Amazon Has Changed The Entire Business Ecosystem Forever – Prof. Scott Galloway (NYU Stern)

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Amazon Has Changed The Entire Business Ecosystem Forever – Prof. Scott Galloway (NYU Stern)
By Szk7788 (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons

Scott Galloway is a Professor of Marketing at NYU Stern School of Business where he teaches Brand Strategy and Digital Marketing to second-year MBA students and is the author of the Digital IQ Index ®, a global ranking of prestige brands’ digital competence. In 2012, Professor Galloway was named “One of the World’s 50 Best Business School Professors” (Poets & Quants).

Galloway was elected to the World Economic Forum’s “Global Leaders of Tomorrow,” which recognizes 100 individuals under the age of 40 “whose accomplishments have had impact on a global level.” Professor Galloway has served on the board of directors of Eddie Bauer (Nasdaq: EBHI), The New York Times Company (NYSE: NYT), Gateway Computer, and Berkeley’s Haas School of Business. He received a BA from UCLA and an MBA from UC Berkeley.

Following is a presentation where Galloway speaks at L2’s Amazon Clinic about how Amazon is changing the traditional business ecosystem forever. Not only has Amazon changed consumer shopping habits, it has changed the relationship between shareholders and investors. Investors are no longer satisfied with steadily growing profits; instead they seek fast growth and strong vision – even at the expense of profitability. It’s a must watch for all investors.

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