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Creativity, Discovery, and Innovation
Introduction
In todays rapidly changing business environment, it is more important than ever for companies to encourage creativity, discovery, and innovation. By encouraging employees to think outside the box and come up with new ideas, companies can stay ahead of the competition and maintain a competitive advantage. Furthermore, by encouraging developers to take risks and experiment with new ideas, companies can create an environment where new products and services can be produced. In addition, by promoting a culture of creativity and innovation, companies can attract top talent and create an environment that is conducive to long-term success. Thus, it is clear that creativity, discovery, and innovation are essential for any company that wants to be successful in todays business world. This paper will look at the company Amazon and see how important creativity, discovery, and innovation have been for Amazon.
Amazon
I believe that Amazon is a business organization with a promising future. What has captured my attention about Amazon is that it has shown an ability to rapidly adapt to the ever-changing landscape of the business world. For example, when the COVID-19 pandemic hit, Amazon was able to quickly pivot its business model to accommodate the increased demand for online shopping (Ivanov, 2021). This is evidence of this companys success and indicates that Amazon has what it takes to succeed no matter what. But there is plenty of support for this affirmation, too.
Evidence of Its Success
I would characterize Amazons success in these terms: it has shown a commitment to innovation, investing heavily in research and development. This has allowed them to stay at the forefront of new technological trends, such as artificial intelligence and cloud computing. Furthermore, Amazon has been highly successful in expanding its reach beyond just online retail. In recent years, they have made significant headway into areas such as streaming media, smart home technology, and logistics. I believe that Amazons agility, commitment to innovation, and expansion into new markets will continue to serve them well in the years to come and will help it to continue to be highly successful in every market it enters in the coming years.
The Place of Creativity, Discovery, and Innovation (CDI) in Amazon
Amazon is a prime example of a company that has achieved success through CDI. Founded in 1994, Amazon has become one of the world's largest online retailers, thanks in part to its innovative approach to business. In...…everything Amazon has done has been successful, of course. Still, it is worthwhile to first take note of what is working. At Amazon, creativity, innovation, and discovery are key priorities. A culture of experimentation allows developers to take risks and experiment with new ideas. This has led to a number of successful products and services, such as Amazon Prime and the Kindle, Amazon Web Services (AWS), and IoT technologies (smart homes), and so on. However, not all of Amazons experiments have been successful. The company has had to shut down several projects, including the Fire Phone and the Dash button (Santos, 2015). Despite these setbacks, Amazon continues to invest in new initiatives. As Forbes points out, Amazon is the biggest investor in the future, spending $22.6 in research and development (Loeb, 2018). This shows that Amazon is committed to finding new ways to improve its products and services. So far, this approach has been largely successful, and it is likely that Amazon will continue to be a leader in innovation in the years to come.
In summation, Amazon is primed and ready to grow even more and in even better ways because it knows that creativity, discovery, and innovation are what…
References
Ivanov, D. (2021). Supply chain viability and the COVID-19 pandemic: a conceptual andformal generalisation of four major adaptation strategies. International Journal of Production Research, 59(12), 3535-3552.
Loeb, W. (2018). Amazon is the biggest investor in the future. Retrieved from https://www.forbes.com/sites/walterloeb/2018/11/01/amazon-is-biggest-investor-for-the-future/?sh=31ce03a91f1d
Santos, P. (2015). Why Amazon's Dash Button Will Flop. Retrieved from https://seekingalpha.com/article/3045576-why-amazons-dash-button-will-flop
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