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Published byPeregrine Gibbs Modified over 8 years ago
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Adriana Masnyj Raquel Flores Andrew MacDonald Christofer Russo
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Company Mission Company Vision VRINE Model PESTEL Mode Five Forces Model and Complements Charting Value Curve Profit Pool
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Our mission underlines our purpose as a company. We make it our mission to promote a new and improved way of reading in which: ◦ Reading will become more fun and customizable ◦ Natural resources are protected by eliminating the need of paper ◦ Wireless device where any book in the world can be delivered to a user in seconds ◦ Readers are provided with a convenient method to carry their library
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Our vision is to make reading more accessible and more fun in a fast evolving world. As a team we want to improve the existing business model of the Kindle to make it more competitive in the current dynamic eReader market. We plan on improving the existing business model by using new technologies that will provide better service and quality to consumers.
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Value: Does the Amazon Kindle X provide value? More than 3 billion books are sold annually in America alone. This generates around 24 Billion dollars. Net sales of e-books amounts to 313 billion dollars annually. Having an e-reader device enables Amazon to take advantage of a large market that is also expanding. Yes Score: 4 Rarity: Are e- reader devices rare? Many other companies have offer e-reader devices (Apple, Sony, Barnes & Noble, etc). All these different e-reader devices enable the consumers to buy and read e-books. Since there are so many different devices available to the public, Amazon’s product is not rare. No Score: 2 Inimitability?Amazon is not the only large company that offers an e- reader device and an e-book store. Other companies have similar devices and store concept. Also, new companies can integrate the market by coming up with their own e- reader devices. No Score: 1 Nonsubstituta bility: is there a possibility for substitutes? There are substitutes to e- readers. Books are substitutes to e-readers. Also, consumers can use their computers to read e- books, which means they wouldn’t need to buy an e-reader device. Yes Sco re: 3 Exploitability: is there evidence that it is exploitable? Offering an e-reader to consumers can be exploited very well. Especially for a company such as Amazon, which has a great reputation and is known for its online bookstore. Making all books available through their online bookstore. Yes Sco re: 4
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Political -stable political environment -political group called The Democratic Leadership Council wants to implement “Kindle in every backpack” program Economic -lowered price from $259 to $189 -sales growth tripled -selling more e-books than hardcover books Sociocultural -common amongst 35 and up -next few years social culture will split btw Kindle and ipad Technological -text-to-speech function -PDF reader -improved e-ink Environmental -use of less paper -e-ink is more energy efficient Legal -taking legal actions against “hack sites” -intellectual property rights = Authors Guild believes that Amazon does not have right to turn an e-book into an audiobook
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