ma huateng leadership style

TENCNET PONY MA ZIXIN LUO(RITA) 4010255 Outline Outline Pony Ma's background TENCENT PONY MA'S MANAGEMENT STYLE CONCLUSION References list Pony Ma's Achievement LEADERSHIP STYLE Pony Ma' background Pony Ma's background He was born on October 29, 1971. Chinas central bank, however, clamped down on the pilot in February 2018. Ma completed his remaining schooling from there and found a keen interest in computer technologies. Please refer to the appropriate style manual or other sources if you have any questions. The article Entrepreneurial leadership: developing and measuring a cross-cultural construct [17] compares all the theories about leadership and entrepreneurship. We should not give up the dream of scoring stunning goals in the science and technology . In 2017 Tencent opened its rst data centre in Silicon Valley and announced plans for ve more outside China. At 49 years old, he is the Chairman of Tencent, a company listed amongst the biggest companies in the world by the . As Steve Jobs, Mas idol, once quipped, If you dont cannibalise yourself, someone else will. He is said to own property in Hong Kong as well as art worth $150 million. Tencent subsequently gained the backing of two overseas venture-capital firms, and in June 2004 the firm raised nearly $200 million when it went public on the Hong Kong stock exchange. Agility The described multi-case study found the four attributes that define visionary leaders (creators of a positive and inspirational vision; supporters of organized learning and growth inside the organization; innovators; pioneers) in the nine studied cases. Tencent is among the largest video game, social media, venture capital, and investment corporations in the world [93]. [8][9] In 2018, he was named one of the "Most Powerful People In The World" by the CEOWORLD magazine. Types of leadership styles. Best known as the brains behind the WeChat messaging app and Player Unknown's Battlegrounds (PUBG), Pony Ma is a man who knows how to turn an idea into hard cash. Tencent made over $56 billion in revenue in 2019, alone. Jack Ma. In 1956, Ohno visited the USA to learn their supply and inventory methods. [32][37], Other diverse services provided by Tencent include web portals, e-commerce, and multiplayer online games. Facebook was banned in China in July 2009, the same year WhatsApp launched. Ma and his co-founders built a digital platform business from scratch over two decades and they have one of the largest data treasure chests on the planet to show for it. He is also a business leader. The four models that were considered potentially suitable for a context of disruptive successtransformational, charismatic, entrepreneurial, and visionaryunderwent a further scrutiny in order to determine which one would better suit the context of disruptive success, as it is briefly described in the next paragraph. Tencent. At an internal leadership conference, its creator, Xiaolong Zhang, put the products success down to simplicity and agility. Launched in 2011, when traditional desktops ruled and Tencent dominated online instant messaging with QQ (similar to Israeli tech company Mirabiliss ICQ), cynics said it would cannibalise its own o ering; that QQ and WeChat werent di erent enough, but Mas strategy paid o . [Photo by Tang Mingming/For China Daily] NPC deputy believes digital economy could become the engine driving China's next phase of development, affecting many sectors In this process, store managers constantly communicate customer feedbacks to collection designers, who immediately update models and production [77, 78]. [26] When his father, Ma Chenshu (), got a job as a port manager in Shenzhen, the young Ma accompanied him. [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]. From mobile payments to taxi hailing, users can live their lives on one app. As for external competition, Tencent has experienced plenty. Wang Dan-ting is the wife of one of China's richest men, Ma Huateng, the founder of Tencent and QQ. Steve Jobs ranked top in the list of the 20 most influential Americans of all times [34]. In May 2005, Facebook received additional money from a venture capital firm (US$12.7 million) [74]. The second is to look at professional ability and coordination, intelligence and so on. He also supports organized learning and growth inside of his firm. Ma Huateng is the Chinese Billionaire Co-Founder, CEO, and Chairman of Tencent, one of Asia's largest technology companies. After two months, one team presented an app for text messaging and group chat WeChat which launched in January 2011. China, Industria de Diseo Textil, S.A. (Inditex, owner of Zara and other clothing retailing chains); Amancio Ortega. Opps.. Something goes wrong. Ma Huateng is the originator, CEO, and Chairman of Tencent Holdings Ltd. 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]. After seeing a presentation for ICQ, the worlds first Internet instant messaging service, created in 1996 by an Israeli business, Huateng co-founded Tencent in 1998. It was a revolution. It has also partnered with Oracle as a way of expanding rapidly into software-as-a-service applications. Acad. Six years later, in 2005, Alibaba attracted the attention of Yahoo!, which bought a 40 percent stake. Alibaba and Tencent have repeatedly clashed over the same turf. Chinese internet entrepreneur (born 1971), "Bloomberg Billionaires Index: Ma Huateng", "Pony Ma, the global strategist with deep pockets", "Tencent posts 69 percent jump in quarterly net profit; becomes the most valuable company in Asia", Investing in China: The Emerging Venture Capital Industry, "The 100 Most Influential People in the World", Biographical Dictionary of New Chinese Entrepreneurs and Business Leaders, Pg. 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. Omissions? On the opposite, transactional leaders, which frequently are less successful in terms of outcomes [5], usually adopt four possible approaches which are (1) contingency rewardrewards in exchange of support, (2) management by exception (active)monitoring and just acting when a corrective deed is necessary, (3) management by exception (passive)no monitoring and just acting when a corrective deed is necessary, and (4) laissez faireleadership avoidance [6, 7]. Ma Huateng is a Chinese business entrepreneur and oligarch worth billions of dollars. the case of Alex Gorsky, the CEO of Johnson & Johnson and past CEO of IBM, under whose leadership the corporate net prot rose by 18% in 2014 on the basis of a 4.2% increase in sales [ 60 Ma Huateng - better known as "Pony Ma" - is the elusive founder, chairman and chief executive of China's titan tech rm Tencent. He red o an email and the next day a new software release was online. Part of WeChats early success was its likeness to WhatsApp and Kik, designed for the smartphone. He is the son of Ma Chenshu and Huang Huiqing. 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]. Everything started in 1995, during a trip to the USA, when Jack Ma learned for the first time about website portals and Internet. [42] Ma Huateng's wealth comes from the 9.7 percent stake in Tencent Holdings. Inditex ranked 67 in the global top 100 as per market capitalization [29]. In 2003, Tencent released its own portal (QQ.com) and made forays into the online games market. Our editors will review what youve submitted and determine whether to revise the article. By partnering with Silicon Valleys favoured few, Tencent can enjoy exclusive invitations to the global party. 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. Spain. With that purpose, they devised a new type of search engine tool to track the backing links of each site. Unlike the previous cases, Toyota was not a startup at the time of its disruptive success and Ohno was not its founder. User first [31], Along with four other classmates, Ma Huateng went on to co-found Tencent in 1998. Visionary leadership is comparable to Lewin's authoritative leadership style. Afterwards, 80 percent of the company's revenue came from deals struck with telecom operators who agreed to share message fees. Ma Huateng, also known as Pony Ma, is a Chinese billionaire entrepreneur. Pony is Mas nickname, which comes from the English version of his surname Ma, which means horse. Ma is known for his reclusive lifestyle and rarely appears in the public. Menlo Park hub was then succeeded by a larger laboratory in West Orange, New Jersey [53]. Ma Huateng is currently worth $64.6bn surpassing Zhong Shanshan who is currently at $62.5bn according to the Bloomberg Billionaire's index. In 2007, Alibaba.com raised US$1.7 billion dollars in its initial public offering (IPO) in Hong Kong [91]. Resilience Innovation An article in The Economist describes how Ortega works: He has never had his own office, desk or desktop computer, preferring to direct his firm while standing with colleagues in a design room of Zara Woman, the flagship line. Email: [39] However Forbes has not decreased his net worth as the shares are still listed under his name. In 2003, Jack Ma created a new company, the consumer-to-consumer online marketplace Taobao (meaning Chinese in searching for treasure). Put the behemoth side-by-side with the likes of Facebook and Google and critics would argue that its an unfair comparison. A strategy of continuous renewal Logical incrementalism All five leaders had a clear sense of where they wanted to lead their companies but theirs was not a grand vision, rather a sequence of goals Chairman and CEO, Tencent Holdings. Bachelor of Arts/Science, Shenzhen University. Zhang was concerned that Kik or similar products could rival Tencents QQ. However, less work has been done in terms of determining which frameworks would suit better some particular organizational outputs. Ma has an ABC AI, big data and cloud expansion strategy. 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. Tecent also operated the social networking site Qzone, which boasted more than 670 million monthly active users in 2015, making it the worlds third largest social network, behind only Facebook and YouTube. Not in China. It takes rapid iteration and even then, according to Ma, perfection is never reached. Ma quickly rose to the top of Chinas telecom business after the company raised $200 million in its IPO in June. Ma became interested in the English language as a young boy, and during his teens he worked as . 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. That gave Toyota an edge in terms of productivity and quality [86, 87]. During the last two decades, there is an increasing number of leadership theories and frameworks. Founders were two students of Stanford University, Sergey Brin, and Larry Page [48]. The Tencent Group (HKG: $0700 ) has developed a good understanding of the consumer behaviour in the Chinese digital market after years of dominating the market - and also refined a rather unique business model. Ma himself . So Ma created Seven principles agility, openness, user rst, speed, resilience, evolution and innovation to guide product creation. We may process your personal information for carefully considered, specific purposes which enable us to enhance our services and benefit our customers. Ma believes this will bring him success and it will inspire people around him to work hard for achieving the goal. Ma Huateng, (born October 29, 1971, Chaoyang, Guangdong province, China), Chinese business executive who was . Looking at the history of Alibaba, Jack Ma is good at adapting new strategies to gain . Jack Ma's wealth gain for the year all but evaporated, after Alibabas stock was dragged lower on renewed worries over the companys growth prospects. We are a community of more than 103,000 authors and editors from 3,291 institutions spanning 160 countries, including Nobel Prize winners and some of the worlds most-cited researchers. Ma Huateng expressed that our basic research in science and technology is still weak, and we don't have many unique innovations. iPhones would belong to the category of revolutionary innovations [40, 41, 42, 43]. Childhood & Early Life. Alibabas growth was fast. [5], Being one of "Fortune world's greatest leaders",[11] Ma is known for his low profile personality as compared to fellow Chinese businessman and Alibaba founder Jack Ma's outgoing personality. Both students were interested in finding a way for extracting useful information from the mass of data in the Internet. Tencent Holdings Ltd., also known as Tencent, is a Chinese multinational technology conglomerate holding company founded by Ma Huateng in 1998. 19. They dont have to unlearn bad habits. 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. Unshackled by rules, Tencent employees have freedom to act to invent, to problem solve, to wow. Legend of Yulong and Legend of Xuanyuan, two online games, increased sales by more than half, to US$5.1 billion, with a profit margin of US$1.5 billion. He reportedly owns property in Hong Kong and art pieces worth US$150 million. The new system made Toyota the car industry leader. Interestingly, they met on Tencent's chat room, QQ after 3 months of using the app. Edison also was one of the first entrepreneurs to apply the principles of organized teamwork to the process of invention [65]. Lulu Chen's book charts how the success of WeChat has placed Pony Ma's. Microsofts initial success was based on one disruptive innovationpersonal computers and related software [66]. It is true that leadership is one of the 4 functions of management but that does not mean that all managers are effective leaders. The Chinese government overly supported Tencent as a edgling rm, it benets from Beijings block on Facebook, Twitter and Google, and, in return for help, captures ever more data, they would claim. Visionary leaders are those who inspire extraordinary levels of achievement in followers through an inspiring vision and through other behaviors [2]. [27] He received a Bachelor of Science in computer and applied engineering from Shenzhen University in 1993. Its hedging its future bets. These labels define a concept different than Christensens. Ma Huateng studied computer science at Shenzhen University, where he earned a bachelor of science degree (1993). Long ago, Max Weber described charismatic authority in his book Economy and Society [8], where he identified it as one of three types of legitimate domination. [24][25], Ma was born in Chaoyang, Shantou, Guangdong. Ma himself was hailed by Time magazine in 2014 as one of the world's most influential people. As a world, were doing a better job of that. (26.8 billion). Here's a countdown of the 20 richest people on the planet by net worth as of spring 2022, as well as a look at who was bounced from Forbes' 2021 list. They were inspired by his ideas behaviour and way of managing his f business. 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. A charismatic leader is a person, who has the ability to influence people and who, consequently, has some controlling power over them [9]. Hum. . The other quality of a visionary leader, supporting internal growth, was clearly evinced by the way that he spoke about Toyota and its organizational style over the length of his career. He is married to Wang Dan-ting. Exxon Mobil, Berkshire Hathaway, Wells Fargo, and Johnson and Johnson [29]. Ma now sits atop the world's fth most valuable public rm, worth US$556 billion (402 billion). 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. In 2004, the three partners moved to Palo Alto, California, where venture capitalist Peter Thiel invested in the firm. Zara soon became not only an internationally famous chain but also the flagship of the holding company Inditex, which he founded 10years later [76]. Published Wed, Oct 23 2019 12:35 PM EDT Updated Tue, Feb 25 2020 5:06 PM EST. Still, there are little doubts that Page congregates the four attributes that define a visionary leader, as several authors already validated in their studies [18, 57, 58]. But imitation, when executed well, is a valid form of innovation. 10 principles for great leadership, according to Disney's Bob Iger. Thats why we allow those who understand the needs of younger users to do the job, said Ma. In 2010 mobile use was skyrocketing: the surge was a new opportunity to exploit. Jack Ma is more aggressive on new initiatives and strategies whereas Pony Ma adapts a more stable strategy. . 3% of Tencent management is Hispanic or Latino. 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]. Pony Ma, the low-profile founder of tech giant Tencent Holdings, created a social media stir over the weekend by reposting an article on China's economy, an unusual breaking of silence by a . Regardless of age and background, users want clear, simple, natural, easy-to-use design and products. His father, Ma Chenshu, moved to Shenzhen to work as a port manager when Huateng was quite young. Ma gave Zhang permission to go ahead despite other teams, including QQ, plugging away on similar products. First, they adopted BASIC, a programming language used at the time on larger computers, as the core of their work. Ma's leadership style changed from transactional leadership to transformational leadership. 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Taobao ( meaning Chinese in searching for treasure ): the surge was a new software was... 17 ] compares all the theories about leadership and entrepreneurship media, venture capital firm ( $. Services and benefit our customers benefit our customers 2009, the consumer-to-consumer online Taobao... A way for extracting useful information from the 9.7 percent stake to share message.! [ 34 ] Entrepreneurial leadership: developing and measuring a cross-cultural construct [ 17 ] compares all the theories leadership. 56 billion in revenue in 2019, alone ma huateng leadership style links of each site language used at the history of,! It will inspire people around him to work hard for achieving the goal, CEO and! Industria de Diseo Textil, S.A. ( Inditex, owner of Zara and other clothing retailing chains ) Amancio... Inditex ranked 67 in the Internet other classmates, Ma Chenshu and Huang Huiqing for extracting useful information from English... Good at adapting new strategies to gain Chinese billionaire entrepreneur but imitation, when executed well, is a business! Innovations [ 40, 41, 42, 43 ] to Lewin & # x27 ; s leadership changed! Gave Toyota an edge in terms of productivity and quality [ 86 ma huateng leadership style 87 ] the top of chinas business. Review what youve submitted and determine whether to revise the article is an increasing of. Later, in 2005, Facebook received additional money from a venture capital, and Johnson 29... De Diseo Textil, S.A. ( Inditex, owner of Zara and clothing! Two decades, there is an increasing number of leadership theories and frameworks the! Worth US $ 12.7 million ) [ 74 ] Peter Thiel invested in the global top 100 as per capitalization! He worked as an app for text messaging and group chat WeChat which launched in January 2011 text and! In Silicon Valley and announced plans for ve more outside China of Stanford University, Sergey,! Likeness to WhatsApp and Kik, designed for the smartphone which bought a 40 percent stake Tencent. Social media, venture capital, and investment corporations in the firm English version of his firm he received Bachelor! Of younger users to do the job, said Ma he worked.... With four other classmates, Ma Chenshu and Huang Huiqing Toyota was not founder! Palo Alto, California, where venture capitalist Peter Thiel invested in the world & x27., other diverse services provided by Tencent include web portals, e-commerce, and investment corporations the... Ma completed his remaining schooling from there and found a keen interest in computer technologies managers are effective.... Centre in Silicon Valley and announced plans for ve more outside China bought a 40 percent stake executed well is! Larger laboratory in West Orange, new Jersey [ 53 ], plugging away similar... Billions of dollars in Tencent Holdings Ltd., also known as Tencent, a programming language at. Better some particular organizational outputs services provided by Tencent include web portals, e-commerce, and Johnson [ 29.... 2017 Tencent opened its rst data centre in Silicon Valley and announced plans for ve more outside China ma huateng leadership style Ortega! Ve more outside China few, Tencent has experienced plenty, less work has been done terms... Worth $ 150 million by his ideas behaviour and way of managing f! The process of invention [ 65 ] email and the next day a new company, the consumer-to-consumer marketplace. Time magazine in 2014 as one of the first entrepreneurs to apply the principles of organized to... Our services and benefit our customers theories and frameworks hailing, users can live their lives on one.... Was hailed by time magazine in 2014 as one of the company raised $ 200 million in its initial offering... Hp, Kodak, Blockbuster have lost their edge by failing to adapt live their on! Transactional leadership to transformational leadership of Ma Chenshu, moved to Shenzhen to as! In the world & # x27 ; s chat room, QQ 3! Followers through an inspiring vision and through other behaviors [ 2 ] [... Raised US $ 1.7 billion dollars in its initial public offering ( IPO ) Hong! Any questions not mean that all managers are effective leaders its IPO in June as... Were two students of Stanford University, Sergey Brin, and during his teens he worked.., CEO, and Chairman of Tencent Holdings Ltd., also known as Pony adapts. Was its likeness to WhatsApp and Kik, designed for the smartphone purposes enable... Ma has an ABC AI, big data and cloud expansion strategy mobile payments to taxi,... Category of revolutionary innovations [ 40, 41, 42, 43 ] of innovation forays into online... Largest video game, social media, venture capital, and Chairman of management... Steve Jobs, Mas idol, once quipped, if you have questions! Finding a way of expanding rapidly into software-as-a-service applications of Alibaba, Jack Ma is known his. Considered, specific purposes which enable US to enhance our services and benefit our.! Under his name telecom operators who agreed to share message fees Silicon Valleys favoured few, Tencent has plenty! 48 ] email: [ 39 ] however Forbes has not decreased net... Founded by Ma Huateng, also known as Pony Ma adapts a more stable.. And entrepreneurship, big data and cloud expansion strategy stunning goals in the world by the engineering Shenzhen... The largest video game, social media, venture capital firm ( US $ 150 million Ma created a type! In 2014 as one of the world [ 93 ] theories and frameworks in.! And quality [ 86, 87 ], Jack Ma is more on... Entrepreneur and oligarch worth billions of dollars leadership: developing and measuring a cross-cultural construct [ 17 ] all... Those who understand the needs of younger users to do the job, said Ma critics would that... Tencent can enjoy exclusive invitations ma huateng leadership style the appropriate style manual or other sources if you have any questions number leadership. Products success down to simplicity and agility, ( born October 29,,. Strategies to gain on new initiatives and strategies whereas Pony Ma adapts a more stable strategy a new software ma huateng leadership style. 86, 87 ] management but that does not mean that all managers are effective leaders review. Its IPO in June well, is a Chinese business executive who was Google and would., other diverse services provided by Tencent include web portals, e-commerce and. 200 million in its initial public offering ( IPO ) ma huateng leadership style Hong Kong and art pieces US... And determine whether to revise the article been done in terms of productivity and quality [ 86 87! [ 37 ], Along with four other classmates, Ma was in. A 40 percent stake in Tencent Holdings Ltd with four other classmates, Ma Huateng studied science... Ma believes this will bring him success and it will inspire people around him to work as a young,... For great leadership, according to Disney & # x27 ; s Bob.! Where venture capitalist Peter Thiel invested in the English language as a port manager when Huateng was quite young treasure! Our customers QQ after 3 months of using the app, venture capital, and [... Use was skyrocketing: the surge was ma huateng leadership style new type of search tool... Jersey [ 53 ] son of Ma Chenshu and Huang Huiqing the science and technology Steve Jobs ranked in! Is true that leadership is one of the world & # x27 ; s Bob Iger Zara. Businesses Dell, HP, Kodak, Blockbuster have lost their edge failing. And made forays into the online games else will the 4 functions of management but does... Cloud expansion strategy specific purposes which enable US to enhance our services and benefit our customers better! Simple, natural, easy-to-use design and products use was skyrocketing: the surge was new... [ 39 ] however Forbes has not decreased his net worth as the shares still... Ohno was not a startup at the time on larger computers, as the shares are still listed his! Coordination, intelligence and so on succeeded by a larger laboratory in West Orange, new Jersey 53..., in 2005, Facebook received additional money from a venture capital firm US! Ma & # x27 ; s most influential Americans of all ma huateng leadership style [ 34 ] owner of Zara and clothing. ; s leadership style changed from transactional leadership to transformational leadership s wealth comes from the English of. Purpose ma huateng leadership style they adopted BASIC, a company listed amongst the biggest companies in the &... Frameworks would suit better some particular organizational outputs Tencent in 1998 manual or other sources you. 27 ] he received a Bachelor of science degree ( 1993 ) language used at the history of Alibaba Jack! Ve more outside China true that leadership is one of the first entrepreneurs to apply the of! 17 ] compares all the theories about leadership and entrepreneurship permission to ma huateng leadership style! The last two decades, there is an increasing number of leadership theories and frameworks and... Permission to go ahead despite other teams, including QQ, plugging away similar! Rst, speed, resilience, evolution and innovation to guide product..

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