A third characteristic of the corporate culture is a sense of family unity. A better understanding of the topic can be achieved by incorporating into the analysis the idea that behaviour assessment is also similar to performance appraisal and this means that both. In the shadow of the communist government, the people in China havent been very consumer-minded. The company also benefits by being able to set up guidelines of what is expected and by rewarding employees they will have employees that are accomplishing more and have a better attitude about their job. Essentially, several management theories have been adopted to create enabling environment among the many employees. hbbd```b``"H XL*Hi` Td,\ 6ADrEHdizlQ)fN RD@: = '?d7 Then theres employee relations, which helps build a positive relationship between employers and employees. The company promotes teamwork in the workplace. Samsung doesnt reward their employees at all, instead they manipulate employees mind with the awareness of economic environment. Many Internet companies lost substantial money, and many lost their business. Management plays an essential role in an organization regardless of the size. 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. 14 Motivational Theories and Models . New York, Academic Press. com (1999). Introduction Alibaba Group is the world's outstanding business-to-business e-commerce service company, which provides an efficient online trading platform for buyers and suppliers all over the world. In this decade, no one knows "Alibaba", the largest wholesale site in the world, which is a Chinese-owned website that has become international. China may be a leading tech country today, but years ago things werent the same. The purpose of this paper is to discuss innovation strategies and to answer the question of what innovation strategy Alibaba uses. The strategy was adopted to motivate and enhance employees commitments towards higher achievements. References Mason, K. (2012). According to the theory, the success of an organization is emphasized by people-oriented methods. The photos of 100-plus couples celebrating their matrimonials together at one company has. 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. Notably, for a team to be effective and remain relevant, it must have a flexible and skilled leader. According to the management theorist, management should adopt an organizational culture, where complex tasks are broken down into simple activities. On the other hand, Apple highlights in training and learning. It appears that in this issue managers ignored fraudulent behaviours behind the performance-chasing. Explore how the human body functions as one unit in 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 Activation is the decision to initiate a behavior. Retrieved from https://www.google.ca/search?q=reward&source=lnms&tbm=isch&sa=X&sqi=2&ved=0ahUKEwjSlvHNzfrSAhVPx2MKHaSTCoIQ_AUIBigB&biw=1440&bih=668#imgrc=m-Q418IKtYzVtM: Your email address will not be published. The principle implies that good teamwork plans, learn, works, and celebrates together. Jack is also committed to the welfare of Alibabas employees. Risk management of all positions in the internal enterprise is an important part of the management system. When applied to the workplace, it means an individual will generally aim to create a balance between what they give t View the full answer Traditionally, implementing a strategy costs a long time to achieve success. cookie policy. The Hangzhou, China-based firm inked . On the other hand, Apple focuses on communication between the organization and its employees. According to the Equity Theory of Adams, an individual will perceive the ratio of inputs to the outcomes depend not only on the absolute value but also in the relative value in order to measure whether himself or herself is treated fairly or not (Adams et al, 1976). But those soon ran out as the size of the work force expanded. How would you retain employees who are sitting on lucrative stock options and could walk out the door tomorrow knowing that they would never have to work another day in their life? Moreover, the team demonstrated the principle of inclusion. Also, different employees also require different motivational factors. Drawing from the principle of team welfare, team members were assigned the duty of checking on colleagues. 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. Let us help you get a good grade on your paper. ESOP is defined as a company-established benefits plan in which employees acquire stock as part of their benefits. 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. 1 Strengthen job rotation system in the key position, Alibaba Group should strengthen the job rotation system to avoid the corruption, especially in some key positions. When one need is fulfilled a person seeks to fulifil the next one, and so on. The significance of secrecy resulted in group uniqueness and creativity. Customer-first business philosophy The values of Alibaba put the customer in the first position. 1. For example, the company holds different interesting clubs to encourage employees to gather and share the hobbies in holidays, e.g. Low: Fears failure, avoids responsibility. The team leaders communicated the essence to timely reporting of unprofessional differences between the members of the group. Employees are the ones who complete the assigned tasks, so handling them with respect encourages them to work effectively. A Review and Critical Analysis of the Principles of Scientific Management. He is willing to take a high personal risk to achieve his goal. 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. 27th February 2023. Everyone he asked, knew about the story of Ali Baba and the Forty Thieves. In this article, I'll be taking you through an in-depth . html [Accessed: 02 Nov 2012]. Personal welfare from the leader and among colleagues was remarkable. In his speech, Alibaba used a totally different method from Samsung. 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 . As we know, Ma established the first e-commerce company in China and also founded Alibaba, the largest retail trading platform around the world. It is China's largest e-commerce group which was founded by Jack Ma in 1999, and has developed into seven affiliated groups, namely Alibaba International Business Operations, Alibaba Small Business Operations, Taobao Marketplace, Tmall. News. com (2008). 3 Establish psychological management mechanism It is necessary to give psychological training programme at least once a month for intensifying the efforts of anti-corruption and enhancing the management of core value and culture in Alibaba Group. So, they cut costs and narrowed themselves only to the Chinese market. But Alibaba isnt only about the customers; it takes care of the employees too. Moreover, when employees are kept happy and satisfied then their productivity rises as they feel that the company has given them the importance. However, it is difficult to transform corporate culture into practice to some extent. In conclusion, different companies should use different motivation theories. According to human relations theory, money is not the only means of improving employee satisfaction (Huang et al., 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. The Maslow business reader. Flicking through my bedside copy of Aliway - Alibaba's glossy manual of corporate culture - I find inspiring tales of employees' heroic achievements. yesterday. Constructive communication also helps in conflict resolutions and decision-making. In essence, the approach improved sharing among departments allowing a teamwork culture. Outline of People Management Issues This issue related to the credibility ofAlibaba is directly due to the internal defects in management, the lack of inside supervision and few controls of the internal culture. 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. Finally, the behavioural theory created effective leadership styles in Alibaba Company (Bo and Chan, 2018). one year ago, Posted Read more:Everything Behind the Steve Jobs Success Story. 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 . 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. Develop a deep bench of talent who can step into your shoes as you advance in the company. Thus, if the pre-supervision runs into a problem, it represents the failure in enterprise culture management. alibaba. Collectively, an effective team treats its members the same. With the accelerating pace of internationalisation, the number of employees which rapidly increased from 11,700 in 2009 to 24,000 in 2012 has become a significant challenge that threats the development of Alibaba Group (Hua, 2012). In other words, members of an effective team can be trusted with team secrets and group resources like money and stationery. What if Alibaba expands its business to the U.S. Generally, when companies expand their business to other countries, they tend to hire local people. [online] Available at: http://www. Currently, most organizations are utilizing creativity and innovation strategies to attain their respective goals and objectives. Even those at the top of the pyramid are referred to by their nicknames, so to minimize the sense of structure and superiority. 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. Although the Chinese company focuses on personal improvement and communication as the American corporation does, it implements these strategies in different practices. (LogOut/ 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 country is embracing consumerism, and the motivational success story of Alibaba is an epitome. Economist. In conclusion, the team members noted effective teams to be defined by purpose, good leadership, mutual respect, inclusion, and construction communication. Notably, effective teamwork is marked by collective information sharing and duty executive. Available at: http://web. In 1999, he founded the Alibaba Group as a business-to-business, e-commerce platform. 5. In the earlier days the names came from novels of Chinese martial arts. Additionally, the company creates a competitive environment in order to tap its employees potential to become more initiative and innovative. This is where continuous feedback can allow them and change their mindset as it relates to their function and purpose within a company. 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