Success Stories Jeff Bezos the Founder of Amazon.com

Jeffrey Preston Bezos (born in Albuquerque, New Mexico, January 12, 1964 age 46 years) is the founder, President, Chief Executive Officer and Chairman of the Board of Directors of Amazon.com. A graduate of Princeton University, Bezos was a member of Phi Beta Kappa, worked as a financial analyst for d. e. Shaw & co. Before founding Amazon in 1994. He was chosen as Person of the Year by TIME magazine.

Success Stories Jeff Bezos the Founder of Amazon.com


Ancestors of Bezos Texas hereditary Ranch has 101 km² in Cotulla. His grandfather was a regional director of the United States Atomic Energy Commission in Albuquerque who have requested early retirement to work on farms. In adolescence, Bezos often spend the summer together with his grandfather. Since childhood, Bezos already showed his talent in the field of mechanics. Bezos toddlers never tried dismantling his own bed with a screwdriver.

Bezos was born to his mother named Jackie Bezos ' when he was still a dozen years old. The marriage of father and mother only survive more than a year. His mother remarried when Bezos was five years old. Bezos ' stepfather named Miguel Bezos Cuban immigrants. Miguel Bezos came alone to the U.S. as a 15-year-old to accept at the University of Albuquerque. Bezos family moved to Houston, Texas, and Miguel Bezos worked as much as insecure at Exxon. Grade 4 to grade 6 passed a small elementary school in Bezos ' River Oaks Elementary in Houston.

Bezos showed an interest in science since I was young. He rigged an electric alarm so that the younger brother did not go into her room. Also, parents whom he turned his garage laboratory for scientific experiments. After the family moved to Miami, Florida, Bezos continued to Miami Palmetto high school. When received at the University of Princeton, Bezos wanted to major in physics, but changed his mind and devoted himself to the computer until graduated with a degree in computer science and electrical engineering.

After graduating from Princeton, Bezos got a job on Wall Street that is associated with your computer. The building of computer network in a building international trade center by a company called Fitel. Next Bezos worked for d. e. Shaw & Co.

In 1994, Bezos founded the web site Amazon.com. Amazon.com business model he developed while driving from New York to Seattle. Office of the Amazon.com the first is Bezos ' garage. The web site Amazon.com, founded Bezos took him as one of the successful entrepreneur dot-com era. In 2004, Bezos founded the company called Blue Origin in the field of civil aviation space.
Amazon.com being an example of a success in the world of the Internet, though Amazon.com not yet a decade old. Founded by Jeff Bezos in 1995 as an online bookstore, Amazon, based in Seattle was $1.6 billion in sales of "Electronic commerce" every year.

Amazon sells books only, then music and video, and now software, screwdriver, and a sofa. Amazon grows into a department store with 17 million online consumers around the world.

When the Department store chain that has been as successful as Barnes and Noble and Wal-Mart trying to compete in business online store, CEO Bezos defended online store Amazon.com as the market leader and maintain service to consumers through continuous innovation.

Yet there are companies like Amazon when Bezos are researching software and the internet to a company in New York City in 1994. He was intrigued by the possibility of setting up business selling books online in a way that is almost the same with the company that received the orders and selling by mail. This idea proved to be very attractive, so that Bezos quit his job, collect money from family and friends, write a business plan, and moved to Seattle to be closer to the supplier ledger.

One year later, Amazon.com started his business. In the first months of its founding, without advertising or public relations services, the site attracts consumers from all the States of United States and over forty other countries.

at the start the establishment amazon stands no large bookstore that has looked at Amazon. However, Salver two years, Amazon.com strategies such as providing a discounted price, an e-mail about a book review free and easy search facilities have attracted many buyers and attract media coverage. This led to the competitors continue to strive to maintain its reputation.

However, Amazon established the reputation and a loyal consumer became a major obstacle for competitors. Although it has been promoting an aggressive and aggressive pricing strategies, Barnesanobie.com still not able interview online sales and the number of Amazon customers.

Meanwhile, Amazon's Bezos developed a range of products by buying shares in e-commerce companies such as pets.com. He also designed the auction sessions on Amazon to get a success like eBay, the online auction site first.

In addition, Bezos made room on the Amazon site for zShops. A room where small businesses can sell products on Amazon to pay the fare.

One reason for the success of Amazon is the action-oriented management of its founder, Bezos. He planned with extreme caution company objectives. He also tried to avoid the failure that comes from the error analysis of the destination.

As a pioneer in e-commerce, Bezos used to take advantage of unexpected opportunities. He encourages all its employees to do the same thing.

Because it works with the Internet, Bezos feel better if he directs the company to enter the unknown, and fix the problem later, rather than hindering growth now.

To continue to grow and innovate, Amazon should continue to receive, train, and motivate managers and employees. Bezos was involved in the decision to appoint top managers, which he believes to hire people who will work under him.

Bezos is very selective to accept the employee. Bezos knew a skilled workforce is essential for the success of the Amazon. Bezos always inquire about recruitment techniques when he was interviewed top management candidates.

In the middle of a crowded schedule management, Bezos set aside time to browse through the Amazon Web site to search for new ideas. To stay in touch with employees and customers, she is grateful to certain employees for the work they have done, and he was always reading the messages e-mails from consumers to know what they like and dislike.

one-third of the time Bezos used to visit a national network of distribution centers Amazon. He answered the questions of employees and re-embeds about six "core values' company that consumer obsession, ownership, the tendency to act, savers, the high entry requirements, and innovation.

Each December, Bezos and the entire management team go to work for handling requests that peaked during the holidays. By involved wrapping a package to be sent to the consumer or to answer calls from consumers, they can feel what first-line managers face. This makes the employees know what is cool by consumers.

The annual tradition of the first-hand experience also sharpens the feelings of achieving goals, that in a changing industry, everything is important.

Estimates of the wealth
Most of the wealth derived from Bezos ' stock ownership in Amazon.com. In 1998, Bezos has a 41 percent stake Amazon.com, but the amount was reduced to living 24.26 percent (around 100 million shares) in 2006. His salary has never ridden since 1998, the size of the US $81.840 per year plus allowances amounting to us $1.1 million. Nevertheless, Bezos still entered into the list of the richest people in the world.
1999 – US $10.1 billion, ranking 19
2000-u.s. $6.0 billion, ranked 23
2001-u.s. $2.0 billion, ranked 234
2002 – US $1.5 billion, ranking 293
2003-u.s. $2.5 billion, ranked 147
2004-u.s. $5.1 billion, ranked 82
2005 – US $4.8 billion, ranked 41
2006 – US $4.3 billion, ranked 147
2007 – US $8.7 billion, ranking 35

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