Alibaba's World
How a Remarkable Chinese Company is Changing the Face of Global Business
Number of pages: 256
Publisher: St. Martin's Press
BBB Library: Corporate Success
ISBN: 9781250069870
Editorial Review
It wasn’t only being the right person at the right time and place that took Alibaba to a global success. Having millions of other people getting the same opportunity, Jack Ma, the founder of Alibaba seemed on the wrong side of history. Alternately described as elfish and impish by the media, Jack’s diminutive figure brought him unwanted attention and ridicule. Even within his own family, he was sometimes teased as being the runt. Jack got bullied by classmates due to his abilities on arts, music, and storytelling. He failed twice in his academic exams, but he was self-learned, and was fond of the English language, particularly meeting foreigners to practice his English.
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Wisdom to Share
It wasn’t only being the right person at the right time and place that took Alibaba to a global success.
As China’s own Internet boom began to take off in 1999, Jack gathered his friends and told them he has a new idea for a venture–Alibaba.
In the early days of Alibaba’s foundation, there was a conflict between Alibaba’s founding team in Hangzhou including the CEO and the executives he hired from Hong Kong.
Alibaba wasn’t generating any revenues, but the website traffic and reputation continued to grow, as small businesses decided to try e-commerce one after the other.
By 2003, the situation was completely different, and the mood, morale, and spirit were 180-degrees different from what they were a year earlier.
When you ask your managers to set goals for the company, provide the most optimistic projections, then come back and triple or quadruple your goals.
For people to remain oriented on the long term, they must recognize that just as joy is part of a startup, so is pain.
Companies lose their way when they lose track of their central mission. Change business models, expand to new areas, but never lose sight of your mission.
When it comes to building a team, it’s important to weed out habitual complainers, as they fail to realize that they have the power to solve the problem they’re complaining about.
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