Listen to the summary at Blinkist or listen to the book at Audible. And lastly, as thesixth strategy they decided to adopt encourage achievement through a rewarding system. 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. The forth level is esteem needs. com (2011). International Encyclopedia of the Social & Behavioral Sciences, 2nd ed. Lacking of a set of scientific and effective control and management system cannot guarantee the mplementation of building both core value and enterprise culture of Alibaba. 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 . Type your requirements and I'll connect aspx? 3) PraisePraise is always beneficial. 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. Jack needed investors, and they were on a lookout for Asian Internet businesses. Submit your documents and get free Plagiarism report, (Rate this solution on a scale of 1-5 below). Bbc. The motivational success story of Jack Ma started shaping from then. On the other hand, the company may not satisfy the physical and emotional need of its employees. 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. Jack Ma built his empire from scratch. 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. (2017, Jan 13). According to the management theorist, management should adopt an organizational culture, where complex tasks are broken down into simple activities. We use cookies to give you the best experience possible. Among these programs, employee stock ownership plan (ESOP) is quite similar to the incentive system in Alibaba. Business Marketing To name a few, Bill Gates owned Microsoft and Jack Ma owned Alibaba. 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. Nytimes. Management plays an essential role in an organization regardless of the size. For instance, the teachers who do after school tutoring receives extra pay throughout each pay way. 6. 231-245). In conclusion, the team members noted effective teams to be defined by purpose, good leadership, mutual respect, inclusion, and construction communication. 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. According to the theory, the success of an organization is emphasized by people-oriented methods. 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. The purpose of this paper is to discuss innovation strategies and to answer the question of what innovation strategy Alibaba uses. 4. We buy. 4. pdf [Accessed: 03 Nov 2012]. Let us help you get a good grade on your paper. He established an Internet business Hangzhou Haibo Network Consulting back in 1995. se/u68426711/rft/Skinner%201945%20The%20operational%20analysis%20of%20psychological%20terms. Need for achievement Alibaba gives direction and provide feedbacks to their staff so that the employees can reach their potential. 2007-2023 Learnify Technologies Private Limited. 14 Motivational Theories and Models . Therefore, the outline of this report about the human resource management issue behind the online fraud of Alibaba is as follows. More so, they led and directed the group in professional ways. If you too have the desire and spirit to achieve something, nothing is stopping you. COO Daniel Zhang, whose nickname is Xiao Yao Zi, or free and unfettered man, goes by Old Xiao. Mas nickname is Feng Qing Yang, or The Wind Blows Brisk And Light, although it does not appear to be in frequent use. 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. 0 ADAMS, J. S. , BERKOWITZ, L. , ; HATFIELD, E. (1976). First and foremost among those is transparency. [online] Available at: http://news. %%EOF An effective team is marked with information flow and sharing among the group members (Ford et al., 2018). In spite of lack of experience and funds, Jack Ma started something which, years after, is a motivational success story for the budding entrepreneurs. This will not only demotivate the workers, but also will result in a high employee-turnover if other companies provide with higher salary as a motivate factor. He is also an executive chairman of Alibaba Group Holding Ltd. If you continue to use this site we will assume that you are happy with it. use various motivation theories to support your answer. Alibaba employees are motivated through good salary packages and involvement in decision-making. 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. 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. Moreover, company should be direct to their employees when giving feedback and help them further their careers through constant. Essentially, every corporate team has a purpose of pursuing. To know more check the Celebrated on November 11, its a national holiday there. In 2003, eBay tried to take over the online retail market in China. 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. Therefore, it makes sense that managers at Alibaba will help to defraud if dynamically taking managers greedy desire into consideration. Additionally, inducing a culture of productivity and employee participation in large companies calls for effective management interventions (Greve and Argote, 2015). Considering that, To hold worker we need to zero in on essential things Future development - All the worker center toward future development. This helps in maintaining a friendly relation with the members later on. Many Internet companies lost substantial money, and many lost their business. International Distribution Policy Comparative Analysis between Samsung and Apple. Your email address will not be published. The company deployed and utilized visionary, coaching, and democratic leadership. Staff feel happier if they feel valued and are likely to stay within the organisation. 4. The table showing similarities and differences between Alibaba and Apple. And, he traced the journey of Jack Ma from being a school teacher to the emperor of the online market of China. Drawing from the principle of resource allocation, the team ran out of fieldwork facilitation money. However, the employees morale is crucial in improving performance. 7 months ago, Posted ast. A former English teacher, Jack Ma cofounded and chairs Alibaba Group, one of the world's largest e-commerce businesses. This report will focus on analysis for Alibaba Group's human resource management, in order to reply the demand of its future developments. International Journal of Organizational Innovation (Online),5(4), 78. Long term by giving employees increases employees will be apt to stay with the company and this benefits the company in not having a high turn-over. By continuing well assume youre on board with our The following strategies can help a manager persuade staff members to remain on the job and provide valuable contributions for over 30 years: The company has a flat hierarchy structure to support sharing and learning among every level of employees. In 2000, in the dot-com bubble, everything shattered. Available at: http://web. News. 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. Last year, the company became the world's largest retailer and has surpassed Walmart. In other words, members of an effective team can be trusted with team secrets and group resources like money and stationery. A team of xiaoer (literally meaning servants) is there to solve any conflict between customers and vendors. 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. 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. com/2011/02/22/business/global/22alibaba. Currently, most organizations are utilizing creativity and innovation strategies to attain their respective goals and objectives. 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. Consequently, improved leadership fostered decision-making between related projects. Members of the team demonstrated mutual professional respect and worthiness. (1981). 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. 2. Therefore, it implies that the management team should readily deploy applicable and relevant management theories to create a team working culture. In terms of self-improvement, Alibaba focuses on mentoring and learning. SUZANNE, B. Low: Fears failure, avoids responsibility. In terms of recognition, Apple provides this strategy with two kinds of rewards. The development of supervision before the event, at present and after the event all depends on the growth of the enterprise culture. Management Theory Influences Team Working That makes his motivational success story even greater! We store cookies data for a seamless user experience. According to Ford et al. Alibaba employees are motivated through good salary packages and involvement in decision-making. ?>. The interest was to extend beyond official working hours to ensure the security of the team. We travel not to escape life, but for life not to escape us. So, they cut costs and narrowed themselves only to the Chinese market. 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. The merchants, however, can pay to get themselves featured. can use them for free to gain inspiration and new creative ideas for their writing Drawing from the attached significance of a management theory, it is essential for any management team (Huang et al., 2013). 1. Explore how the human body functions as one unit in 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. Notably, to execute the duties collectively calls for effective strategies. He found her through his business partner, Joe Tsai, who knew Shirley back in 1989. As we know, Ma established the first e-commerce company in China and also founded Alibaba, the largest retail trading platform around the world. essay. Consequently, the team was not able to meet the predetermined. 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. Until the employee make themselves comfortable among different working relationship, it will not allowed to access to the hierarchy stage of self-esteem and self-actualization respectively. Thank you! Get plagiarism-free solution within 48 hours. Management Theory Influences Team Working. While if this ratio is unequal, it leads to equity tension which was called the negative tension state by Adam (1976). First, the company gives extrinsic rewards, such as money, gifts, or bonuses. Both the greedy desire and the psychological imbalance are the internal reason behind the problem. Jack tries to make sure that every customer has an experience like no other. Image Courtesy of Dan Croitor David Wei and Elvis Lee Quit Alibaba Amid Fraud Inquiry - NYTimes. When given more freedom at work, employees are happier in their jobs. In the point view of organizational behaviour, it is obvious to see that Ma has applied an effective reward system into his company. Do you need high quality Custom Essay WritingServices? astd2007. First, the company encourages employees to follow their passions. Notably, the companys overall success has been propelled by different organization organs. Essentially, several management theories have been adopted to create enabling environment among the many employees. 1 Internal reasons According to the perspective of Abraham Maslow who is well known for the hierarchy of needs theory, the pattern of behaviours based on individual needs (Poston, 2009). Notably, the team members felt a sense of group worthiness and ownership. Meanwhile, it will motivate him or her to do something to relieve this tension. Alibaba team members were reliable and trustworthy. 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. (2013), different people have different ideas, beliefs, priorities, views, tastes, and preferences. Section 1 Globalized Economy: Challenges and Prospects, 200. The length of our marriage is 102 years, and we have 87 years left. Belief in an employee is appropriate if they are capable. With a futuristic mindset, Jack founded Alibaba back then, in 1999. Consequently, motivation and morale have improved the team working culture. More importantly, although the two giant companies share common strategies, they implement them in different ways. 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. Management theory is a concept that acts as a pathway for managers to efficiently and effectively create teamwork (Greve and Argote, 2015). Both types of rewards will recognize the quality of individual and team work. By 1999, he had the plan for his new idea and a team. Researchers have identified three major components of motivation: activation, persistence, and intensity. There is the principle of effective communication among the team members. It is an internet company with a higher market value in this period, founded by Jack Ma. Yun, J. J., Zhao, X., Park, K., & Shi, L. (2020). Every team member paid attention and was actively involved in the team activities. Graduate of Chulalongkorn University. 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. PhDessay is an educational resource where over 1,000,000 free essays are However, weak awareness of the human resource control among Alibaba Groups executives sets the stage for this online fraud scandal in China. Teamwork is one of the fundamental determinants of quality human resources in an organizational setting. html [Accessed: 02 Nov 2012]. Did you know that we have over 70,000 essays on 3,000 topics in our Even those at the top of the pyramid are referred to by their nicknames, so to minimize the sense of structure and superiority. In 2009, only 27 shops offered Singles Day sales while in 2015, 40,000 retailers joined the movement. %PDF-1.7 % According to Huang et al. China may be a leading tech country today, but years ago things werent the same. After being paid adequate salary, employee seeks safety physically and mentally on the jobs. alibaba. Another way to maintain healthy and positive surroundings is to treat them respectfully. 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. Samsung doesnt reward their employees at all, instead they manipulate employees mind with the awareness of economic environment. Moreover, a healthy working relationship is another principle of an effective team (Sanyal and Hisam, 2018). So, he went to the US for inspiration. most beautiful christmas market of Poland, Understand Cultural Differences - Beyond Culture, How to Find Your Passion and Purpose - Ikigai, Danish Lifestyle and the Secret of Happiness - The Year of Living Danishly, Everything Behind the Steve Jobs Success Story, Stress Free Productivity and Getting Things Done. According to the principle, all members should pull towards a given direction. 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 . InInternational Conference on Transport Systems Telematics(pp. Training and development has a positive impact on employees, this shows investment from the employer and enhances career progression. number: 206095338, E-mail us: Zimmermann, N., & Matisek, J. Moreover, they have an opportunity to look for a new position that matches with their abilities and interests. 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 company created its own mortgage fund called "iHome" in October 2011, allowing employees to apply for interest-free loans for property down payments. The members later on was actively involved in the team ran out of fieldwork facilitation money thesixth! 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