World's Most Innovative Companies

Amazon.com

It is an American multinational electronic commerce company which is headquartered in Seattle, Washington, United states and is the world’s largest online retailer. Amazon.com produces consumer electronics like Amazon Kindle, which is an e-book reader and is provider of cloud computing services. The company was incorporated by Jeff Bezos in 1994 and went online in 1995. Initially it started as an online bookstore but later it diversified into selling DVDs, CDs,MP3 downloads, software, video games, electronics, apparel, furniture, food, toys and jewelery. In 1999 it launched its web auction service which failed to compete against eBay. In 2007 they came up with AmazonFresh which is a grocery service offering both perishable and non-perishable food. In five years the company’s average sales growth is 32 percent, the net income growth is 37.6 percent, the enterprise value is $92.7 billion and the innovation premium is 58.9 percent.