{"id":176627,"date":"2023-06-08T13:39:34","date_gmt":"2023-06-08T13:39:34","guid":{"rendered":"https:\/\/precoinnews.com\/?p=176627"},"modified":"2023-06-08T13:39:34","modified_gmt":"2023-06-08T13:39:34","slug":"amazon-management-loses-control","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/amazon-management-loses-control\/","title":{"rendered":"Amazon Management Loses Control"},"content":{"rendered":"

An analyst who covers Amazon wrote a letter to management. In essence, it said the company has moved in so many directions that it is out of control. \u201cBut what we\u2019ve seen recently is a company simply pursuing too many ideas, with weaker ideas taking away the oxygen, capital, and most importantly focus from the truly disruptive initiatives that \u2018only Amazon can do,\u2019\u201d Mark Shmulik, an analyst at the investment bank Bernstein, wrote. And he is right. (These companies have the best reputations.)<\/p>\n

Amazon\u2019s only real success is in two areas and has been for years. The first is its huge e-commerce business, the largest in America and one of the largest in the world. The other is its highly profitable cloud business, Amazon Web Services, also the largest in the world. Jassy added too many costs to Amazon, particularly in distribution infrastructure, but that is a problem he can fix.<\/p>\n

Amazon is in businesses that range from grocery stores (Whole Foods) to doorbells (Blink). Each has to be managed and is too small to be worth the effort.<\/p>\n

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\nJassy has been criticized as a poor replacement for founder Jeff Bezos. Bezos is to blame to the extent that he put Jassy in charge. Today, Amazon has started to look like Alphabet, with its search, YouTube, email, maps and dozens of other businesses. Alphabet suffers from the Amazon problem, and Amazon suffers from the Alphabet problem.<\/p>\n

\nThere is an old saying in business management. One version comes from the management consulting firm McKinsey: \u201cStick to your knitting, then make the knitting stick.\u201d Amazon knits much more than it did a decade ago, and it shows.<\/p>\n

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Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An analyst who covers Amazon wrote a<\/p>\n","protected":false},"author":3,"featured_media":176626,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nAmazon Management Loses Control - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/amazon-management-loses-control\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon Management Loses Control - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"An analyst who covers Amazon wrote a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/amazon-management-loses-control\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-08T13:39:34+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/06\/Amazon-Management-Loses-Control.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/amazon-management-loses-control\/\",\"url\":\"https:\/\/precoinnews.com\/business\/amazon-management-loses-control\/\",\"name\":\"Amazon Management Loses Control - 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