From the e-Activity, evaluate the lessons learned in this chapter to determine which single lesson would be most beneficial to the company you researched. Provide specific examples to support your response. From the e-Activity, identify one firm that you think would make a good strategic partner for the company you researched. Provide specific examples of why you think this firm would be a good partner.
Answered Essay: From the e-Activity, evaluate the lessons learned in this chapter to determine which single
Expert Answer
One of the most important lessons that we learnt is how to effectively manage a team and retain the best employees so that long term revenue growth can be estimated and increased profits can be expected by the organization.
- The company that we researched is ALIBABA which is the largest B to B E-commerce company in the world. Hence for Alibaba the lesson to retain the best employees so as to ensure competitive advantage is one of the most concerning and important lesson that should be kept in mind and should be worked upon.
- A specific example in this case is recent entry of Indiamart.com (its biggest competitor) in the market who is ready to offer much higher salary to attract the best talent in the market and hence it is a threat for Alibaba as Indiamart.com might attract its employees.
- Recently Indiamart.com hired the technical expert of Alibaba which is a warning sign for Alibaba and this lesson should be kept in mind by them to expect sustainable growth and powerful existence in the market.
- Trade India would act as a great strategic partner as Alibaba can buy that firm and strengthen its position in the B to B E-commerce industry. It is also because of the reason that Trade India has some best of the talent for specific roles which is lacking in Alibaba hence buying that firm would definitely ensure better hold in the market for Alibaba.
