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A brief history of Amazon Inc
Brief history of amazon
A brief history of Amazon Inc
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. About the man who created Amazon.
Jeffrey Preston Bezos was born in New Mexico when his mother was just 17. Jeff never met his biological father. When Jeff was four, his mother married Miguel Bezos, an Exxon engineer from Cuba. The family moved to Miami, Florida, where Jeff attended high school.
From the beginning Bezos was something of a wizkid. He transformed the family garage into a makeshift laboratory where he conducted many experiments including a solar microwave, burglar alarm, infinity cube and countless others. In high school, Bezos fell in love with computers and was valedictorian of his class.
Bezos entered Princeton University to study physics, but soon returned to his first love, computers, and graduated with a degree in computer science and electrical engineering.
He was quickly recruited by several companies after his graduation, and eventually settled on Fitel, a start-up financial telecommunications firm. Bezos rose rapidly to the top, becoming an associate director just nine months after he was hired.
After two years Bezos left Fitel for Bankers Trust Company, where he oversaw the development of a program BTWorld – a software program that allowed the company's customers to check the performance of their pension plans.
It came as no surprise to anyone when Bezos became vice-president at 26, the youngest individual to do so. Soon after, Bezos joined D. E. Shaw & Co. as a hedge fund manager. Again, he quickly rose to the position of senior vice-president, and again at 28 Bezos became the youngest person in the company's history to attain such a high post.
In 1994, Internet commerce (e-commerce) was miniscule. One day in the spring of 1994, Bezos who was already crazy about computers observed that Internet usage was increasing geometrically and more and more people were getting excited about its astounding commercial possibilities. A few inventors were already trying to make use of the new technology. Bezos saw an opportunity for a new sphere of commerce, and immediately began considering the possibilities. The thought foremost in his mind: "What is it that users cannot get easily offline that will sell online?"
There were several congruent factors at play now. Internet usage was growing fast. PCs and laptops were exploding. People were hungry for information online. Payment mechanisms (albeit still with security problems) were falling into place. The government was supportive and wanted the Internet to be a driver of America's new economy as the smokestacks of Detroit declined.
7.Gregory Wester, Stephen Franco. The Internet Shakeout 1996. Interactive Commerce Research Bulletin. the Yankee Group, Boston, MA. December 1995
Aside from being CEO of Zappos.com, he is also the co-founder of Link Exchange and the general manager of Venture Frogs, LLC, which is an investment firm that invested in startups like Ask Jeeves, and of course, Zappos.com.
He soon landed a job selling software, and soon formed his own consulting business, called “MicroSolutions”. He soon became an expert in the field of computers, and had a intrest in building a smart profitable company. In 1990 he sold the firm to “CompuServe” for $6 million. Cuban and his business partner started Audio.net in 1995, because they wanted to be able to listen to the basketball games through their computers. They soon re named it Brodcast.com and it went public in 1998 and soon noticed it’s stocks reached $200 a share. A year later cuban and his partner sold out to yahoo for nearly $6
Steven Wozniak and Steven Jobs had been companions in secondary school. They had both been intrigued by gadgets, and both had been discerned as outcasts. They stayed in contact after graduation, and both wound up dropping out of school and landing positions working for organizations in Silicon Valley. (Woz for Hewlett-Packard, Jobs for Atari)(Company History)
He became the youngest CEO and Chairman of one of America's biggest and most respected companies (General Electric) at age 44, and successfully rewrote the rules of what an incredibly profitable and successful company should be, and had fun in the process.
Apart from its astonishing CEO, Amazon’s managers proved to be qualified for their positions in the company. Thomas J. Szkutak, the Chief Fina...
Steve Jobs was a genius of the modern age, he gave us tools to change our lives and the way we communicate. Steven Paul Jobs was born February 24, 1955 and was adopted by Paul and Ciara Jobs a few weeks after his birth. The family moved to San Francisco to a town called Mountain View, California where Steve grew up and found his passion for computer electronics. He quickly teamed up with with his neighbor Steve Wozniak (Woz) and realized they both shared a interest in computers which developed into a partnership. Starting from scratch, Jobs and Woz began putting together very basic computer mother boards that could be connected to a screen in their garage. Steve and Woz created Apple Computers which has grown to the largest and most successful computer company in the world and surpassing Bill Gates and Windows.
After he graduated from Princeton, Jeff joined a high-tech startup in New York called FITEL, which was building a network to facilitate international trade. After two years at FITEL, he joined Bankers Trust Company. At Bankers Trust, he setup computer systems that managed $250 billion in assets and eventually became the company's youngest vice president.
Apple’s business strategy under Steve Jobs was well executed. Apple was very cautious about the release of its mobile and tablets. Therefore, Jobs allowed long development cycles that encouraged anticipation and displayed new innovations with each release. A report showed that Steve Jobs strategy was to develop and sell brand new, innovative products of which blended art and technology to provide simple and streamlined user experience. This business strategy made Apple a booming company for smartphones initiating the launch of the first iPhone in 2007 (Apple Business Strategy Under Steve Jobs, n.d.).
The creation of (originally called) “The Facebook”, opened the doors for other creations such as Linken, Instagram and Twitter. What people might be surprised to know is that Zuckerberg was a child prodigy. Long before Facebook Zuckerberg was creating computer programs. At age 12 he turned his
“When he was 17, in 1989, he moved to Canada to attend Queen’s University and to avoid mandatory service in the South African military, but he left Queen’s University to study business and physics at University of Pennsylvania. He graduated with an undergraduate degree in economics” (Elon Musk
Although Steve and Bill are competitors, there are similarities between Steve Jobs and Bill Gates. Both of them are the most successful CEO’s in the world. Though they were college dropouts, but they still achieved a lot of success in their own way. Steve was a very innovative man. As the English proverb goes by “ Have no fear of perfection - you will never reach it.” by Salvador Dali. No matter how many times he failed, he could develop things from his own idea and turn them into a successful product. In 1979 Apple’s first product was introduced, people like it very much because of its simplicity and innovative ideas. Later on in year 1980, the company showed a tremendous performance, where its share rose by 32% (Messa, 1998). Similarly, Bill Gates was also like that, but just that Steve was in a company which makes hardware prod...
In one of the best “American Dream” stories known to this generation, Steve Jobs has built what he believed into a reality. Steve Jobs was born into a very simple life, but left it being one of the most innovative leaders of all time. Time and time again, he was able to rally his team to bring forth some of the best, and most exciting new items in my lifetime. One of the reasons behind this is due to his amazing leadership abilities that seemed to come so natural to him.
Jeff Weiner has been ranked amongst the top 50 CEOs by Glassdoor consecutively for the past 4 years (ranked No.1 in 2014). His humane management skills and charismatic nature has received praise across the industry. After his appointment as CEO of LinkedIn, not only has LinkedIn grown its employee base, but has successfully transformed from a start-up company into a public company in
Despite being dropped out of college Steve Jobs still managed to be one of the most important and successful technopreneur the world has ever seen, some may even say that he was the father of all technopreneurs. But it was not all bread and butter for Jobs in fact it was more like a roller coaster ride with constant up’s and down’s.