VR of Alibaba for Research and Development Plan- MyAssignmenthelp

Question: Discuss about theVR of Alibaba for Research and Development Plan. Answer: Introduction Aliababa Group is a company which provides the basic technology, framework and marketing to guide different, brands and other businesses that provide products, services and digital content. The main advantage of this company, which surpasses the other company, is that it has various types of companies integrated within itself for example: - Alibaba Cloud, Ant Financial, Taobabo.com etc. All these companies specifically is the platform for online marketing services for computers and mobile phones and other technical things. AliResearch institute was established in April 2007. This is the most important and integrated parts of Alibaba have failed to continue its chain system of so many organizations (Wu et al., 2015). The research opportunities of this organization is new commercial civilization, model innovation study, such as C2B commercial model, future organization model and Internet-enabled study of industries, such as e-commerce logistics, rural e-commerce. Many research scholars who are experts in management and economics able to provide idea about to provide new methodology in this field and the merchants, service-providers are highly benefitted due to this. Todays world is continuously changing and every time any organizations have to keep in par with new thoughts and ideas for launching new products. So it can be said that AliResearch centre is the pillar of the Alibaba organization. For example there is reflection of some of the key findings of Research Report on Chinas Taobo village. There were 1000 Taobo village and 100 Taobo towns found in China. AliResearch has researched consumption demands, and created designs with collaborators by taking the help of new techniques , online merchants of Taobao villages have able to uplift their efficiency and essence and launched new products (Tu Hao, 2015). . According to incomplete statistics over the year of 2016 more than 120 segment of rising products and services of Taobao villages have witness fast develo pment in sales, crossing RMB1 million or even RMB10 million. The products included electric balance bikes, writing brush, paper and ink and others. This e-commerce system has expanded to a large extent and this has helped to provide jobs to many people and finally has eradicated the poverty from the towns and the villages (Qu, Zhang Ding, 2015) . Management Team and Organizational Structure The management team of Alibaba comprises of leaders who are mainly the Board of Directors. They are: - Jack Yun MA is the Executive Chairman of the Alibaba Group, Joseph C.TSAI is the Executive Vice Chairman, Daniel Yong Zhang is the Director and Chief Executive Officer of this organization. J. Michael Evans is the Director and President of this company, Masayoshi Son and Eric Xiandong Jing is the Director of this organization. Chee Hwa Tung, Walter Teh Ming Kwauk, Jerry Yang, Brje E. Ekholm, Wan Ling Martello are the independent Directors of this organization. This Board of Directors is appointed from time to time by the process of election. They are mainly elected by the decision of the stakeholders of the company (Dong et al., 2015). The Board of Director must contain 9 directors until the Softbank has the right to nominate a director but when the SoftBank is devoid of such rights then the organization must have seven directors. A director is only removed from office without any c ause if the director (1)dies or becomes bankrupt or makes any arrangement or composition with his creditors generally; or (2)is found of unsound mind; or (3) resigns his office by notice in writing to our company. Otherwise the director is only removed by the corporate governance committee by the vote of majority of the board of directors along with the suggestions and advice of the corporate governance committee. These members are at the top positions of the company or organization who takes all the decisions of the company. They coordinate and supervise all the employees of the organization and motivate them to do the work not only for the revenue-generation of the company but the leaders also inspires the team members and the employees to work also providing best services to the customers (Burke Eaton, 2016). Besides, this Board of Directors there must be other leaders of managerial posts who also coordinate each chain of this organization (Guo et al., 2013). Without this managerial structure the company has no existence because the entire responsibility of the organization rests on them. Risk Recognition and Risk Reduction Strategies: Risk Recognition: The risk recognition of VR is crucial because it is capable of allowing a more realistic view of the products which will attract more customers. Alibaba can generate billions of dollars of revenue by promoting and selling products using the virtual reality technology. The company is set to launch virtual reality, software which allows the customers to wear a headset and get a total view of the products. The company has recognized that VR has great prospect in generating revenue and maintaining high competitive position in the market. The company faces stiff challenges from powerful players like ebay and Amazon.com. The company has recognized the future profitability of VR and is making strategies to reduce the risks (Forbes.com, 2017). The technology can pose considerable risk to VR because the competitors like Amazon continuously carry out innovations and research to bring out new software which can compete with VR. These innovations are likely to threat the profitability and revenue generation of Alibaba. Thus, Alibaba has to carry out innovations to stay ahead in the competition with its rivals and keep generating huge revenue with VR. The company should bring out updated versions of VR to ensure its top position in the market. Risk Reduction Strategies: Differentiation strategy of Alibaba: Alibaba differentiates itself from its competitive to hold a strong market image and position. The company acts an ecommerce company connecting only buyers and sellers. It has a strong supply chain in all the countries and shows the prices in local currencies. This allows it to differentiate itself from its competitors because the supply chain allows it to offer goods without requirement of spending after maintenance of warehouses (Lu Swaminathan, 2015). Partner Connections: Alibaba has strong connections with local merchants and suppliers. It allows them to sell their products to a huge number of customers using its digital platform and brand value. The company thus reduces the risk it faces from the big ecommerce companies like Amazon and ebay. The country owns shares of companies like paytm and has partnered with the Chinese branch of Yahoo. This has helped the company to virtually control the operations of several other companies which allows it to reduce the competition from them (Alcacer Chung, 2014). This has in fact allowed the company to enter new markets and extend its product line. For example, Alibaba is a shareholder of Paytm, the Indian payment gateway company which is used by millions of Indians to make payments. This allows it to enter profitable markets like India and diversify its risk posed by the market, like risk from competitors. Mobile Technology: Alibaba has launched its application which can run on both computer and mobile phones, thus allowing customers to order products anytime and from anywhere. The company is planning to introduce VR on mobile platform as well so that the buyers can have better product viewing and ordering experience. This will allow the company to gain high position in emerging markets like Asia where its competitors like ebay are yet to gain a strong foothold. The company can earn huge profit and diversify the business risks over these markets (DeBoer, Panwar Rivera, 2017). References: Alcacer, J., Chung, W. (2014). Location strategies for agglomeration economies.Strategic Management Journal,35(12), 1749-1761. Burke, Q. L., Eaton, T. V. (2016). 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