Unfortunately, progress is often disrupted . @Hengshao90or on Facebook. So, making achievable short-term objectives and rewarding the people who meet the targets can motivate employees. cite it. 2013). 6. Members of the team demonstrated mutual professional respect and worthiness. One of the first things that new Alibaba employees are asked to do is to come up with nicknames for themselves. comhem. The theory was pioneered by an American engineer, Fredrick Taylor (Huang et al., 2013). Even those at the top of the pyramid are referred to by their nicknames, so to minimize the sense of structure and superiority. This helps employees feel valued and can remove animosity between employee and employer. The collaboration was on another level enabling us to achieve many objectives with ease. Generating short-term winsmanagers and employees like the sense of achievement. Upon looking at an old coworker, he realized he doesnt want a future like that. In terms of recognition, Apple provides this strategy with two kinds of rewards. However, the employees morale is crucial in improving performance. isbn13=9780060548780 [Accessed: 09 Nov 2012]. International Journal of Organizational Innovation (Online),5(4), 78. Moreover, this reward system will motivate employees to work harder since they will be more likely to think about the outcomes of their behaviour in the company. As we know, Ma established the first e-commerce company in China and also founded Alibaba, the largest retail trading platform around the world. 5) Be just and fair-Your boss should view every employee as being on an equal footing. It designed simple websites which listed the contact information of the businesses. com/browseinside/index. Then the number of restricted shares held by employees will increase as a result of the annual bonus issue of new restricted shares. 5 p. 12-13. Notably, there is a need for team working to enable large companies to remain competitive and realize a return on investment. Business Marketing To name a few, Bill Gates owned Microsoft and Jack Ma owned Alibaba. 27th February 2023. Thus, if the pre-supervision runs into a problem, it represents the failure in enterprise culture management. According to Sanyal and Hisam (2018), the significance of any teamwork lies in its effectiveness. 3. Alibaba Group Holding Limited has began in year 1999 when the founder , Jack Ma founded the website Alibaba.com, a sales services via web portal that can connect with overseas buyers. The system is the same as Google AdWords ads pay on the basis of the number of clicks on the ads. Get plagiarism-free solution within 48 hours. So, he went to the US for inspiration. These, along with other factors result in a loyal base of employees, who are ready to put in long hours. Customers Value Co-creation in Automotive Sectorthe Case Studies of BMW Co-creation Lab and Volkswagens Peoples Car Project in China. In conclusion, the team members noted effective teams to be defined by purpose, good leadership, mutual respect, inclusion, and construction communication. Dewalska-Opitek, A. 48 Vitosha Boulevard, ground floor, 1000, Sofia, Bulgaria Bulgarian reg. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Compensation is based on: hXr:~ 0+ya M8P1$vn3V]i%}j])8L Finally, good teamwork is characterized by diversity and equality (Sanyal and Hisam, 2018). A former English teacher, Jack Ma cofounded and chairs Alibaba Group, one of the world's largest e-commerce businesses. Management strategies call for suitable coating, management theories. And the presence of over 9 million businesses just proves how popular Alibaba is. In addition, the company also concerns social needs which hope the employees have belonging feeling. Thank you! Submit your documents and get free Plagiarism report, (Rate this solution on a scale of 1-5 below). He established an Internet business Hangzhou Haibo Network Consulting back in 1995. This can be illustrated by the following equation: Individuals outcomes/individuals own inputs = relational partners outcomes/relational partners inputs (Adams et al, 1976). Considering that, To hold worker we need to zero in on essential things Future development - All the worker center toward future development. Motivation Alibaba Jack Ma adopts David McClelland's 3 Needs Theory. Employees are the most important asset of an organization and organization has the responsibility to keep happy, motivated and satisfied so that their interest does not diminish in work. endstream endobj startxref Graduate of Chulalongkorn University. If invested in and developed, employees are more likely to feel their social needs are met by being part of a team are well regarded and appreciated for their skill set and therefore motivated to work harder to reciprocate which leads to higher production and efficiency. It is an internet company with a higher market value in this period, founded by Jack Ma. Last year, the company became the world's largest retailer and has surpassed Walmart. While the Alibaba team has snowballed from the original 18 founding members to a giant of 24,000, some of the cultural elements from its earlier start-up days have been carefully retained. Alibaba Company is one of the largest companies in the online commerce industry and the global scope. However, it is difficult to transform corporate culture into practice to some extent. Consequently, improved leadership fostered decision-making between related projects. The significance of the management team, especially in large organizations, is emphasized by the attached functions. 6. Alibaba, the most well-known online company in the world founded by Jack Ma has implemented and improved their management system in many different styles in order to fit different companies in. (2020). While being committed to their responsibilities, people need to follow their hearts and insist in their beliefs. Drawing from the principle of team welfare, team members were assigned the duty of checking on colleagues. (1984). In spite of lack of experience and funds, Jack Ma started something which, years after, is a motivational success story for the budding entrepreneurs. Moreover, an effective team is guided by the principle of resource allocation (Sanyal and Hisam, 2018). 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 . 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. While Apple, a high technology company from the U.S., places importance on recognition through rewards, personal improvement by training and learning, and communication between the organization and employees. It appears that in this issue managers ignored fraudulent behaviours behind the performance-chasing. The team also adopted the effective conflict moment. And STEPHEN, D. (2003). If you too have the desire and spirit to achieve something, nothing is stopping you. The company would reward those outstanding performance colleague though global announcement intranet system, which can strengthen employees confidence and create higher motivation to achieve good result in company. 2. can use them for free to gain inspiration and new creative ideas for their writing hbbd```b``"H XL*Hi` Td,\ 6ADrEHdizlQ)fN RD@: = '?d7 According to the company's founder Jack Ma, employees are essential and give second priority ahead of investors (Bo and Chan, 2018). One main reason is that performance is an ongoing process (Workforce News, 2016). For example, for self-improvement Alibaba may provide training, mentoring, and learning to employees. 209 0 obj <>/Filter/FlateDecode/ID[<174F6B9330FF0045907F5F954E9BD9D1>]/Index[182 65]/Info 181 0 R/Length 132/Prev 507426/Root 183 0 R/Size 247/Type/XRef/W[1 3 1]>>stream Similarly, employees, strategies, synergies, and systems form vital components in an organization setting. Jack tries to make sure that every customer has an experience like no other. Twitter (2013). A young high-tech company, Tattoo, has grown rapidly during the last few years and it is very clear that the CEO, Paul, has kept the entrepreneurial spirit of the company.. Because we cannot provide ARTE'S personnel replacement chart we have made our own overview which we belief that must be a little similar to not only AIRTIME but also all. 1. 2 The psychological imbalance Employees of equal position and qualification serviced in the parallel department with the same salary may havequite different perceptions of the fairness. His career began as an English teacher. A third characteristic of the corporate culture is a sense of . Management Theory Influences Team Working. 2 External reasons 4. But Alibaba isnt only about the customers; it takes care of the employees too. Assessment 3 Instructions: Analyzing a Current Health Care. Notably, simplifying attached duties per given employee is aimed at job uptake and realization of linked objectives (Greve and Argote, 2015). Meanwhile, with the rapidly increased number of employees in Alibaba Group, the previous culture management has to further improve. International Distribution Policy Comparative Analysis between Samsung and Apple. 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. Notably, the team members felt a sense of group worthiness and ownership. Drawing from the principle of good leadership, the Alibaba Company team was effective and hence able to achieve several objectives. Image Courtesy of Dan Croitor From the activities, team members noted the success of a group is about applying and utilizing teamwork principles. InInternational Conference on Transport Systems Telematics(pp. But those soon ran out as the size of the work force expanded. The following strategies can help a manager persuade staff members to remain on the job and provide valuable contributions for over 30 years: 1, Singapore's Richest 2019: Sea's Forrest Li Carves Out A Place As Country's Only Online Gaming Billionaire, Singapore's Richest 2019: Daryl Ng Takes His Family's Sino Group Into The Future With 5G, AI, Unmasking The Hidden Billionaire Behind A Korean Beauty Kingdom. Similar strategies: personal improvement and communication. 1) Jack Ma adapts charismatic leadership theory. Long term by giving employees increases employees will be apt to stay with the company and this benefits the company in not having a high turn-over. According to Mas speech, he mentioned that Alibaba group has already developed its own equity incentive system, after the development and research of Ma and other senior Ali, Ali group came up with an uniquerestricted stock plan to motivate his employees. yesterday. Conversely, lack of purpose in a team infiltrates irrelevancy, diverse ideas, and wastage of ideas. %PDF-1.7 % Recommendations 6. 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. A robust online marketing strategy is the sole determinant of the company's success. Sincere compliments increase employee motivation and produce effective results. Alibaba employees are motivated through good salary packages and involvement in decision-making. Traditionally, implementing a strategy costs a long time to achieve success. Although the Chinese company focuses on personal improvement and communication as the American corporation does, it implements these strategies in different practices. S&F Sicherheit und Frieden,38(2), 112-117. Improve retention; employees are more loyal and motivated when their bosses take time to help them improve their skills. (2013), managers are entrusted with planning, coordinating, organizing, staffing, and leading. com. Essentially, every corporate team has a purpose of pursuing. In 1999, he founded the Alibaba Group as a business-to-business, e-commerce platform. Analysis (linked to HRM theory) There is always a kind of psychological motivations behind any subjective action, and the online fraud scandal of the Alibaba Group is no exception. Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. Belief in an employee is appropriate if they are capable. And they got the taste of success soon. Staff feel happier if they feel valued and are likely to stay within the organisation. Greve, H. R., & Argote, L. (2015). Samsung doesnt reward their employees at all, instead they manipulate employees mind with the awareness of economic environment. International Journal of Research in Marketing Management and Sales 2019,1(2), 24-27. Nytimes. Additionally, an effective team is guided by the principle of collaboration (Mazur, 2017). Therefore, you shouldn't always expect your employees to work overtime; instead, allow them to enjoy their own leisure time. Personal welfare from the leader and among colleagues was remarkable. Drawing from the principle of resource allocation, the team ran out of fieldwork facilitation money. The Alibaba Company is an online marketing business that bridges wholesalers and retailers all over the world. Another thing which helped the Alibaba founder story become an exceptional motivational success story is their customer-friendly policy. Produce effective results Health care Zi, or free and unfettered man, goes by old Xiao organizations, emphasized! Thus, if the pre-supervision runs into a problem, it implements these strategies in different practices and. 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