Personal Responsibility For Ma s Success Essay - 1474 Words

A number of factors contributed to Ma’s success. It may be useful to start with some of the key business principles he has vocalized and to refer to his background from there. His first principle relates to his own personal responsibility for the consequences associated with his business decisions. He has noted somewhat dramatically that if anyone has to go to jail as a result of following his direction, he should be the first to go. He also stated during his IPO in New York that if shareholders were unhappy, he would be willing to buy the company back from them. It is not clear whether this is a realistic suggestion, but the sentiment is certainly rare. This sense of personal responsibility often derives from starting in a position where one intimately knows all of his colleagues. This was the case when Alibaba began. Another of Ma’s core principles has been to maintain a sense of direction. As the CEO is responsible for setting the mission and the aim of a company, this job also entails expressing this to leading management the company as a whole as well as setting in place the process to execute it. Looking back, Ma has been instrumental in the company’s continual innovation, acquisition and expansion. This progress is reminiscent of clear task-oriented goals. Ma is careful to remind business leaders that a sense of modesty is helpful to the learning process. He claimed he is always happy when he has a student who knows something he does not. This willingness to learnShow MoreRelatedLeadership And Hofstede s Five Dimensions1264 Words   |  6 Pagesdegree to which a society accepts the fact that there is unequal power distribution in institutions and organizations. The concept of power distance based upon the measure of the social power and influence between a subordinate and superior. 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