A historical and critical analysis of an entrepreneurial venture Essay - 1

A historical and critical analysis of an entrepreneurial venture - Essay ExampleStarting a job is an exciting venture however, it involves certain steps and stages in development. T presentfore, in my paper, I would homogeneous to make a historical and critical analysis of an entrepreneurial venture I will further construct my guinea pig study based on Amazon.com and analyze how the company has started and how it has developed, including the stages of venturing that I have identified, as well as problems it has struggled with and the traffic model that it has used according to a specific time frame and economic context. The father of Amazon.com, Jeff Bezos, had the vision of building a place where people can find and discover anything they want to subvert online at the lowest price possible. Now, before going any further into analyzing the way Jeff Bezos materialized this idea, I would like to look at hotshot of Professor William Sahlman2s lectures at Stanford and single out t he fact that he stated that entrepreneurship is about a way of managing that is focused on opportunity pursuit, future orientation and dismal execution regardless of the resources one actually possesses (Academic Earth). ... Even though he did not have precise extensive knowledge about the Internet, he decided to take the risk, because, as a true entrepreneur, he managed to grasp profit opportunities. This way, Jeff Bezos entered the universe of e-commerce and started his entrepreneurial venture with no previous trading experience. However, he did sympathise that the Internet was the one place that had the necessary means to help him accomplish his vision, since on the Internet one is able to develop a business that would be able to compete with other bigger businesses, by reaching customers which prefer the convenience of buying online. Jeff Bezos decided to start the company in Seattle because he believed that here he would find most of the technical professionals he needed. Th is way, Amazon.com was founded in Seattle, in 1994 and the company went online in 1995. The beginnings of the business were very humble operating from a garage, Amazon.com benefited from a total investment of 1 million dollars, coin which came from Jeff Bezoss personal funds, as well as loans from family and former co-workers. At that time, Amazon.com was selling only books online and the principal(prenominal) strategy was to save money while honoring first orders from the customers in order to cut practicable costs, Bezos built desks, bookcases, and other office furniture out of old doors and pieces of used lumber. To help supply electricity, he used power cables to bring electricity from the house to the garage. Once a customer placed an order, the round would immediately request the title from one of their book suppliers. Everyone took turns packing books for shipment. ( Encyclopedia of Business, 2nd ed.). The company struggled thusly with costs and expenses and