Innovation and Economic Development
Added on 2020-03-01
16 Pages3003 Words59 Views
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Amazon E-Commerce Business1 Amazon E-Commerce Business By [Student’s name]Professor’s nameCourse CodeUniversityDate of submission
Amazon E-Commerce Business2 Table of ContentsIntroduction......................................................................................................................................4Innovation Definition.......................................................................................................................4Types of innovation.........................................................................................................................5Innovation in E-commerce Business...............................................................................................5Benefits of Innovation to E-commerce............................................................................................6Competition.....................................................................................................................................6Examples of Innovations in E-commerce........................................................................................6Drone innovation..........................................................................................................................6Live Chats....................................................................................................................................7Beacon Technology......................................................................................................................7Buyable Pins................................................................................................................................7Chatbot on Facebook Messenger.................................................................................................7The chat box technology..............................................................................................................8E-payment systems......................................................................................................................8Voice-activated Assistants...........................................................................................................8Social media Direct Purchases.....................................................................................................9Video Content Advertisement......................................................................................................9Droid Delivery.............................................................................................................................9Augmented Reality Technology................................................................................................10
Amazon E-Commerce Business3Google Technology....................................................................................................................10Setbacks of innovation...................................................................................................................11Conclusion.....................................................................................................................................11References......................................................................................................................................12
Amazon E-Commerce Business4IntroductionBusinesses enterprises run the economy of every country in the world. Therefore, a robust economy is rooted on the ability of industries to survive and adapt in turbulent times and further re-align to meet the needs of the community. Businesses achieve this through being industrious, innovative and resourceful. Innovation largely contributes to the success of a company and ultimately the growth of the industry. The market environment is dynamic which has become a hub for innovators who continually invent ideas and multiple solutions. Innovators always brainstorm to come with the idea that offers multiple solutions. Innovation is extremely beneficial to the extent that companies often see their staff creativity as an asset. To nature and improve this, they organize seminars and training to update their human resource.This research paper has an objective of establishing the importance of incremental innovation to the e-commerce business. Foremost, the paper digs to e-commerce nature of the firm and its positives to the users; the platform on which the company operates and some of its impediments to its operations. Further, this research discusses some of the emerging innovations in e-commerce business and what it means to the firm and customers; what advantages it brings with it. Finally, the paper makes a conclusion based on the discussion in the research. Innovation DefinitionInnovation is simply a twist of an existing product or service to realize uniqueness which ultimately satisfies the needs in the market. This is an asset to organizations considering the dynamic environment prompting the need to remain relevant, efficient and useful to customers. The fast changing business environment has made organizations to continuously seek ways to improve their processes to meet emerging needs and cope up with trends. These companies form
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