Alibaba Group, a Chinese multinational technology company, recently announced its restructuring plan to enhance decision-making. The move was made by CEO Jack Ma to make the business units more agile and responsive to customer needs and market changes.
The new structure will divide Alibaba into three core businesses: Core Commerce (including Taobao Marketplace, Tmall), Cloud Computing (Aliyun), and Digital Media & Entertainment (Youku Tudou). Each of these divisions will be headed by its CEOs who are responsible for making decisions independently while remaining aligned with the group’s overall strategy. This decentralization of power is expected to lead to faster response times from each division as well as better execution of initiatives that require collaboration between different departments within Alibaba Group.
In addition, this restructuring also aims at increasing transparency across all levels of management so that information can flow freely throughout the organization without any delays or bottlenecks due to bureaucracy or red tape. With this improved system in place, it is hoped that Alibaba can continue its rapid growth trajectory while becoming even more competitive in an already crowded marketplace.
Read more at Brecorder
