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
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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
The culture of an organization is embodied in its vision as well as the actions and attitude of its employees. Managers can sometimes sustain the skeleton of the company culture but it takes a leader to invigorate it and keep it healthy. A manager works hard at keeping the “old” culture and a leader works even harder at ensuring the culture is innovative and breathing in each of its employees. Bo...
The Internet is the future of business. Bring your company up-to-date and provide customers, not only with product descriptions and information, but with a way to shop, communicate and interact with your company via the web. The Internet also provides less chance for human error in the ordering process because fewer individuals have to handle information. And, most importantly, the Internet speeds up operations, whether it is use for sending information to employees or receiving custom orders from customers.
The first chapter of Charan’ s book is titled “What Jack Welch and Street Vendors Share.” Charan says that CEOs and street vendors both completely understand the “universal law of business” therefore, when it comes to running a business, CEOs like Jack Welch and fruit vendors in developing third–world countries think and talk in a similar manner. Charan says these people all have a business acumen that allows them to work with the idea that every business is the same, no matter what product or service they create and to see through the complexities of their businesses, whether internal or
The story of these men’s lives is inspiring for a new entrepreneur or innovator to use as an example for effectiveness in business. These two CEO’s would make a good team if they joined forces. Each company has to find their own niche and the business model that works for them. The key to both of these CEO’s success was listening to the customer. Krames also mentioned that it is important to remember the none customer as well. It took strong dedication and devotion of these two men to keep their focus on their company’s mission and vision. Both Chapters illustrated the healthy fear a company faces and satisfy the market (Krames, 2003).
Leadership and organizational culture have direct influence on an organizations performance, thus effecting the quality, cost and effectiveness of the organizations strategic plans and missions. Organizational culture (OC) can be the established set of patterns, believes or “norms” that exist with an organization. An organization’s cultural environment can either increase or reduce employee stress. This stress can then in turn take a dramatic toll on individuals creating additional employee stressors. Obviously eliminating stress is simply impossible, but the best managers are
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.
In a contribution article titled 6 Things Mark Cuban Says You Need to Be Great in Business to Entrepreneur.com, Mark Cuban describes some of the foremost characteristics of Walt’s business
The strategic decision to form an acquisition with Skype in 2005 was made and the deal was said to be worth $2.6 billion. It is argued by eBay that with Skype it is able to create an “un-paralleled e-commerce engine”. This acquisition was a follow up of purchasing PayPal in 2002. Acquiring these prominent companies has allowed eBay to forge greater links on order to dominate specific regions of the world. Thes...
In today’s dynamic business environment leadership must understand the value and importance of their organizations’ culture. While it may never be formally defined, leadership must have a vision of their intended culture and a plan for creating and maintaining it. This vision will serve as the potter’s clay that determines everything from the dress code to the organizational structure. This paper examines two methods organizations can choose to create and maintain a healthy culture.
Jack Ma founded Alibaba Group, together with his 17 friends in 1999. Jack Ma was just an English teacher when he developed the idea of establishing an e-commerce site that will help sellers and buyers alike, as a platform for them to communicate, advertise and make transactions. The Internet was still not at the peak of its popularity yet back then, but Jack Ma had a vision. With a fund of he knew that he could help businesses in China to develop and compete competitively in the local and international markets. Today, Alibaba Group has grown so much and has created multiple platforms for the business-to-business, business-to-customer, and customer-to-customer trading site and been one of the largest e-commerce sites that ever established.
Even though the workplace culture initiatives were known as world class well-known, it is foolishness to expect the same from all employees of different cultures. Daniel(1995) states that organization culture or workplace ethics and its effectiveness is primarily established on four qualities of the organizational ethics. The four individual traits includes participation or involvement, reliability, flexibility and mission(O’Reilly, Chatman & Caldwell 1991). Similarly, Sinclair(1993) states that management as an trait can also influence organizational and employee performance. Therefore it seems to be doubtful that every employee would be comfortable enough to blend into the company’s norms and culture. Also the two traits namely involvement and adaptability plays a major role in the culture as they reflect flexibility, openness and responsiveness. He states that culture in the workplace can be an integral part of the adaption process and these indicators may be the sign of good performance and growth(Daniel
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
2: Finkle, Todd A., and Michael L. Mallin. "Steve Jobs and Apple, Inc." Journal of the International Academy for Case Studies 16.8 (2010): 49+. General OneFile. Web. 19 Oct. 2011.
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 can be defined as a total function of common beliefs, values, patterns of behaviour that held and shared by the member in an organisation. It is also a valuable resource which can improve competitiveness of a company and uses to distinguish the company (Barney 1986). From 1970's the study of organisational culture has become an important issue and closely studied in early 1980s. Since then organisational culture turned out as one of the most important factors which affects the overall performance of a company. It brought organisational culture to the performance of a company which has become a critical topic in management department. In addition to what organisational culture is, organisations need to aware and prepare changes of the expanding workforce from business growing. Companies are facing with maximizing benefits as well as profits while minimizing negative factors that comes from those changes. There is no only one answer for the issue, but some of 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 performs better.