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LEADERSHIP_JACK MA

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LEADERSHIP

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LEADERSHIP_JACK MA

  1. 1. PROJECT ON LEADERSHIP BY ASHISH HAJELA ASHUTOSH MATHUR IBS GURAGON
  2. 2. JACK MA • Ma Yun known professionally as Jack Ma, is a Chinese business magnate and philanthropist. • Failed in college entrance exam thrice. • Eventually, he attended Hangzhou Teacher's Institute and graduated in 1988 with a B.A. in English. • After graduation, he applied in 30 different jobs and was rejected in all including a job at KFC. • He is the founder and executive chairman of Alibaba Group. • Founder of ALIBABA.COM which is largest e- commerce website in the world. • Net worth of ALIBABA as a group is US$27.7 billion. • He is the first Chinese entrepreneur to appear on the cover of Forbes.
  3. 3. HOW IT ALL STARTED ?? • In 1994, JACK MA heard about internet. In early 1995, he went to US. There with the help of his friend he had his first encounter with internet. • There he realised the power of internet and what internet can do. • He and his friend started a website “ UGLY” which gives information about CHINA. Within five hours of creating the website he had received emails from some Chinese wishing to know about him. This is when Ma realized that the Internet had something great to offer. • In April 1995, Ma, his wife and a friend collected $20,000 and started an Internet company. Their company was dedicated to creating websites for companies. He named their company "China Yellow Pages." Within three years, his company had made 5,000,000 Chinese Yuan which was equivalent to US$800,000. Ma began building websites for Chinese companies with the help of friends in the US. • From 1998 to 1999, Ma headed an information technology company established by the China International Electronic Commerce Center. • In 1999, he quit and returned to Hangzhou with his team to found Alibaba, and started the company site in his apartment with a group of 17 friend.
  4. 4. ALIBABA STARTED GETTING BIGGER!!! • ALIBABA got its first funding of 500000 yuan. In October 1999 and January 2000, Alibaba twice won a total of a $25 million international venture capital investment. • Ma wanted to improve the global e-commerce system and from 2003 he founded Taobao Marketplace, Alipay, Ali Mama and Lynx. • After the rapid rise of Taobao, eBay offered to purchase the company. However, Ma rejected their offer, instead got support from Yahoo co-founder Jerry Yang with a $1 billion investment. • In November 2012, Alibaba's online transaction volume exceeded one trillion yuan. • In september 2014, ALIBABA raised $25 billion in an IPO on NEW YORK STOCK EXCHANGE. Alibaba became one of the most valuable tech companies in the world after raising $25 billion, the largest initial public offering in US financial history. • As of now, JACK MA serves as a executive chairman of Alibaba Group, which is a holding company with nine major subsidiaries: Alibaba.com, Taobao Marketplace, Tmall, eTao, Alibaba Cloud Computing, Juhuasuan, 1688.com, AliExpress.com and Alipay.
  5. 5. LEADERSHIP TRAITS OF JACK MA • Stress on Passion over theoretical skills • Hires people with superior skills VALUES ATTITUDE • Rather than uniting his company under the vision of one person, he unites them under a common goal.UNITES PEOPLE •Jack Ma believes that a good leader should have foresight. •He should try to stay one step ahead of the competition and anticipate how decisions will play out ahead of other people. FORESIGHTEDNESS • According to Ma, “giving up is the greatest failure.” • Ma believes that a person is able to learn the most from obstacles and hardships. They key to success is persevering and learning from your mistakes. DEFINES FAILURE AS GIVING UP
  6. 6. LEADERSHIP TRAITS OF JACK MA • Maintains fairness and considers opinion from all board members and employees. DEMOCRACY IN MANAGEMENT • MA knows his strengths and is not afraid of to admit limitations, and is willing to learn from every source of life. ACKNOWLEDGING OWN STRENGTH AND WEAKNESS AND ADAPTION TO CHANGE
  7. 7. LEADERSHIP TRAITS OF JACK MA • MA gives utmost importance to the opinion and choices of its customers. FEEDBACK FROM CUSTOMERS • Networking is priority of JACK MA to expand his horizon. CROSS BOUNDARY RELATIONSHIP
  8. 8. LEADERSHIP TRAITS OF JACK MA • JACK MA has always believed that innovation and invention is need of the world • He constantly invest on new ideas, new startups and tries to innovate existing process and system. INNOVATION AND INVENTION • JACK MA strongly believes in giving back to the society. • He runs various non profit organisations and does a lot of charity work. • In 2010, Ma was selected by Forbes Asia as one of Asia’s Heroes of Philanthropy for his contribution to disaster relief and poverty Philanthropist
  9. 9. AWARDS AND ACHIVEMENTS OF JACK MA. • 2004 - China Central Television had mentioned Jack in its Top 10 Business Leaders of the Year list. • 2005 - He was named the Businessperson of the Year by the Business Week magazine and also featured in the list of 25 Most Powerful Businesspeople in Asia. • 2009 - He secured a spot in Time magazine’s list of World’s 100 Most Influential People. The internet giant also received the 2009 CCTV Economic Person of the Year: Business Leader of the Decade Award. • 2010 - Ma was selected by Forbes Asia as one of Asia’s Heroes of Philanthropy for his contribution to disaster relief and poverty. • 2014 - He was ranked as the 30th most powerful person in the world in an annual ranking published by Forbes. • 2015 - He was honoured with the Entrepreneur of the Year award at The Asian Awards.
  10. 10. A LEADER WHO IS INSPIRING MILLIONS !!
  11. 11. THANK YOU

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