Stories can sustain the vision of values that drive a project, motivate engageme

Question

Stories can sustain the vision of values that drive a project, motivate engagement and celebrate accomplishments so it is worth looking at some of the best

find a video that describes a success story in an organization. These are readily available on You Tube, Ted Talks and other sources. Use the bullets below to help us understand why this organization was able to act out its vision and be successful:

What were the key factors in the success?

What was the most important thing the leader did to contribute to the success?

What was the biggest obstacle that had to be overcome to be successful?

What did you learn from this story that could be applied to your project? (In this post include reference to the video so we can locate and watch it.)

Explanation / Answer

Alibaba is fast becoming an empowered and successful organisation that started with a small idea. It is the biggest IPO in the world and it provides business to the customers. It provides efficient business to customer and customer to customer sales and services through the web portals. There are also data centric, cloud computing, electronic payments for shopping. The founders of the company Jack Ma and Penh Lei worked on the idea consistently with effective strategy.

The organization focuses on small enterprises and several variety of goods were provided to the target consumer groups.

The organization emphasised on creating unconventional profit model and technical and marketing support.

It focused on creating loyal customers and creating robust market share.

The credit model was focused as reliable and efficient.

The biggest obstacle it had to face was the control the fast expansion. It controlled the operations to work the expansion strategy effectively.

The traditional transaction methods were challenged effectively and newer innovative methods were introduced.

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