As the number one online retailer in the entire world, Amazon has harnessed a reputation for being affordable, dependable and convenient, leading the creation of the 'Amazon MBA' graph. The infograph tells you everything you ever really wanted to know about the company. Since Amazon sells books for so cheap, how is it able to do this when others cannot? Well, the company doesn't need to collect sales taxes and cuts costs at every and any opportunity (including the CEO's salary -- a welcome change in the eyes of many Americans for sure).
However, the glaring issues currently facing Amazon as a company are the work-life balances of their employees, which rank considerably lower than Facebook or Google. Further, while the company has a cash reserve of $5 billion, it donates nothing to charity.
Why This Trend Is Growing
- E-commerce Revolution
- Disruptive innovation opportunity: Developing innovative e-commerce platforms that prioritize work-life balance and social responsibility.
- Lowering Costs
- Disruptive innovation opportunity: Creating cost-cutting strategies and technologies to compete with Amazon's affordable pricing.
- Tax Optimization
- Disruptive innovation opportunity: Providing tax optimization services and tools to help businesses reduce costs.
Industries Being Reshaped
- Online Retail
- Disruptive innovation opportunity: Implementing work-life balance initiatives and focusing on corporate social responsibility to differentiate from Amazon.
- Technology and Software
- Disruptive innovation opportunity: Developing cost-cutting technologies and solutions for businesses to increase competitiveness.
- Finance and Accounting
- Disruptive innovation opportunity: Offering tax optimization services and tools to help businesses reduce expenses and enhance profitability.
