Jeffrey Bezos

Most people believe a draw is either innate(p) or made. When it comes to Jeffrey Bezos, I believe it is a combination of the two. Bezos, founder of virago. com, was born into a family full of extraordinary people. Jeffreys step-father was a petroleum engineer and his granddad was the manager of the Atomic Energy consignments operations office (Bezos, Ebsco). During his childhood, Jeff was intrigued by his surroundings, often finding slip modality to alter or enhance everyday items. The people and experiences throughout Bezos livelihood have helped him incur the successful CEO he is today.Jeff Bezos, born Jeffrey Preston Jorgensen, was born on January 12, 1964 in Albuquerque, New Mexico. After his pargonnts split up, his mother raised him until he was two years old. In 1966, Miguel Bezos came into the picture. After his mother remarried, Jeff was lawfully adopted and took Miguels last name. (Bezos, Ebsco) Since a young age, Jeffrey Bezos has been intrigued by the way things defecate. At three years old, Jeff took a screwdriver to his crib, disassembling it into multiple parts. This trend continue when later down the road he built a marauder alarm with an electronic kit his grandfather had given him (Bezos, Encycl).Bezos grandfather, Lawrence Preston Gise, played a big part in who Jeff is today (Bezos, Ebsco). From age four to sixteen, Jeff would overstep the spends living on his grandfathers ranch in Cotulla, Texas (Brandt). Here, Jeffs grandfather put him to work doing jobs such as fixing windmills and repairing pumps. Bezos grandfather utilise his background in working on space applied science and missile defense systems to help spark Jeffs interest in similar things (Bezos, Ebsco). notwithstanding this was just the beginning. At age eight, Jeff was enrolled in a gifted program at his elementary school in Houston, Texas.Jeff delectationd his intelligence to wow teachers with his knowledge of computers. While n wizard of the teachers even k bra n- parvenue how to use a computer, Jeff and some of his friends had managed to program one. A local author by the name of Julie Ray took interest in Bezos and featured him in her book, move on Bright Minds A Parent Looks at Gifted Children in Texas. (Bezos, Ebsco) In 1978, Miguel Bezos was transferred to Miami, Florida where Jeffs fascination with space began. Jeff went to Palmetto High School where he was already thinking out of the box for his time.Bezos hoped to one day become an astronaut on a shuttle that would take passengers from earth into out around space. (Bezos, Ebsco) Bezos graduated from Palmetto High School in 1982 where he was class valedictorian. on with this honor, he received recognition from the Miami Herald for his academic excellence by winning the Silver Knight Award. Upon graduating high school, Bezos began running his own dividing line with his then girlfriend before heading off to college. Jeff spent the summer establishing an educational summer camp for children. Bezos, Ebsco) In the fall of 1982, Jeff began studying at Princeton University in New Jersey. He graduated summa cum laude in 1986 with a Bachelor of Science in Computer Science and Electrical engineer (Bezos, Ebsco). After graduation, there were many opportunities awaiting Jeffrey Bezos. He proceeded to go to New York to work for Fitel, a friendship that allowed him to build a worldwide communications entanglement for financial trading (Bezos, Encycl. ). Two years later, while Fitel was struggling, Bezos accepted a job with Bankers Trust Corporation.This virgin job opportunity allowed him to explicate software system applications for the companys pension fund clients. Jeffrey moved among the rankings quickly at Bankers Trust within 10 months he became the companys youngest vice-president (Bezos, Ebsco). But shortly after, Bezos realized this company was not for him. The next move would express important in Bezos path to becoming an up and coming entrepreneur. In 1 990, Jeffrey Bezos was hired by Wall Street financial trading company, D. E. Shaw. Bezos duties at D. E. Shaw included looking for new investment opportunities in areas such as insurance, software, and network.In 1992, Bezos proved he was capable of his role by securing one of the most successful qualitative funds on Wall Street. He was promoted to senior vice-president shortly after. (Bezos, Ebsco) While researching for new billet opportunities in the net sector, Bezos came across some data that would help him in his decision to develop Amazon. com. According to these numbers, the internet was growing at an exceedingly fast rate. Jeffrey decided it was a good time for his next big step. He throw overboard his job in 1994 at D. E. Shaw and prepared to venture into the world of online retail. Bezos, Ebsco) Jeffrey Bezos began by looking into what products could be sold successfully in the online retail market. He composed a list and determined that books would be the best choic e. Bezos told Karen Southwick in October of 1996 that there are 1. 5 million Eng lish-language books in print at any given time. If you take all languages worldwide, its about 3 million books active and in print. Bezos knew from his computer background that an online sorting and organizing database to secure books would catch on. (Bezos, Ebsco) Jeffrey and his wife Mackenzie packed up and headed for the west coast.Jeffrey chose to start his new conquest in Seattle, Washington. Seattle offered a massive number of skilled workers and was rigid by the largest book distributing company in the United States (Bezos, Ebsco). After experimenting with polar names, Bezos decided to name the company Amazon after the worlds largest river (Bezos, Encycl. ). Using money from investors, his savings, and his parents, Bezos launched Amazon. com in July of 1995 from his garage in Seattle. At the smashed of the first month, it is said that Bezos had received orders from clients in all fifty sta tes.The large quantity of books available on the database as well as the new features available on the site enticed many clients. (Bezos, Ebsco) Bezos and his colleagues established features that would change internet shopping forever. Amazon was the first of its kind to offer one click-shopping, customer reviews, and e-mail order verification (Hoovers). Bezos main focus of the site was customer satisfaction. Along with these new additions to the site, Amazon was also one of the first companies to cipher credit card numbers, ensuring safe shopping for their customers (Bezos, Credo).Jeff Bezos helped familiarize the humanity with on-line shopping, and it quickly became as popular as a trip to the amble (Bezos, Ebsco). After attracting 3 million customers, Bezos decided to take Amazon public in 1997. Jeffrey Bezos quickly became one of the first internet billionaires (Bezos, Credo). In 1998, Amazon broadened their inventory and began shoping new products in order to gain new custo mers. Along with books, Amazon. com began offer CDs, videos, electronics, costume, toys, and bet ons to its millions of customers worldwide (Bezos, Ebsco). In 1999, Amazon. om hit a wide milestone when its sales crossed the billion-dollar mark. During this same year, Jeffrey Bezos was named Time Magazines Person of the Year (Bezos, Ebsco). What once started as a small company in Bezos garage in Seattle had turned into the worlds biggest everything investment trust. In 2000, Amazon. com teamed up with ToysRUs. com to launch a co-branded toy and video game store. However, this new partnership would not last long. Over the next a few(prenominal) years, Amazon would dabble in an array of products. In 2002, Bezos began offering clothing sales from large retail stores such as the Gap, Nordstrom, and Lands End.A few years later, in 2006, Amazon. com dabbled in online dry groceries. A year later the company began offering a fresh rescue service for the Seattle area. (Hoovers) In 2007 , Amazon expanded once again. Bezos introduced Amazons new electronic portable reader, the Kindle. By 2011, Amazon announced that they sell more e-books than printed books. Along with new items such as the Kindle, Amazon began offering products and services such as self-publishing, online advertising, e-commerce platform, hosting, and a co-branded credit card. (Hoovers) Today, Amazon. om has five world(prenominal) websites for Canada, France, Germany, Japan, and the United Kingdom. The company has an estimated 20 million customers in 160 countries across the world (Bezos, Credo). According to Hoovers Quick Report, Amazon. com employs 56,200 employees as of 2011 at all of their sites. Amazons efficient operating model has allowed it to observe despite downward pressure on prices. Offering low prices to their customers has been a key success to Amazons business strategy (Hoovers). As a Business Management major, there are many things one can learn from looking at Jeffrey Bezos life. He saw a business opportunity and did everything he could to make it work. Starting off in his garage in Seattle, Bezos turned Amazon. com into the worlds largest online store. Despite the many years of not turning profit, Bezos managed to make Amazon. com into the company it is today. By focusing on customer service, Jeffrey Bezos was able to appeal to new customers and keep the current ones satisfied. workings Cited Bezos, Jeff (1964-). (2010). In The Hutchinson Unabridged Encyclopedia with Atlas and Weather Guide. Retrieved from http//www. credoreference. om/entry/heliconhe/bezos_jeff_1964 Bezos, Jeff. (2003). In Capstone Encyclopedia of Business. Retrieved from http//www. credoreference. com/entry/capstonebus/bezos_jeff Bezos, Jeff. (2004, Jan 1). Leaders of Information Age (Bio reader Bank. Brandt, R. L. (2011, Oct 15). REVIEW Birth of a Salesman Behind the Rise of Jeff Bezos and Amazon Richard L. Brandt on the Founders Texas Roots, the Sites Chaotic Early Days, Why Negativ e Reviews are Allowed and the Increasing Use of Personalized Data. Wall Street Journal, pp. C. 1. -C. 1. http//search. proquest. com/docview/898391472? accountid=2837