“People think that’s ruthless.†Randy Miller, former director of merchandise pricing and product management at Amazon, defended Amazon’s business practices, including “the cheetah model,†which he describes as the method the internet retail giant would use to negotiate with book publishers.
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This excerpt is from an interview conducted for FRONTLINE’s documentary “Amazon Empire,†which examines how founder and CEO Jeff Bezos turned Amazon into a business empire that is unprecedented in the history of American capitalism.
For the full story, watch “Amazon Empire: The Rise and Reign of Jeff Bezos” starting Tuesday, Feb. 18 at 9/8c on PBS and online: https://to.pbs.org/2SH9uSj
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Watch FRONTLINE's 2-hour documentary, "Amazon Empire: The Rise and Reign of Jeff Bezos," here: https://www.youtube.com/watch?v=RVVfJVj5z8s
Man, he can barely get a sentence out he's so sheisty
This guy is the so real. I like him
1998 has nothing to do with their position of today and into the future. It's about action that needs to be taken against you now, you donk….
💹 Thank You!
This guy reminds me of George Hots. he seems like an arrogant know-it-all who cant wait to speak. He has horrible social skills.
This guy who once work for Amazon looks evil.
Regardless of the volume, no manufacturer is going to produce 10 dollars worth of goods for $9.99. However, Amazon can and will price the good below cost in the name of the market share, it might be a good deal for the customers in the short term, but in the long run it'll stiffens the local and regional economy.
Does Amazon management not realize that the real losers are their own customers (which they say are their highest priority), because as Amazon strives to control most products produced and sold, they are essentially targeting the same demographic. …by undercutting small businesses, burning out their own workforce, and devouring other markets who are essentially being groomed (if they aren't already) to be Amazon customers. Ultimately, Amazon cannot be all about the customer as they say. …Amazon does a lot right, but they and we as customers should realize there are limits, and consider that, as an example, maybe the all inclusive free 1 or 2 day shipping offered is not a required necessity for prime subscriptions to be successful.
What a load of POOP!
It's not JUST the volume…
It's being able to sell things like Kindle for a loss, making up for it in book sales.
Being able to sell things for 0% or loss for years, till the competition gives up.
Being able to get $$$ instead of paying tax by spending the $ on 'research' which is often… seeing what's selling, clone it, and make it cheaper without the creative development.
Owning the web servers. Owning the distribution centers.
There's even a big industry on people getting higher rankings on amazon listing…
yet, amazon can/will/dose popup there OWN brand over others, even pop up windows over top of items your trying to buy from others. – Priceless.
At every part of the system they are the gate keepers.