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Jack Ma Case Study Analysis

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3. ANALYSIS AND DISCUSSIONS

3.1 Jack Ma and Competence Theory
Ma wanted to bridge global small-sized and medium-sized enterprises via e-commerce which offers faster and easier business transactions while making the service available globally unlike the traditional way of commerce in the olden days. He studied and analysed the e-commerce business potential in China and with his positive attitude, he actualized his business idea. This innovation enables him to provide services and products with an indispensable link in the global supply chain. His desire to be successful, he teamed up with a group of friends to start-up Alibaba.

Entrepreneurs that establish the goals and operations of their businesses and their pioneer influences directly …show more content…

In his first attempt to introduce “China Pages” through the internet, he failed but did not stop him from attempting again which he successfully launched Alibaba in his second attempt. His determination, persistence, and resilience have led him to his success.

He may not know programming codes, he has experienced in using the internet while he is in America and found a great business opportunity to introduce the internet back in his country. He witnesses and observed the change in business environment from the traditional way of newspaper to radio followed by television and now the internet.

3.2 Comparison with other entrepreneurs in the group
The personality of the group’s entrepreneurs shall be studied by their personality which includes Robert Kuok of the Sugar King, Mark Zuckerberg the Chief Executive Officer of Facebook, Tony Fernandes the founder of Air Asia and Jack Ma the founder of Alibaba. …show more content…

Ability to embrace the negative and move on without dwelling in defeat and turning the negative energy into positive action. Perseverance is vital for any successful entrepreneurs.

By having a vision, grasping every opportunity and turning all strength to materialize the vision and opportunity will lead to success. Having a clear vision and the determination is the key to success for an entrepreneur.

4.3 What others can learn from Jack Ma?
Being an entrepreneur, thriving on competitive desire with risk and fear is part of entrepreneur characteristic. Although Ma is inexperienced with the internet, he decided to overcome his fear and take a risk by setting up “China Pages” with $2,000 he and his wife borrowed.

He knows he required high management skills and business know-how. Not everyone will share or agree to the same goal. His ability to harness the power of the right team that shares the same goal or mission and empower them will lead to success. The entrepreneurs who surround themselves with experts and turning to them for input will lead to making a savvy decision. Ma turned to seventeen of his friends to launch Alibaba.com with success and its business expanded from there into a higher level.

4.4 What is the future outlook of Jack Ma’s

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