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Jeff Bezos was born in Albuquerque, New Mexico on January 12, 1964. His birth name was actually Jeffery Preston Jorgensen; it is believed that he changed it to honor his stepfather. His parents’ names were Jacklyn and Ted Jorgensen. At the age of four years old is mother remarried a man by the name of Miguel Bezos. At the time his mother was only a teenager and her previous marriage had only lasted a year. Jeff Bezos was moved to Houston Texas, where Miguel became an engineer for Exxon. Miguel even though claiming to be a Cuban immigrant was a very intelligent man, who came from a family of intelligent people. Miguel’s grandfather was the regional director of the US Atomic Energy Commission in Albuquerque, New Mexico. His grandfather later had an early retirement to a ranch located in Southern Texas. This ranch was the place of many memories for Jeff Bezos, since many summers of his life were spent there. As a child he attended the school River Oaks Elementary School in Houston from the 4th to 6th grade. As a child Bezos showed great intelligence, around the age of 9 years old he rigged an electric alarm to keep his younger siblings out of his room.
While about to enroll in high school his family moved to Miami, Florida, there he attended Miami Palmetto Senior High School, this is where he would become the valedictorian and give is famous valedictorian speech saying that “space hotels, amusement parks and colonies for 2 million or 3 million people orbiting the Earth,” are things that he would someday develop. An interesting fact is that while in high school he attended the Student Science Training Program at the University of Florida, here he received, The Silver Knight Award of 1982.
After High school he attended Princeton Uni...
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...aires" Bloomberg LP Retrieved September 25, 2013
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Demery, Paul (January 14, 2013) "Bezos: 'I never expected this'" Internet Retailer Retrieved August 5, 2013
Farhi, Paul (August 5, 2013) "Washington Post to be sold to Jeff Bezos, the founder of Amazon" The Washington Post Retrieved August 13, 2013
Hof, Robert D (December 14, 1998) "The torrent of energy behind Amazon" Bloomberg BusinessWeek .Web. Feb, 13 2014.
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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
the idea for his book, how his book became a movie and finally, how he became a NASA
Amazon was founded in 1995 by Jeff Bezos and became one of the first major companies to sell goods over the internet
The main weakness in Bezos’s business plan was that it called for fast growth with low profit margins. As a startup company this is not something that investors generally want...
Donald John Trump was born in Queens, New York on June 14th, 1946 (Ask Men 3). The fourth child of Fred and Mary-Anne Trump, Donald was born into wealth and prosperity. His family operated the profitable New York real estate developing company, specializing in middle-income housing, Elizabeth Trump & Sons (Biography 2). Trump was an energetic child and was sent to military school during his teen years to learn disciple (Ask Men 5). He succeeded at The New York Military Academy and became a star student, football, baseball, and soccer player (Encyclopedia of World Biography 2). Graduating in 1964, he momentarily considered pursuing a film degree but instead decided to enroll at Fordham University, and later transfer to The Whorton School of Finance at the University of Pennsylvania. During the summer, Trump would work with his father in the real estate industry, gaining experience. It was during this time him and his father undertook the revamping of a neighborhood in Cincinnati, Ohio, The Swifton Village. After investing only a half a million dollars into the units, him and his father were able to reach 100% occupancy in two years and turned over a $6 million profit (Korte 4). He graduated from The Whorton School with a degree in economics in 1968 (Encyclopedia of World Biography 4).
For our business profile project, we focused on Amazon. Amazon.com Inc. was founded by Jeff Bezos in 1994. Amazon was first started in Bezos ' garage and has turned into a billion dollar operation over the course of 22 years (Smith). Amazon is currently headquartered in Seattle, Washington and has branch locations all over the world. Amazon is most known for their kindle, fast shipping, and selling various products (Smith). With Amazon being such a large corporation professionalism, academics, character, and engagement are crucial parts of the success of the company.
Jeff Bezo’s began Amazon in his garage in July 1995 with three Sun workstations setting on wooden doors for tables and extension cords running from everywhere (Academy of Achievement, 2010). Right from the beginning he was a visionary leaving his well paying job as a senior vice president with D. E. Shaw to begin Amazon.com (Academy of Achievement, 2010). Being the visionary that he is he saw an opportunity prompted by the huge growth rate of internet use in a single year and ran with it never looking back. Jeff realized that the internet had “no real commerce to speak of” so he began researching possible businesses (Academy of Achievement, 2010). “After reviewing 20 mail order businesses and deciding which could be conducted more efficiently over the internet than by traditional means he decided on books” (Academy of Achievement, 2010). He thought books were perfect because attempting to send huge catalogs for all the available books would be expensive and cumbersome, but an online resource database that was easy to navigate would provide customers with easy access and a single point from which to shop. “In 30 days, with no press, Amazon had sold books in all 50 states and 45 foreign countries, obviously by the success of Amazon he was right (Academy of Achievement, 2010). In a case study written by Javad Kargar called “Amazon.com in 2003” he stated that “Amazon's online store was a big hit, with about $5 million in the first year of operations” (2004). This huge success so quickly would have confirmed for Jeff that his idea was viable and drove him to continue to strive for more. Jeff Bezo’s charismatic-visionary leadership is the key to his and Amazon’s success.
Launched by Jeff Bezos, the Amazon.com website started in 1995 and is today considered as one of the most prominent retail website on the internet with a record turnover of US$ 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).
Amazon is one of the largest brands in the world, reporting $23.18 billion in sales last quarter. They operate with a customer-first mentality. This is clear in their mission statement, which is as follows: “We seek to be Earth’s most customer-centric company for four primary customer sets: consumers, sellers, enterprises, and content creators (Amazon).” Amazon’s CEO, Jeff Bezos seeks to bring the highest quality products and most efficient services to their customers. According to critics of Amazon, Bezos’ goals have lent themselves to a
Deutschman, A. (2004, August). Inside The Mind Of Jeff Bezos. Fast Company, 85, 52-58. Retrieved from: http://www.fastcompany.com/50106/inside-mind-jeff-bezos
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.
Jeff Bezos started with an idea to sell books on-line by being able to hold more books than any other brick-and-mortar store. The first mover advantage that Amazon gained has not let up since. Amazon has created customer loyalty through the use of 360 degree customer profiles and product recommendation system. Furthermore, Amazon has allowed access to big data for a monthly fee and created a web store for businesses saving on huge investments in development for a commission on sales. Big data is constantly evolving and Amazon is ahead of the curve with the application and analytics of big
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.
is a global company that offers internet retail shopping services. Amazon was an online book retailer established 21 years ago during the 1994s, and has grown exponentially in sales and size as the years have gone by. Jeffrey P. Bezos started it in July 1994 and has led to its success. It was possible because of the strategies Amazon used. Emerging of online banking on the internet gave rise to the idea of online shopping. To become a competitive firm strong strategies are to be made. Amazon positions itself as a low-cost retailer and offers a wide range of products and services via online which is unique in the internet retail business. Amazon competes healthily and preserves its competitive advantages as it constantly upgrades itself in the dynamic market. It also shows that Amazon can continue to grow and achieve it mission and vision of being "earth's most customer centric
Jeff attended Miami Palmetto high school and was valedictorian of his class. He went to Princeton and planned to study physics. He believed, however, that other physics students were much smarter than him. Therefore, he studied electrical engineering and computer science. He graduated summa cum laude in 1986 with a GPA of 4.3 on a 4.0 scale.