Why the name
“AMAZON”
The company named as “Cadabra” by Jeff Bezos after the magic slogan of “Abra Cadabra”. When he first mentioned this to his lawyer over the phone, he misheard this as “Cadaver” and immediately he realized that the name is not going to work
Bezos had the customer-centric approach to the business, right from the start. So, he had proposed to change the name to “Relentless Inc”, a way of saying that the company would be relentless in its approach to customer satisfaction. In 1994, the company’s then de-facto CTO was Shel Kaphan. He was not very amused by the proposal. So, Bezos keep searching for new names for the company
In the 1990s, the number of websites was very less, and countable by humans. The websites were sorted alphabetically on the “internet directory” of those days. After a bunch of research, Bezos settled on Amazon Inc. for two reasons -
- Amazon River has the largest collection of flora and fauna in the world. Amazon Inc. will represent the largest collection of retail items on the internet
- Amazon-dot-com will appear in the first pages of the internet directory, making it easier to attract users and customers.
A simple Amazon logo in which the arrow points from “a” to “z” and it represents that Amazon sell everything from “a to z” and the smile on customers face when they bought a product.
BUSINESS GROUP AND INDUSTRY
Amazon.com's product lines available at its website include several media (Books, DVDs, Music CDs, Videotapes and Software), apparel, baby products, consumer electronics, beauty products, gourmet food, groceries, health and personal-care items, industrial & scientific supplies, kitchen items, jewelry, watches, lawn and garden items, musical instruments, sporting goods, tools, automotive items and toys & games. Amazon has separate retail websites for some countries and also offers international shipping of some of its products to certain other countries.
Amazon has a number of products and services.
Some are being mentioned below:
- A9.com
- AMAZON MARITIME
- AUDIBLE.COM
- BEIJING CENTURY JOYO COURIER SERVICES
- BRILLIANCE AUDIO
- COMIXOLOGY
- CREATESPACE
- EERO
- GOODREADS
- LAB126
- KUIPER SYSTEMS
- RING
- SHELFARI
- SOUQ
- TWITCH
- WHOLE FOOD MARKET
Changes in amazon
It had accounted for nearly half of online retail sales in 2018, according to eMarketer, and is laying the groundwork for a physical retail business — equipped with labor-saving technologies like cashier-free checkout that has legacy grocery and convenience chains scrambling to catch up. Here are some key events in Amazon's rapid evolution.
- STARTING OF ONLINE BOOKSTORE
- AMAZON GOES PUBLIC
- AMAZON EXPANDS INTO MUSIC
- AMAZON SECURES “1 CLICK” PATENT
5. AMAZON TAKES A HIT AFTER DOT – CUM BUBBLE BURSTS
6. AMAZON STARTS SELLING CLOTHES
7. AMAZON LAUNCHES WEB HOSTING BUSINESS
8. AMAZON PRIME DEBUTS
9. KINDLE GOES ON SALE
10. AMAZON ACQUIRES AUDIOBOOKS COMPANY AUDIBLE
11. AMAZON STARTS DELIVERING PACKAGES ON SUNDAYS
12. AMAZON UNVIELS ITS FIRST (AND LAST) SMARTPHONE
13. OPENS FIRST PHYSICAL STORE
14. AMAZON REACHES $ 1 TRILLION MARKET CAP
15. AMAZON MARKS 25 YEARS IN BUSINESS
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