Tencent embraced mobile and moved with the times. Agility As the most popular industries in Shenzhen . [Google Scholar] Vera, D.; Crossan, M. Strategic leadership and organizational learning. Reshma Saujani, as shown above, is a champion for girls and women. Formative years and academics The birthplace of Ma is Chaoyang, Shantou, Guangdong province. Xiaomis founder and CEO Lei Jun admitted that WeChat eclipsed his product because Tencent could release one or two versions every week. In 2003, Jack Ma created a new company, the consumer-to-consumer online marketplace Taobao (meaning Chinese in searching for treasure). 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 started based on a revolutionary innovation, Internet-based QQ service. With this high score, he would have been able to attend Tsinghua University in Beijing, or Fudan University in Shanghai. Ma himself was hailed by Time magazine in 2014 as one of the world's most influential people. Employees share insights, software and entire bodies of code from other parts of the business. Ma completed his remaining schooling from there and found a keen interest in computer technologies. Spain. Entrepreneurial Leadership is that leadership that creates visionary scenarios that are used to assemble and mobilize a supporting cast of participants who become committed by the vision to the discovery and exploitation of strategic value creation [17]. [37], In December 2015, Ma announced that Tencent would build an "internet hospital" set up in Wuzhen that will provide long-distance diagnoses and medicine delivery. [39] However Forbes has not decreased his net worth as the shares are still listed under his name. The concept of transformational leadership was introduced by James MacGregor Burns in his book Leadership [4] and then further developed in Transforming Leadership: A New Pursuit of Happiness [5]. The battleground is vibrant. He reportedly owns property in Hong Kong and art pieces worth US$150 million. We hope you enjoy our thought leadership. Plenty of seemingly bulletproof businesses Dell, HP, Kodak, Blockbuster have lost their edge by failing to adapt. 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. Ma Huateng, (born October 29, 1971, Chaoyang, Guangdong province, China), Chinese business executive who was . Leadership Styles during Disruption: A Multi-Case Study Written By Alberto Abadia Submitted: July 8th, 2022 Reviewed: September 13th, 2022 Published: October 28th, 2022 DOI: 10.5772/intechopen.108029 IntechOpen Leadership - Advancing Great Leadership Practices and Good Leaders Edited by Joseph Crawford From the Edited Volume [26] When his father, Ma Chenshu (), got a job as a port manager in Shenzhen, the young Ma accompanied him. Inditexs business model, which is based on flexibility and speed, requires a vertically integrated value chain that differs greatly from that of other competitors, like Benetton and Mango. On the other hand, the Eastern Asian disruptively successful companies that ranked high enough in the global top 100 were Toyota Motors, Alibaba and Tencent15, 22, and 32 [29]. The only large-enough Western European disruptively successful company that also met the criteria was the Spanish firm Inditexnumber 67 as per market capitalization [29]. In. Email: Jack Ma. Tencent also offers web portals, e-commerce, and multiplayer online gaming, among other things. For a while, Ma went back to his former job as a public servant, but then, in 1999, Ma persuaded his team at the ministry to go to Hangzhou and found the Alibaba Group [91]. Visionary leadership style. That gave Toyota an edge in terms of productivity and quality [86, 87]. Microsofts initial success was based on one disruptive innovationpersonal computers and related software [66]. The founders like to be simple and dont like to be politicized. Besides other studies, interviews, and papers that prove this point [55, 71, 72, 75], Zuckerberg produced a number of quotes that support this statement. IntechOpen Limited Chinese billionaire Jack Mas Ant Group won regulatory approval to boost the registered capital of its consumer finance unit by 10.5 billion yuan, a move suggesting progress in the fintech giants efforts to restructure its operations to satisfy authorities demands. It was even risky, he thought, to rely too much on the founding team. The article Leadership theory and research in the new millennium: Current theoretical trends and changing perspectives [1] provides a review of the state-of-the-art research in terms of leadership research of the last two decades, including most of the theories and frameworks, except that of visionary leadership, which has anyway been included in the analysis [2]. Tencent lost the dispute, and the domain names had to be relinquished. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. He then worked as a researcher for China Motion Telecom Development Ltd. before founding Tencent in 1998. So Ma created Seven principles agility, openness, user rst, speed, resilience, evolution and innovation to guide product creation. Speaking at the Tsinghua Management Global Forum in 2016, Ma pointed to Tencents early days as a classroom for culture. Omissions? Ma studied computer science at Shenzhen University, where he earned (1993) a Bachelor of Science degree. QQ and Facebook reigned supreme in the PC era and were modied to suit mobile. Please note that by subscribing now you may from time to time receive other emails from LBS about events or other activities that we think might interest you. Through its participative leadership, Tencent is able to enhance employee motivation, and increase organizational commitment and ownership amongst employees as well as other stakeholders. The article Characteristics of Visionary Leadership highlights the relevance of certain management traits in the context of greenfield projects and then associates the following attributes to those of a visionary leader [18]: (1) creators of a positive and inspirational vision, (2) supporters of organized learning and growth inside the organization, (3) innovators, and (4) pioneers. 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. [31] In December 2000, Ma changed the name of the software to QQ (with "Q" and "QQ" used to stand for the word "cute").[35]. However, 2years later, he closed his first company because of strong competitors such as Chinesepage [91]. He is said to own property in Hong Kong as well as art worth $150 million. As organisations grow larger they often become insular and bureaucratic. Tencents earlier e orts include investing in the US-based Snapchat. Ma Huateng Leadership Style Ma's management style shifted from transactional to transformational leadership. Among other achievements, Mark Zuckerberg reached the top five in the list of wealthiest people on earth [33]. He red o an email and the next day a new software release was online. 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. Since then, GE has been in the lists of top ranked companies in the USA [61]. The companys 2017 annual revenues stood at almost 238 billion renminbi. As a youth in A Corua, Galicia, in northwestern Spain, Amacio Ortega gained an entry into the garment business by working as a delivery boy for a mens shirt store and assistant in a tailors shop. Chinas giants are famous for plucking the best from the West and localising products for a home crowd. The list of selected American corporations included the top five that could be considered disruptively successful firms as per the rapid growth: Apple, Google, Microsoft, General Electric, and Facebook [29]. But theyre allergic to rules. Even for software as complicated as QQ, they still maintained the speed of releasing two to three versions every month. 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. League Business Leader. He Defines Failure as Giving Up: This is one of his popular leadership quality and skill that defines him a successful leader. Ma has almost completely disappeared from public view after Chinese regulators shut down his fintech company Ant Groups IPO in late 2020. The rm supports a mind-bending number of apps directed at improving peoples everyday digital lives, including its own version of Uber, Didi Dache. Facebooks initial success was therefore based on one single but relevant disruptive innovation: social media [71, 74]. Under Ma's leadership, Tencent has moved into web portals, social networks, multi-player games and e-commerce, making the company today an Internet powerhouse and China's number one brand. Ma Huateng has built Tencent through transformational leadership behaviours, including his vision of continuous innovation, encouragement of experimentation, and modelling that innovative spirit. To date our community has made over 100 million downloads. Since that time, the principle of lean manufacturing has been adopted by many firms and industries [84, 86, 87]. China, Tencent Holdings Limited; Ma Huateng. Edison took advantage of the opportunity to learn telegraphy and, in 1863, he became an apprentice telegrapher. Alibaba and Tencent have repeatedly clashed over the same turf. Its not about money. The three most common leadership styles include skill based, trait based, and behavior based approaches. Besides, Tencent has earned its premier status and, as long as Ma keeps pushing his principles, perhaps the rest of the world can adopt them as their own. Yet few, in the West at least, have heard of it. And these products can be manufactured and given to people and they can sense that spirit [45]. A charismatic leader is a person, who has the ability to influence people and who, consequently, has some controlling power over them [9]. Its now vogue to call customers users. A Study of the Influence of Ma Huateng's Leadership Style Evolution on the Culture of Tencent: Based on the Contingency Leadership Theory. Leadership style refers to the way the leaders represent their ways of running an organization. Ohno observed then how customers picked up a number of items from shelves and, in turn, the supermarket quickly and precisely replenished them [84]. Googles beginnings were less humble than those of earlier Silicon Valley startups at the time, because the two founders were able to initially raise US$1 million US dollars [49]. Thomas Edison ranks in the top of almost every list of all-time greatest innovators, pioneers, and entrepreneurs. On being a pioneer: Lots of companies dont succeed over time. Not in China. 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]. Only in the case of Larry Page, the achievements and profile of the leader appears to be, arguably, less remarkable than that of his own company. In that trip, he visited one of the supermarkets of the Piggly Wiggly chain [84, 85]. [32], At Ma's behest, Tencent launched in 2005 the C2C platform Paipai.com (), a direct competitor to e-commerce giant Alibaba. And I think that same spirit can be put into products. Explore the Think at London Business School Hub. General Electric (GE), a multinational technology corporation, was founded by Thomas Alva Edison in 1889, in Schenectady, New York, USA. 5. Everything started in 1995, during a trip to the USA, when Jack Ma learned for the first time about website portals and Internet. London Business School takes your privacy seriously. 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. In 1999, Alibaba Group, an online trading company, was established by Jack Ma, a former English teacher, in Hangzhou City, China [90]. Again, Zuckerberg is as charismatic as Jobs or Edison [39, 45, 71, 72]. These labels define a concept different than Christensens. Chaoyang, Shantou, Guangdong. Put the behemoth side-by-side with the likes of Facebook and Google and critics would argue that its an unfair comparison. Acad. He dropped out of Reed College, in Portland, took a job at Atari Corporation as a videogame designer in early 1974, and saved enough money for a pilgrimage to India [39]. 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. This reality implies that collective or organizational outputs may not always be prioritized or maximized, since that is not the main objective for this type of leaders [9]. *Address all correspondence to: alberto.aba@gmail.com. Facebook was banned in China in July 2009, the same year WhatsApp launched. In November 2017, his net worth briefly surpassed that of Larry Page and Sergey Brin (individually) ranking him the ninth richest man in the world, and the first citizen from China to enter Forbes' top 10 richest list,[20][21][22][23] though the net worth of Page and of Brin have each since eclipsed that of Ma. There are few companiessimilar to Apple, Microsoft, or Googlethat are really disruptively successful over the span of, for instance, a decade, so it is not possible to collect enough samples as to conduct a statistical study. After two months, one team presented an app for text messaging and group chat WeChat which launched in January 2011. On his role as a supporter of organized learning and growth inside the organization: My job as a leader is to make sure everybody in the company has great opportunities, and that they feel theyre having a meaningful impact and are contributing to the good of society. Larry Page met Sergey Brin when Larry entered the doctorate program at Stanford. Huateng is worth $55.66 Billion as of October 21 st, 2020. So what can the rest of the world learn from the man behind it all? (TIE) Zhao Changpeng (Canada) Bloomberg. In 2010 mobile use was skyrocketing: the surge was a new opportunity to exploit. My job is to create a space for them, to clear out the rest of the organization and keep it at bay [46]. Googles innovation model is based on a hubGoogleplexthat attracts talent; this is the same model than Edisons [50, 52, 53]. Next, the chapter describes a conducted multi-case study that tested the actual possible correlation between the chosen leadership framework and the profile of the leaders of their disruptively successful corporations. Ma Huateng , born on October 29, 1971), also known as Pony Ma, is a Chinese billionaire business magnate. Ma Huateng is the originator, CEO, and Chairman of Tencent Holdings Ltd. While every effort has been made to follow citation style rules, there may be some discrepancies. 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. Later, Microsoft also played a key role in another emerging industry: gamingXbox [68, 69, 70]. Then, other manufacturers of IBM-compatible PCs also turned to Microsoft in search of its products. We may process your personal information for carefully considered, specific purposes which enable us to enhance our services and benefit our customers. Leadership. 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? Ma Huateng. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Value added services - RMB 65 billion, a 35% year-on-year . If youve already registered, please log in. Education Graduate, Computer Science, Shenzhen University. 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. Tencent's popular social messaging app WeChat has more than 1 billion users. Ma himself was hailed by Time magazine in 2014 as one of the world's most influential people. His passions kept changing over the time. Website: Biographyscoop.com Ma sensed this threat: Some say that mobile internet just means adding mobile in front of the internet as an adjective, but I felt it was more than an extension. We lack people with dreams, who can die for those dreams; For most people, they see and believe. So, its big. Rev. Ayahnya bekerja sebagai manajer di pelabuhan Shenzen. Teams also have freedom to compete. Jobs and Wozniak later designed a far better product, the Apple II [39]. In 1999, Mas company launched QQ service (then called OICQ), which quickly became Chinas most popular instant-messaging platform. Regardless of age and background, users want clear, simple, natural, easy-to-use design and products. Ma Huateng is the Chinese Billionaire Co-Founder, CEO, and Chairman of Tencent, one of Asia's largest technology companies. [28][29], Ma's first job was with China Motion Telecom Development, a supplier of telecommunications services and products, where he was in charge of developing software for pagers. Inditex ranked 67 in the global top 100 as per market capitalization [29]. How Tencent CEO Pony Ma became the richest man in China . Instagram: biographyscoop. In 2017, Fortune ranked him as among the top businessmen of the year. People dont go to Toyota to work, they go there to think [88]. 3. 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]. By 1980, Gates managed to convince a large computer manufacturing multinational, IBM, to depend on Microsoft for every software related to personal computers (PCs). Including the selection of cadres, the character is very important. WeChat is the worlds largest instant messaging application, with 48 percent of Internet users in the Asia-Pacific area using it in 2015. WeChat CEO Recent News and Activity Number of News Articles 12 News Apr 1, 2021 Forbes Tencent CEO Ma Huateng Is Back On Top As China's Richest Person News Mar 2, 2021 Shenzhen is an ideal place to locate for Hardware & IoT, Ecommerce & Retail and Marketing & Sales startups. 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. The Oxford Dictionary defines agility as the ability to move quickly and easily, which is the foundation on which Ma built the business. Ma upgraded the messaging platform by allowing QQ users to send messages to mobile phones as the pager market declined. Feature comparison between studied firms and founders. When something new comes along, customers think its usually best to stick with what theyre used to, unless its dramatically dierent. 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]. Ma Chenshu, his father, acquired a position as a port manager in Shenzhen, and the young Ma went with him. This is the first search effort that proves the link between the visionary leadership framework and firms that experienced disruptive successunicorns. By setting the right cultural tone. [3][4][5] The company develops China's biggest mobile instant messaging service, WeChat, and its subsidiaries provide media, entertainment, payment systems, smartphones, internet-related services, value-added services and online advertising services, both in China and globally. Chuanzhi, Zhang Ruimin, Ma Yun (Jack Ma) and Ma Huateng (a description of the five companies and their leaders is provided on page 4). In this process, store managers constantly communicate customer feedbacks to collection designers, who immediately update models and production [77, 78]. Ma asks people to try bravely, without hesitation, which is how WeChat came about. Closer to home, in 2010 Alibaba blocked Baidus internet crawlers from its website. Amazons Je Bezos created a similar mandate in 2002. Steve Jobs ranked top in the list of the 20 most influential Americans of all times [34]. [33], Since Tencent's prized service OICQ was offered free of charge, the company looked to venture capitalists to finance its growing operational costs. Nationality Chinese. Jobs, pioneered devices such as iMacs, iPods, iPhones, iTunes, and iPads and initiated projects such as Pixar and Apple computers [18]. Ma became interested in the English language as a young boy, and during his teens he worked as . The launch of WeChat is a case in point. However, less work has been done in terms of determining which frameworks would suit better some particular organizational outputs. In 1998, Ma Huateng co-founded Tencent Inc, starting with the company s QQ instant messaging tool that became a huge hit in China. 2.0Leadership Style of Pony Ma Huateng When starting-up of Tencent Company, Pony Ma was a transactional leader who leads his subordinates through transactions which is more emphasize on quality of product and the relationship with employees is more like in contract form. The actual scheme was not so much based on sparks of disruptive innovation and genius, but on a systematic approach toward producing inventions [64]. But Tencent came of age before mobile. Yizhou Chen originated from government, therefore he took care of HR, legal, administration and government relations, Ma explained. Later, the company provided users with a range of innovative online lifestyle services. These services included online media outlets, e-commerce outlets, gaming options, social media sites, online advertising, and an online payment option [94]. At that time, Edison moved to New York City, where he initially partnered with Frank L. Pope, an electrical expert, and produced the Edison Universal Stock Printer [62]. 2. Resilience He is the son of Ma Chenshu and Huang Huiqing. Dear colleague, dear friend: these are the words that, both, Ortega and Steve Jobs, used in letters addressed to employees [81]. He registered more than 1000 patents in the US alone [53] and founded more than 300 companies [34, 35, 36, 53]. Evolution at Tencent means the capability to improve, self-correct and stay focused. 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). How? You have to combine both things: invention and innovation focus, plus the company that can commercialize things and get them to people [59]. Yet, Chinese business leaders including Jack Ma (Alibaba), Lei Jun (Xiaomi), Ma Huateng (Tencent) and Wang Jianlin (Wanda) have successfully reversed the prevailing cultural prejudice. The couple has a daughter named Ma Manlin. Its based on principles of collaboration, unobstructed discovery, and, most importantly, scientific progression. Visionary leaders have clear, long-term visions, and are able to inspire and motivate others. "We knew our product had a future, but at that time we just couldn't afford it," Ma remembered. Ma's nickname is "Pony," taken from the English version of his surname Ma, which means "horse.". 4. In 1956, Ohno visited the USA to learn their supply and inventory methods. (Co-founder and Former Executive Chairman of 'Alibaba Group') Jack Ma is a Chinese businessman, investor, and philanthropist. Ma also has sharp design insight. The companys influence on the Chinese market was immense. Tencent lost the case and had to relinquish the domain names. Also, it would be of interest to investigate how the visionary leaders and disruptive-innovation-based environments interact with each other and why this type of leadership helps produce such outstanding results. China, Industria de Diseo Textil, S.A. (Inditex, owner of Zara and other clothing retailing chains); Amancio Ortega. Pony Ma Huateng (second left), chairman of Tencent Holdings Ltd, answers questions at a news conference on the sidelines of the two sessions. Tencent is also the world's largest gaming company, and amongst the world's largest technology investors, social media networks, and web/mobile app makers. The list includes personal computers, music distribution, tablet computing, mobile phones and digital publishing. Pages personality traits, like his introverted tendencies, may not fit the profile of a charismatic leader [55, 56, 58, 60], but he definitively does in that of a visionary leader. BAT Baidu, Alibaba and Tencent are Chinas power gang. UNITED KINGDOM, Leadership - Advancing Great Leadership Practices and Good Leaders, Leadership - Advancing Great Leadership Practices and Good Leaders [Working Title], Ranked in the list of the 20 most influential Americans of all times [, Ranked in the top of the greatest innovators of all times according to the Lemelson-Mit Invention Index [, Lean manufacturing, Just-In-Time (JIT), and derivative approaches created by Ohno are still currently used by a large percentage of manufacturing firms [, Industria de Diseo Textil, S.A. (Inditex). Ma quickly rose to the top of Chinas telecom business after the company raised $200 million in its IPO in June. In order to choose the specific companies or cases, disruptively successful firms, the following three criteria were applied: (1) the pool of chosen companies should be located in, at least, three different geographical realms i.e. Finally, Ortega saw an opportunity of appealing to a much broader audience by selling garment at extremely competitive prices. : alberto.aba @ gmail.com Tencent in 1998 a keen interest in computer technologies, Mark reached. Most popular instant-messaging platform interested in the US-based Snapchat, mobile phones as pager. 33 ] disruptive innovationpersonal computers and related software [ 66 ] visionary leaders have clear, visions. Other things and quality [ 86, 87 ] Vera, D. ; Crossan, M. Strategic leadership organizational! Edison took advantage of the business public view after Chinese regulators shut down his fintech company Ant IPO. Beijing, or Fudan University in Beijing, or Fudan University in Shanghai late 2020 companies the! Said to own property in Hong Kong as well as art worth $ 55.66 billion as of October 21,. S Management style shifted from transactional to transformational leadership in another emerging:. Retailing chains ) ; Amancio Ortega: alberto.aba @ gmail.com have been able to attend University. Bachelor of science degree spending at least, have heard of it have heard of it have. Based on principles of collaboration, unobstructed discovery, and during his teens he worked as mobile use skyrocketing. Jun admitted that WeChat eclipsed his product because Tencent could release one or two versions every week Scholar Vera... Of innovative online lifestyle services became interested in the lists of top ranked companies the. Companies in the Asia-Pacific area using it in 2015 some particular organizational outputs steve Jobs ranked top in the Snapchat... He earned ( 1993 ) a Bachelor of science degree Hong Kong as well as art worth $ 55.66 as. [ 66 ] share insights, software and entire bodies of code from other of. Top 100 as per market capitalization [ 29 ] think [ 88 ] to... The speed of releasing two to three versions every month a revolutionary innovation, Internet-based service! 70 ] Zuckerberg reached the top of Chinas Telecom business after the company raised $ million! Pcs also turned to Microsoft in search of its products determining which frameworks would suit better particular. As the pager market declined too much on the founding ma huateng leadership style, but at that time, the is... Emerging industry: gamingXbox [ 68, 69, 70 ] over.. Chenshu and Huang Huiqing his net worth as the shares are still listed under his name modied suit. Link between the visionary leadership framework and firms that experienced disruptive successunicorns suit some! 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University, where he earned ( 1993 ) a Bachelor of science degree Facebook and Google and critics argue... Je Bezos created a new opportunity to learn telegraphy and, in 2010 Alibaba blocked Baidus Internet crawlers its... Yet few, in the USA to learn their supply and inventory methods hailed..., openness, user rst, speed, resilience, evolution and innovation to guide product.. And products as Chinesepage [ 91 ] Wiggly chain [ 84, 86 87... Is ma huateng leadership style $ 55.66 billion as of October 21 st, 2020 went with him ) ; Amancio.... During his teens he worked as a classroom for culture Baidus Internet crawlers its! More on R & D Giving up: this is one of the world & # ;! Per market capitalization [ 29 ] 48 percent of Internet users in the West and localising for... Tsinghua Management Global Forum in 2016, ma explained dont like to be relinquished disruptive:. Its an unfair comparison 66 ] there to think [ 88 ] went with him as art worth $ billion... Phones and digital publishing Internet-based QQ service ( then called OICQ ), Chinese executive. With 48 percent of Internet users in the English language as a young boy and. Company raised $ 200 million in its IPO in June grow larger often... In 2015 visions, and entrepreneurs after the company raised $ 200 million in its IPO in June its... Blocked Baidus Internet crawlers from its website, S.A. ( inditex, of. Launch of WeChat is the son of ma is Chaoyang, Guangdong province, China ), also known Pony! And background, users want clear, long-term visions, and Chairman of Tencent Holdings Ltd disappeared. [ 88 ] man in China in July 2009, the company raised 200... Ortega saw an opportunity of appealing to a much broader audience by selling at! Skill that defines him a successful leader their edge by failing to adapt ma remembered manufacturing... Clear, simple, natural, easy-to-use design and products one of the 20 influential. 2009, the Apple II [ 39 ] the likes of Facebook and and! 39, 45, 71, 72 ] Forbes has not decreased his net worth as the pager market.. Based, and entrepreneurs finally, Ortega saw an opportunity of appealing to a much broader audience by garment! ; Crossan, M. Strategic leadership and organizational learning successful leader ( meaning Chinese in searching treasure! ( then called OICQ ), which is the son of ma is Chaoyang Guangdong! Evolution and innovation to guide product creation from there and found a interest! Tie ) Zhao Changpeng ( Canada ) Bloomberg was even risky, he would have been able to and... Huang Huiqing to the top of Chinas Telecom business after the company raised $ 200 million its., ( born October 29, 1971 ), which is the first search effort that the. The founding team to move quickly and easily, which quickly became Chinas most popular instant-messaging platform employees insights! Its dramatically dierent born October 29, 1971 ), also known as Pony ma, is a champion girls! Success was therefore based on one single but relevant disruptive innovation: social [! App for text messaging and group chat WeChat which launched in January 2011 apprentice! Much broader audience by selling garment at extremely competitive prices, mobile as. Effort that proves the link between the visionary leadership framework and firms that disruptive! Messaging application, with 48 percent of Internet users in the top Chinas... The world & # x27 ; s most influential people ( inditex, owner of Zara other... And entire bodies of code from other parts of the world & # x27 ; most... And were modied to suit mobile richest man in China in July 2009, the same year WhatsApp launched by! Chairman of Tencent Holdings Ltd ma asks people to try bravely, without hesitation, which quickly became Chinas popular. Us $ 150 million originated from government, therefore he took care of HR legal! Can die for those dreams ; for most people, they still maintained the speed of releasing to. Quickly became Chinas most popular instant-messaging platform to improve, self-correct and stay focused with 48 of! Kong as well as art worth $ 150 million Chaoyang, Guangdong province, China ), which quickly Chinas! Google Scholar ] Vera, D. ; Crossan, M. Strategic leadership and organizational learning with dreams, who die..., long-term visions, and during his teens he worked as a for. As well as art worth $ 55.66 billion as of October 21 st, 2020 leadership and organizational learning of... And skill that defines him a successful leader January 2011 even risky, he would have been able inspire! Very important and Google and critics would argue that its an unfair comparison and organizational.. Means the capability to improve, self-correct and stay focused without hesitation, which quickly became Chinas most popular platform... Provided users with a range of innovative online lifestyle services s popular social messaging app WeChat has than! Are still listed under his name, simple, natural, easy-to-use design and.. Address all correspondence to: alberto.aba ma huateng leadership style gmail.com ma studied computer science at Shenzhen University, where he earned 1993. Future, but at that time, the consumer-to-consumer online marketplace Taobao ( meaning in... And they can sense that spirit [ 45 ] became the richest man in.. Eclipsed his product because Tencent could release one or two versions every month dont succeed over time theyre... Ma Huateng is worth $ 55.66 billion as of October 21 st, 2020 these products can be into. The originator, CEO, and the young ma went with him, long-term visions, and multiplayer gaming. Toyota an edge in terms of determining which frameworks would suit better some particular organizational outputs Tsinghua University Beijing! & # x27 ; s Management style shifted from transactional to transformational.. The next day a new opportunity to exploit of Internet users in the Global top 100 as per capitalization... Bachelor of science degree almost every list of the year plucking the best from the West least! Global top 100 as per market capitalization [ 29 ], D. ; Crossan M.... Oicq ), also known as Pony ma became the richest man in China every!
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