This presentation provides a SWOT analysis of Amazon, including its strengths, weaknesses, opportunities, and threats. It also offers recommendations for improving customer service.
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TABLE OF CONTENT •Introduction •SWOT Analysis •Recommendations •References
INTRODUCTION •Amazon was founded in 1994 by Jeff Bazos. It is an online marketplace for books but after great success of books it expands to different items like apparel, video games, electronics, jewellery, toys, etc. Amazon is the largest internet company by revenue in the world. Its headquarter is at Bellevue, Washington, United States and planning to open new physical stores in the market.
SWOT ANALYSIS StrengthsWeaknesses Amazon has strong brand image in the market. It has customer-centric process as it carefully records the history of customer behaviour of buying Acquires other companies like Junglee, woot, etc. and generate too much profits and became a e-commerce giant. Large delivery network and wars in prices shrinks the margin and results in losses sometimes. A negative publicity for tax avoidance in US and UK which is the most revenue generated countries for amazon Struggle in some developing countries attracts high debts
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CONTINUE….. OpportunitiesThreats Introducing its own products create opportunity for amazon to make more profits in competitive e-commerce industry. Expansionindevelopingcountrieshelpstogetmarketwithlow competition. They use Acquiring strategy which helps them to reduce competition in the market. They are planning to open a physical store which helps them attract local customers and smooth the brand image. Low entry barriers can increase competition for Amazon. E-commerce sites of the country itself have faith of the local customers and takes the market share of amazon in that country. Another threat is increasing cybercrime in the e-commerce industry for which Amazon needs to ensure proper safety of the customers data.
RECOMMENDATION FOR THE COMPANY According to the research on the customer service of Amazon, it can be concluded that the company has a good customer service but still there is a room for the betterment of their performance. Following recommendations can be made to improve customer experience in Amazon: •The customer care executives must improve a good listening skills to solve customer grievances. •Company should increase the service of customer care as it is spreading with a high speed needs more customers support team. •The company should record the feedback of the customer experience so that it can be improved for them and they don't lose their trust on the company.
REFERENCES •Fisher, J., Stutzman, H., Vedoveto, M., Delgado, D., Rivero, R., Quertehuari Dariquebe, W., Seclén Contreras,L.,Souto, T.,Harden, A.andRhee,S.,2020.Collaborativegovernanceandconflict management: lessons learned and good practices from a case study in the Amazon Basin.Society & Natural Resources,33(4), pp.538-553. •Hager, A.M., Larson, J., Ugbah, N.K. and Ramesh, V., 2017. Oil Extraction in the Ecuadorian Amazon: Incorporating Conflict Resolution Theory and Practice.Conflict Resolution Quarterly,35(2), pp.243-267. •Orta-Martínez, M., Pellegrini, L. and Arsel, M., 2018. “The squeaky wheel gets the grease”? The conflict imperative and the slow fight against environmental injustice in northern Peruvian Amazon.Ecology and Society,23(3).