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Jeff Bezos: The Ultimate Disrupter
Jeff Bezos founded Amazon in 1994 with a vision to be Earth's most customer-centric company. Amazon started as an online bookstore and has since expanded into many other product categories. Through strategic acquisitions and innovations like the Kindle e-reader and Amazon Web Services, Amazon has disrupted multiple industries and become the largest online retailer in the world. Jeff Bezos prioritizes obsessive customer focus, innovation, and long-term thinking, which have driven Amazon's continued growth and made it one of the most valuable companies in the world.
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Jeff Bezos: The Ultimate Disrupter
- 1. JEFF BEZOS THE ULTIMATE DISRUPTER IM557 Media Economics – KAIST Business School By: Sungwoo Baek, Anggriawan Sugianto
- 2. AMAZON the largest online retailer in the world
- 3. VISION • Amazon was founded by Jeff Bezos in 1994 • To be Earth’s most customer-‐‑centric company for four primary customer sets: consumers, sellers, enterprises, and content creators
- 4. HISTORY • 1995: Started online book store • 1997: IPO at $18/share • 1994-‐‑2000 • 1998: Acquired Internet Movie Database (IMDB) • 1999: Acquired Alexa Internet for $250 million • 2001-‐‑2005 • 1999: Jeff Bezos named Time “Person of The Year” • 2006-‐‑2010 • 2000: Reached revenue $2.8 billion within first 5 • 2011-‐‑now years – one of the fastest growth in the Internet history
- 5. HISTORY • 2002: Launched Amazon Web Service – a reliable, scalable & inexpensive cloud computing platform • 2002: Launched Amazon.ca • 1994-‐‑2000 • 2003: Launched A9.com – ads & search engine • 2001-‐‑2005 • 2004: Acquired Joyo.com for $72 million – now it’s • 2006-‐‑2010 Amazon.cn • 2011-‐‑now
- 6. HISTORY • 2007: Launched Amazon MP3 • 2007: Launched Kindle (1st generation) • 1994-‐‑2000 • 2008: Acquired Audible.com for $300 million • 2009: Acquired Zappos.com for $ 1.2 billion • 2001-‐‑2005 • 2010: Invested $ 175 million for LivingSocial • 2006-‐‑2010 • 2011-‐‑now
- 7. HISTORY • 2011: Market cap tops $100 billion • 2011: Launched Kindle Fire & Kindle Touch • 1994-‐‑2000 • 2012: Acquired Kiva for $ 775 million • 2001-‐‑2005 • 2006-‐‑2010 • 2011-‐‑now
- 8. STOCK CHART Amazon stock price has been increasing 18,000% since IPO
- 9. AMAZON IS A GIANT Y/Y growth for Q1/2011 +38% 3x growth of e-‐‑commerce market Market cap $123.26 bn almost 2x market cap of Ebay Customer 137 million 2x #customer of Groupon Employee 56,200 13x more than Facebook Annual revenue $48 bn 27% more than Google Internet traffic rank 8th above QQ, TwiOer, Taobao Retail brand 1st before Walmart
- 10. GLOBAL REVENUE Amazon is not a merely online bookstore indeed!
- 11. JEFF BEZOS Businessperson of the Year 2012
- 12. “TRY TO READ ONE’S MIND AND TRY TO INNOVATE”
- 13.
- 14. JEFF BEZOS Technology intelligence Financial intelligence Innovative business model Strong Execution
- 15. THE STRATEGY “We aregoing to be unprofitable for a long time. And that is our strategy.” “Low-‐‑Price, Low-‐‑Margin Strategy” “Your margin is my opportunity”
- 16. THE SECRET TO SUCCESS Secret # 1 Obsess over customers Always Customer is number 1 priority Secret # 2 Invent we need to invent on their behalf. Secret # 3 Think long term Most initiatives we undertake take 5 to 7 years Secret # 4 It’s always day 1 Always new ways and new things
- 17. “What is our strategy for our business?”
- 19. “Take pride in your decisions and your hard work, but not in your gifts. And Try to minimize regret.” – Jeff Bezos
- 20. Jeff Bezos: The Ultimate Disrupter THANK YOU