According to Edgar Schein – The culture of an organization does not develop in a day, instead it is formed from over time as employees go through a variety of changes, adapting to the complexity of the external environment as well as problem solving (Mubin, M., 2014). It is through past experiences and commitment that formed the culture of the organization. Newly joined employees will have to adapt to the new culture to enjoy a stress free life (Management Study Guide, 2013).
The basic assumption of Jack ma is that he provides efficient business to business solutions through e-commerce to Small Medium Enterprises (SMEs) in China. In the recent year, Alibaba group has claimed the record for the largest US-listed initial public offering and has
…show more content…
Information technology (IT) is the driving force in the process of globalization. It has become ubiquitous and is changing every aspect of how people live their life. He used IT at the start of the business to connect SMEs together, championing small businesses and operating an ecosystem where all participants have an opportunity to prosper. With the emergence of smart phones, it is impossible to not see someone using their phones to surf the internet in every corner of the world. Through the influence of Jack Ma, Alibaba is shaped to seize opportunities. The company found its way into mobile applications. Now, not only can Alibaba be accessed through the internet, people of all ages who own a smart phone is able to be connected to the company. With this, the company grew and this also encourages SMEs to challenge large enterprises, this link back to the value of …show more content…
People often associate wealth with happiness. Being one of the richest men in China, Jack Ma feels that responsibility is a “great pain” and that he is not happy (REV Asia, 2015). He is pressured by the high expectations that others have on Alibaba's stock price. He feels that the people who approach him are not genuine, and are only there to benefit from his wealth. He feels that the people who approach him are not genuine, and are only there to take advantage from his wealth. He wants to be view as a success entrepreneur instead of being one the wealthiest man in China. Quoting his speech, “When you have one million dollars, you’re a lucky person. When you have 10 million dollars, you’ve got trouble, a lot of headaches. When you have more than one billion dollars, that’s a responsibility you have, it’s the trust of people on you, because people believe you can spend money better than the others”. With this, he decided to put his wealth to good use. As a philanthropist and social responsible, Jack Ma contributes charitably to disaster reliefs and the poor. Forbes Asia has selected him as one of “Asia’s heroes of philanthropy” (Grosse, C. U., 2012). Same for Alibaba, the company has setup philanthropic trust fund, financed by share options, which gives back to the society (WSJ, 2015). Jack Ma encourages his employees to give back to the society with the wealth that they have earned. Many of
Being put in front of a Judge for a crime you did not commit, is something that happens too often. In fact, it happens so much that non-profit organizations such as “The Association in Defense of the Wrongly Convicted (AIDWYC) to identify, advocate for, and exonerate individuals who have been convicted of a crime. Influences on wrongful convictions are predominantly initiated by eyewitness misidentification and false confessions. Misidentification and False Confessions cripple the criminal justice system as it relies on the honesty of all parties involved. These miscarriages jeopardize a defendant’s image, as in the case of Jack White.
John D. Rockefeller created an industrial empire, and a personal fortune on a scale that the world had never known. He ruthlessly crushed his competitor s in the process, alienating the public and leaving a stain on the family name. He set the standard for philanthropy, but his reputation was so sullied that he never received the credit that he was due for this great act on behalf of humankind. "We came to realize that the real problem was the integration of power and goodness," says Steven Rockefeller, John D. Rockefeller Junior’s grandson. "And that if the family was going to continue to work together, philanthropic commitments and values would be at the center" (Harr 67). In a society that has more millionaires, even billionaires than ever, the story of the Rockefellers is both a cautionary tale and an exemplary one.
A penny saved may be a penny earned, just as a penny spent may begin to better the world. Andrew Carnegie, a man known for his wealth, certainly knew the value of a dollar. His successful business ventures in the railroad industry, steel business, and in communications earned him his multimillion-dollar fortune. Much the opposite of greedy, Carnegie made sure he had what he needed to live a comfortable life, and put what remained of his fortune toward assistance for the general public and the betterment of their communities. He stressed the idea that generosity is superior to arrogance. Carnegie believes that for the wealthy to be generous to their community, rather than live an ostentatious lifestyle proves that they are truly rich in wealth and in heart. He also emphasized that money is most powerful in the hands of the earner, and not anyone else. In his retirement, Carnegie not only spent a great deal of time enriching his life by giving back; but also often wrote about business, money, and his stance on the importance of world peace. His essay “Wealth” presents what he believes are three common ways in which the wealthy typically distribute their money throughout their life and after death. Throughout his essay “Wealth”, Andrew Carnegie appeals to logos as he defines “rich” as having a great deal of wealth not only in materialistic terms, but also in leading an active philanthropic lifestyle. He solidifies this definition in his appeals to ethos and pathos with an emphasis on the rewards of philanthropy to the mind and body.
Information Technology (IT) is a foundation for conducting business today. It plays a critical role in increasing productivity of firms and entire nation. It is proven that firms who invested in IT have experienced continued growth in productivity and efficiency. Many companies' survival and even existence without use of IT is unimaginable. IT has become the largest component of capital investment for companies in the United States and many other countries.
A little more than 10 years ago, China’s path to e-commerce leadership would have been difficult to foresee, even as the tech boom in the US and other markets saw the development of e-commerce as an important B2C and C2C channel.
Over the last 30 years the world has seen drastic changes in the Chinese way of making business. Nowadays, China has opened its businesses to the rest of the world, especially America and Europe (Teagarden & Cai, 2009). As a result, their economy has increased and the evolution of the companies have changed to be from closed doors to be international and multinational (Teagarden & Cai, 2009). This essay will analyze, first of all, how some Chinese companies have had success abroad, looking at the strategy that they applied to expand and to improve their products. Furthermore, this essay will show examples of successful Chinese firms, such as Lenovo and TCL Group, and how they achieve it.
Culture can be defined as “A pattern of basic assumptions invented, discovered or developed by a given group as it learns to cope with its problems of external adaptation and internal integration that has worked well enough to be considered valid, and therefore to be taught to the new members as the correct way to perceive, think and feel in relation to those problems”. Schein (1988). Organizational culture can be defined as a system of shared beliefs and values that develops within an organization and guides the behavior of its members. It includes routine behaviors, norms, dominant values, and feelings or climates. The purpose and function of this culture is to help foster internal integration, bring staff members from all levels of the organization closer together, and enhance their performance.
This essay gives a basic idea of what organizational culture is, and emphasis on the controversial issues of managing organizational cultures. As there are various definitions for organizational culture, and none of them are universally agreed. Therefore, for an easier understanding by readers, the definition of organizational culture given in this essay focusing on levels of culture, and will be discussed t together with Schein's(1983) framework. Before talking about managing organizational cultures, the types will be introduced first. Because, there are some descriptions about managing different types of organizational cultures, in the following content.
It is said that people are the greatest assets to an organization and it is their beliefs, customs, perspectives, attitudes, and values that constitute to the culture that prevails in an organization. Culture, a very common word in today’s world, plays a very vital role in organizations and it not only affects an employee’s professional development but also their personal harmony. Culture gives a sense of belonging to people, a sense of who they are and how productive they are at their work place. It helps in interacting with each other at a work place.
The reasons the researcher selected Mr. Akio Toyoda and Mr. Bernard L. Madoff as the successful and unsuccessful global business leaders because, both come from humble beginnings. In addition, both leaders come from different cultural background and ethnic groups. Mr. Akio Toyoda started at the bottom and moved from lower positions to the top position in within Toyota as Mr. Toyoda is the founder’s grandson. Mr. Bernard L. Madoff built the Bernard L. Madoff Investment Securities from the ground into a very powerful organization and the majority of Mr. Madoff family served in key leadership position. Mr. Toyoda earned a Master in Business Administration where as Mr. Madoff earned a bachelor in political science (Fogelson, 2010; McGee, 2007; Cresswell & Thomas, 2009; Czarny, 2009; Baldwin, 2010)
The concept of organizational culture is one of the most debated topics for researchers and theorists. There is no one accepted definition of culture. People even said that it is hard to define culture and even more change it. It is considered a complex part of an organization although many have believed that culture influences employee behavior and organizational effectiveness (Kilmann, Saxton, & Serpa 1985; Marcoulides & Heck, 1993; Schein, 1985a, 1990).
Organisational culture is emergent and socially created by constant interactions of organisational members with their environment as well as with each other. Looking at the former, Schein (1985) defines culture as learned solutions to problems that arise from positive problem-solving situations, be it problems of “external adaptation” or “internal integration”. Essentially, when confronted a problem that threatens the continuing survival of an organisation, members of the organisation would try out various responses until they discover one that most effectively remedies the situation. This solution, once accepted, is absorbed into the culture and becomes a cultural norm. For the latter, culture also emerges as a way for members to cope with environmental anxieties. For example, in order to cope with the stress of their occupational responsibilities and develop an effective way to communicate their points with each other, members of an organisation may develop their own jargon and language, which then becomes an implicit cultural
Businesses are now able to approach overseas markets, they are no longer confined to their areas of establishment. Business today is inextricably intertwined with technology, from the smallest home office, to a multinational corporation with multiple monolithic legacy applications. It is impossible to be in business today without confronting the issues of technology. The way we do business today is different than 30 years ago. Technology has evolved around the areas of telecommunications, travel, stock markets, shipping and even around our daily lives.
ICT has revolutionized the world especially in commerce, education and socialization. It has reduced the world into a small global village. This has been facilitated by the greatest innovation in the information and communication technology (ICT): the internet. Since its innovation, there have been many benefits and opportunities that have been realized from different quotas including; education sector, business sector, health sector, communication sector and transport sector among others. Many organizations in these and other sectors have in one way or another adopted the use of the internet so as to enhance their services, processes and products. In addition, the use of ICT has become one of the factors that add to competitive advantage and thus every other organization wants to gain this competitive edge against other organizations: including Kingdom of Saudi Arabia.
It brought organisational culture to the performance of a company, which has become a critical topic in management department. In addition to organisational culture, organisations need to be aware and prepared for changes in the expanding workforce as business grows. Companies are faced with maximizing benefits as well as profits while minimizing negative factors that come from those changes. There is no one answer to the issue, but some of the guidelines are clear. Awareness of organisational culture, teamwork, individual performance, external environment adaptation, leadership, and measurement of organisational culture are key factors that lead a company to perform better.