Midterm Essay Example | Topics and Well Written Essays - 3250 words - 1

Midterm - Essay Example This means that people and business organizations are on a continuous journey that requires them to experience various processes and practices consciously or unconsciously. In this case, business organizations are expected to be abreast of the changing factors that can affect their profitability and other management aspects. This paper examines the concept of change and how it can be used by organizations to create and enhance their effective performance and success. It focuses on a Chinese Company, Alibaba Holdings, which has navigated its path to reach its current levels of excellence in business performance. The company has recently been listed on the New York Stock exchange in a bid to remain competitive and enhance its market position (Lianna, Jessica & Ryan, 2014). Currently, the pace by which globalization has been taking toll on businesses has quickened tremendously. Business executives and owners have been increasing their call for flexibility, agility and innovativeness from various business functions (Robertson, 2006). This development is aimed at positioning businesses strategically to tackle the rising challenges in competition and other factors in the external and internal environment. Amidst all these persistent calls, one thing has often been largely ignored, that is, organizations are creatively designed in order to search for competitive advantages that are sustainable. In addition, the fact that stability in business practices is just not desirable and effective, but attainable as well, has been an issue buried deeply in managerial psyche, but has been bolstered by periods of practice and theory (Christopher & Edward, 2006). It is important to understand that the popularity that is often associated with efforts for process improvement that range from overall quality management to various kinds of sigma provides are enough evidence for