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. Yun, J. J., Zhao, X., Park, K., & Shi, L. (2020). Jack, however, wasnt an entrepreneur right from the start. 2 Establish the mechanism of risk management. The 102 married couples resonated with the 102 years that Ma has said Alibaba shall survive. The significance of secrecy resulted in group uniqueness and creativity. Case Study: Alibaba Motivation for the Long Haul | SEM106 - Principles of Management - XMUM | Thinkswap Search for over 100,000 study notes and past assignments! According to Huang et al. Submit your documents and get free Plagiarism report, (Rate this solution on a scale of 1-5 below). International Distribution Policy Comparative Analysis between Samsung and Apple. The Hangzhou, China-based firm inked . Moreover, company should be direct to their employees when giving feedback and help them further their careers through constant. Jack is also committed to the welfare of Alibabas employees. Skinner, B. According to Huang et al. While being committed to their responsibilities, people need to follow their hearts and insist in their beliefs. 7 months ago, Posted (Hide this section if you want to rate later). Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. 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. Large companies such as Alibaba, Samsung, and BMW, among other organizations, are characterized by many employees within departments and entire corporations. References Mason, K. (2012). 246 0 obj <>stream bbc. Consequently, information sharing lowered the workload of the members. number: 206095338, E-mail us: In conclusion, the team members noted effective teams to be defined by purpose, good leadership, mutual respect, inclusion, and construction communication. And the presence of over 9 million businesses just proves how popular Alibaba is. Compensation is based on: Then we have compensation and benefits, is reward to an employee for their achieved performance and their hard work. If you continue to use this site we will assume that you are happy with it. On the other hand, the company may not satisfy the physical and emotional need of its employees. Then the number of restricted shares held by employees will increase as a result of the annual bonus issue of new restricted shares. 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. 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. And, he traced the journey of Jack Ma from being a school teacher to the emperor of the online market of China. Does the question reference wrong data/reportor numbers? 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. It appears that in this issue managers ignored fraudulent behaviours behind the performance-chasing. [online] Available at: http://www. Using. The principle of defined purpose also marks good teamwork. The significance of the management team, especially in large organizations, is emphasized by the attached functions. Collectively, an effective team treats its members the same. However, analysing the issue of human resource management in the view of psychology is an innovative point of this report. The Impact of Teamwork on Work Performance of Employees: A Study of Faculty Members in Dhofar University. 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). Consequently, the approach adopted enhances collaboration between employees and management hence teamwork. 48 Vitosha Boulevard, ground floor, 1000, Sofia, Bulgaria Bulgarian reg. 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. News. This helps in maintaining a friendly relation with the members later on. Strengthen employees skills so you can delegate more tasks to them and focus on more important managerial responsibilitiessuch as planning. The team also adopted the effective conflict moment. 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. Another thing which helped the Alibaba founder story become an exceptional motivational success story is their customer-friendly policy. Aarts (2014), The truth about employee engagement. Samsung doesnt reward their employees at all, instead they manipulate employees mind with the awareness of economic environment. one year ago, Posted //= $post_title Science, 212 (4507), p. 501-504. Management Theory Influences Team Working. This helps employees feel valued and can remove animosity between employee and employer. 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. In 2009, only 27 shops offered Singles Day sales while in 2015, 40,000 retailers joined the movement. In essence, team members should participate in the achievement of the team goals and objectives. In terms of communication, Alibaba pays attention to sharing and learning between employees. Recommendations 6. But those soon ran out as the size of the work force expanded. html [Accessed: 05 Nov 2012]. 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. They also emphasized the essence of ownership. 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. By 1999, he had the plan for his new idea and a team. Available at: http://www. Effective teamwork should acknowledge different diversities like gender, race, age, and colour. In other words, members of an effective team can be trusted with team secrets and group resources like money and stationery. Were the solution steps not detailed enough? According to the theory, an organization is like a human body bearing many parts. (LogOut/ It means that individuals would reinforce a kind of behaviour once its consequence benefit to them. Employees are the ones who complete the assigned tasks, so handling them with respect encourages them to work effectively. One of the first things that new Alibaba employees are asked to do is to come up with nicknames for themselves. com (2012). In 2003, eBay tried to take over the online retail market in China. Moreover, the adoption of the theory has enabled the company to attain improved leadership models. Every activity assigned, we did as a team and readily shared. Motivation Alibaba Jack Ma adopts David McClelland's 3 Needs Theory. Sometimes it is hard to do all the work on your own. 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. Jack Ma later remembered: "First week, we have seven employees. But they didnt consider the Chinese people and were not appealing to their customers. I need some help with question 11-19. Therefore, it points out that Alibaba and Apple have both similar and different strategies in attracting and retaining employees. alibaba. Behavioural Management Theory in Alibaba Company. Bo, T., & Chan, V. (2018). We use cookies to ensure that we give you the best experience on our website. Values are the standards by which members of an organisation direct and evaluate their actions. 6. com. Did you know that we have over 70,000 essays on 3,000 topics in our 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? We support aspiring employees through development programs and opportunities - whether by moving up through the company, or by expanding their skills and experience. Through the founder, Jack Ma, the company adopted behavioural management theory as a workforce management strategy (Bo and Chan, 2018). Researchers have identified three major components of motivation: activation, persistence, and intensity. Conversely, lack of purpose in a team infiltrates irrelevancy, diverse ideas, and wastage of ideas. Economist. Significantly, the premium brand of Alibaba attained and maintained through effective management strategies (Bo and Chan, 2018). Alibaba is Jack Ma's international e-commerce (online and mobile) company that aimed at promoting the trade of China-made products using the internet as a facilitative means and lets the manufacturers post their items for consumers and customers across the world to the source. From the activities, team members noted the success of a group is about applying and utilizing teamwork principles. Drawing from the principle of good leadership, the Alibaba Company team was effective and hence able to achieve several objectives. Therefore, it makes sense that managers at Alibaba will help to defraud if dynamically taking managers greedy desire into consideration. In Alibaba, an employee shall be entitled to exercise for one year after he or she receives the restricted shareholding unit. And STEPHEN, D. (2003). 2. The merchants, however, can pay to get themselves featured. Additionally, it is necessary to introduce different kinds of methods of personal testing and assessment which combine the enterprise culture into the evaluation. Training and development has a positive impact on employees, this shows investment from the employer and enhances career progression. On the other hand, Apple focuses on communication between the organization and its employees. Drawing from the attached significance of a management theory, it is essential for any management team (Huang et al., 2013). eBay bought the company which controlled about 90% of the business. 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). Get plagiarism-free solution within 48 hours. %%EOF Alibaba team members were reliable and trustworthy. 2013). Jack needed investors, and they were on a lookout for Asian Internet businesses. 6. Moreover, they have an opportunity to look for a new position that matches with their abilities and interests. Ford, R. C., Piccolo, R. F., & Ford, L. R. (2017). This openness to criticism within the company is accompanied by a flattened hierarchy. As a result, it will help the company to improve both productivity and reputation in the e-commerce industry. International Journal of Organizational Innovation (Online),5(4), 78. 2 External reasons 4. 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. Employees can also dispute unsatisfying work evaluation results on Aliway by asking for popular input, a measure that managers resort to more often than those below. These, along with other factors result in a loyal base of employees, who are ready to put in long hours. Sincere compliments increase employee motivation and produce effective results. The Surgical Technologist, 8 p. 348-353. Alibaba Group should clear the level of risk in different position and establish an internal regulatory system which includes peer review mechanism, department regulatory system, internal audit and external audit mechanisms to ensure mutual supervision avoid unnecessary credit losses. Meanwhile, with the rapidly increased number of employees in Alibaba Group, the previous culture management has to further improve. David Wei and Elvis Lee Quit Alibaba Amid Fraud Inquiry - NYTimes. ESOP is defined as a company-established benefits plan in which employees acquire stock as part of their benefits. Case Application - Alibaba: Motivation for the Long Haul. An online-fraud scandal in China: Alibaba and the 2,236 thieves | The Economist. 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. Notably, there is a need for team working to enable large companies to remain competitive and realize a return on investment. 2021 Writersbid.net. Notably, effective teamwork is marked by collective information sharing and duty executive. Additionally, the company creates a competitive environment in order to tap its employees potential to become more initiative and innovative. It's a screening criterion that helps people . Drawing from the principle of resource allocation, the team ran out of fieldwork facilitation money. Additionally, effective teamwork possesses the principle of leadership (Zimmermann and Matisek, 2020). Sincere compliments increase employee motivation and produce effective results. alibaba. Notably, the rights and freedom of a team member should not violate ethical working relationships with colleagues. Moreover, the team demonstrated the principle of inclusion. 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. Need for achievement Alibaba gives direction and provide feedbacks to their staff so that the employees can reach their potential. The announcement of the company showed that nearly 100 employees including sales staffs, manager and supervisor, had conspired to the fraud by deliberately helping fake suppliers in China to register with avoiding the company scrutiny and allowing them to defraud oversea buyers on the Alibabas international website (Nytimes, 2011). 0 International Encyclopedia of the Social & Behavioral Sciences, 2nd ed. (15 html [Accessed: 02 Nov 2012]. Get expert help in mere Alibaba employees are motivated through good salary packages and involvement in decision-making. This report will start the analysis from the view of internal motivations and then moving to the external causes. Personal welfare from the leader and among colleagues was remarkable. Alibaba may maintain original practices and add new strategies. Individuals make specific choices believing that they may guarantee more satisfaction and comfort. The operational analysis of psychological terms. When an employee is hired, their giving a hand booklet of the companys. Comparison Alibaba's and Apple's drivers of talent attraction and retention. News. He is willing to take a high personal risk to achieve his goal. And on that day in 2015, the first 10 minutes saw $1 billion worth of selling on Alibaba. 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. Considering that, To hold worker we need to zero in on essential things Future development - All the worker center toward future development. Among these programs, employee stock ownership plan (ESOP) is quite similar to the incentive system in Alibaba. Finally, the behavioural theory created effective leadership styles in Alibaba Company (Bo and Chan, 2018). Not that defaults have not occurred, but Alibaba has been rather lenient: the stipulation only says that Alibaba has the right to decide to never hire back an employee who, upon leaving the company, does not repay the loans within 90 days.. harmony in order to life, Hrm About Alibaba. People are curious about their performance. The table showing similarities and differences between Alibaba and Apple. The photos of 100-plus couples celebrating their matrimonials together at one company has. We use cookies to give you the best experience possible. Explore how the human body functions as one unit in Change), You are commenting using your Twitter account. Please ADD to cart and get the word file for this sample Paper. Moreover, a healthy working relationship is another principle of an effective team (Sanyal and Hisam, 2018). com/blogs/newsbook/2011/02/online-fraud_scandal_china [Accessed: 05 Nov 2012]. ] Available at: http: //www them and focus on more important managerial as... Into the evaluation it means that individuals would reinforce a kind of once. Get free Plagiarism report, ( Rate this solution on a lookout for Asian Internet businesses like a body. A school teacher to the incentive system in Alibaba they may guarantee more satisfaction and comfort of restricted shares by... Plan in which employees acquire stock as part of their benefits rapidly number! 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