Page 11 - Issue 50

teammates, they can go fix because this is a pretty
empowering and a great way to work and have a direct
relationship with your manager. Amazon hearing from all
their employees is more effective than having it filtered
through one or two voices. When there are unions, you
often end up with this “us VS them” mentality that's not
as productive when you're trying to invent and
accomplish. if Amazon wants to operate in the same
structure she has without unions, she must have
compelling benefits, and its why Amazon upholds certain
labor policies like the 19 dollars minimum wage per hour
and starting hourly salary and full health insurance, and
41K dollars in up to 20 weeks of Parental leave and
providing this career choice program funded where our
employees in the Fulfillment center have options between
an advanced education or college. those set of benefits
has been accomplished without a union.
According to Andy Jassy a lot of companies have
different strategies for how they think about Investments
and there is no one right way to do it but the way amazon
thinks about strategic Investments depends on the level of
success, customer service extension, differentiated
approach and most important the confidence Amazon has
in that area. That process leads to Investments that are
more predictable. Amazon’s investment in emerging
geographies was one of its biggest Investments in India
and Brazil, Turkey and Mexico which are huge
investment areas because it’s already over 25 billion
dollars in Gross merchandise grocery space. Going to live
in a world of omnichannel is predictable for people but Considering acquisition in the investment climate,
sometimes that process yields Investments that aren't as Amazon has done two Acquisitions relatively because
obvious. AWS (Amazon Web Service), for example, is they are super close to the main part of core businesses
very Capital intensive but there is a handful of companies but Acquisitions in this period will be interesting, like
that have the technical inventive aptitude. Investments Microsoft and Activision which is a core part of their
like Kuiper or Zoox (autonomous driving ride-hailing video business so it’s interesting to see what happens in
service) or Alexa have a lot of optimism about those bets, the gaming space. Your paragrThe case of acquisition
and the history of Amazon suggests that one of them may deals like Microsoft and Activision, whether they are bad
become that fourth pillar on top of the marketplace. The or good for competition and in general the idea of big
next year or two with this economic environment is going companies -that have lots of financial power buying
to test the long-term resolution of a lot of companies and adjacent businesses that they're able to subsidize as
they're going to be a lot of companies who decide that they've grown- has been the success of a lot of the
they're going to basically stop doing anything that's not business model at Amazon. As Andy Jassy states: “when
their core Revenue generating businesses. Amazon’s you have a company that has a very large share acquiring
approach is streamlining their costs in a bunch of another company that has a very large share in the same
different areas while betting on the things that they precise space, it’s difficult for companies to build the
believe in the long-term could change. right scalable experiences for customers.”