They are the prominent general retail stores with a physical presence. Both of these retailers have emerged as e-commerce centric due to the early adoption of e-commerce strategies. However, even those retail chains proved to be of no use to generate a tight competition with Amazon. In the long run, the growth of the e-commerce versions of these supply chains can pose a threat to Amazon. (Wahba, Phil) Advantages for an Amazon Customer Amazon adds value for money for the customer.
As the business grows the philosophy of their business needs to be change so they can compete in the ecommerce market. The competitors that CanGo will being going against are Amazon and EA games. There are multiple other competitors in the market place but those two are the biggest. Amazon alone is CanGo’s biggest competitor. They are a company that has a foot
The components of this marketing mix enable competitiveness and international growth while Amazon.com Inc. innovates its services. Amazon.com Inc.’s Products (Product Mix) In this component of the marketing mix, Amazon’s products or product mix is considered. As the top player in the online retail industry, the company offers a wide selection of products. Such a product mix supports Amazon.com Inc.’s mission statement and vision statement. Through continued expansion and diversification, the company’s products now include not just online retail, but also a variety of other products that address market needs: Retail
This will create competition among the suppliers. Hence it gives an added advantage to Lululemon and they now can find a supplier who is willing to sell them at the least price. *Bargaining price of customers: As stated in the case article, that synthetic factors are now easily available among other companies. This will create more choice for the customers as now they will tend to buy from a store which is selling at a cheaper price. This can be easily searched via Internet *Threat of substitutes: Web internet is a threat to Lululemon as their potential customers can look up the price of other yoga clothing brand and prefer them over Lululemon.
Given the competitive dynamics of your current industry (your employer), which of Porter’s competitive strategies is likely to be most successful? For us specifically, I think are in a vulnerable position. However, the real estate that we own is hard to lose. There are threats of substitutes is high as our renters (shops like Wal-Mart and Ross) are facing constant pressure from online retailers. Therefore, we have positioned and balanced our tenants in such a way that it’s hard for online firms to replace them.
The fact that no one has seen anything like Amazon before makes people worried; this produces people into believing that the five- hundred and sixty billion dollar company has control of the economy, thus forming a monopoly. However, as long as the prices do not go up, consumers do not suffer, and competition challenges Amazon, then the company does not have a monopoly. The first reason that proves Amazon does not have a monopoly: the prices. Amazon does control the majority of e-commerce. However, Amazon prices stay low, enhancing the business of Amazon, which explains the dominance in online shopping.
Other threats include new competition, local co-ops, e-commerce (Amazon) and a shift in consumer preference. Trader Joe’s has resisted increased technology in the stores and has little presence on social media (mostly customers). This has the potential of becoming a threat to Trader Joe’s competitive advantage, as e-commerce and social media use expands globally. The threat of substitute and brand name products is also a concern for Trader Joe’s and the current competitive advantage. Brand loyalty is significant, Trader Joe’s does not stock a significant amount of name brand products in stores and this could become a strategic threat in the future.
Amazon overwhelmingly dominates online book sales. Hitherto, Amazon hasn’t tried to exploit consumers. It has systematically kept prices low, to reinforce its dominance. But what it has done is pressuring the publishers in effect reduce the price it pays for the books. So far,
Business model: Amazon is a company which is running subscription business that is why its key partners vary in this case Amazon key partners are logistic partners, self published and affiliates. In business which deals in subscription they target mass market for creating long relationship in the case of Amazon its create value for global consumer market, companies that need fulfillment and developers or companies. In which almost 1.3 million are active consumers, developer consumers use Amazon web service Amazon reach to its segment through websites and apps like Amazon .com, affiliates sites, application interface, built in data link . A key activity includes maintenance and software development, customer service, merchandising
There always trying to make themselves more appealing to many consumers. Not to say that physical stores don’t do the same but they don’t keep up in the race. Amazon itself created what in some forms is a new form of shopping. Well maybe not a new for but a way to make online shopping even easier without being online necessarily. Wayne Rash acknowledges the device known as the Amazon Echo changes the whole concept of online shopping.