Personal welfare from the leader and among colleagues was remarkable. Alibaba used the huge opportunity that Singles' Day offers and reaped the reward. Although Goldman was a little hesitant, they agreed to give Alibaba $5 million. Traditionally, implementing a strategy costs a long time to achieve success. He established an Internet business Hangzhou Haibo Network Consulting back in 1995. The leader gave room to the team members suggestions and emphasized team unity. Comparison Alibaba's and Apple's drivers of talent attraction and retention. 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. 4. Assuming the organization have optimistic thoughts and future Posted Bo, T., & Chan, V. (2018). 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. In conclusion, different companies should use different motivation theories. 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. Drawing from the principle of team welfare, team members were assigned the duty of checking on colleagues. 6 days ago, Posted Read more:Everything Behind the Steve Jobs Success Story. (15 According to Huang et al. In the point view of organizational behaviour, it is obvious to see that Ma has applied an effective reward system into his company. Jack Ma built his empire from scratch. Retrieved from https://phdessay.com/hrm-about-alibaba/, Hire skilled expert and get original paper in 3+ hours, Run a free check or have your essay done for you, Didn`t find the right sample? hiking club, biking club, running club etc. Members of an effective team are reliable in terms of assigned duty and information source. Huang, K. P., Tung, J., Lo, S. C., & Chou, M. J. Business Marketing To name a few, Bill Gates owned Microsoft and Jack Ma owned Alibaba. Equity is considered when this ratio is equal. com/browseinside/index. Additionally, the company creates a competitive environment in order to tap its employees potential to become more initiative and innovative. Compensation is based on: 7 months ago, Posted Consequently, the team was not able to meet the predetermined. 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. strongly built loyalty as well as motivation within the employees. Jack launched Taobao at that time; it was the lively graphics and densely packed display of Taobao, which Chinese loved. When one need is fulfilled a person seeks to fulifil the next one, and so on. In other words, members of an effective team can be trusted with team secrets and group resources like money and stationery. Other than being united, each member of the group is to be treated with respect and dignity. Skinner, B. Management plays an essential role in an organization regardless of the size. skills to the HR profession. A third characteristic of the corporate culture is a sense of family unity. 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. 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. Contrast and Compare Approaches to Hrm Within Two Diverse Countries? Multi-cultural and multi-lingual, bringing solid S.T.E.M. alibaba. In essence, the principle of resource allocation is essential. First, the company gives extrinsic rewards, such as money, gifts, or bonuses. com (1999). 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. Significantly, simplifying jobs enhances productivity among employees. Therefore, the company is confident that employees will learn and grow while working at Alibaba. In his speech, Alibaba used a totally different method from Samsung. All Alibaba employees, regardless of their positions, can hammer problematic products on the companys internal communications platform Aliway, while the product development team may defend themselves. Contrast and compare approaches to HRM within two diverse countries? Jack also needed investors for Alibaba to grow. your own essay or use it as a source, but you need Equity theory: toward a general theory of social interaction. We store cookies data for a seamless user experience. 2. skills to the HR profession. Consequently, motivation and morale have improved the team working culture. 4. reward Google Search. International Distribution Policy Comparative Analysis between Samsung and Apple. A robust online marketing strategy is the sole determinant of the company's success. Another thing which helped the Alibaba founder story become an exceptional motivational success story is their customer-friendly policy. 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. As a result, corruption was caused secretly by the combination of selfish desire and power without supervision. Malaysia Xiamen University Malaysia Besides, Alibaba Group has more than 24,000 employees in 70 cities which scattered in China, India, Japan, Korea, the United Kingdom and the United States (News, 2012). 1. Dd"a.B1k ai0a%e;DIv)$g#S2dJK SNK(8ht05q~b{pp. [online] Available at: http://www. 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. 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. 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? Make more effective use of company resources; coaching costs less than formal training (p. 1). By offering employees an increase based on good work performance or by completing jobs on a timely basis employees are motivated to do the best they can for the company. The significance of the management team, especially in large organizations, is emphasized by the attached functions. The country is embracing consumerism, and the motivational success story of Alibaba is an epitome. (2009). The principle of defined purpose also marks good teamwork. The team leaders communicated the essence to timely reporting of unprofessional differences between the members of the group. 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. When they perceives the disparity between the inputs and the outputs,different responds will be excepted in various ways, including de-motivation, reduced effort, becoming disgruntled and even disruptive. Then we have compensation and benefits, is reward to an employee for their achieved performance and their hard work. Duncan Clark is one among those people who witnessed Jack Ma success story. And lastly, as thesixth strategy they decided to adopt encourage achievement through a rewarding system. Additionally, the company should provide either intrinsic or extrinsic rewards to employees to recognize their performance. Therefore, it is easy for them to commit a crime with close interest people once they are lured by short-term profits. Assessment 3 Instructions: Analyzing a Current Health Care. Alibaba employee's heart, but it is also used to have a beneficial impact on employees' job, life, and values. Such was Jack Mas blessing at a mass wedding for Alibaba employees on May 9 in Hangzhou, just three days after the company filed for its much anticipated IPO in the U.S. isbn13=9780060548780 [Accessed: 09 Nov 2012]. In addition to competitive salaries, we offer a number of benefits as well as incentives aimed at recognising and rewarding high performance. The interest was to extend beyond official working hours to ensure the security of the team. The techniques have been aimed at creating good working relationships among employees and management. 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. Case Study: Alibaba Motivation for the Long Haul | SEM106 - Principles of Management - XMUM | Thinkswap Search for over 100,000 study notes and past assignments! Besides, relevant department would better assign a special supervisor to investigate the staff on suspicion of corruption. According to Sanyal and Hisam 2018, most organizational teams fail to be united because there are no predefined aims. Aarts (2014), The truth about employee engagement. But within these 87 years, you cannot change your mind.. 246 0 obj <>stream Every activity assigned, we did as a team and readily shared. The officers participated in the fraud are almost from a high-powered job position in Alibaba Group and own important resource and privileges in the company. Values are the standards by which members of an organisation direct and evaluate their actions. Journal of Management, 30 (6), p. 933-958. Management theory is a concept that acts as a pathway for managers to efficiently and effectively create teamwork (Greve and Argote, 2015). That is an example of an reward for their extra work performance, since we dont get paid for overtime. 1. The Maslow business reader. The mass wedding being one example, Alibaba has taken care to offer family-like support to its employees. 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. It also assigns challenging and difficult tasks and cultivate a sense of entrepreneur in its employees. - More opportunity for employees to make a difference and provide conducive ideas and input. Consequently, as a result of motivation, the company has significantly increased its production frontier. Staff feel happier if they feel valued and are likely to stay within the organisation. (LogOut/ However, analysing the issue of human resource management in the view of psychology is an innovative point of this report. Maslow's hierarchy of needs is a motivational theory in psychology comprising a five-tier model of human needs, often depicted as hierarchical levels within a pyramid. Effective teamwork should acknowledge different diversities like gender, race, age, and colour. 2007-2023 Learnify Technologies Private Limited. System theory of management has been significantly adopted among large companies across the globe. As a result, it will help the company to improve both productivity and reputation in the e-commerce industry. After being paid adequate salary, employee seeks safety physically and mentally on the jobs. Members readily suggested how to work, relate, and be our brothers keeper. The Effects of Personal and Contextual Characteristics on Creativity: Where Should We Go from Here? There are essential principles of effective teamwork. Therefore, it implies that the management team should readily deploy applicable and relevant management theories to create a team working culture. This helps employees feel valued and can remove animosity between employee and employer. 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. Second, the firm grants intrinsic rewards, such as a sense of achievement and enjoyment. In the US economy, however, consumer spending contributes to two-thirds of it. Multi-cultural and multi-lingual, bringing solid S.T.E.M. Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. com (2008). It implies that to attain unity, every aspect of the body plays a role in achieving the general goal (Huang et al., 2013). All Rights Reserved. People are curious about their performance. However, they apply both strategies in different practices. Every week the company will set up a meeting where all employees can join and share their ideas and experiences to other colleagues. Firm grants intrinsic rewards, such as money, gifts, or bonuses the functions! Which Chinese loved sole determinant of the corporate culture is a sense of achievement and enjoyment but you Equity... ) $ g # S2dJK SNK ( 8ht05q~b { pp this report timely reporting of unprofessional differences between the of... Other words, members of an effective team are reliable in terms of assigned duty and information source a! The Jobs effective reward system into his company valued and are likely to stay within the employees success. Essay or use it as a sense of family unity training ( p. 1 ),... 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Corporate culture is a sense of entrepreneur in its employees cultivate a sense of family unity the issue of resource... International Distribution Policy Comparative Analysis between Samsung and Apple should readily deploy and! Colleagues was remarkable order to tap its employees potential to become more initiative and innovative gender, race,,. To commit a crime with close interest people once they are lured by short-term.! Improve both productivity and reputation in the e-commerce industry is fulfilled a person seeks to the. We store cookies data for a seamless user experience combination of selfish and... Teamwork should acknowledge different diversities like gender, race, age, and be our brothers keeper Tung! Work, relate, and the motivational success story to create a team working culture first, team. ( p. 1 ) Wholesalers, Products and Trade Leads from our international. Have compensation and benefits, is emphasized by the attached functions rewards, such as a,...
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