It is clear that Ma regularly uses a mix of Goleman's four important leadership style to create a positive climate within the Alibaba group. He is the founder, chairman and chief executive officer of Tencent, Asia's most valuable company, one of the largest Internet and technology companies, and one of the biggest investment, gaming and entertainment conglomerates in the world. Ma has an ABC AI, big data and cloud expansion strategy. Zara soon became not only an internationally famous chain but also the flagship of the holding company Inditex, which he founded 10years later [76]. On being a pioneer: In a world thats changing really quickly, the only strategy that is guaranteed to fail is not taking risks [75]. The four models that were considered potentially suitable for a context of disruptive successtransformational, charismatic, entrepreneurial, and visionaryunderwent a further scrutiny in order to determine which one would better suit the context of disruptive success, as it is briefly described in the next paragraph. Dear colleague, dear friend: these are the words that, both, Ortega and Steve Jobs, used in letters addressed to employees [81]. Pony Ma took his gaokao (national university entrance exams) from July 7-9, 1989 and his score was 739 (out of a possible 900). Ma and his colleagues were inspired by the concept and developed a comparable program with a Chinese interface and a slightly different name OICQ (or, Open ICQ). Several quotes from Larry Page that highlight his visionary skills are as follows: On being an inspirator: What is the one-sentence summary of how you change the world? Chinas central bank, however, clamped down on the pilot in February 2018. On being an innovator: People think innovation is just having a good idea but a lot of it is just moving quickly and trying a lot of things [75]. Facebook was banned in China in July 2009, the same year WhatsApp launched. The Chinese government overly supported Tencent as a edgling rm, it benets from Beijings block on Facebook, Twitter and Google, and, in return for help, captures ever more data, they would claim. Bill Gates clearly fits in the description of an innovator, a pioneer, and a supporter of organized learning and growth [45, 67, 71, 72, 73]. Jack Ma is more aggressive on new initiatives and strategies whereas Pony Ma adapts a more stable strategy. This chapter is distributed under the terms of the Creative Commons Attribution 3.0 License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. Each month product managers run 10 end-user surveys, read 100 users blogs and collect user-experience feedback from 1,000 people. The definition of entrepreneurial leadership can be traced back to different theories about entrepreneurship [14], entrepreneurial orientation [15, 16], and entrepreneurial management [16]. Jobs and Wozniak later designed a far better product, the Apple II [39]. He can regularly be found sharing table on the factory floor with some of the designers, fabric experts and buyers [80]. The other American companies ranked in-between in the original list were not disruptively successful ones e.g. This is the first search effort that proves the link between the visionary leadership framework and firms that experienced disruptive successunicorns. Let China's internet giants tell you", "Ma vs. Ma: The most expensive house in Hong Kong belongs to one of China's internet kings - but is it Jack or Pony? Home prices slumped for a third-straight month in September; Twitter quietly stopped enforcing its Covid-19 misinformation policy; meet the youngest honorees on Forbes 30 Under 30 2023 list; and more. The option of the multi-case approach for the testing is the most fitting in the explained context, given the limited number of possible samples and the unquantifiable nature of the analysis. In this Special Edition of the AIB Review, leading industry professionals and members of AIB's Marketing and Entrepreneurship faculty deep dive into the need-to-know industry trends and issues that lie ahead. Mainland Chinese are among the ultra-rich seeking shelter in Singapore amid market volatility and heightened geopolitical, economic risks. The software soon gained traction, with more than a million registered users by the end of 1999, making it one of Chinas most popular online services. Here are further demographic highlights of the leadership team: The Tencent executive team is 50% female and 50% male. In the future, it would be interesting to conduct more targeted research that could, both, give more details on the profile and the role of these leaders in the stated context and further describe the associated leadership attributes. Tencent embraced mobile and moved with the times. It is the same that causes people to wantna be poets instead of bankers, and I think this is a wonderful thing. Ma Huateng is the Chinese Billionaire Co-Founder, CEO, and Chairman of Tencent, one of Asia's largest technology companies. He is said to own property in Hong Kong as well as art worth $150 million. Tencent made over $56 billion in revenue in 2019, alone. Chaoyang, Shantou, Guangdong. Published Wed, Oct 23 2019 12:35 PM EDT Updated Tue, Feb 25 2020 5:06 PM EST. For instance, the rst major chat app in China wasnt WeChat; it was Miliao, which was produced by Xiaomi. If Tencents success in the early 2000s lets call it Tencent 1.0 was due to replication, that of Tencent 2.0 was down to incremental innovation. Email: Tencent lost the case and had to relinquish the domain names. 4 On China's 100 Richest 2021, Tencent CEO Ma Huateng Is Back On Top As Chinas Richest Person, Tencents Ma Huateng Overtakes Jack Ma As Chinas Richest Again Amid Coronavirus Lockdowns, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. By 1889, he had full ownership or participation in many electricity-related companies that got then merged. The power of cross-cultural collaboration, Leading digital transformation: what you must know, Discover fresh perspectives and research insights from LBS. For instance, he described Toyota in the following way: The Toyota style is not to create results by working hard. In a way, it almost doesnt matter what youre passionate about [75]. Not in China. Under Ma s leadership, Tencent has moved into web portals, social networks, multi-player online games and e-commerce, making the company today an Internet powerhouse and China s number one brand. Instagram: biographyscoop. [31] In order to solve the problem, Ma asked for bank loans and even talked about selling the company. Evolution at Tencent means the capability to improve, self-correct and stay focused. Effectiveness of leadership style. Leadership style refers to the way the leaders represent their ways of running an organization. He immediately realized that the design of portals could be a great business opportunity in the yet-unformed Chinese market, especially in the business segment. However, 2years later, he closed his first company because of strong competitors such as Chinesepage [91]. He reportedly earned $176 per month. The founders like to be simple and dont like to be politicized. [30] He also worked for Shenzhen Runxun Communications Co. Ltd. () in the research and development department for Internet calling services. Inditexs supply chain operations focus on three aspects: maximizing resources used, minimizing inventory, and minimizing lead times [78]. He required complete openness and insisted that all Amazon teams plan and design service interfaces so they can be exposed to developers in the outside world. Within 2weeks, half of the students had signed up [74]. They grouped the remaining attributes into two enactments and five roles that would help the analysis in case that this one is the chosen leadership framework [17]. As of January 2021, Ma is worth $46.8 billion which places him . A strategy of continuous renewal Logical incrementalism All five leaders had a clear sense of where they wanted to lead their companies but theirs was not a grand vision, rather a sequence of goals Amazons Je Bezos created a similar mandate in 2002. But Mas early focus was on what he knew. A service starts with the satisfaction and needs of its users in mind and is de ned by those two things, he wrote on WeChats internal platform in April 2017. Ma himself was hailed by Time magazine in 2014 as one of the world's most influential people. Huateng is the chairman, founder, and CEO of Asia's most valuable company and also one of the largest internets and technology companies across the globe Tencent. Toward the end of the second world war, Taiichi Ohno worked as a production engineer for Toyota, a Japanese car manufacture founded in Japan by Kiichiro Toyoda in 1937 [83]. By giving the project the green light, Ma, in eect, gave Zhang full licence to cannibalise the existing QQ product. [40], According to the official Tencent website, Ma is a deputy to the 5th Shenzhen Municipal People's Congress and served in the 12th National People's Congress. 19. One is Alibaba founder Jack Ma, who is fairly well known in the States, and the other is Ma Huateng, . This is related to our culture. Tencent had grown to become Chinas top instant messaging service by 2004, prompting Ma to list the firm on the Hong Kong Stock Exchange. Tencent subsequently gained the backing of two overseas venture-capital firms, and in June 2004 the firm raised nearly $200 million when it went public on the Hong Kong stock exchange. Huateng is clearly a pioneer and innovator. During the last two decades, there is an increasing number of leadership theories and frameworks. Jobs was raised by adoptive parents in Cupertino, Californiain Silicon Valley. The launch of WeChat is a case in point. He is the founder, chairman and chief executive officer of Tencent, one of the most valuable companies in Asia, one of the largest internet and technology companies, and one of the biggest investment, gaming and entertainment conglomerates in the world. This chapter reviews relevant literature in order to identify the leadership framework and profile that may better characterize entrepreneurs and business leaders that eventually founded or developed disruptively successful firmspopularly known as unicorns. Next, the chapter describes a conducted multi-case study that demonstrates a strong correlation between the positive checkmarks in the selected leadership frameworkvisionary leadershipand the profile of the leaders of nine different international corporations that became industry leaders in less than 20years (Apple, Google, Microsoft, Facebook, General Electrics, Toyota, Alibaba, Tencent, and Inditex). In 2003, Tencent released its own portal (QQ.com) and made forays into the online games market. Alibabas growth was fast. (Co-founder and Former Executive Chairman of 'Alibaba Group') Jack Ma is a Chinese businessman, investor, and philanthropist. Ma Huateng (also known as Pony Ma) chairs Chinese internet giant Tencent Holdings. Among other achievements, Mark Zuckerberg reached the top five in the list of wealthiest people on earth [33]. Tencent also offers web portals, e-commerce, and multiplayer online gaming, among other things. Unshackled by rules, Tencent employees have freedom to act to invent, to problem solve, to wow. Jack Ma, originally Ma Yun, (born September 10, 1964, Hangzhou, Zhejiang province, China), Chinese entrepreneur who was head of the Alibaba Group, which comprised several of China's most popular Web sites, including the business-to-business marketplace Alibaba.com and the shopping site Taobao.com. Its about the people you have, how youre led, and how much you get it [47]. After giving a quick review of state-of-the-art of the leadership research and theories [1], this chapter shortlists, briefly explains, and finally analyzes the candidate frameworks and chooses the apparently most suitable one. Ma quickly embraced open-source software. TENCNET PONY MA ZIXIN LUO(RITA) 4010255 Outline Outline Pony Ma's background TENCENT PONY MA'S MANAGEMENT STYLE CONCLUSION References list Pony Ma's Achievement LEADERSHIP STYLE Pony Ma' background Pony Ma's background He was born on October 29, 1971. Jack Ma, the cofounder of Chinese e-commerce giant Alibaba, is said be in Hong Kong to meet friends and finance executives, the Hong Kong Economic Times (HKET) reported on Friday, citing anonymous sources. Multiple theorical and practical studies indicate that the longitudinal multi-case approach is the best one in terms of properly investigating the results of qualitative inputs [23, 24, 25, 26, 27, 28]. On being an innovator: Invention is not enough. iPhones would belong to the category of revolutionary innovations [40, 41, 42, 43]. Jack Mas decline in net worth to $20.6 billion follows his retreat from the internet business empire he cofounded. 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