This report discusses the customer experience and brand value aspects of Amazon, a multinational e-commerce business. It explores key customers, identification of customer attitudes, and recommendations to improve customer satisfaction.
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 About the brand...........................................................................................................................3 Key customers.............................................................................................................................4 Identification of attitude of customers.........................................................................................5 Statement that state what it says about customers services, belief and organizational culture...6 Manifestations of customer..........................................................................................................7 Theories and models....................................................................................................................8 Recommendation to improve customer satisfaction....................................................................8 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................11
INTRODUCTION Customer experience aspects is one of key aspects to a company or business in market place, because every business within the market has always required to give the best experience to its different customers. On the other side, there are an excellent brand value also plays an effective role to a business, and that’s why currently most people put their huge efforts to make reputation of their business very higher in the market (Pine and Gilmore, 2017). This report discusses the customer experience and brand value aspects of Amazon. The Amazon is a multinational e-commerce business, headquartered in Seattle, Washington. This report discusses key customers of company as well. There are some appropriate theories and models also has used in this report of the proper justification of different findings. MAIN BODY About thebrand Amazon is very highly reputed e-commerce brand in across the world. A brand is generally a name or logo or mark or symbol which has used by a company for running its business operations in very productive manner within market place. Businesses has printed their respective brand name on their products and services. Print own brand name on products is very necessary task to a business, because with the support this name customer can simply buy products and services from those businesses which comes under their favourite list. However, currently customers have liked to buy products only through those businesses which has very higherbrandvaluewithinmarketplace.That’swhytop-levelmanagementwithinmost businesses are developing various business strategies to make their brand very effective in market place. According to different business experts, there is brand name always represents an organisation’s existence within market place (Takabori, 2020). Many businesses currently have very poor brand value as well, just because of their poor business strategies. Nowadays, Amazon has very excellent brand image at the international e-commerce industry. Basically, this brand is the leading e-commerce business in market place. Currently it has wide range of customer base quality products and services which are efficient to attract many customers in market place. With the support of excellent brand value within market place, this
company has succeeded in generating revenue of US$280.522 billion in the last year with net income of US$11.588 billion. Amazon’s upper management and administration completely knows that, how to maintain effectiveness of is brand at the international level. Currently this brand is fully able to provide the customer service, and this is the main reason that, this e- commerce business large customer base. Nowadays, Amazon company has a workforce of 1,000,000 effective employees in its worldwide business operations. Currently company works in social welfare as well, so that this factor also highly contributes in increasing Amazon’s brand within market place. Key customers Currently Amazon has very large customer base, in which these all customers comes from different background. For example; some customers of Amazon come from higher income group, then some employees come from medium level of income group, and lastly, some employees come from low level of income group (Kaur, 2018). Basically, this e-commerce fulfils demands and wants of almost all customers or people. There are products with cheap rates also available on its site or app and products with higher rates also simply available on Amazon’s official site. Basically, company charges higher rates only on those products and services which comes from premium category, and these types of premium products has purchased by only those customers who comes from higher level of income group. Basically, top-level management of Amazon has categories its different customers on the basis of their different attributes and features. For example; people who lives dynamic lifestyle are one key customers of this e-commerce company, because they mostly have no time to visit a store, supermarket of shop to buy a product or services. In this situation, Amazon company gives their facility to buy products and services from home without visiting in any store or shop. Basically, people who have dynamic personality are very much liked the concept of buying products and services through Amazon.com, because this concept saves their lots of time and resources. On the other side, there are customers who always like to buy products on some discount and also with some effective offers are also key customers of Amazon. Generally, this e-commerce business provides lots of effective discounts and offers to customers, and that’s why many people like to fulfil their products’ needs with Amazon.com.
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Currentlythiscompanyissuccessfullyrunningitsbusinessoperationsinvarious developing countries as well, because a person who comes low income group also can simply buy products and services, so that people with low income group also key customers of Amazon (Zha and et.al., 2020). The company show different products on its official site with prices, so a customer who comes from lower income group can simply analyse which product is favourable to them by price wise. This is the main reason that, currently people from lower income groups are also major customers of Amazon. But there are people who still believes in traditional way of buying, they are not key customers of this company, because they visit different stores and shops to fulfil their needs of products. However, top-level management of company has focused on attracting these people also by running different marketing campaigns. Amazon’s marketing campaigns are full efficient to influence people for buying products and services through Amazon.com. Identification of attitude of customers There is identification of customers’ attitude is very necessary task to a business or company within market place, because after knowing attitude of customers, any company can simply produce its products and services accordingly. In this situation, upper management of Amazon also responsible to identify attitude of customers. There are some key ways has been mentioned below which this e-commerce company can be used to identify customers’ attitude in market place. Brand awareness: The company can analysis its brand awareness in market. By taking this step, Amazon will enable to know that, how many people are completely aware about the brand name ‘Amazon’. The management of company conduct different public surveys, and in these surveys, company need to ask customers about, they know Amazon or not (Siqueira and et.al., 2017). If large number of people will say that, they fully know about brand and its attributes, then company can simply analyse that, it has great brand awareness within market place. Brand loyalty: This e-commerce business can check brand loyalty also for identify the attitude of customers. Currently company its official website and app, so that it can simply know that how much people again and again buying products and services through company. In this situation, when company got that, many customers like to buy products through Amazon.com
again and again, then it will be ensured that, many of customers are fully loyal with brand and their current attitude is very favourable to business. People perception: There are analysis of people’s perception is also a good method to company in the terms of identifying actual attribute of customers in market place. There are people generally have two types of perceptions called, negative perception and negative perception. Basically, when a customer has positive perception, then it can be simply motivated to buy products and services through Amazon. On the other side, when any customer has negative perception about the brand, then it not takes interest in buying different products and services through Amazon (Wang, 2020). In this situation, top-level management of company have to make customers’ perception very positive, because after having positive perception, customers’ attitude also will be positively affected towards brand. Statement that state what it says about customers services, belief and organizational culture According to the top-level management of company, there are Amazon is fully able to provide the best customer service to different customers in market place. Day by day, existing management of this business has fully focused on making its levels of customer service more and more effective. The main reason behind company’s these attempts is to maintain its effectiveness within market place. Currently many of customers are very satisfied with company’s services. Basically, company analyse its levels of customer service by viewing its ratings on the internet. When any customer gets satisfied with company, then it gets influenced to give excellent ratings to Amazon on different platforms of the internet. That’s why company always to provide very excellent services to various customers in market place. From establishment to date, Amazon’s top-level management believes in providing very appropriate and quality products and services to different customers in market place (Nuutinen, 2017). Basically, most people in across the world very like to consume products and services from those brands which are efficient to provide the best quality services. Existing management of company is completely aware about day by day increasing market competition, in which this factor influences the management always maintain extra-ordinary levels of customer service. According to different business experts, provide quality services to customers in the best way to gain huge competitive advantage in this highly competitive market.
Organisational culture of Amazon.com is very excellent, because most employees here takes huge interest for working in different operations of this brand (Camara and et.al., 2019). The management of existing e-commerce company always tries to remove those all elements from its workplace which can negatively affect culture of its organisation. This is really effective step of the management towards maintaining happy and healthy work culture within its organisation. The main objective of business behind making healthy work culture is to positively affect performance and behaviour of employees. After having highly performed employees, this business will simply enable to generate huge profit margins in market place. Many times, company uses different theories of motivation as well, like; content theory and process theory for positively motivating employees in the workplace (Dumaine, 2020). By considering these all factors, Amazon will simply make its organisational culture happy and healthy in the future as well. Manifestations of customer A customer within market place always like to be satisfied with different companies and business. Most customers have built a very positive perception about those all companies which are able to provide the best customer service. According to customer or people, they always be loyal with those brands within market which provides them very excellent and quality products with very favourable prices (Maess, 2016). On the other side, companies which not believes in providing quality products and services mostly negatively affects to customers’ mindset within market place. The management of Amazon is completely aware about this fact that, currently customer satisfaction is very important to gain huge success in market place. Nowadays, eBay, JD.com and Alibaba are main competitors of Amazon, and these brands also tries to make satisfied their customers. In this situation, this is very tough challenge to Amazon.com to provide satisfaction to its customers more than its competitors. This step is very essential to company for gaining excellent competitive advantage in market place. Customers within market fully knows that, currently their bargaining power is very higher, because they have lots of e-commerce brand to fulfil their different needs and wants. For example; when Amazon not provide appropriate deal to customers, then these customers get influenced to but products and services through other e-commerce site, like; Alibaba and eBay etc. That’s why top-level management of Amazon always tries to provide very attractive deal to
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its different customers for always retaining them with own brand within the international e- commerce industry. Currently anyone can see various positive reviews of customers for this company on different business sites. These positive reviews of customers projects that, many of customers are very satisfied with brand’s services and products. Theories and models There are some productive theories and models has used below which will show the satisfaction levels of customers to Amazon.com. Customer satisfaction theory Currently this theory is followed by thousands of businesses within market place (McLean, Wilson and Al Nabhani, 2016). According to customer satisfaction theory, there are providing fully satisfaction to customers by own products and services is very mandatory task to a company. Otherwise, that company will not grow in market place. In this situation, top-level management of Amazon have to make its products and services very much effectiveness, because these types of services and products always makes enable to company for providing great satisfaction to customers. KPI (key performance indicator) There is key performance indicator is very productive tool to this company, because by adopting and implementing this model within own workplace, Amazon will simply identify its levels of customer satisfaction. This model generally indicates the existing performance of business within market place. In this situation, this model is efficient to show company’s current levels of customer satisfaction as well, and that’s why this model can play an excellent role to this e-commerce company to make its customer services very much effective. Recommendation to improve customer satisfaction The management at Amazon have to improve or develop customer satisfaction, because currently this is the most appropriate way to company for generating huge competitive advantage in this dynamic world (Semprini, 2017). There are some productive recommendations available to Amazon which will enable to it for improving its levels of customer satisfaction.
Customer relationship management:Currently most companies within market place are taking lots steps towards making an effective relationship with different customers, because this is very necessary to always retain customers with own products and services. So that, building great customer relationship is very necessary task to the Amazon as well. After building effective relationship, this brand can simply make very satisfied to its customers. Establishing service centres:Establishing customer service centre is very favourable way to company for providing great satisfaction to different customers in market place. Basically, customers mostly have different issues relating to products and services, so for resolving those issues they always try to contact company. In this situation, when any company has very poor customer service centre, then this factor always negatively influences to customers’ satisfaction. In this situation, top-level management of Amazon have to use some skilled and talented employees within its customer service centre to give appropriate response to different customers in the terms of resolving their various issues (Poncin and et.al., 2017). By considering these all steps, Amazon will defiantly able to give the great satisfaction to customers in market place. CONCLUSION On the basis of above findings, it can be concluded that maintaining extra-ordinary levels of customer service is very necessary task to the management of Amazon.com. Currently there are very higher competition in the international e-commerce industry, so that making satisfied to customers with own effective customer services is the best step to company to gain excellent competitive advantage. It also can be concluded that, by providing quality products and services, this e-commerce company will defiantly make satisfied to it’s all customers. It can be also concluded that company have to boost its marketing function also for attracting large number of customers towards its brand.
REFERENCES Books & Journals Camara, T., and et.al., 2019. Six lessons on how to embrace the next-generation operating model. Dumaine, B., 2020.Bezonomics: How Amazon Is Changing Our Lives and What the World's Best Companies Are Learning from It. Scribner. Kaur, J., 2018.Proposing Method to Enhance Growth in Revenue and Customer Experience for Personal Care Category at Myntra. NIFT. Maess, G. D., 2016.A Practical Guide to Starting and Growing a Private Label Amazon Business. (Doctoral dissertation). McLean, G., Wilson, A. and Al Nabhani, K. T. S., 2016. The Customer Experience… Is there an App for that? A conceptual understanding of the customer experience with m-commerce mobile applications. Nuutinen, S., 2017. Examining customer experience with service design methods in the context of record stores. Pine, B. J. and Gilmore, J. H., 2017. Distinctive experiences.Journal of Shopper Research.1(1). pp.60-65. Poncin, I., and et.al., 2017. Smart technologies and shopping experience: Are gamification interfaces effective? The case of the Smartstore.Technological Forecasting and Social Change.124. pp.320-331. Semprini, P., 2017.Amazon(Doctoral dissertation). Siqueira, R., and et.al., 2017. Heard It Through the Grapevine! How Peer-to-Peer Interaction AffectsCustomerExperienceandWord-of-MouthIntentioninDifferentService Environments: A Bayesian Approach.How Peer-to-Peer Interaction Affects Customer ExperienceandWord-of-MouthIntentioninDifferentServiceEnvironments:A Bayesian Approach (November12,2017). Takabori,L.,2020.MakeAmazonYourServant,NotYourMaster.MarriottStudent Review.3(4). p.36. Wang, Q., 2020. A Study of Amazon Customer Review Helpfulness Using Machine Learning. Zha, D., and et.al., 2020. An Assessment of Brand Experience Knowledge Literature: Using Bibliometric Data to Identify Future Research Direction.International Journal of Management Reviews.