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How Amazon Rigs its “Buy Box” Algorithm
Amazon uses “Buy Box” algorithm to its own advantageFor Amazon sellers winning the “Buy Box” is everything. While Amazon says it’s a neutral arbiter, there is ample evidence that the company uses its algorithm to deliver outcomes that further its own...
Walmart gaining ground against Amazon
Walmart appears to be winning more customers Less shopping is happening on Amazon, and consumers are favoring Walmart, according to a new survey. The frequency of people buying items on Amazon six times or more per month has dropped to 40% this year from...
“Guanxi” – the Chinese way of doing business
Guanxi Concept in Chinese Mentality “Guanxi” is the traditional model of social relations in China, based on mutually beneficial cooperation, reciprocity and trust This term can be roughly translated as “personal connections”, or “social networks”. Basically, it is...
Amazon announces Small Business Academy
Amazon educational program to help entrepreneurs succeed onlineAmazon announced Small Business Academy program to help small businesses reach more customers, build their brand, and grow sales. The initiatives include in-person seminars, community college...
Amazon will turn US cities into ghost towns
Fears of potential Amazon influence on U.S. economy As Amazon continues to grow, there are worries that the number of big box stores or superstores will diminish, ultimately turning cities in “ghost towns”. "I believe that Amazon is going to destroy the...