- Jack Ma Leadership Style: Chinese Alibaba Billionaire
- Jack ma characteristics
- Jack ma leadership style traits and skills
- Jack ma’s leadership qualities
- Jack Ma Leadership Skills
Jack Ma Leadership Style: Chinese Alibaba Billionaire
Jack Ma Yun was born on 10 September 1964. He is a Chinese business magnate, philanthropist, and investor.
Jack Ma is a fascinating example when it’s about the most successful leader in the world.
Founder as well as Executive Chairman of Internet-based business Alibaba, Ma doesn’t only influence the internet, but he changed global trade across borders that go beyond China.
Also, to help Small and Medium Enterprises SMEs around the world.
Well, Jack Ma has an interesting personality and leadership style that helped him in becoming a successful leader as well as an aspiring personality. To learn more about him, here is what you might need.
Jack ma characteristics
Jack Ma Yun is co-founder and former executive chairman of Alibaba Group.
Even though it’s difficult to have a business that is worth more than $20 billion through having a devoted work ethic and sense of perspective, Jack Ma is an example of having it.
Well, to understand more about him, here are some of his personal qualifications.
- Jack Ma is a co-founder of Yunfeng Capital which is a private equity firm.
- He is a strong proponent of an open as well as market-driven economy.
- Jack Ma was ranked second in World’s 50 Greatest Leaders by Fortune in 2017.
- He is also considered as an informal Global ambassador of Chinese Business and an influential figure for the startup business community.
- In September 2018 he retired from Alibaba and started to pursue education work, environmental causes, and philanthropy.
- He became the third wealthiest man in China in April 2021 when he had a net worth of $51.5 Billion and was the 26th person in the worldwide rank listed by Bloomberg Billionaires Index.
- Jack Ma was born in China, in Hangzhou.
- To learn English, he started to have conversations with English speakers that used to come to hotels.
- The foreigners named him Jack as for them, it was difficult to pronounce his Chinese name.
- He graduated in 1988 with taking a Bachelor Of Arts in English from Hangzhou Normal University. However, he failed three years, and it was hard for him to get an entrance exam as his maths was weak.
- He applied to Harvard Business School ten times, but he failed and got rejected.
Even having a hard life, Jack Ma never let it affect him and made sure to move forward. Here are some of the personality traits that made him different from the rest of the people.
He Values The Attitude
Jack Ma gives utmost importance to Attitude instead of theoretical skills.
Talking about one of his biggest mistakes, Jack Ma shared that during the initial days, he told the team the highest level of achievement they could get is hiring executives from outside.
However, he soon realizes that it was a mistake, and since then he values the passion and attitude of the person.
He United Everyone Under One Goal
Ma has the understanding that it’s hard to convince everyone to trust him or believe what he is saying.
Following his vision is still far from it, that’s why he adapted and changed his approach, and with this, he united everyone under his own goal, which was the company’s goal.
He Has Foresight
Jack Ma believes that good leaders are those who have foresight. Without this, no one can stay one step ahead of the competitors.
And one of the reasons why he is more successful than others.
He Enjoys The Life
Jack Ma believes that no one is born just for doing the work; the purpose should be to enjoy whatever life gives you.
Also, he believes that people are here to make things better for others. And spending life doing just work is a waste, and something people will regret. People will regret it.
Also, he says money should not be the goal; if it is, then the person requires to change their mindset.
He Avoids Making Enemies
The idea of Jack Ma is to make the competition friendly instead of brutal. This is one of his unique ideas and personality traits that shows Jack believes in what he does; however, he is not interested in making enemies.
Also, he wants to make the world better where people can thrive.
Jack ma leadership style traits and skills
The success of Jack Ma almost sounds like a fairytale, someone who never let the situation ruin his strength, and he was determined to grow no matter what he faced.
Not only did he find one of the most successful companies, Alibaba but also, with his personality, he changed his leadership style.
He is not the typical CEO; his leadership is a pra of the new generation where he put more about the personality.
Well, Jack used to follow the autocratic leadership style, but he found that the style will limit the employees and their ideas.
After that, he allowed the team to take part in the decision-making. The idea was to have the best results as more people would agree on what is actually good. Due to this, he is following the democratic leadership style.
Apart from this, Jack has charismatic leadership and visionary leadership as well.
Well. Jack Ma has the leadership traits that helped him to become successful, it includes :
Never Give Up On Yourself
According to Jack Ma, when you give up, it will be the biggest failure of your life.
He is someone who values those who try their best and never lose hope.
It’s important to give the best and do whatever you can in order to achieve what you aim for.
Jack Ma believes that a person can learn a lot from the mistakes he did, obstacles he faced, and hardship.
It might be depressing or difficult, but that’s how Jack Ma became a successful businessman and started Alibaba.
One of the stories behind never losing hope is when Jack took gaokao; it’s an examination where Chinese students take when they are either in their third or final year of high school.
Jack Ma received 1/20 in math subject, and the score crushed him. However, he took the exam one more time, and he got 19/120.
After studying and understanding more, he received 89/120, which helped him gain admittance to Hangzhou Teacher College.
Hire Those Who Are Enthusiastic For Work
Jack prefers to hire those who are enthusiastic about work instead of seasoned businessmen.
Not only are they more dedicated and innovative instead of being good on paper, but these people are those that his company needs.
They are natural leaders, easy to adapt, and can dedicate themselves to the common goal.
Jack emphasizes that it’s important to hire suitable people even if they are not the best ones.
They should have superior skills than you; if they don’t have them, then you are hiring the wrong people.
Jack Ma helped the people from the younger generation, as he strongly opposed those who had shallow minds.
He united his employees, investors, business partners, and people around him in seeing what potential Alibaba has. Also, he put everyone together to achieve a common goal.
Money Is Not The Only Important Thing
Jack Ma disagreed when he was titled a rich person; he wanted to have the resource which could nurture the younger generation instead of having wealth.
The business he does is much more than shareholder value and generating profit.
He focuses on making progress when they are not making any. When he was in the early days, people used to thank him for creating the Alibaba -like platform.
Jack Ma never thought of getting so much money out of business. He just wanted to be the businessman whom everyone respected.
During his interview, he told CNBC that he is looking for ways so he can give back to society.
Never Be Short-Sighted
The leaders should be foresight, and it’s important to be a step ahead as compared to the competition and anticipate the decisions.
Jack Ma says when people complain, the leader is required to look for opportunities. Here it’s important to build solutions and find ways to give answers to the questions.
It’s important to have a long-term vision and be passionate about what you do.
Jack Ma had a mission that was too grand; he wanted to revive the sense of purpose and culture of China. He believes that China lost both things when the country was under the rule of Mao Zedong.
He had the vision to survive for 120 years for his company; he set the values and visions beforehand.
HardShip Is What Makes Success
Jack Ma says he can relate to the main character of Forrest Gump and his approach toward life. Ma watched the movie every time he had the chance.
Neither did he ever let himself feel down or lose hope, even when he was earning $15 a month when he was a teacher.
According to him, anyone can achieve anything if they stick to hard work and principles.
Jack Ma neither had the education from Ivy League nor Howard, no connections and mathematical proficiency, which did have some setbacks.
However, he embraced whatever happened and acknowledged it without feeling shame over it.
Clear Mind Is Utmost Important
The leader requires a clear mind as Jack Ma did when he started Alibaba.
When ideas are too muddled up, it can make your sight blur. In starting, he was focused on keeping Alibaba for B2B, but later, he changed this to B2C and C2C.
He knew when he should make the changes and for what.
Sometimes It’s More Fun On Bun
Jack Ma worked hard from the day he started to build the culture at Alibaba.
Even if it sounds old-fashioned, it turns out to be the most important factor of the company.
Jack may create an environment where the culture is more about participation, fun, and inclusion.
Also, he created an atmosphere where employees treat Jack as an inspirational guru, father figure, and bandleader.
Which helped Jack Ma to get employees who were loyal and hardworking.
Jack Ma says in order to be authentic, leaders should not sacrifice their sense of humor.
He is a humble leader who is committed to creating a positive impact on society.
Jack ma’s leadership qualities
Jack is indeed one of the most successful businessmen. But there are some of leadership qualities that make him different from the rest of the people.
Jack Ma follows a leadership style that helps him to run the business in a better and more successful way.
Here are some of his best leadership qualities that you can consider :
Be Authentic Leader
Jack Ma has a strong sense of character which makes it easier for him to get a loyal and strong foundation. It helps Alibaba to grow.
Jack Ma believes that leaders don’t have to make themselves too strict or too serious just because they are in charge.
See Through Customer’s Point Of View
Jack Ma owns a business that is online-based, and he still becomes successful even if he is not from the tech industry or has knowledge about it.
To run his business, he considers seeing things from the customer’s point of view, which helps provide the services they want.
Develop The Mission
Jack Ma has the mission of regenerating the sense of purpose and improving the culture that China lost during the rule of Mao Zedong.
With such a grand mission, Jack Ma does his planning and makes strategic moves.
Apart from this, he has given the equity shares to his employees, so they can also have the benefits of Alibaba getting more success.
Unites People With a Single Goal
Instead of approaching people to make his goal come true. Jack Ma united them under a common goal; instead of following the leader’s goal, the employees worked together to achieve the company’s goal.
Jack Ma says that it’s important for leaders to be tenacious along with a clear vision.
With this, he knows what he wants to achieve and how to chase it. Apart from this, it helps in motivating others and brings the results that they are hoping for.
Giving Up Is Ultimate Failure
One of the famous qualities and skills that Jack Ma has is not giving up regardless of what happens.
According to him, there is nothing more failure than giving up. It’s best to try whatever probe and achieve what the person wants to.
Jack Ma Leadership Skills
Jack Ma has different skills that helped in growing and making him successful as he is today. Also, these leadership skills helped Jack Ma to move forward even though all odds were against him.
From starting Alibaba to becoming the third richest man in China, Jack Ma had a long journey that was filled with struggles. However, Jack Ma adapted and improved which is also used for his leadership.
Well, it includes:
Expand The Boundaries
Jack Ma is an example of how far the boundaries can be expanded. He took the business out of China and went beyond the boundaries.
Making sure that boundaries never stop his growth. Jack Ma believes in changing and adapting as the situation demands. He makes sure to adapt according to that so the business can go smoothly.
The Transformational Skills
Jack Ma has the skills that help him in understanding management in a way that can make him successful.
When he was creating the business, he initiated the changes that he thought will be important in the process.
According to Jack Ma, change is what makes the plan best and it should embrace everything.
A platform like Alibaba was the step that led Jack Ma to become a successful businessman.
When he was implementing the changes, he understood that he had to understand the needs of customers and take help from technology that could grow his company.
Positive Mind And Actions
Jack Ma has the skills that make him positive even when the situation is against him.
When he was not getting any success, Jack Ma put his best to make sure there was nothing left from his side.
He faced rejection; Jack Ma got rejected from KFC when he applied for a job. He applied for Harvard but got rejected there as well. But he applied for it 10 times.
He never let himself feel hopeless. Instead of getting upset, he took these rejections as positive signs, and he did double hard work.
Even when Alibaba started, Jack Ma faced difficulties running the business. But having a positive mind, he was successful in not letting the problems ruin his will.
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Carol T. Mahaffey is a certified American Author And a creator of Theleaderboy. Carol is a Self-Taught Marketer with 10+ Years of Experience. She brings her decade of experience to her current role, where she is dedicated to writing books, blogs, and articles, inspiring the world on how to become a better Leader.