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Sunday, April 17, 2016

Any mistake is a wonderful revenue for you.Alibaba Group/CEO Daniel Zhang


Jack Ma or Ma Yun(Chinese: 马云; born September 10, 1964) is a Chinese business magnate and philanthropist. He is the founder and executive chairman of Alibaba Group, a family of successful Internet-based businesses. He is the first mainland Chinese entrepreneur to appear on the cover of Forbes.
Jack Ma has emerged as the symbol of China's rise to number one in Internet and mobile phone users. His e-commerce firm, Alibaba Group, whose IPO in New York in 2014 set a record as the world's biggest public stock offering, has made a swath of deals, investing in movies like "Mission Impossible - Rogue Nation," creating a sports division with Chinese partners and forming an online portal with U.S. department store Macy's. In contrast, amid allegations that it was selling counterfeit goods, Alibaba Group's stock price declined throughout most of 2015 and fell below its IPO price in September 2015, a drop of 50% from its November 2014 peak. Alibaba said in a September 2015 statement that "The sale of knock-off goods by third-party merchants is a risk that all operators of third-party transaction platforms globally face, including eBay and Amazon."

1. He Values Attitude

When Jack Ma talks about the biggest mistake he ever made he describes how when he founded Alibaba he told his team that the highest level they could achieve would be that of managers, and that executives should be hired from the outside. Ma has learned his lesson and now stresses the importance of attitude and passion over theoretical skills.

2. He Unites People under a Single Goal

Ma understands that no matter how hard you try you will never be able to convince every single employee, business partner, and potential investor to trust you or believe what you say. Accepting that and changing your approach is another key to his massive success. Rather than uniting his company under the vision of one person, he unites them under a common goal. The vision is more important than the leader.

3. He has Foresight

Jack Ma believes that a good leader should have foresight. He should try to stay one step ahead of the competition and anticipate how decisions will play out ahead of other people. Taking time to develop creative thinking skills and following informed intuition is a hallmark of any great business leader.

4. He Hires People with Superior Skills

When asked what separates a leader from an employee Ma has gone on record saying “Your employee should have superior technical skills than you. If he doesn’t, it means you have hired the wrong person.” Focusing on the skills of employees and hiring people with the know how to carry out your vision is an important pillar of any great company.

5. He is Tenacious

In addition to foresight Ma says leaders should be tenacious and have a clear vision. Knowing what you want to achieve and having the drive to chase it down will not only put you on the path to success, it will inspire those around you to work hard for that common goal. Taking pride in your work and not taking no for an answer are keys to Ma’s business philosophy.

6. He Defines Failure as Giving Up

According to Ma, “giving up is the greatest failure.” If you go out, try your best and fail to achieve your goal but see it through to the end you are a success.  Like all great leaders, Ma recognizes that a person is able to learn the most from obstacles and hardships. They key to success is persevering and learning from your mistakes.

7. He Loves Life

“I always tell myself that we are born here not to work, but to enjoy life. We are here to make things better for one another, and not to work. If you are spending your whole life working, you will certainly regret it.” This sentiment lies at the heart of Jack Ma’s lifestyle. Life is for experiencing the world and helping out other people. If money is your goal, you have to change your mindset.

8. He Doesn’t Make Enemies

One the most unique aspects of Jack Ma’s business philosophy is the idea of friendly competition. Ma does not see his competitors as his enemies, rather they are friends whom he can learn from and who challenge him to achieve his full potential.
It is clear that Jack Ma’s philosophy is built for success in a rapidly developing world. We can all learn a thing or two from this self-made billionaire.