Summary
Summary unit 1 A3
- Institution
- PEARSON (PEARSON)
Summary of 3 pages for the course Unit 1 - Developing New Business Ideas at PEARSON (na)
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IntroductionAmazon has been successful through the usage of innovation and business. The CEO, Jeff
Bezos, demonstrated the invention. Jeff Bezos, who introduced Amazon Prime Video Instant
and Amazon Prime One Day Delivery, has particularly revealed innovation. This was her first
inventive achievement. Even though Amazon is an enormous online seller, it hasn't feared
attempting, particularly via the Amazon brand, to join and explore many sectors. The
Amazon industries were invaded by film and music enterprises.Amazon's eBooks, eTablets,
Smartphones and software development have also been connected. As always, Amazon
enjoys expanding beyond its online platform. The combination of achievements and failures
will not be reluctant to attempt. Fortunately, though, Amazon's biggest triumphs were
marked by failures even in the smartphone market via Fire Phone. However, Amazon's most
failed endeavour was to enter the travel business with the Amazon Destination. This is
because companies like as Groupon and Expedia are unable to compete.Innovation is to
withstand a change in anything. In particular, this occurs via revolutionary debuts of a new
concept or product. I strongly believe that Amazon has without a doubt employed innovative
ways of innovation at this time compared with other companies in this time. Some
innovations are the highest successful companies that are distinctive to their rivals. Amazon
used Enterprise as distinctive from the rest, unlike its competitors. That is why it is currently
the 3rd most renowned organisation in the world that is so successful and wealthy. All
because of his incredible ideas and company.
Advantages
Amazon is continually on the brink of changing and upgrading each part of its goods.
Examples such as Amazon Kindle with its software and fire tablet development. The aim for
this is to provide consumers with satisfaction, making it as easy as possible to use and cure
the general problems and problems. For clients, the updates are always free. Amazon, on
the other hand, provides clients with Prime service with a level model. It delivers 3 levels that
are Amazon Prime, Amazon Prime Video and Next day delivery using Amazon Prime, Prime
Music and Next day or Same day storage. Amazon Prime Video is supported by 3 levels.
For Amazon's objectives, customer service is incredibly crucial. They want to guarantee that
their customer service remains loyal to their consumers. They offer a telephone line that is
accessible on a 24/7 basis. They also offer a customer email service that contacts you within
12 hours with a website link and quick answers. This is why Amazon offers a superb service
to its customers. Amazon has risen with its expansion throughout the previous decade. All
because of CEO Jeff Bezos' wonderful creativity. The Ring Video Doorbell and Digital Books
are examples of major new goods. The Amazon Robotics development is however the
greatest innovation from Amazon. Amazon’s USP is the diversity it delivers to its consumers,
which are part of the technology businesses such as Google, Microsoft or Facebook. Now it
offers a film streaming service, an online warehouse platform, an own branded mobile
device and an online book service, not only an online shopping service.
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