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.. The principle of defined purpose also marks good teamwork. This reminds me of a recent commercial speech of Ma, who plays an important role in Chinas internet business. We travel not to escape life, but for life not to escape us. In addition to competitive salaries, we offer a number of benefits as well as incentives aimed at recognising and rewarding high performance. A Developmental Role for Militaries in Africa: The Peace Engineering Corps Solution? com (2012). 2) Give individuals more freedom - When people feel in control of their lives, they are more motivated and happier. aspx? Jack also needed investors for Alibaba to grow. While being committed to their responsibilities, people need to follow their hearts and insist in their beliefs. Assessment 3 Instructions: Analyzing a Current Health Care. com (1999). ?>, Order original essay sample specially for your assignment needs, Jack Ma (Ma, Yun), Alibaba of Chinas E-Commerce Business, How Alibaba Celebrated the Countdown to its Biggest Sales Day of the Year, Yiping Gong, Regional Manager, Alibaba Cloud, On Cloud Computing And Entrepreneurship In The Middle East, get custom Selection by consequences. But those soon ran out as the size of the work force expanded. Do you need high quality Custom Essay WritingServices? 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. Thank you! cite it. Apart from a beautiful and health-friendly campus, the company has a practice of providing interest-free loans. Yun, J. J., Zhao, X., Park, K., & Shi, L. (2020). 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. People are curious about their performance. Management theory is a concept that acts as a pathway for managers to efficiently and effectively create teamwork (Greve and Argote, 2015). A scientific theory is a management theory utilized among large companies to create a team working environment. According to Huang et al. Nytimes. According to Sanyal and Hisam 2018, most organizational teams fail to be united because there are no predefined aims. The employees feel that they have greater responsibility and trust put on them, this can generate greater participation, commitment and a better job performance. Alibaba employee's heart, but it is also used to have a beneficial impact on employees' job, life, and values. Image Courtesy of Dan Croitor 6. And lastly, as thesixth strategy they decided to adopt encourage achievement through a rewarding system. %PDF-1.7 % co. uk/news/business-13986308 [Accessed: 1 Nov 2012]. We support aspiring employees through development programs and opportunities - whether by moving up through the company, or by expanding their skills and experience. Therefore, this allows them to have a better idea of what they have done well which give them a sense of achievement. It would build an environment, such as weekly meetings and the Open Box tool, to encourage sharing and learning among employees. with free plagiarism report. 10 minutes with: Explore how the human body functions as one unit in harmony in order to life //= $post_title There are essential principles of effective teamwork. This can be illustrated by the following equation: Individuals outcomes/individuals own inputs = relational partners outcomes/relational partners inputs (Adams et al, 1976). Moreover, the services were costly and Internet connections unreliable. pdf [Accessed: 03 Nov 2012]. 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. According to the principle, all members should pull towards a given direction. The significance of the management team, especially in large organizations, is emphasized by the attached functions. Strategies for building effective virtual teams: Trust is key. And they got the taste of success soon. Propose which motivational theory accelerate the characteristics profile of high achievers and four (4) possible ways to develop a high achievement need in people. bbc. 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. Essentially, several management theories have been adopted to create enabling environment among the many employees. And each of the restricted shares issued by the unit is divided into four years in place, granted 25% per year. Sustainability, 12(11), 4379. But the access to the Internet was minimal and convincing businesses for an online presence was a difficult task. 2015 - 2022by Adrian Sameli | Privacy Policy |info@aSabbatical.com. 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. com (2011). The forth level is esteem needs. 6. Things were by no means easy at first. The overall success of Alibaba Company has been attained through effective management. And then the stage of needs moves to the third level subsequently-seeking social belongingness in the workplace. Improve the standard system of selection and appointment Alibaba Group should try to improve the standard system of selection in order to ensure the person employed has higher organizational commitment. Boost productivity by helping your employees work smarter. Springer, Cham. This is because they are familiar with the market and know customer needs in their country very well. It appears that in this issue managers ignored fraudulent behaviours behind the performance-chasing. Also, different employees also require different motivational factors. You may opt-out by, How Plaza Premium Lounges Song Hoi-See Transformed The Airport Experience, Asias 2019 Heroes Of Philanthropy: Catalysts For Change, John Gokongwei Jr, Philippines' Third-Richest Person, Dies At 93, Philippines' Richest 2019: With A Notable Five Deceased, A New Generation Takes The Helm, Philippines' Richest 2019: Six Of The Sy Siblings Land On The List, Replacing Their Late Father As The New No. We use cookies to give you the best experience possible. skills to the HR profession. 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. Retrieved from http://www.profitguide.com/manage-grow/human-resources/the-truth-about-employee-engagement-62387, Markos, S. & Sridevi (2010), Employee Engagement: The Key to Improving Performance. And the wheels aligned. 2. Then the number of restricted shares held by employees will increase as a result of the annual bonus issue of new restricted shares. alibaba. Therefore, it implies that the management team should readily deploy applicable and relevant management theories to create a team working culture. The Alibaba Company is an online marketing business that bridges wholesalers and retailers all over the world. 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). New York, Academic Press. Jack Ma built his empire from scratch. People are curious about their performance. Additionally, inducing a culture of productivity and employee participation in large companies calls for effective management interventions (Greve and Argote, 2015). Meanwhile, it will motivate him or her to do something to relieve this tension. The country is embracing consumerism, and the motivational success story of Alibaba is an epitome. Then theres employee relations, which helps build a positive relationship between employers and employees. It is not uncommon that employees spend a couple hours of their days on these open discussions. Therefore, it points out that Alibaba and Apple have both similar and different strategies in attracting and retaining employees. People even compare it to Amazon but Alibaba is far more popular in China than Amazon is in America. 7 months ago, Posted 6. 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. By continuing well assume youre on board with our Using. 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. 2 External reasons 4. 246 0 obj <>stream Skinner, B. Keywords: alibaba company, autocratic management, conductive management, persuasive management, democratic management. Different strategies: enjoyment (Alibaba) and recognition (Apple). Additionally, the company should provide either intrinsic or extrinsic rewards to employees to recognize their performance. The strategy was adopted to motivate and enhance employees commitments towards higher achievements. 6. On the other hand, Apple focuses on communication between the organization and its employees. In 2009, only 27 shops offered Singles Day sales while in 2015, 40,000 retailers joined the movement. Surprisingly, these allegedly fraudulent online shops account for 1. 2007-2023 Learnify Technologies Private Limited. Additionally, effective teamwork possesses the principle of leadership (Zimmermann and Matisek, 2020). Were the solution steps not detailed enough? Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. The 102 married couples resonated with the 102 years that Ma has said Alibaba shall survive. If you continue to use this site we will assume that you are happy with it. However, weak awareness of the human resource control among Alibaba Groups executives sets the stage for this online fraud scandal in China. Alibaba covers the lodging and meal expenses of the immediate family members who are invited to join. According to the theory, an organization is like a human body bearing many parts. 3) PraisePraise is always beneficial. Considering that, To hold worker we need to zero in on essential things Future development - All the worker center toward future development. There are six core values guide Alibaba Group's operations and operate its culture, which including customer first, teamwork, embrace change, integrity passion and commitment (News, 1999). Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Traditionally, implementing a strategy costs a long time to achieve success. No employee should be treated better or worse than another because it lowers morale in the workplace. Hes an investment banker with over 20 years of experience in China and is the writer of this Jack Ma book Alibaba. All he needed was a name, the name which he found on one of his trips to California. 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. Moreover, behavioural management theory is adopted in large organizations likes Apple, BMW, and Kentucky Fried Chicken (KFC) (Greve and Argote, 2015). The groups leadership was effective as the leaders were accommodative, informed, and neutral. How Alibaba motivates employees? Understanding and motivating health care employees: This essay was written by a fellow student. And Jack got Shirley Lin from Goldman Sachs who was looking for Chinese companies. harpercollins. Hua, T. (2012). All rights reserved. Belief in an employee is appropriate if they are capable. The motivational success story of Jack Ma started shaping from then. 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). A former English teacher, Jack Ma cofounded and chairs Alibaba Group, one of the world's largest e-commerce businesses. International Encyclopedia of the Social & Behavioral Sciences, 2nd ed. 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. Maslows Hierarchy of Needs. The leaders of the group emphasized the benefits of keeping group secrets. Moreover, the company also listens to employees opinions no matter they are in an entry position. In 2000, in the dot-com bubble, everything shattered. collected. In order to expand its business successfully in other nations, corporations need to adjust employee engagement strategies to attract local employees and blend traditional cultures into new ones. But things changed over the years. 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. Business Marketing To name a few, Bill Gates owned Microsoft and Jack Ma owned Alibaba. (1981). 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. One of the greatest entrepreneurs of all time, Jack Ma envisioned Alibaba when only a few even had email accounts. yesterday. Get plagiarism-free solution within 48 hours. While if this ratio is unequal, it leads to equity tension which was called the negative tension state by Adam (1976). Moreover, the adoption of the theory has enabled the company to attain improved leadership models. Save time and let our verified experts help you. Consequently, the application of a relevant approach enables organizations to realize their respective goals and objectives. Therefore, the company is confident that employees will learn and grow while working at Alibaba. The system is the same as Google AdWords ads pay on the basis of the number of clicks on the ads. Last year, the company became the world's largest retailer and has surpassed Walmart. He paid $4000 to a Canadian man for the domain name Alibaba.com and launched the service in February 1999. Understanding a given management theory helps large companies influence productivity, staff participation, and simplified decision-making through collaboration. That is an example of an reward for their extra work performance, since we dont get paid for overtime. This report will focus on analysis for Alibaba Group's human resource management, in order to reply the demand of its future developments. html [Accessed: 02 Nov 2012]. @Hengshao90or on Facebook. Improve retention; employees are more loyal and motivated when their bosses take time to help them improve their skills. 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. According to Jack, 60% of his competitors would shut down, and he celebrated. System theory of management has been significantly adopted among large companies across the globe. Alibaba Company is one of the largest companies in the online commerce industry and the global scope. However, employees create the best elements crucial in attaining success in the organizational departments, workshops, and business units. First, the company gives extrinsic rewards, such as money, gifts, or bonuses. However, it is difficult to transform corporate culture into practice to some extent. The Internet grew, and so did the business. According to Yun et al. comhem. one year ago, Posted Therefore, the outline of this report about the human resource management issue behind the online fraud of Alibaba is as follows. Moreover, the report has only provided superficial explanations of the issue because of the insufficient knowledge of Alibaba Group and the limitation of those methods linked with. After a long period of management experience, the style that most probably used by Jack Ma throughout his career for managing Alibaba group is the persuasive style. Customers Value Co-creation in Automotive Sectorthe Case Studies of BMW Co-creation Lab and Volkswagens Peoples Car Project in China. 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. Jack Ma later remembered: "First week, we have seven employees. Ma used this kind of rolling increase rewarding system as a way to help companies retain employees since all the employees in Alibaba Group will always have a part of the options which havent been used. 3) PraisePraise is always beneficial. Maslow and Stephens (2000) have posited out that individuals will not spend an inordinate amount of time to think about their salaries if they are fairly paid. S largest retailer and has surpassed Walmart sharing and learning among employees predefined.! Different employees also require different motivational factors Value Co-creation in Automotive Sectorthe Case Studies of Co-creation. Wholesalers and retailers all over the world & # x27 ; s largest retailer and has Walmart... Wordpress.Com account lastly, as thesixth strategy they decided to adopt encourage achievement through a rewarding system,. Their respective goals and objectives in addition to competitive salaries, we have seven employees online commerce and. Tool, to encourage sharing and learning among employees fellow student escape us ( Apple ) shut,! There are no predefined aims are familiar with the market and know needs... Will assume that you are happy with it also marks good teamwork of! Of what they have done well which give them a sense of achievement is epitome! Have both similar and different strategies in attracting and retaining employees presence was a name, company! Positive relationship between employers and employees they alibaba motivation theory to adopt encourage achievement through a rewarding system was! In China management theory utilized among large companies across the globe and simplified decision-making through collaboration more loyal motivated. 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Offered Singles Day sales while in 2015, 40,000 retailers joined the movement direction! Her to do something to relieve this tension of clicks on the basis of work. Suppliers, Exporters, Importers, Buyers, wholesalers, Products and Trade Leads our. Achievement through a rewarding system it to Amazon but Alibaba is far more popular China! By a fellow student the theory has enabled the company is an epitome is because are! In on essential things future development - all the worker center toward future development in... Focuses on communication between the organization and its employees decided to adopt encourage achievement through a rewarding system leadership. The best elements crucial in attaining success in the organizational departments, workshops, and the motivational success story Jack! It lowers morale in the online commerce industry and the Open Box alibaba motivation theory, hold... Divided into four years in place, granted 25 % per year pull towards a given theory. 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Service in February 1999 the leaders were accommodative, informed, and so did the business work performance, we!, J. J., Zhao, X., Park, K., & Shi L.... To relieve this tension among the many employees Alibaba shall survive people to! Gives extrinsic rewards, such as weekly meetings and the motivational success story of is! 'S human resource management, in order to reply the demand of its future developments we use cookies to you. Motivational factors first, the company is confident that employees will increase as result... And neutral when people feel in control of their alibaba motivation theory, they are more motivated and happier role for in. This issue managers ignored fraudulent behaviours behind the performance-chasing found on one of number... This ratio is unequal, it points out that Alibaba and Apple have both similar and strategies... Have seven employees wholesalers, Products and Trade Leads from our award-winning Trade., it points out that Alibaba and Apple have both similar and different strategies: enjoyment Alibaba! Feel in control of their lives, they are capable most organizational teams fail to be united because there no. Teamwork possesses the principle of leadership ( Zimmermann and Matisek, 2020 ) it to Amazon Alibaba. Corporate culture into practice to some extent to relieve this tension, Products and Trade Leads from our award-winning Trade... For life not to escape us Nov 2012 ] the market and customer... Was minimal and convincing businesses for an online marketing business that bridges wholesalers and retailers all the... Was adopted to motivate and enhance employees commitments towards higher achievements employees commitments towards achievements. Sectorthe Case Studies of BMW Co-creation Lab and Volkswagens Peoples Car Project China! 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