Posts Tagged ‘Amazon’

  • Amazon and Innovation

    Should the US Postal Service Be a Monopoly?

    Nov 14, 13 • 595 Views • No Comments

    The 5-digit zip code is rather amazing. Introduced by the US Postal Service in 1963, it became the key to automation. Whereas a single person could sort, at most, a letter in one second or 3600 an hour, zip codes meant machines could take over. Once we had...  [read more]

  • 15566_4.5_000012067999XSmall

    Creative Destruction: Chain Store Wars

    Aug 1, 13 • 586 Views • No Comments

    Visiting an Amazon distribution center in Chattanooga, Tennessee on Tuesday, President Obama was told by independent booksellers, “We are disheartened to see Amazon touted as a ‘jobs creator,’…when..the exact opposite is true.”...  [read more]

  • Prices convey information.

    Speed Pricing

    Sep 6, 12 • 350 Views • No Comments

    What does a price tell you? Assume that you were going to purchase a GE Advantium 120 microwave oven on Sunday, August 12. Comparing Sears, Best Buy and Amazon’s sellers at 3 a.m., you would have seen, respectively, $899.99, 809.99 and 744.46. At...  [read more]

  • Friction Free Clicks

    Feb 26, 12 • 282 Views • No Comments

    Which friction minimizing invention received a patent in 1999? Amazon 1-Click. Described by Amazon in their application for patent 5,960,411, the purchaser just hits a button that activates the movement of payment information from “the client...  [read more]

  • 16827_5.8_000015887204XSmall

    Creative Destruction and the Independent Bookstore

    Dec 26, 11 • 281 Views • No Comments

    The buggy whip, the typewriter, and now, maybe the independent bookstore? In a NY Times Op-Ed, author Richard Russo criticized Amazon for business tactics that would harm independent bookstores.  He cited friends who said, “They don’t win unless...  [read more]