Professional Documents
Culture Documents
“The more someone reflects on spending money, the less stoked they are going to
be to spend that money.” This statement expresses that the more abstract the
payment is, the more a consumer spends. Fewer steps on the path-to-purchase
reflect shoppers with more purchases. Amazon's master plan here is covering
grocery shopping 360-degrees and increasing the pace of consumer shift.
4. Can Amazon reproduce its online retail success in offline retail segments?
Will it be able to become one of the biggest offline retail players?
Amazon will surely be able to reproduce its online retail success in offline retail
segments due to its efficient and effective R&D, strong innovation and marketing
strategy, customer loyalty, continuously evolving public relations, stronger brand
image and brand value and efficient supply chain. Moreover, Amazon’s strong
customer equity of its prime members who are offering customer loyalty will help
uplift their position in offline market. Moreover, technological advancement in
AmazonGo leading to the ease of checkout free convenience store, thereby saving
the time of customers and making offline shopping superfast will eventually, attract
customers in front run and will help AmazonGo become one of the biggest offline
retail players.
What impact does the novelty of markets and technology have on Amazon GO's
eventual launch and implementation plan?
Amazon Go’s eventual launch and implementation plan had a massive impact on
both the novelty of markets and technology. Considering markets, there was a
negative impact as the launch of Amazon Go was a threat to the local retailers in
the market as they could lose their customers and could eventually lead to the
shutting down of their own private business. Moreover, it would lead to loss of jobs
and greater levels of unemployment. Considering technology, Amazon was quite
appreciated, as it would now enhance the shopping experience of a customer by
eliminating the process of long queue payments thereby saving time and enhancing
customer experience. This attracted mostly everyone and it became the most
awaited thing to be launched. It also impacted the position of Amazon shares
positively in the market.