Ted Bauman Provides New Perspective On Retail Giant Amazon

Many experts are sure that Amazon is set to control at least 50% of the online commerce market within the next 36 months. Critics will point to Amazon’s growth into such a wide variety of industries, ranging from batteries to washer and drier sets, and its competitive prices against big box stores such as Home Depot, Wal-Mart, and Target.

Most Americans typically hold opinions about Amazon on the positive side, and rival merchants at least hold back from claiming that the online retail giant is utilizing tactics that could be deemed anti-competitive. Economists that follow these unfoldings so much to write about them, such as Ted Bauman, have very detailed opinions on these types of subject matter.

Ted Bauman is an economist and editor of his own 100,000+ subscriber publication; however, he is the type to spend his days focusing on the critical investment and financial issues for his readers. His wider perspective is likely due to his insights in market developments and his work as not a typical stock analyst, but a modern economist.

Ted Bauman will tell you the opposite of some of the buzz you may have been hearing around Amazon. Bauman not only claims that Amazon cannot be defined as a monopoly, but he even warns those of his readers who hold shares in Amazon of potential vulnerability.

Many of those who hold strong views on Amazon compare it to the original Sears catalog, based on the new experience for the consumer and the before unheard-of variety of goods to purchase in one place. Instant gratification is an important commodity for American shoppers, which is why almost half of products ordered online by Americans are sold by Amazon. With numbers already this high and growing to potentially above 50%, some experts believe Amazon should be broken down or restrained; however, Bauman argues that the revenue of Wal-Mart is roughly three times higher.

While Amazon holds up its share of ecommerce purchasing, the online giant still has plenty of brick and mortar competitors to keep it from becoming a true monopoly. In addition, Ted Bauman mentions the negative connotation that one usually finds with a true monopolistic firm, such as poor customer service that inflated prices that show a blatant disregard to its consumers (because monopolies can), that you do not find with Amazon.

As an expert, Ted Bauman believes we don’t need to worry about Amazon becoming a controlling monopoly; however, we may need to worry about other issues such as unfair business practices or data security. As smart consumers in this economy, shareholders or otherwise, these are all relevant issues to any individual.

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Through Her Leadership Strengths, Susan McGalla Inspires Women to Succeed

Even though workplace diversity creates a more dynamic environment and fuels greater success, many companies still lack a strong representation of women in the chain of command. Today, that’s starting to change and women like Susan McGalla are leading the way.

Susan McGalla is Thankful for Her Male Role Models

Susan grew up in a household filled with males, having two brothers with which to contend. The three of them were raised by a father who worked as a football coach and Ms. McGalla says that helped her father instill important communication skills in each of them. Susan learned how to interact effectively, because, if she wanted something, she had to speak up for herself. In a home with two teen boys, it didn’t pay to be timid.

Additionally, McGalla says her father wouldn’t make excuses for her, because she was a girl. Susan was expected to work just as hard as her brothers, which taught her the solid work ethic that has helped her succeed professionally.

Once she was ready to start working, she joined the staff at American Eagle Outfitters, where she applied that devotion to hard work for her own advancement. She rose quickly through the executive branch, ultimately becoming president of the company. After leaving American Eagle, Susan launched her own business, P3 Executive Consulting.

While becoming an entrepreneur fulfilled one ambition, Ms. McGalla still wasn’t satisfied. She continued to work towards getting the most out of her career, which ultimately led her to the Pittsburgh Steelers. This was the ultimate boys club, but that didn’t mean the management wasn’t willing to give Susan a shot. She took that shot, impressing her superiors with her dedication and savvy. Her work on the “wear what we wear” advertising campaign, which promoted Steelers attire, helped Susan rise in the ranks. The Pittsburgh Steelers was no longer closed to women.

Today, Susan McGalla is the Vice President of Business Strategy and Creative Development for the Pittsburgh Steelers. When she’s not working in that capacity, Susan sits on several boards, including those for the Magee-Womens Hospital Research Institute and Foundation and HFF, Inc. Ms. McGalla previously served as a trustee for the University of Pittsburgh. She also spends time serving as the director for the Allegheny Conference on Community Development. Susan McGalla is a graduate of Mount Union College.