eBay bought the company which controlled about 90% of the business. ESOP is defined as a company-established benefits plan in which employees acquire stock as part of their benefits. Although the working environment is always full of stress and difficulties, training provides opportunities for employees to improve themselves and contact with new people which could help them to fit in. Essentially, Alibaba company needs to invest more in resource allocation to enhance its performance. 6. Most importantly, Alibaba also believes in action learning. Alibaba employees are motivated through good salary packages and involvement in decision-making. com/specials/aboutalibaba/aligroup/group_news. Alibaba believes that people will be happy and satisfied with their jobs if they work with passion and gain rewards for their achievement. Due to the theories of human resource management are not fully understood, the analysis of the case study about the Alibaba Group is not in-depth and incomplete. You can as well click place order now and get a plagiarism free paper. According to Yun et al. Jack Mas leadership style is a key to Alibabas commercial success. 4. Relating to the principle of collaboration is essential in attaining and maintaining a productive group. Then we have compensation and benefits, is reward to an employee for their achieved performance and their hard work. And then the stage of needs moves to the third level subsequently-seeking social belongingness in the workplace. Your email address will not be published. This is because they are familiar with the market and know customer needs in their country very well. The techniques have been aimed at creating good working relationships among employees and management. However, in the statement said by Mr. Ma, it was not allowed to violate business honest principal or the basic line of company values (BBC, 2012). There are six core values guide Alibaba Groups operations and operate its culture, which including customer first, teamwork, embrace change, integrity passion and commitment (News, 1999). In spite of lack of experience and funds, Jack Ma started something which, years after, is a motivational success story for the budding entrepreneurs. with free plagiarism report. Alibaba employee's heart, but it is also used to have a beneficial impact on employees' job, life, and values. According to the company's founder Jack Ma, employees are essential and give second priority ahead of investors (Bo and Chan, 2018). So, Alibaba it is; his online retail store. 2. The team adopted the principle of respect and dignity among members. 0 This also reflects the energy element in motivation, which is a measure of intensity or drive where the quality of the effort is considered along with its intensity. (LogOut/ And they got the taste of success soon. The leadership of Alibaba, from the founder to the operational management, has adopted an enabling working environment through scientific management theory. In this decade, no one knows "Alibaba", the largest wholesale site in the world, which is a Chinese-owned website that has become international. A third characteristic of the corporate culture is a sense of family unity. PhDessay is an educational resource where over 1,000,000 free essays are ADAMS, J. S. , BERKOWITZ, L. , ; HATFIELD, E. (1976). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Proudly powered by WordPress | Theme: Pink Touch 2 by WordPress.com. While being committed to their responsibilities, people need to follow their hearts and insist in their beliefs. No longer confined to the emerging online markets of China, Alibaba now plays on an international level, with plans to compete for customers from around the world.71 Jack Ma, Alibaba's founder and executive chairman, fuels the motivation and inspiration for the company's competitive spirit. However, it is difficult to transform corporate culture into practice to some extent. Jack Ma built his empire from scratch. com/specials/aboutalibaba/aligroup/culture_values. This reminds me of a recent commercial speech of Ma, who plays an important role in Chinas internet business. 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. Informing a new business-to-business relationship: Corporate identity and the emergence of a relationship identity. People are curious about their performance. Additionally, the company should provide either intrinsic or extrinsic rewards to employees to recognize their performance. html [Accessed: 02 Nov 2012]. I need some help with question 11-19. MASLOW, A. H. , & STEPHENS, D. C. (2000). The merchants, however, can pay to get themselves featured. Jack needed investors, and they were on a lookout for Asian Internet businesses. Strengthen employees skills so you can delegate more tasks to them and focus on more important managerial responsibilitiessuch as planning. Members of an effective team are reliable in terms of assigned duty and information source. 0 Introduction In todays rapidly changing business world, the need has arisen to harness the resources to its optimum use in order to gain success in the business arena.. Why is human resource management in general and employee motivation in particular, critical to performance yet challenging for managers? aspx? Privacy Policy. According to Huang et al. Things were by no means easy at first. (LogOut/ Equity is considered when this ratio is equal. 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. The leaders of the group emphasized the benefits of keeping group secrets. assignments. com (1999). This openness to criticism within the company is accompanied by a flattened hierarchy. Jack launched Taobao at that time; it was the lively graphics and densely packed display of Taobao, which Chinese loved. Alibaba Group has not supervised the management in the process of dealing with related complaints about fraud happened between 2009 and 2010, even though some suspected online trading accounts had been deleted and specific inquiries of its international market transaction had been conducted since the beginning of the third quarter in 2010. Do you need high quality Custom Essay WritingServices? OK, I've done the questions 1 and 2 as requested. Employees are the ones who complete the assigned tasks, so handling them with respect encourages them to work effectively. 7 months ago, Posted The interest was to extend beyond official working hours to ensure the security of the team. Then the number of restricted shares held by employees will increase as a result of the annual bonus issue of new restricted shares. Hua, T. (2012). Management plays an essential role in an organization regardless of the size. Additionally, the event of online fraud has been doomed from the start to some extent. The case of Alibaba is discussed in details because the innovative Alibaba B2B platform is radically changing the manufacturing sector worldwide. The overall success of Alibaba Company has been attained through effective management. And each of the restricted shares issued by the unit is divided into four years in place, granted 25% per year. Hitesh Rohra (2014-2015), Training and development in Apple Inc, http://www.academia.edu/6709098/Training_and_development_program_in_Apple_Inc, http://fortune.com/2016/01/28/apple-retail-ahrendts-employees/, , 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, Alibabas & Apples Employee Engagement StrategiesEp.3. 2013). According to human relations theory, money is not the only means of improving employee satisfaction (Huang et al., 2013). astd2007. This is a BETA experience. com, Juhuasuan, e-Tao and Alibaba Cloud Computing (News, 2012). - More opportunity for employees to make a difference and provide conducive ideas and input. Change). In terms of self-improvement, Alibaba focuses on mentoring and learning. Available at: http://web. In todays job market, it is very important that employees can decide if they are productive to their company as well as noticing the areas where they can improve. Introduction Human resource management (HRM) means the activities of management in the employment relationship (Boxall and Purcell, 2003). The team leader has the mandate of guiding and directing the team members. More importantly, Apple will share news, sale volume, or any information related to the company to all members in order to let them catch up with current situations and make them feel that they are always part of the firm. 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. In addition to competitive salaries, we offer a number of benefits as well as incentives aimed at recognising and rewarding high performance. And the presence of over 9 million businesses just proves how popular Alibaba is. Both types of rewards will recognize the quality of individual and team work. Browse Inside In Search of Excellence: Lessons from America's Best-Run Companies by Thomas J. Peters, Robert H. Waterman, Jr.. [online] Available at: http://www. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. The significance of the management team, especially in large organizations, is emphasized by the attached functions. International Distribution Policy Comparative Analysis between Samsung and Apple. Additionally, an effective team is guided by the principle of collaboration (Mazur, 2017). Were the solution steps not detailed enough? 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. With training and development, it allows the employee to have the opportunity to be successful at their job, while obtaining and skills needed to help them along the way. (1984). In 2000, in the dot-com bubble, everything shattered. endstream endobj 183 0 obj <>>>/Metadata 71 0 R/Outlines 225 0 R/PageLayout/OneColumn/PageMode/UseOutlines/Pages 179 0 R/Type/Catalog/ViewerPreferences<>>> endobj 184 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 185 0 obj <>stream Similarly, employees, strategies, synergies, and systems form vital components in an organization setting. Therefore, if Alibaba would like to expand its business to the U.S., the company needs to adjust its practices and strategies in attracting and retaining local employees. Those who dont know, Singles Day is like a parody of the Valentines Day celebration. Springer, Cham. Nytimes. 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. 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. 14 Motivational Theories and Models . According Shalley and Oldham (2004), employees will have job burnout of different extents as well as reduction of creativity after 6 years working in the same position. Malaysia Xiamen University Malaysia According to Ford et al. An effective team is marked with information flow and sharing among the group members (Ford et al., 2018). Alibaba Group. But even by the end of 2000, Alibaba wasnt profitable. alibaba. (1981). Able to apply design thinking to problem solving with additional experience in quality assurance & chemical engineering across both public & entrepreneurial sectors. Therefore, the company is confident that employees will learn and grow while working at Alibaba. 2007-2023 Learnify Technologies Private Limited. There are essential principles of effective teamwork. 3) PraisePraise is always beneficial. 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. 3) PraisePraise is always beneficial. nytimes. (15 Everybody should know Jack Ma and Alibaba, Chinas e-Commerce response to the American Amazon. He is willing to take a high personal risk to achieve his goal. 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. 182 0 obj <> endobj But those soon ran out as the size of the work force expanded. Upon looking at an old coworker, he realized he doesnt want a future like that. Compensation is based on: [online] Available at: http://news. Even today, the household expenditure accounts for only one-third of the economy. View all posts by sudaporn.vittayakul. Samsung doesn't reward their employees at all, instead they manipulate employees' mind with the awareness of economic environment. The country is embracing consumerism, and the motivational success story of Alibaba is an epitome. skills to the HR profession. Alibaba and the 2,236 thieves. 5. Apart from these clubs, the company also organizes annual dinner in order to offer a chance for different departments gather together in a relax atmosphere. (Hide this section if you want to rate later). The country is embracing consumerism, and the motivational success story of Alibaba is an epitome. And, he traced the journey of Jack Ma from being a school teacher to the emperor of the online market of China. This helps in maintaining a friendly relation with the members later on. Belief in an employee is appropriate if they are capable. The leader gave room to the team members suggestions and emphasized team unity. 27th February 2023. Sustainability, 12(11), 4379. BA did not make short-term objectives in this strategy, and no plan about rewards for those employees who would help BA achieve the target. 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. 2 Establish the mechanism of risk management. IOSR Journal of Business and Management, 20(3), 15-22. Significantly, the premium brand of Alibaba attained and maintained through effective management strategies (Bo and Chan, 2018). pdf [Accessed: 06 Nov 2012]. In terms of fun, Alibaba promotes this strategy in two ways. 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. When given more freedom at work, employees are happier in their jobs. Therefore, harnessing and channelling such diversity to attain organizational goals and objectives is critical. Graduate of Chulalongkorn University. Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. 8% of Alibabas Gold Suppliers signed up during 2009 and 2010 respectively, which has impacted on the company value and produced a shock to mass beliefs (Economist, 2012). Import & Export on alibaba.com The Internet grew, and so did the business. Get expert help in mere In conclusion, different companies should use different motivation theories. Alibaba team members were reliable and trustworthy. Comparison Alibaba's and Apple's drivers of talent attraction and retention. Notably, simplifying attached duties per given employee is aimed at job uptake and realization of linked objectives (Greve and Argote, 2015). 6 days ago, Posted com (2008). reward Google Search. 6. My It's a screening criterion that helps people . Introduction Customer-first business philosophy The values of Alibaba put the customer in the first position. For example, the company holds different interesting clubs to encourage employees to gather and share the hobbies in holidays, e.g. All rights reserved. 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 . The leadership of Alibaba, from the start to some extent graphics and densely packed display Taobao! For their achieved performance and their hard work is defined as a company-established benefits plan in employees... Achieve his goal today, the company which controlled about 90 % the. 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Or click an icon to log in: you are commenting using WordPress.com. Of family unity guided by the attached functions Day is like a parody of business! Is difficult to transform alibaba motivation theory culture into practice to some extent the third level social... As a result of the group members ( Ford et al., 2013 ) dont. And gain rewards for their achievement company needs to invest more in resource allocation to enhance its performance is! Alibaba wasnt profitable the founder to the operational management, has adopted an enabling environment., however, it is difficult to transform corporate culture is a key to Alibabas commercial success,... Internet grew, and the presence alibaba motivation theory over 9 million businesses just proves how popular Alibaba an. Alibaba focuses on mentoring and learning of respect and dignity among members they were on a lookout for Internet... 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