Leadership is about working together. There are 7 Tips as follows: 1. As leadership analyst, he has written for different topics including Leadership Styles and Qualities, Finance, and Economics. He is a Chinese business magnate who is the founder and executive chairman of Alibaba Group. Looking for a flexible role? He was unable to afford to go to high-school, and despite studying on the side he wasn't accepted into college. It is mandatory to procure user consent prior to running these cookies on your website. He does not position himself as a boss, forcing people to be underlings, but he treats them as important people in the company, which can gain loyalty from them. He says that leaders should be tenacious and have a clear vision. During his time as a teacher, he started his translation business. Understand local culture. Be an Authentic Leader: Ma possesses a strong sense of character which helps him build loyalty and strong foundation on which his business Alibaba grows. Often this personality type has a management position, but he or she can just as easily work in administration, as a police officer or accountant. But opting out of some of these cookies may have an effect on your browsing experience. 4. Using Michale Zakkour’s article (2014), he offers empirical evidence to show that Mr. Ma never stopped improving as a leader. ISFJ – The Nurturer. This is a company goal rather than a leader’s goal. We first consider baseline personality traits like the Big -5 model, self -efficacy and innovativeness, locus of control, and need for achievement. Ma knows what he wants to achieve and he knows how to chase it down. Oscillating Tool Tips and Tricks: How Can You Use an Oscillating Tools Efficiently? Another distinguished characteristic of Jack Ma is the way that he is leading his employees. Use this failure to improve yourself, and the next time, you can do better than the previous. Jack Ma is a Business tycoon belonging to China known for his e-commerce business venture ‘Alibaba’. The highlight of the show was Jack Ma entertaining an aggressive approach to the annual meeting. He is one of the richest men of the world with a massive net worth of US$39.2 billion as recorded in September, 2017. And he got the chance to go to the United States for the first time. It is a sheer fact that a man with a family and a secure job does not just quit everything to be an entrepreneur if he doesn’t possess the trait of taking risks. Once Jack Ma gave an interview on how to separate a leader from an employee. Founder of Alibaba, a Chinese e-commerce company that became an extremely popular way for people in China to shop online. He is also an executive chairman of Alibaba Group Holding Ltd. For making this happen Jack Ma had to be a leader possessing great qualities, skills, and styles in him. He can see the possible way to start the business earlier than others. Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UKEssays.com. Mr. Jack Ma is a man who failed in life many times, whether learning or working. + Early Life Born on October 15, 1964 as Ma Yun in Hangzhou He became a tour guide and would trade tours for English lessons He saw education as his ticket to success. Likewise, with his visionary leadership style, Jack Ma is very visionary. He failed the exam many times, including two times at a key primary school, three times at the middle school, and two times at the university-entrance exam. + Jack Ma Holly Wood, Veronica Cevallos, Renato Segatto, Adriel Reyes Social Media 2. Jack Ma believes that a good leader should have foresight. If they don’t, it means that you have hired the wrong person.” Therefore, Mr. Ma treats his employees as partners. Academia.edu is a platform for academics to share research papers. Sadnan is one of the top contributors of The Strategy Watch, he has been actively contributing since 2017; He has finished his graduation from North South University with a dual major in Accounting & Finance. Porter Erisman, Ex-VP of Alibaba.com sat down with me and a bunch of people in the Leverate Media Office in Berlin to discuss Jack Ma, the man who founded Alibaba, one the biggest success stories ever created in the Internet Industry.Here are 10 things he told us we should learn from Jack Ma.. 1. He was well aware of facing difficulties while applying changes into his company. He is now officially a billionaire, the richest man in China and the 33rd richest person in the world (Investopedia, 2017). He noticed many products produced in China, but when he used the internet to search, the first word was “Beer.” The results surprised him because no Chinese beers turned up, then that he decided to found an internet company for his home country (An, 2017). Jack Ma - a name itself has a lot of mysteries holding records that entrepreneurs dream of. We've received widespread press coverage since 2003, Your UKEssays purchase is secure and we're rated 4.4/5 on reviews.co.uk. Take our quiz for a map to your future. 1. His employees are willing to work without force, which can bring out the ability of the individual at the same time. Ma intended to use the influence of internet & Alibaba to facilitate more globalized trades across the borders beyond China and to help SMEs (Small and Medium Enterprises) across the world. Although he was confronted with failure frequently, it taught Mr. Ma determination. We're here to answer any questions you have about our services. Very focused on your brain. This website uses cookies to improve your experience while you navigate through the website. 2. Jack Black tends to be quite adaptable, and he finds it easy to fit into most social set ups and vocational fields. He dealt with failure in his education and career and believes that failures are a big opportunity to improve. So, what makes jack a powerful leader? With the help of his positivity skill, he expanded his business gradually to the position where it is today. And this is what Jack Ma does as a leader and gets success at every stride of his business. Undoubtedly, he can entertain his employees and shareholders in the meeting (Hasnain, 2017). So in case you would like to evaluate and also improve your general knowledge information about him, just attempt the following online quiz. Within each area, we separate studies by the type of entrepreneurial Ma Yun was born September 10, 1964; who is now universally recognized as Jack Ma. Mr Ma is now setting his eyes on a new goal: shaking up Chinese finance. Rather than uniting his company under the vision of one person, he unites them under a common goal. He possesses illustrious leadership qualities, skills, and styles, some of which are being discussed here. Ma never gives up if he fails one thing repeatedly. It is an internet company with a higher market value in this period, founded by Jack Ma. He starts off as a financial advisor and makes a small fortune. You also have the option to opt-out of these cookies. Since he was young, he has had many experiences, which mostly were failure and rejection. When he was creating a new business, he initiated changes in the process. Available at: https://www.shoutmeloud.com/jack-ma-alibaba-founder.html [Accessed 18 Nov. 2018]. He tried to study Western culture, management concepts, and successful businesses for a year. In this month’s Founder’s Zodiac, we’re digging into five common traits of successful entrepreneurs and the Founder Sign that embodies each one. Since I was young, my parents always taught me do not give up if you have not tried your best yet. The first and foremost, Jack Ma’s characteristic that can stimulate me is his ambition. He got up dressed as Michael Jackson and danced a few songs ‘Billie Jean’. As leaders, we must cultivate our goals and visions to improve our companies and to improve the lives of our employees. Leadership But when Mr Ma started Alibaba in his apartment in 1999, this type of business-to-business ecommerce website did not exist. He Unites People under a Single Goal: Ma knew that it is not possible to convince every single employee, business partner and investor to trust him or to listen to him no matter how hard he tries. Accepting that and changing your approach is another key to his massive success. Jack Ma is the founder of the E-commerce giant Alibaba and is a stakeholder at Alipay, it’s sister company which is an e-payment portal.He is now officially the richest man in China with an estimated net worth of $25 Billion, on the back of the recent world record $150 Billion IPO filing of his company.Given all of this, Jack Ma only holds a 7.8% stake in Alibaba and a 50% stake in Alipay. It has a lot of obstruction, which can make entrepreneurs fail. This initiative of Alibaba started because Mr. Ma saw a potential way to do business online and become profitable. All work is written to order. Tham Jo Ee, C. and Yazdanifard, R. (2015) ‘. He believes that bad experiences in life are the chances you need. We then considerthe risk attitudes and goals and aspirations of entrepreneurs. Check how much you know about this bizzare man. See through Customers’ Eyes: Ma runs e-commerce business and he got his success being not a “Tech Guy” rather he views his products through his customers’ eyes. ... Sports, music, art: these things seem unimportant, but they are extremely important for shaping imagination and personality. Before setting up Alibaba, he did not do well at technology. Prospecting. However, he found that this type of management will limit employees’ freedom and ideas. He can integrate these two leadership styles, leading employees perfectly. Jack Ma became interested in learning, especially the importance of the English language. In this decade, no one knows “Alibaba”, the largest wholesale site in the world, which is a Chinese-owned website that has become international. Jack Ma is the prototype of a successful businessman, who is a true rags-to-riches story. Reference this, Leadership matrix & Leadership paradigm framework of Mr. Jack Ma. Furthermore, he has advanced communication skills. In addition, he was a strong inspiration for employees by taking advantage of his communication skill, trained by being a teacher over a period. This biography of Jack Ma provides detailed information about his childhood, profile, career & timeline A Man of Positivity: Jack Ma knows how to remain positive in any circumstances and this skill made him one of the successful leaders in the world. Another outstanding characteristic that can be noticed from analyzing Mr. Ma is the way that he is leading his underlings. He took these rejections with a positive mind and he worked harder for the next time. Mr. Jack Ma is one of the most influential people in this decade. Jack Ma is a Chinese billionaire who is the founder of Alibaba Group. After a long period of management experience, the style that most probably used by Jack Ma throughout his career for managing Alibaba group is the persuasive style. Most of the content in this report is about how Jack Ma works with his employees in terms of leading because he believes investing in people is the most important thing. What’s more, as can be seen from the company’s values, Jack Ma has built the culture in the organization not too be serious because he wants his employees to work happily as a consequence of great working and loyalty. However, his company reached the 8th richest in the tech industry in 2016, and he had more than 66,000 full-time employees. As Jack Ma steps down as chairman of Alibaba this week, few could dispute that he has profoundly altered the face of business, both in China and the West.. However, he has positive thinking, leading him to be a fighter. Transformation Management Skills: Jack Ma has the skill to understand change management in order to lead his company to success. AN, S. (2017). In 2014, he was ranked as the 30th most powerful person in the world in an annual ranking according to Forbes. Mr. Jack Ma is a famous successful businessman in this decade, with a great leading and perspective, which has a powerful inspiration to a lot of people who learn through his story. When he was asked what separates a leader from an employee he said, “Your employee should have superior technical skills than you. Environmental Factors of PESTLE Affecting Businesses, Social Factors of PESTLE Affecting Businesses, Economic Factors of PESTLE Analysis Affecting Business Organization. Furthermore, Mr. Ma likes to give an opportunity to the new generation because when he was young, no one gave him the opportunity, so he wants to give the new generation a chance to show their ability, which might be intelligent and work better than the previous generation. So, he needs great people with great skills in the organization. Use this failure to improve yourself, and the next time, you can do better than the previous. Jack Ma believes that a person is able to learn the most from his mistakes, obstacles in life, and the hardships. He also believes in building a team that works long hours and provides opportunities to these people is more important than anything else (Wang, 2017). Although he is not good at technology and computers, he has teaching skills. Company Registration No: 4964706. The vision is more important than the leader. His previously life has shown that he was rejected for a job at KFC. Therefore, he manages to limit himself to English. Ma believes this will bring him success and it will inspire people around him to work hard for achieving the goal. Third, dealing with the conflict framework, Jack Ma should be in Collaborating, because he said the company would not be successful without the ability of cooperation between members in the team for the reason that most individuals do not have all skills. Jack Ma is a fascinating example of a successful leader. No plagiarism, guaranteed! He was rejected to get KFC job and also, he got rejected from Harvard University when he applied for 10 times. He is Democratic Leader since he gives importance of his employees’ ideas. He had a full costume and was joined in the back by many dancers in front of thousands of Alibaba employees. Jack Ma told in several interviews and articles that the key behind the success of the business is “Never give up”. With the success of Alibaba, Jack Ma proved this right time and time again. First, viewable through tips number one, two, and seven, he is remarkable at Team leadership in Leaders & Task framework because he is highly concerned with his employees along with the tasks. Business. If you don’t do it, nothing’s possible. He says that leaders should be tenacious and have a clear vision. However, in his studies, he did not do well. Alibaba was at first a business to business company and later Jack Ma tried to convert their company into business to consumer or even consumer to consumer with the help of transformation management skills. According to Ma, “giving up is the greatest failure. If you go out, try your best and fail to achieve your goal but see it through to the end you are a success.” Maa learns most from hardships and obstacles. In this assignment report, I will analyze Mister Jack Ma’s leadership by using reliable articles and publications to analyze as follows Jack Ma’s behavior and his leadership style are demonstrated by the individual that reflect his vision, how it has evolved over time in different contexts, and this assignment report ends with reflections about the inspiration from his leadership styles and conclusion. Therefore, He gained a loyal and hardworking group of executives, managers, and employees. There were times when Jack Ma didn’t taste success even after putting in his best. Jack Ma’s Leadership Approach. I really respect him as my model of the best leader. Moreover, he reduced a gap between leader and his employees by creating an atmosphere during working. For me, to become an entrepreneur in the future, I prefer to use Jack Ma’s leadership style to adapt to my firm. For the Leadership paradigms, Jack Ma stands between transformational leadership and visionary leadership because he is a person with a broader vision, as seen from the history of Jack Ma founding Alibaba since he was first introduced to the internet. One of the important keys leading Jack Ma to become a successful leader is “Teamwork.” He believes he cannot be successful without good team members because he not a professional in many ways, such as technology. Copyright © 2003 - 2020 - UKEssays is a trading name of All Answers Ltd, a company registered in England and Wales. Although he was born in a poor family, which rarely has the opportunity to become a businessman, he did it. Use your instinct. How to Select the Best Reciprocating Saw Blades? He is Tenacious: Jack Ma is a leader with having a tenacity and clear vision. He follows leadership styles which also help him to run his business in a successful way. After he graduated, he tried to apply for a lot of jobs, and he was rejected more than 30 times before he worked as an English teacher at Hangzhou Dianzi University (Mohamed, 2018). Ma parents were traditional Musician-Story teller 6. This is not an example of the work produced by our Essay Writing Service. Ma Yun was known as Jack MA Jack Ma was born on September 10 in Hangzhou , Zhejiang Provision, CHINA 5. This personality trait of Jeff completely resembles Mark Zuckerberg’s personality trait of taking high risks but in a calculated manner. Mr. Ma’s transformational and visionary leadership style is interesting. Rather he is on a mission to change the way business is done in China, gives the country its heart back, and take over the e-commerce world. As mentioned in the organization part, he treats his employees as partners, rather than boss and underling. *You can also browse our support articles here >. Jack Ma had to get up on the front of employees and shareholders and talk about how great the company is. He follows transformational Leadership style as well by empowering his employees and motivating them to do more to achieve success. Skills: Hiring employees with super skills makes Ma ’ s success too they are in charge is an company! Mentioned in the team as a child, Ma was in the position of in... Best leader he did not stop him from dreaming personality type that help us analyze and understand you! Rags-To-Riches story help of his success prior to running these cookies on your browsing.. He got the chance to go to the success of Alibaba started because Mr. Ma treats his employees shareholders... At: https: //www.shoutmeloud.com/jack-ma-alibaba-founder.html [ Accessed 18 Nov. 2018 ] was not instant. 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