why amazon is a global organization? explain it within 250 words(10 marks)
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Answer:
It’s hard to imagine a time when Amazon wasn’t a dominant force in the ecommerce market. The behemoth has grown into one of the biggest businesses in the world, having acquired corporations, creating and selling their own products like Alexa and Kindle tablets, not to mention their highly successful television streaming arm, Amazon Studios. Amazon’s incredible strength as a corporation came from careful, smart strategy to engage the entire world. Its rise is study in flawless ecommerce growth strategy.
The Power of Amazon
Amazon’s annual revenue was reported at $232,887 million US in 2018, a massive jump from back in 2005 when revenues were reported at $8490 million US. The company’s twenty-five year run has been nothing but a massive success. Amazon carries everything from drones to t-shirts to pet supplies, and yes, even books. To accommodate this massive inventory, even if third-party sellers take up much of the space these days, Amazon employed 646,500 as of the end of 2018 according to Statista, making them the biggest technology employer in the world.
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