How has Amazon successfully dealt with book publishers’ channel conflict?

Background With the now well-covered Justice Department lawsuit against Apple and five major book publishers – three of whom have signed settlement offers – attention is now directed to the benefits of using the Agency model versus the traditional wholesale approach[1].  Professor Z. John Zhang of the Wharton Business School, who has done numerous studies in this area with co-authors Vibhanshu Abhishek, a current Wharton PhD student, and Kinshuk Jerath, a professor at Carnegie Mellon University, Read more [...]

Why are publishers fighting Amazon over prices?

Background When e-readers started to gain popularity in 2009, Amazon.com was the major player in this segment with the Amazon Kindle.  In an attempt to stop Amazon.com from accumulating too wide of a foothold in this relatively young, yet lucrative sector, publishers and consumer electronic companies banned together to fight Amazon.com (Altman, 2009).  According to Altman, Amazon.com “broke the digital market wide open in 2007 when it released the Kindle and offered thousands of e-books, including Read more [...]

The Definitive Drucker: Challenges For Tomorrow’s Executives

Click Here to learn more. “We need a new theory of management. The assumptions built into business today are not accurate.”-Peter Drucker For sixteen months before his death, Elizabeth Haas Edersheim was given unprecedented access to Peter Drucker, widely regarded as the father of modern management. At Drucker's request, Edersheim, a respected management thinker in her own right, spoke with him about the development of modern business throughout his life-and how it continues to grow Read more [...]

Benjamin Franklin’s List of Virtues

In 1726, at the age of 20, Benjamin Franklin devised a list of 13 virtues to live by for as long as possible, in an attempt to "live without committing any fault at any time." He then focussed on one virtue each week and kept notes on his progress. He began with "Temperance." The list read as follows. (Source: Benjamin Franklin: Autobiography and Other Writings) TEMPERANCE. Eat not to dullness; drink not to elevation. SILENCE. Speak not but what may benefit others or yourself; avoid Read more [...]