BUS 4993 Strayer University Week 2 Amazon Market Strategies Discussion Question

I need help with a Business question. All explanations and answers will be used to help me learn.

Week 2 Discussion

Respond to the following:

  • Can any firm beat Amazon in the marketplace? If not, why not? If so, how can they best do so? How formidable a competitor is Google for Amazon? Please explain.
    • What are Amazon’s major strengths? Does it have any weaknesses? Please explain. Is Jet.com a potential concern for Amazon? Why or why not?
  • Given the importance of understanding the external environment, why do some firms fail to do so? Provide examples of firms that did not understand their external environment.
    • What were the implications of the firm’s failure to understand that environment?
  • Be sure to respond to at least two of your classmates’ posts.

Below is a peer’s discussion post in which I’ll have to provide a response too.

Damaar Green

RE: Week 2 Discussion

  • Can any firm beat Amazon in the marketplace? If not, why not? If so, how can they best do so? How formidable a competitor is Google for Amazon? Please explain. What are Amazon’s major strengths? Does it have any weaknesses? Please explain. Is Jet.com a potential concern for Amazon? Why or why not?

When it comes to dominance in the marketplace, Amazon is unbeatable. Amazon is beating all competitors, even those that are formidable such as Google and Walmart. There was a time when Amazon was considered the Walmart of the internet. Over the years, Amazon has been able to achieve remarkable gains by providing high quality and services to its consumers and diversifying the products it sells. Amazon’s revenue grew from 71.3% over 2016 to 2018 to $233 billion and shows an expected increase by 50% to nearly $350 billion by the year 2020, according to forbes.com. Amazon’s strengths are its competitive edge on cost leadership, differentiation, and its focus on growth. Every company has its weaknesses, and Amazon is not immune to having them. Amazon lacks an imitable business model, limited penetration in developing markets, and a brick-and-mortar presence. Jet.com was founded by Marc Lore, who also founded a company called Diaper.com, which was a competitor of Amazon. I would consider Jet.com a concern to Amazon because they are targeting the same consumer demographic and offer guaranteed lower prices for their services.

  • Given the importance of understanding the external environment, why do some firms fail to do so? Provide examples of firms that did not understand their external environment. What were the implications of the firm’s failure to understand that environment?

A firm needs to study and understand the external environment for several reason. Understanding the external environment, companies can develop the skills to identify the opportunities and risk that exist. The external environment influences a company’s competitiveness to earn above-average returns. To successfully deal with uncertainty and to achieve strategic competitiveness and thrive, firms must be aware of and fully understand the different segments of the external environment. One way for firms to understand the external environment is to acquire information about their competitors, customers, and stakeholders. With this new information, firms can build new core competencies and create a barrier from threats they may perceive.

Toys R Us is an example of a firm that failed to understand its external environment. Toys r Us didn’t follow market trends and study its consumers. When companies like Walmart and Amazon became dominant forces, Walmart being the one-stop brick-and-mortar and Amazon dominating online shopping toys r us fell behind. The company failed because of a lack of innovation in its business model, failure to incorporate technology or adapt to its changing consumer.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Business and administrative studies
excellent job!
Customer 452773, May 25th, 2023
Leadership Studies
excellent job as always
Customer 452773, September 2nd, 2023
Philosophy
Thank you
Customer 452811, February 17th, 2024
Nursing
thank you so much
Customer 452749, June 10th, 2021
Business and administrative studies
Thank you for your hard work
Customer 452773, October 19th, 2023
Social Work and Human Services
Although it took 2 revisions I am satisfied but I did receive it late because of that.
Customer 452603, March 25th, 2021
Human Resources Management (HRM)
excellent job
Customer 452773, June 25th, 2023
Business and administrative studies
always perfect work and always completed early
Customer 452773, February 21st, 2023
Psychology
Thank you!
Customer 452545, February 6th, 2021
Business and administrative studies
Excellent job
Customer 452773, March 9th, 2023
Human Resources Management (HRM)
excellent job
Customer 452773, July 17th, 2023
Business and administrative studies
excellent, got a 100
Customer 452773, May 17th, 2023
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Close

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • Dissertations and Thesis
  • Essays
  • All Assignments

  • Research papers
  • Terms Papers
  • Online Classes
Live ChatWhatsApp