2018-09-03 09:31:00 Mon ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
Amazon follows Apple to become the second American public corporation to hit $1 trillion stock market valuation. Amazon's founder and chairman Jeff Bezos is now worth about as much as the total net worth of both Bill Gates and Warren Buffett.
Amazon now captures about half of every ecommerce dollar in America. With more than 550,000 employees and $178 billion in annual revenue, Amazon sells almost everything from cloud-computing space to bread and butter.
Amazon sells a great deal of excitement to investors, customers, and media firms. For starters, Amazon excites readers with a new way to shop for books online and then a new way to read Kindle Fire e-books. Amazon excites content creators to curate on Kindle Direct Publisher. Amazon excites cloud users and hackers with a new way to power the Internet via Amazon Web Services. Amazon also excites its premium members with a new way to experience fast delivery via Amazon Prime. Amazon excites many home owners with a new way to interact with an artificially intelligent outpost Alexa.
Bezos focuses on long-term customer-centrism with one pivotal question: What is not going to change in the next decade?
Amazon continues to offer low-price products and services online with fast delivery and vast selection.
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Most business organizations should continue to create new value in order to achieve long-run success and sustainable profitability. Todd Zenger (2016)