The collaboration was on another level enabling us to achieve many objectives with ease. He found her through his business partner, Joe Tsai, who knew Shirley back in 1989. 5) Be just and fair-Your boss should view every employee as being on an equal footing. Moreover, they have an opportunity to look for a new position that matches with their abilities and interests. Alibaba Group. The merchants, however, can pay to get themselves featured. International Journal of Organizational Innovation (Online),5(4), 78. If you continue to use this site we will assume that you are happy with it. number: 206095338, E-mail us: Moreover, Jack tried expanding his business in the US. Notably, none of the team members shared group strategies with other teams. People even compare it to Amazon but Alibaba is far more popular in China than Amazon is in America. Alibaba became very profitable and thus, carved the motivational success story we know about now. Finally, good teamwork is characterized by diversity and equality (Sanyal and Hisam, 2018). Strategies for building effective virtual teams: Trust is key. Jack Mas leadership style is a key to Alibabas commercial success. com (1999). Business Marketing To name a few, Bill Gates owned Microsoft and Jack Ma owned Alibaba. But those soon ran out as the size of the work force expanded. In 2000, in the dot-com bubble, everything shattered. Therefore, it is why some leading cadres at Alibaba Group may feel unbalanced and help to defraud which negatively impact on the credibility of the company. Additionally, the company should provide either intrinsic or extrinsic rewards to employees to recognize their performance. Surprisingly, these allegedly fraudulent online shops account for 1. According to the companys internal data, by April of 2014, a total of 3,852 employees have been provided more than $150 million of loans. Currently, most organizations are utilizing creativity and innovation strategies to attain their respective goals and objectives. can use them for free to gain inspiration and new creative ideas for their writing From the research for the top three drivers of talent attraction and retention in the two big companies, it shows that Alibaba, a well-known e-commerce corporation from China, gives priority to enjoyment through passion and rewards, personal improvement by mentoring and learning, and communication between employees. Therefore, it implies that the management team should readily deploy applicable and relevant management theories to create a team working culture. And on that day in 2015, the first 10 minutes saw $1 billion worth of selling on Alibaba. Training and development has a positive impact on employees, this shows investment from the employer and enhances career progression. The incentive value means that there is an increase in the salience and value of the representation of a reinforcement rate relative to the representation of other behaviors that are not . Until the employee make themselves comfortable among different working relationship, it will not allowed to access to the hierarchy stage of self-esteem and self-actualization respectively. With so much going on, we also recognise the need for balance so we offer a range of services and benefits that help our employees get the most out of working at TNB. Alibaba team members were reliable and trustworthy. We support aspiring employees through development programs and opportunities - whether by moving up through the company, or by expanding their skills and experience. And lastly, as thesixth strategy they decided to adopt encourage achievement through a rewarding system. Samsung doesnt reward their employees at all, instead they manipulate employees mind with the awareness of economic environment. Alibaba may maintain original practices and add new strategies. Customers Value Co-creation in Automotive Sectorthe Case Studies of BMW Co-creation Lab and Volkswagens Peoples Car Project in China. Both the greedy desire and the psychological imbalance are the internal reason behind the problem. Also, different employees also require different motivational factors. Notably, effective teamwork is characterized by purpose, trust, commitment, and ownership, captured in its principles. Change). co. uk/news/business-13986308 [Accessed: 1 Nov 2012]. harmony in order to life, Hrm About Alibaba. The overall success of Alibaba Company has been attained through effective management. Develop a deep bench of talent who can step into your shoes as you advance in the company. Moreover, an effective team is guided by the principle of resource allocation (Sanyal and Hisam, 2018). pdf [Accessed: 06 Nov 2012]. Sustainability, 12(11), 4379. 246 0 obj
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In essence, the approach improved sharing among departments allowing a teamwork culture. Customer-first business philosophy The values of Alibaba put the customer in the first position. 1) Treat them respectfully - Treating your staff members well can help. (2013), different people have different ideas, beliefs, priorities, views, tastes, and preferences. Then the number of restricted shares held by employees will increase as a result of the annual bonus issue of new restricted shares. Consequently, as a result of motivation, the company has significantly increased its production frontier. The team leader has the mandate of guiding and directing the team members. Thirteen people were sentenced ranging from eight months to three years in jail after conspiring with suppliers to gain illegally around RMB 500,000 yuan in this online fraud (Nytimes, 2011). Notably, there is a need for team working to enable large companies to remain competitive and realize a return on investment. com/2011/02/22/business/global/22alibaba. Jack Ma later remembered: "First week, we have seven employees. essay. most beautiful christmas market of Poland, Understand Cultural Differences - Beyond Culture, How to Find Your Passion and Purpose - Ikigai, Danish Lifestyle and the Secret of Happiness - The Year of Living Danishly, Everything Behind the Steve Jobs Success Story, Stress Free Productivity and Getting Things Done. He paid $4000 to a Canadian man for the domain name Alibaba.com and launched the service in February 1999. The values of Alibaba put the customer in the first position. In conclusion, the adoption of behavioural theory in Alibaba improved teamwork, translating to goals and objectives achievement. In this decade, no one knows "Alibaba", the largest wholesale site in the world, which is a Chinese-owned website that has become international. Consequently, motivation and morale have improved the team working culture. Maslow's hierarchy of needs is a motivational theory in psychology comprising a five-tier model of human needs, often depicted as hierarchical levels within a pyramid. Economist. That makes his motivational success story even greater! Notably, the rights and freedom of a team member should not violate ethical working relationships with colleagues. Lacking of a set of scientific and effective control and management system cannot guarantee the mplementation of building both core value and enterprise culture of Alibaba. Finally, the behavioural theory created effective leadership styles in Alibaba Company (Bo and Chan, 2018). By continuing well assume youre on board with our Imagine and march ahead! 48 Vitosha Boulevard, ground floor, 1000, Sofia, Bulgaria Bulgarian reg. Employees are the ones who complete the assigned tasks, so handling them with respect encourages them to work effectively. The benefits for working with a company would be good health insurance plans, retirement plans, and different benefits for time off when needed from work. The last level is self-actualization, it may focus on top management how to achieve beyond its capabilities, for example, they can enjoy the bonus based on companys profit. 1 Opportunity. Researchers have identified three major components of motivation: activation, persistence, and intensity. Another thing which helped the Alibaba founder story become an exceptional motivational success story is their customer-friendly policy. The Hangzhou, China-based firm inked . Thus, if the pre-supervision runs into a problem, it represents the failure in enterprise culture management. 0
4. With the rapid expansion of international business scale in the development of Alibaba Group, they consider their contribution to the company is greater than the return. At the meeting, employees will summarize what they have done and what they have encountered throughout the week so that others can learn from their experiences. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Proudly powered by WordPress | Theme: Pink Touch 2 by WordPress.com. Aarts (2014), The truth about employee engagement. Even though different larges organizations are utilizing different management theories, the essay focuses on scientific theory in Alibaba Company. Traditionally, implementing a strategy costs a long time to achieve success. Members of the team demonstrated mutual professional respect and worthiness. The team leaders communicated the essence to timely reporting of unprofessional differences between the members of the group. Were the solution steps not detailed enough? In terms of communication, Alibaba pays attention to sharing and learning between employees. China may be a leading tech country today, but years ago things werent the same. Therefore, harnessing and channelling such diversity to attain organizational goals and objectives is critical. With a net worth of $38.3 billion, he currently holds the title as the richest person in Asia.. Ma's extraordinary leadership skills and interesting success story fascinated the . Malaysia Xiamen University Malaysia An online-fraud scandal in China: Alibaba and the 2,236 thieves | The Economist. Workers can be joyful and productive in a surrounding that values the necessity to balance leisure and work (Ranade, 2022). Therefore, this allows them to have a better idea of what they have done well which give them a sense of achievement. If you are someone who constantly researches theories and methods to implement in your workplace then you must have come across the name McClelland and his motivation theory. From the aspect of motivating employees to contribute effectively, the professional dedication in Alibaba's founding ideals, which means do extraordinary things with a professional attitude and a normal mindset. Get expert help in mere The use. Moreover, behavioural management theory is adopted in large organizations likes Apple, BMW, and Kentucky Fried Chicken (KFC) (Greve and Argote, 2015). The officers participated in the fraud are almost from a high-powered job position in Alibaba Group and own important resource and privileges in the company. After a long period of management experience, the style that most probably used by Jack Ma throughout his career for managing Alibaba group is the persuasive style. The following are psychological requirements which could associate with the fraudulent behaviours of officers at Alibaba in term of the greedy desire, the psychological imbalance and herd mentality. As we know, Ma established the first e-commerce company in China and also founded Alibaba, the largest retail trading platform around the world. References Mason, K. (2012). 2 External reasons 4. By offering employees an increase based on good work performance or by completing jobs on a timely basis employees are motivated to do the best they can for the company. Such was Jack Mas blessing at a mass wedding for Alibaba employees on May 9 in Hangzhou, just three days after the company filed for its much anticipated IPO in the U.S. %PDF-1.7
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(1984). com/browseinside/index. The employees feel that they have greater responsibility and trust put on them, this can generate greater participation, commitment, and a better job performance. Retrieved from http://www.scirp.org/reference/ReferencesPapers.aspx?ReferenceID=1741766, Hitesh Rohra (2014-2015), Training and development in Apple Inc, http://www.academia.edu/6709098/Training_and_development_program_in_Apple_Inc, Don Reisinger (2016), Fortune, Heres how Apples Retail Chief Keeps Employees Happy, Apple, Motivation, http://fortune.com/2016/01/28/apple-retail-ahrendts-employees/, Scott Matteson (2014), TechRepublic, 10 things you should know about Alibaba Restrived from https://www.techrepublic.com/blog/10-things/10-things-you-should-know-about-alibaba/, Alibaba group(copyright Notice 1999-2018), Alibaba official website culture and value http://www.alibabagroup.com/en/about/culture, HR professional, 6 years of experience in training & development, with credential from New York University. [online] Available at: http://www. Jack tries to make sure that every customer has an experience like no other. A scientific theory is a management theory utilized among large companies to create a team working environment. But this new business was like a house of cards. com (2012). Strengthen employees skills so you can delegate more tasks to them and focus on more important managerial responsibilitiessuch as planning. Companys leaders sometimes work directly with their subordinates. 2. Hes an investment banker with over 20 years of experience in China and is the writer of this Jack Ma book Alibaba. endstream
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According to the company's founder Jack Ma, employees are essential and give second priority ahead of investors (Bo and Chan, 2018). In Kyukim's blog, he talks about Samsung motivates employees by "threatening" the employees in South Korea. Moreover, the article expresses how major companies such as Accenture, Adobe Systems Inc., Deloitte, IBM Corp., Microsoft Corp., have removed the traditional performance evaluation to grow to be the successful business they are today. The Effects of Personal and Contextual Characteristics on Creativity: Where Should We Go from Here? Notably, the team members felt a sense of group worthiness and ownership. endstream
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