Management plays an essential role in an organization regardless of the size. With a futuristic mindset, Jack founded Alibaba back then, in 1999. COO Daniel Zhang, whose nickname is Xiao Yao Zi, or free and unfettered man, goes by Old Xiao. Mas nickname is Feng Qing Yang, or The Wind Blows Brisk And Light, although it does not appear to be in frequent use. Meanwhile, with the rapidly increased number of employees in Alibaba Group, the previous culture management has to further improve. In addition to sharing information between peers, Alibaba also supports lower-level employees to express their ideas and opinions to upper-level employees via the Open Box. your own essay or use it as a source, but you need 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. All rights reserved. We buy. It appears that in this issue managers ignored fraudulent behaviours behind the performance-chasing. Another way to maintain healthy and positive surroundings is to treat them respectfully. Even today, the household expenditure accounts for only one-third of the economy. Therefore, it points out that Alibaba and Apple have both similar and different strategies in attracting and retaining employees. Submit your documents and get free Plagiarism report, (Rate this solution on a scale of 1-5 below). In terms of self-improvement, Alibaba focuses on mentoring and learning. Notably, the team members felt a sense of group worthiness and ownership. Alibaba Company is one of the largest companies in the online commerce industry and the global scope. 6. One of the first things that new Alibaba employees are asked to do is to come up with nicknames for themselves. This is where continuous feedback can allow them and change their mindset as it relates to their function and purpose within a company. Economist. A Developmental Role for Militaries in Africa: The Peace Engineering Corps Solution? Maslows Hierarchy of Needs. There is the principle of effective communication among the team members. Unfortunately, after employees have been satisfied with all these five levels of needs, the worldview, philosophy and value view of them will be generally changed in a climate of corruption. The mantra of the company is customers first, employees second and shareholders third. And he doesnt bow down to shareholders demand, always looking for profits, even when the business is down. They also treated the members with dignity and respect. 6. Alibaba may maintain original practices and add new strategies. assignments. But this new business was like a house of cards. number: 206095338, E-mail us: The length of our marriage is 102 years, and we have 87 years left. Jack launched Taobao at that time; it was the lively graphics and densely packed display of Taobao, which Chinese loved. Critical Reflection on group presentation Because our group has not given the presentation to the class, I could just conclud some limitation about the analysis of this report. Considering that, To hold worker we need to zero in on essential things Future development - All the worker center toward future development. 0 In Alibaba, an employee shall be entitled to exercise for one year after he or she receives the restricted shareholding unit. First, the company gives extrinsic rewards, such as money, gifts, or bonuses. 2. eBay bought the company which controlled about 90% of the business. 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. 4. People are curious about their performance. The company created its own mortgage fund called "iHome" in October 2011, allowing employees to apply for interest-free loans for property down payments. support@phdessay.com. However, employees create the best elements crucial in attaining success in the organizational departments, workshops, and business units. In Kyukim's blog, he talks about Samsung motivates employees by "threatening" the employees in South Korea. Employees that successful innovate new products are promoted to be the managers of that product division, this ensured that other staff members are motivated to work harder and discover new product innovation as they seek to one day become managers of their developed product lines. ESOP is defined as a company-established benefits plan in which employees acquire stock as part of their benefits. Twitter People even compare it to Amazon but Alibaba is far more popular in China than Amazon is in America. Moreover, behavioural management theory is adopted in large organizations likes Apple, BMW, and Kentucky Fried Chicken (KFC) (Greve and Argote, 2015). Low: Fears failure, avoids responsibility. On the other hand, Apple highlights in training and learning. On the other hand, Apple focuses on communication between the organization and its employees. In conclusion, the team members noted effective teams to be defined by purpose, good leadership, mutual respect, inclusion, and construction communication. Moreover, the company also listens to employees opinions no matter they are in an entry position. 2 The lack of control and management system It is not just incorrect psychological requirement or the unsound political system is blamed for breeding corruption, the lack of core value and culture control of the company is one of the significant factors which could not be ignored. 1 The greedy desire It is difficult to satisfy individual demands because everyone would move to the next more advanced platform of the hierarchical pyramid that Maslow created frequently once the prior need is met, especially in modern society. Aarts (2014), The truth about employee engagement. This openness to criticism within the company is accompanied by a flattened hierarchy. Last year, the company became the world's largest retailer and has surpassed Walmart. 3) PraisePraise is always beneficial. 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. Sustainability, 12(11), 4379. (15 The values of Alibaba put the customer in the first position. In the US economy, however, consumer spending contributes to two-thirds of it. Meanwhile, the firm should adjust its organizational structure that supports employees in every level to be able to talk or share opinions without feeling unsecure. In 2000, in the dot-com bubble, everything shattered. @Hengshao90or on Facebook. Moreover, the report has only provided superficial explanations of the issue because of the insufficient knowledge of Alibaba Group and the limitation of those methods linked with. Constructive communication also helps in conflict resolutions and decision-making. While if this ratio is unequal, it leads to equity tension which was called the negative tension state by Adam (1976). News. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); HR professional, 6 years of experience in training & development, with credential from New York University. This will not only demotivate the workers, but also will result in a high employee-turnover if other companies provide with higher salary as a motivate factor. According to Yun et al. Moreover, it has been analyzed by Toma et al., (2019) that Alibaba's cultural values have been critical to the company's growth and success. Alibaba covers the lodging and meal expenses of the immediate family members who are invited to join. 5. A third characteristic of the corporate culture is a sense of family unity. The significance of the management team, especially in large organizations, is emphasized by the attached functions. Everyone he asked, knew about the story of Ali Baba and the Forty Thieves. Although the Chinese company focuses on personal improvement and communication as the American corporation does, it implements these strategies in different practices. Employees who are not familiar with the company, new tasks, or any specific projects will have mentors to help support them to succeed in their jobs. Introduction Human resource management (HRM) means the activities of management in the employment relationship (Boxall and Purcell, 2003). We use cookies to ensure that we give you the best experience on our website. writersbid.net provides writing and research services for limited use only. Import & Export on alibaba.com by April of 2014, a total of 3,852 employees have been provided more than $150 million of loans. Consequently, information sharing lowered the workload of the members. Workers can be joyful and productive in a surrounding that values the necessity to balance leisure and work (Ranade, 2022). Retrieved from http://www.profitguide.com/manage-grow/human-resources/the-truth-about-employee-engagement-62387, Markos, S. & Sridevi (2010), Employee Engagement: The Key to Improving Performance. Please ADD to cart and get the word file for this sample Paper. Bbc. Notably, to execute the duties collectively calls for effective strategies. The team leaders communicated the essence to timely reporting of unprofessional differences between the members of the group. [online] Available at: http://news. The leadership of Alibaba, from the founder to the operational management, has adopted an enabling working environment through scientific management theory. Besides, the recommendations have not taken everything into consideration. Equity is considered when this ratio is equal. Every week the company will set up a meeting where all employees can join and share their ideas and experiences to other colleagues. Large companies such as Alibaba, Samsung, and BMW, among other organizations, are characterized by many employees within departments and entire corporations. Compensation is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required. 6. People are able to realise their abilities and potential, take on more responsibility or variety of tasks which improves versatility and prevents boredom leading to demotivation. Shalley, C. and Oldham , G. (2004). Then the number of restricted shares held by employees will increase as a result of the annual bonus issue of new restricted shares. 1 Internal reasons According to the perspective of Abraham Maslow who is well known for the hierarchy of needs theory, the pattern of behaviours based on individual needs (Poston, 2009). And, he traced the journey of Jack Ma from being a school teacher to the emperor of the online market of China. The overall success of Alibaba Company has been attained through effective management. Dd"a.B1k ai0a%e;DIv)$g#S2dJK SNK(8ht05q~b{pp. collected. Behavioral Theories of Organization. The company promotes teamwork in the workplace. A former English teacher, Jack Ma cofounded and chairs Alibaba Group, one of the world's largest e-commerce businesses. It is not uncommon that employees spend a couple hours of their days on these open discussions. Notably, for a team to be effective and remain relevant, it must have a flexible and skilled leader. Business Horizons, 60(1), 25-34. The Alibaba Company is an online marketing business that bridges wholesalers and retailers all over the world. Therefore, you shouldn't always expect your employees to work overtime; instead, allow them to enjoy their own leisure time. Even those at the top of the pyramid are referred to by their nicknames, so to minimize the sense of structure and superiority. So, making achievable short-term objectives and rewarding the people who meet the targets can motivate employees. If you too have the desire and spirit to achieve something, nothing is stopping you. Alibaba Group. We understand the importance of attracting and retaining the best people. Harpercollins. Another thing which helped the Alibaba founder story become an exceptional motivational success story is their customer-friendly policy. harmony in order to life, Hrm About Alibaba. Notably, none of the team members shared group strategies with other teams. Change). Most importantly, Alibaba also believes in action learning. When given more freedom at work, employees are happier in their jobs. Alibaba also offers unmatched customer service. As a result, it will help the company to improve both productivity and reputation in the e-commerce industry. Unfortunately, progress is often disrupted . A red sweater casually dangled over Mas shoulder, as he took the hands of two young children to grace the red carpet, and raised a glass of Chinese liquor to the love birds. Alibaba Group. Members readily suggested how to work, relate, and be our brothers keeper. com (2011). Motivations are often considered in psychology in terms of drives, which are internal states that are activated when the physiological characteristics of the body are out of balance, and goals, which are desired end states that we strive to attain.Motivation can thus be conceptualized as a series of behavioural responses that lead us to attempt to reduce . Frequently, the bitter complaints go on several hundred pages, as was the case following the launch of Alipay Wallet, which initially saw bumpy user experiences. And then the stage of needs moves to the third level subsequently-seeking social belongingness in the workplace. 27th February 2023. Using. cite it. 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