JACK MA There are numerous times where we encounter amazing individuals who have had an impact on people's lives; one such individual is Jack Ma, one of the wealthiest and most successful Chinese multimillionaires. Ma Yun, now known as Jack Ma, is the co-founder and executive chairman of Alibaba Group who was also listed on Forbes “Most Powerful Person “list on 2015.Besides this he was also listed 2ndin World’s 5o Greatest Leaders on Fortune Magazine in 2017.(Putri, 2022). One of the richest people in China Jack Ma is the founder and Chairman of Revolutionary E-commerce Business Alibaba, which has undoubtedly set an example worldwide. Founded in 1999, the company not only grew rapidly but is able to set an exemplary remark among the world where it connects the buyers and sellers across the world.(Putri, 2022). Jack Ma born in September 10 ,1974 in Chinacame from a household that was lower middle class. Jack Ma had aspirations to lead the student organization throughout his time in school and to work as an English tour guide in his free time. Jack Ma served as an English instructor at Hangzhou Dianzi University following his graduation from Hangzhou Normal University in 1988. During this time, Jack Ma had the chance to go for business to the USA, where he first became aware of the existence of the internet. He was aware that this technology will fundamentally alter the course of human history and started thinking globally there onwards.(Putri, 2022).
My admiration for jack ma There are many leaders across the world who have influenced me in some manner, but Jack Ma stands out for me. In most cases, the public only sees the successful aspects of an individual, but in the case of Jack Ma, he told the world about his failure. Similarly, there are various instance where Jack Ma has proved himself as an exemplary leader, one being, a revolutionary chain Ali Baba and its world recognition. For me personally, those who have experienced hardship and afterwards demonstrated to the world that they are valuable and can actually follow through on their promises are true leaders, and their credibility is far higher than that of people who have been fortunate in life, which is the reason why I admire Jack Ma. Aside from his financial success, Jack Ma is an excellent personality who personifies the persona of a responsive and responsible leader. I will further examine the reasons why I admire him as a Leader as per the five practices of successful Leaders in the paragraph below. Jack ma leadership style with respect to five practices The five practices of leadership are model the way, inspire the shared vision, enable others to act, challenge the process and encourage the heart which is further explained with respect to Jack Ma’s leadership journey.(Nanjundeswaraswamy, 2014). Model the way Jack Ma used the practice like Model the Way, despite many obstacles in his domain, he consistently followed his passion and made a way for others to follow. As he was in CEO position, he held a lot of responsibility and had to encounter a lot of misfortune when running
and developing the company but still he was persistent enough and followed his dream. Since he had a global vision, attaining it was not an easy task. Due to different kind of Language barrier and aim of uniting the world together despite of many rules and standards that they have to meet, he did not give up easily. Jack Ma had to struggle a lot to set up the E-commerce channel in China, he convinced his 17 partners and opened Alibaba, which itself shows that he modeled the way for his followers and clarified his values and made people believe in him which is a great achievement as a Leader and was able to set an example.(Putri, 2022) Inspire a shared vision Jack Ma convinced everyone and inspired a shared vision to adapt to achieve the change he envisioned. He first started with the website convinced his 17 partners to invest in the business made them believe that they will become the future of China’s E-commerce system and inspired a shared vision amongst them which can be taken as a foresightedness of a Leader. Even though people did not believe the words coming from a former English teacher, he made people believe in him and actually proved that they are the Revolutionary Future of the E-commerce Platform in China and made Alibaba one of the Largest Company in China. Enable others to Act Since leadership consists of group of people and leader leading the way, the goal achievement is impossible with a single effort. Starting out Jack Ma involved multiple people in his company as a shareholder as his goal was something big and extraordinary. What Jack Ma had envisioned was not possible from a single effort, it required multiple people’s involvement and needed a lot of helping hands. Ma encouraged handstands in the workplace, and valued the open feedback of his workforce. He had a good sense of character and trusted his group
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
members. This is one of the most essential qualities for leaders because it encouraged loyalty and created a solid foundation for his businesses to thrive on.(Kapur, 2020). Challenge the process Starting out as an English Teacher, people really didn’t believe what Jack Ma had said and that to a Global Approach for E-commerce was too much to digest for the people. People did nothave an idea regarding what E-commerce is potential of, but Jack Ma’s consistent effort was able to Challenge the Process and turn Alibaba as a platform to buy and sell goods in and from Marketplace in no time. Even though there were multiple Language, Political and other barriers that could have stopped Jack Ma, he trusted the process and soon Alibaba not only improved the E-commerce of China but also provided a global platform to trade.(Putri, 2022). Encourage the Heart One of the most admirable traits of Jack Ma’s Leadership style is he encouraged the hearts of people.(Kapur, 2020). Coming from a lower Middle Class and not having extra ordinary mathematics skill but still being able to achieve his Global Visionary Goal is exemplary in itself.He made people believe that nothing is impossible if we give our consistent effort. He took time to let people know about his failure stories and motivated people to not to give up on their dreams, which is one of the greatest assets as a Leader. Jack Ma and his credibility As credibility and leadership are interrelated, coming from a lower middle class and not having extra ordinary skills and his sequel of failures and yet being able to become China’s Most Influential Personality across the World and success of Alibaba in itself speaks for his Credibility.(Kouzes J. M., 2017).
In other words, the fact that Jack Ma came from a typical family and worked as an English teacher prior to becoming successful helped to establish his credibility because people knew about his hardships and his outcome made people realize that everything is possible if we work hard for it. Some even informed him that despite having 100 dreams, he couldn't fulfill his dreams of uniting countries for a common cause. However, after returning from the US, he had his ideas set in motion and searched for methods to make them come true. He wanted to make Alibaba so prosperous that he would even buy Google and Yahoo and bring back China's Heart, commerce. Alibaba became the most prosperous Chinese company in 2014, which increased his credibility and led to people beginning to believe in him.(Kouzes J. M., 2017). Since Jack Ma has made it to the Business Charts and revolutionized China’s E- commerce, there are no any area of improvement remaining for Jack Ma as a Leader because he proved what he had made other people believe in. But taking pre-caution can always help a leader to achieve more than what is expected out of them. Jack Ma in any other field Jack Ma, was a former English Teacher. In case he was not in Business field than he would be in Teaching profession. LI personally think Jack Ma would be an average teacher because as he had already tried the profession he would not be as happy and passionate than he is as a Businessman because he felt that the Teaching Job was not fulfilling his practical needs. (Shu Yueyu, 2022). Hisglobal visionary would be not utilized as much as he did it as a Businessman. However, his Leadership style would work as a teacher because he would use Transformational Leadership style for less performing students and motivate them timely
because he personally believes that giving up is failure but, in some cases, he would be needing Transactional Leadership style because as a teacher sometimes the firmness is required.(Kabeyi, 2018). Conclusion From this assignment, what I learned is that Leaders are not always the exemplary people that we think of. Our idea about leaders and the actual leaders can mismatch. Leaders can be anyone even if it’s someone with less privilege and average mathematical capabilities. What matters the most is that, whether the person is able to model the way, influence the people, inspire them, challenge the process and whether they can bring the best out of everyone or not. Hence, Jack Ma’s Leadership taught me that failure is the beginning of success. People will always question the ideas and not always believe what you have to say but proving it and making things happen depends upon a Leader. Leadership is not an individual trait but is act of influencing bunch of people to achieve a common goal and trusting the team and moving forward can help achieve greater results and what matters the most is not giving up.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
References Kabeyi, M. (2018). Transformational vs transactional leadership with examples.6, 191- 196. http://internationaljournalcorner.com/index.php/theijbm/article/view/129786 Kapur, R. (2020). Leadership skills: fundamental in leading to effective functioning of the organizations. https://www.researchgate.net/publication/344361074_leadership_skills_fundamental_in_l eading_to_effective_functioning_of_the_organizations Kouzes, J. M. (2017). The leadership challenge: how to make extraordinary things happen in organizations. John Wiley Sons.https://books.google.com.np/books?id=u- 5xDgAAQBAJ&printsec=frontcover&dq=the+leadership+challenge&hl=en&sa=X&ved =2ahUKEwic6KKkvNj4AhXGe94KHUqFAD4Q6AF6BAgKEAI#v=onepage&q=the %20leadership%20challenge&f=false Nanjundeswaraswamy, T. S. (2014). Leadership styles.Advances in management. https://d1wqtxts1xzle7.cloudfront.net/51993044/leadership_styles-with-cover-page- v2.pdf?Expires=1657108505&Signature=IIDjGWLo~HLmfOxLLy3fk4o-UFO-l- l6PiEAWCk7bn-zOpRNc4Q3B- 0orpcSHZpzupTpuI71v0Lq1E4LsGqC4~Yf6L2H2SbBPq7vi8P2cvJ9GBo92yPoowppZ H0wLNLvbZdWzI741F Posner BZ, K. J. (1988). Relating leadership and credibility .Psychological Reports, 527-530. doi:https://doi.org/10.2466/pr0.1988.63.2.527
Putri, S. (2022). Jack ma's leadership style. https://www.researchgate.net/publication/361435602_Jack_Ma's_Leadership_Style Yueyu, S., Xie, X., Xinyu, Z., Wucheng, L., Yang, X., Shuyi, L.,& Jiyuan, Z. (2022). The “teacher” and martial arts: a psychobiographical analysis of jack ma as a business change agent.Journal of Personality.https://doi.org/10.1111/jopy.12749