015. The reason why Amazon
Legal Factors: Amazon is following legislative constraints and changes, such as health and safety legislation. Using a range of tools and techniques helps companies make fast decisions and remain competitive in the market. Here, we will examine some of the tools used by our chosen company: SWOT analysis, PESTLE analysis, and Porter's Five Forces analysis. As we can see, the SWOT analysis is an analysis of the micro-environment of the company, while PESTLE and Porter's Five analyses are from the macro-environment of our company. These analyses help the company be aware of the market, competition, and threats to the business.
Jeffrey Bezos, the founder and current CEO of Amazon.com, initially started the company as an online bookstore in 1994. Within several months, Amazon spread its operation to all 50 states and abroad. Presently, customers from over 45 countries buy at Amazon. Over a short period of time, the company expanded sales to electronics, video games, software, CDs, DVDs, MP3 downloads, food, furniture, apparel, jewelry, and toys. Today, the company even produces its own products such as the Kindle series. Also, Amazon.com is one of the major providers of cloud computing services. Currently, the company is the largest global online retailer responsible for 20% of online retail market share.
When Amazon.com first began in 1995, as strictly a book retailer, Bezos knew he had discovered an excellent company. After all, a physical bookstore cannot stock anywhere close to the number of books Amazon can offer online. Within a year, the company had a customer base of approximately 340,000 consumers and daily site visits were huge as well. But Bezos wanted to expand the company to offer music and DVDs, because he realized there was little or no barrier of entry. In the next years Amazon would emerge as a marketplace, expanding the company globally offering products from toys to kitchenware. Because of the relatively cheap prices Amazon was offering and also the growing number of online shoppers, the company was doing tremendous amounts of sales and creating profits.
From the consumer side, Amazon provides services like Amazon Prime, which delivers free two-day shipping on retail purchases, on-demand video streaming and a free access to the Kindle library, everything for an annual
Amazon model initially offered customers access to massive selection without the needs to incur cost, time and stress of opening warehouses and stores and the needs for inventory handling. Amazon realized to ensure customers get a pleasant experience and Amazon acquire its inventory at reasonable prices, they need to be in control of the transaction process from beginning to the end through operating the business from their own warehouses.