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These Are All of the Industries Experiencing The Amazon Takeover

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Amazon’s continuous growth is prompting the company to expand into a variety of industries well beyond their initial scope of electronic commerce. Beginning as an online bookstore, Amazon now represents the most valuable United States retailer regarding market capitalization. Amazon founder Jeff Bezos is presently the world’s richest personA combination of success and drive for constant expansion is resulting in an Amazon takeover of several important industries. Amazon still reigns supreme as an online retailer, though clearly that title alone is not enough to satisfy Bezos. His areas of interest are vast, including the following.

Brick-and-Mortar Retail

Just last year, the Amazon takeover included Whole Foods, where they were acquired for $13.7 billion. The move continues Amazon’s battle with Walmart to reign supreme in the retail space. On the other side, Walmart is continuing to refine their online space, while remaining America’s top employer. The battle between these two giants will continue to wage on, with Amazon’s interest in the brick-and-mortar space being no secret.

Even before the Whole Foods acquisition, Amazon’s plans to build convenience stores and curbside pickup locations shows a deep infatuation with becoming a strong brick-and-mortar presence. Beyond a mere presence, Amazon is confident that consumers will continue embracing a model that allows them to order online and pick up in person.

Amazon’s opening of the Amazon Go Store in Seattle in January marks an exciting time for these interests. Customers enter the store and scan their Amazon Go app as they do. Cameras and other sensors track customers’ activity as their browse, registering an item into their virtual cart when they take it off the shelf. Customers are charged when they leave the store with their goods. Amazon terms the idea “Just Walk Out” shopping and hopes to attract customers who despise waiting in lines, as many do.

Amazon’s reshaping of the typical brick-and-mortar presence is introducing consumers to new ideas like “Just Walk Out” shopping. Combined with the acquisition of Whole Foods, the company will without a doubt continue to redefine the brick-and-mortar shopping experience.

Delivery

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Amazon has been shaping the delivery industry for many years now, especially since Amazon Prime’s introduction in 2005. The company’s vow to deliver items to Prime customers in two days or less still presents a challenge to online retail competition, who are well aware that they must match these shipping expectations or compensate in some other way, like offering lower prices. Meeting Amazon’s delivery promises and their costs is a major challenge, especially to new eCommerce businesses.

Beyond Amazon Prime’s major influence on shipping expectations among online retailers, Amazon is redefining what the delivery space means through their utilization of drone technology. Specifically, Amazon Prime Air is introducing a new delivery system, where unmanned aerial vehicles can safely get packages to customers in 30 minutes or less.

Amazon, already familiar with quick parcel delivery, is upping the ante even more in the delivery industry with such lofty ambition. Still, with a private trial already underway in the UK, Amazon Prime Air and the use of drones in delivery is a very real aspect of the future. Upon receiving the regulatory support, we can anticipate Amazon Prime Air to be an option for many.

Technology

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It makes sense that Amazon is continuing to make significant moves in the tech sphere. There’s no doubt regarding the company’s technical expertise and how technology can accommodate access to their variety of products.

Among their technological products is Amazon Fire TV, which streams live TV and enables users to watch hundreds of shows and movies. There’s also the Amazon Kindle Fire, which capitalizes on Amazon’s vast digital library in the form of a tablet computer with a seven-inch multi-touch display. Many still view Kindle Fire as a strong competitor to Apple’s iPad.

Amazon’s Dash buttons, while simple, are also an exciting addition to their array of tech. The Dash Button is a single-function controller that consumers can place around their house near items that need replenishing. Need a new order of Tide paper towels? Order a specific Dash button for Tide, put it near the towels and press the button when you notice them running low. They will then arrive on your doorstep in a couple of days.

Entertainment

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Amazon Prime offers much more than free two-day shipping. One of Prime’s most notable benefits is the increasingly impressive Amazon Video platform. The Amazon Prime Video show Transparent won the Golden Globe Award for Best Television Series, Musical or Comedy in 2005, while 2017 Oscar Best Picture nominee Manchester by the Sea is also developed by Amazon Studios.

Amazon is increasing their influence in both TV and film by producing excellent content, including many notable releases in development. They’re emerging as a viable competitor to cable, Netflix and Hulu.

Whether a consumer prefers reading a book or watching a movie, Amazon is seeking to have the entertainment niche covered.

Is This Amazon’s Peak?

Amazon’s firm grasp across multiple industries begs the question: Is this Amazon’s peak? While it’s impossible to tell definitively, stockholders should monitor the situation closely. Amazon has been a model of consistent growth since 2000. Presently, Amazon’s stock trades for approximately 130 times the business’s projected earnings for 2018 and almost four times its projected sales for 2018.

These growth prospects rely on revenue per customer growth. Although there will certainly be customers who increase their spending on Amazon, it’s difficult to think of any huge breakthroughs or offerings that will prompt more revenue per customer, especially upon Prime’s increase to $119 per year. Many customers may opt to spend that on a Costco membership instead.

Additionally, it’s important to note that Amazon’s acquisition of Whole Foods plays a significant role in the stock increases the past year for Amazon. The market seems to be operating under an assumption that Amazon will make a similarly buzzworthy acquisition this year, which is far from a given.

Still, even if market projections seem a bit optimistic at the moment for Amazon, there’s no doubting that the company will continue playing a significant role in shifting expectations within several industries, from delivery and entertainment to the brick-and-mortar experience.

Kayla Matthews is a tech journalist and writer whose work has been featured on The Week, VICE and MakeUseOf. Read more posts by Kayla on productivitybytes.com.

Business

How Office Design Enhances Productivity

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Did you know that how your workplace design can impact the productivity of your employees? Aside from this, office design also affects employee safety and health. A study by international architectural firm Gensler in the US states that even small workplace designs such as lighting and spatial layout affects employee productivity. So how does environment impact the health, safety and productivity of employees?

Sitting Down

Our work has a big impact on your health. Most of the time employees spend a lot of time on their desks, so they are becoming sedentary. As we all know, sitting down for long periods of time has adverse affects on our health. It makes us gain weight, which in turn can lead to more problems like heart disease and obesity. Getting sick could lead to more days away from work or hospital stays, which could inhibit productivity of the employee.

Designing office spaces that encourages movement or walking can help curb these problems for employees and employers alike. There are workstations that are designed to be used in either sitting or standing position. An open space design also encourages employees to walk from one section of the office to another. Sometimes something as basic as an ergonomically correct chair can help prevent ailments like back aches.

Lighting

Good lighting can help people see details clearly and increased visibility can help increase productivity. But, this does not mean to say that you can skimp on lighting in the office because a 1983 study shows that poor lighting is connected to low production levels and social satisfaction among employees. Many offices are composed of cubicles to give employees privacy to do their work. However, the cubicle arrangement also blocks natural light, which means that some employees are not exposed to natural lighting during an entire work cycle.

Humans are wired to seek natural lighting. In fact, all office workers in Europe must have exposure to natural light. Employees who had the best views were the most productive and were most likely to describe themselves as healthy.

Noise

Acoustics is another key contributing factor to productivity. To achieve acoustic comfort, the office must have appropriate acoustic support that is conducive to interaction, confidentiality and concentrative work. If it is too noisy, workers will not be able to communicate with each other let alone concentrate.

Other Factors

Aside from these factors, employers should also provide workers with suitable ventilation, access to greenery and the gym to help encourage healthy lifestyle. Even something as basic as giving them access to increase or reduce temperature in the office can impact their productivity. Employers should also encourage employees to personalize their workstations so that employees are happier. Work space design should allow employees to socialize with each other easily while at the same time giving them access to views and privacy, so that they can work properly and productively.

Good lighting, comfortable furniture, pleasant color schemes, and access to views or natural lighting can help generate positive energy in the office and employee mood. 79% of UK based employees report that a good working environment is important to their sense of job satisfaction.

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Things To Think About Before Quitting Your Day Job

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If you’re thinking about quitting your day job to go full time as a businessman or freelancer, there are many things you need to consider first. First of all, your job is like a security blanket. Letting go of it might sound adventurous at first, but it also comes with certain risks. Before you result to flipping a coin or removing the petals of a flower, here are some things you need to think about before taking the plunge.

Flexibility

Going into business or freelancing will give you flexibility for better life-work balance. Going to business for yourself will allow you to adjust your schedule so that you don’t feel like you’re chained to your desk the whole day. This is very beneficial, because you can work out your own schedule to fit your lifestyle. If you have children for example, you can be home when they are sick or when they’re home from school. Going into business or freelancing is also a good option for people who like to travel.

Benefits

One of the many reasons why people stick to their day job is the health benefits. This is a big factor to consider should you decide to quit. Health, dental, and retirement benefits can be expensive to put up on your own. Before deciding to stop working, make sure that you can afford to pay for these on your freelancing or business income. Work up a number before you decide to see how many clients you need to sustain paying for insurance on your own. Knowing how much you need will also result in a smoother transition when you leave your job.

Nest Egg

It is also easier to leave your day job if you have your finances in order. If you’re not sure if you can afford it, try to figure out how much you need as an emergency fund to serve as a buffer. This isn’t strictly for emergencies like getting sick. This will serve as funding for daily expenses until your business becomes profitable. One of the best ways to figure this out is to write several business plans to flesh out your ideas. Not only will this allow you to strategize if plan A does not work, it also gives you an idea what you will do using different scenarios.

Your Job Is Failing You

Do you feel yourself stretched too thin or unfulfilled? This might be because your job is failing you and quitting might be the answer. A business or going freelance, on the other hand, will give you time to think about or try new ideas. It will be like breaking out of the 9-5 routine and going on an adventure on uncharted waters. If you feel trapped, quitting and starting a business might just be a good option for you.

Self-Starter

You also need to ask yourself if you’re a self-starter. When you’re in charge of your own schedule, it might be tempting to get up later or to procrastinate starting something. When you don’t have a boss looking down your shoulder, you need to be a self-starter and self-motivator to get yourself going.

Deciding to quit your job to start a business or to go freelance full time is a big decision. Considering the above factors will help you decide if striking it out on your own is a good fit for you. It is also best to remember that you can find another job if it does not work out for you.

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Make The Most Out Of Meetings

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Companies invest lots of time and energy to conduct business meetings. It can be frustrating if the meetings fail to bring the desired result. Meetings can be painfully boring and you may try to avoid it, but with proper steps, you can come out with a winning smile from the conference room.

Be prepared

You are invited to a meeting with a definite purpose. Be prepared to be an active participant in the discussions. Try to know the topic of discussion. Keep your notes ready. Plan how you want to execute your points. The more you do your homework, the more confident you feel about the proposed meeting.

Develop a plan and write a summary

Once you know what you want to accomplish in the meeting, you need to develop a plan to execute it. Write all the major points you want to communicate in the meeting on a paper. Avoid complex language. If you use lucid language, everyone can follow and understand you. If a written summary is ready in your hands, you feel more confident before entering the venue. Be prepared for the questions. Try to answer the questions patiently.

Network

Try to build a network for yourself when you participate in meetings. Arrive early and have some time to get to know the people. Mingle with all the participants of the meeting with some casual conversations. Building a good working relationship with the people outside your team can help you progress in your career.

Smart use of time

It is very important to finish your presentation within the time limit. Do not stretch the duration of the meeting with an unending series of questions and answers. People may not encouragingly listen to you if you extend it too long. Participants should not feel that their time is wasted.

Participate and encourage participation

Most people do not find meetings engaging enough. They either play with their phones or whisper within themselves. You can impress everyone with your listening skills. Do not distract yourself from the discussions. Ask appropriate questions after each of the presentations at the meeting. When you present, try to maintain eye contact with the participants. Appreciate when they ask you good questions. You can add some variety in the stiff environment of the meeting by arranging some creative games in-between.

Learn from the past

If you have been to business meetings before, you already have a clue how to go on with your idea. Learn from the mistakes you made before. If this the first time you are participating in a meeting, get some information from your team or review the past presentations made by your seniors.

Time to shine

When you are invited to an important meeting, make the most of it. Do not be apprehensive. Take it as a chance to show your potential as an employee. Your seniors will appreciate your efforts when you prepare yourself hard for the event. When you participate actively in the discussions and ask intelligent questions, you get a chance to impress your colleagues.

 

Meetings are a part of the modern corporate world. You cannot afford to miss all the meetings. If you can prepare yourself well for the meeting, you feel more positive and confident.

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