You've heard the expression, "Out of the frying pan, into the fire?" Amazon lives in the fire. The e-tailer wins by keeping things hot for its competitors, employees, and itself, according to a new book.
Sometimes, companies just spin their employee policies to make them sound better than they are. A lot of California startups don't have an official vacation policy because once you set one up, it has to follow certain rules and it must apply to everyone... so some companies say "we have a take as-much-vacation-as-you-want policy" which sounds wonderful, but in practice it's not as blissful as it sounds when the other half of policy is "we also fire all underperformers" on a regular schedule.
A lot of companies want to squeeze as much productivity as they can out of their workers... and who can blame them? Investors want to see profits.
It's, I think, difficult to find an example of a successful company that had a kind&gentle laid-back culture for its employees..? How many companies can out-compete their business rivals without working a few of their employees a bit too hard? :P
He sure does continue to amaze us, mpouraryan. We are all satisfied customers with the products/services we get - so he is doing something right! But he will have to eventually either breakeven and make profit or the air will go out of the balloon.
What is so amazing to me as Amazon evolves into the "Walmart of the Virtual World" is how continues t o lose money--yet continues to somehow amaze ever more through a rapid expansion of its' product offerings. There is not a single place where Amazon does not somehow touch someone's life. As someone who is a fan, too, I can't help but wonder whether somehow things will catch up w/him or not. But Jeff Bezos is already spreading the wealth as he's invested in Business Insider (that is one of my required daily readings) along w/the Washington Post's Media Properties. As other giants have fizzled, he continues to amaze despite the challenges. :-)
Good points, hounhosp. I am wondering, though, if they are sustainable. Will lowest cost work in the long run or will they have to create something new?
Great thoughts, Mitch. Again, as with the GE systems of harsh competition for one's job, one wonders if those systems will produce and sustain the best talent to enable Amazon to compete on the basis they carve out for themselves.
I agree with your point, big will only carry them so far. At some point, they will have to make big profits.
By the way, I am an Amazon fan as well, including dog toys.
It is like big companies always have to cruch their employees in order to maintain their competitiveness and make big money. It looks like the same harsh working conditions Apple devices manufacturers are inflicting their employees in China.
A recent release of the popular TweetDeck app for Twitter power-users gives new life to software that had previously taken a wrong turn. Here's a quick walk-through of the new TweetDeck, to show you why it should be at the top of your Twitter toolkit.
Michael Brutsch, a.k.a. Reddit's Violentacrez, is a creep who posted borderline kiddie porn to the Internet anonymously, and got fired when outed by a media outlet. It's a cautionary tale even for people who aren't jerks and predators.
On the occasion of Internet Evolution's 5th anniversary, Editor in Chief Mitch Wagner and Editor in Chief Emeritus Nicole Ferraro reminisce about how business on the Internet has changed over five years. Also, Mitch tries to remember what "Enterprise 2.0" means.
When Reiter gets incensed over incompetent Verizon FiOS order-taking and support, he broadcasts it via Twitter. Did it do any good? How should your company offer Twitter support? Watch this for all the answers.
The whole Amazon.reader debate is a double-stupid. It's stupid to think that there's any e-book buyer who doesn't know Amazon's URL, and it was stupider to let ICANN launch the whole free-form TLD initiative to start with.
Edmunds separates customers into segments based on the info it collects on its site and from partners, and uses that to push out custom content, said Brian Baron, director of business analytics for Edmunds.com, at Predictive Analytics Innovation Summit.
The automotive website uses propensity modeling to target ads and customer registration forms, said Brian Baron, director of business analytics for Edmunds.com, at Predictive Analytics Innovation Summit.
The automotive website uses propensity modeling of customer behavior to convert more site visitors into leads, says Brian Baron, director of business analytics, in an interview at the Predictive Analytics Innovation Summit.
Linux Journal recently released its 2013 Readers’ Choice Awards. As an Ubuntu convert in recent years, I was glad to see Ubuntu took the top spot for "Best Linux Distribution" (at 16 percent, edging out Debian, which took 14.1 percent).
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