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Strategical Management

Jeffrey Bezos showed an early interest in business starting his first venture in high school. He studied engineering in college and worked as a financial analyst before founding Amazon in 1994. Bezos grew Amazon from an online bookstore to the largest online retailer in the world through strategic acquisitions and innovations like Amazon Web Services and the Kindle e-reader. One strategy Bezos implemented worth imitating is focusing on determining customers' needs and developing capabilities to meet those needs, exemplified by Amazon creating the Kindle in response to demand for e-books.

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Tsid kenu denise Ignacio
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533 views

Strategical Management

Jeffrey Bezos showed an early interest in business starting his first venture in high school. He studied engineering in college and worked as a financial analyst before founding Amazon in 1994. Bezos grew Amazon from an online bookstore to the largest online retailer in the world through strategic acquisitions and innovations like Amazon Web Services and the Kindle e-reader. One strategy Bezos implemented worth imitating is focusing on determining customers' needs and developing capabilities to meet those needs, exemplified by Amazon creating the Kindle in response to demand for e-books.

Uploaded by

Tsid kenu denise Ignacio
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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1. Study the biography of Jeffrey Bezos, CEO of Amazo.com.

Include his
childhood, if there is something significant, his interest, his educational
attainment, professional and career orientation, and other facts that might
have contributed to the success he is enjoying now. 

Answer:

Jeffrey Preston "Jeff" Bezos (born 12 January 1964) is the founder, president,
chief executive officer of Online Shopping for Electronics, Apparel,
Computers, Books, DVDs & more and chairman of the board of Online
Shopping for Electronics, Apparel, Computers, Books, DVDs & more. It is the
world's richest man according to Forbes' 2018 list. Bezos, a graduate from
Princeton University who has received the prestigious honor called Tau Son
Pi, served as a financial analyst for D. E. Shaw and the company before
Amazon was founded in 1994.

Step-by-Step explanation

Bezos was born to teenage parents. Very Early in his life his parents parted
their ways and Jeff was brought up by his cuban immigrant step father.
Growing up he even worked as line cook at Mc Donald's.Being a child he
always had a dream of space colonisation and even started his first business
venture in high school.

 Education

Mr Bezoz was always a bright student and received numerous accolades in


school as well as university.

He studied in the science training program at the University of Florida and


then went to the world renowned "Princeton University" to study Bachelor of
Science in engineering in electrical and computer science.

 Early jobs

Though he always had a knack of business and inventing, he started working


in a financial technology company soon after passing college.He then
transitioned to the banking industry and worked at Wall Street, attaining
exponential success reaching the position of senior vice president at just age
30.

 How magic started

Being a visionary he sensed boom of internet in coming years which made


him left his job to establish an online book store from his garage which was
called "Cadabra" which was later changed to "Amazon" after the world's
largest river in hope of making his company world's biggest online store, and
secondly because it begins with letter "a" which would help company in
website listing.
Three years later he took it public with IPO( initial public offering)

Bigger to Biggest

● In 1998,he included a variety of consumer goods to expand his market and


started acquisition of small competitors.

● In 2000 he launched BLUE origin, a human spaceflight startup with intention


to reduce cost of space travel.

● In 2002 Bezos launched Amazon Web services which provided a cloud


computing platform and API to its clients. It later earned a 600 million dollar
contract with the CIA .

● In 2007, he launched Amazon Kindle , which was an e reading device.

● In 2013, Bezoz purchased THE WASHINGTON POST( one of the most


widely circulated newspaper in the US ). He is often accused of unfairly
manipulating the paper .

● Apart from these he holds shares in GOOGLE, Unity Biotech, Zocdoc etc
and has partnered with various multi billion dollar conglomerates for different
ventures.

2. From the management, result-driven, practical, and inspirational strategies


implemented by Bezos at Amazon.com, which struck you as something worth
imitating? Explain your answer. 

-Jeff Bezos struck me the most with something worth imitating . He explains
that one strategy for effective entrepreneurs is to decide what they are good
at and to look for a business market that requires that expertise . The other
choice , Bezos said , is to figure out what customers need and accordingly
hone your abilities . Amazon , which had never been in the tech industry
before , followed the second Kindle route . E - books needed e-readers , so
one that customers loved was created by Amazon . " You have to be willing to
be misunderstood if you 're going to innovate " " Put the customer first . Invent
. And be patient . " " Life is too short to hang out with people who are n't
resourceful " " It 's the right business decision to experiment more " " - JEFF
BEZOS

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