How Much Value Has Amazon Added to the Global Economy?

To be successful in business (or in life, for that matter), you must generate more than you consume. Your goal should be to add value to everyone with whom you come into contact.
By: Information Transformation Services
 
BIG LAKE, Alaska - Sept. 1, 2021 - PRLog -- How Much Value Has Amazon Added to the Global Economy?

"To be successful in business (or in life, for that matter), you must generate more than you consume. Your goal should be to add value to everyone with whom you come into contact. Even if it looks to be successful on the surface, any business that does not produce value for those it touches is doomed to fail. It'll be on your way out." In his final letter to shareholders, delivered last week, Jeff Bezos said as much. It's a wonderful message, and one that I wholeheartedly agree with and hope more businesses would adopt. But how successfully does he put his words into practise? And, given the laws of today's economy, why is it so difficult to put this into practise?

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Bezos began by recognising the riches that Amazon has created for its stockholders, citing a figure of $1.6 trillion in the second paragraph. That is the current market capitalization of Amazon. Bezos now controls nearly 11% of Amazon stock, which is enough to make him the world's richest person. However, while his Amazon stock is worth more than $160 billion, others possess more than $1.4 trillion.

Bezos remarked, "I'm proud of the wealth we've created for shareowners." "It's significant, and it makes a difference in their life. But I also know that it is not the majority of the value we have created." That's when he made the statement that I used to start my essay. He went on to describe the company's Climate Pledge and compute the value provided for staff, third-party merchants, and Amazon customers.

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Source:Information Transformation Services
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Industry:Accounting
Location:Big Lake - Alaska - United States
Subject:Events
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