By mlavoie on June 1, 2019. But where there are losers, there are winners: Ma expects people to bounce back from losses, pick themselves up and start over. Back in 2016, he reportedly . Here are further demographic highlights of the leadership team: The Tencent executive team is 50% female and 50% male. You need resilience to keep you on the ball. User first He is the founder, chairman, and CEO of Tencent, one of Asias most valuable corporations, one of the worlds largest Internet and technology companies, as well as one of the worlds largest investment, gaming, and entertainment conglomerates. Based on the streamlined approach to replenishment, Ohno devised the Toyota Production System, which is more broadly known as lean manufacturing or Just-In-Time (JIT) inventory system. 5. 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]. 6. On being an inspirator: We look for people who are passionate about something. 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. [8][9] In 2018, he was named one of the "Most Powerful People In The World" by the CEOWORLD magazine. We hope you enjoy our thought leadership. Ma gave Zhang permission to go ahead despite other teams, including QQ, plugging away on similar products. Profiles. 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. From the revenue distribution of Tencent in recent years, we see an incredible increase in FinTech and business services from 2018. Ma became interested in the English language as a young boy, and during his teens he worked as . That social media post reflected an uncharacteristic step for the Tencent founder, who has kept a low profile in recent years amid China's regulatory crackdowns. 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. Ortega first applied this approach in a bathrobe business, Confecciones Goa, company that he founded in 1963. Leadership. 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]. Think at London Business School: fresh ideas and opinions from LBS faculty and other experts direct to your inboxSIGN UP. Ma Huateng Overview CB Rank (Person) 260,188 Jobs Number of Current Jobs 1 Ma Huateng is the CEO at WeChat. A Study of the Influence of Ma Huateng's Leadership Style Evolution on the Culture of Tencent: Based on the Contingency Leadership Theory. 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). Shenzhen also ranks at number 3 in China, and 4 in East Asia. Birth Details October 29, 1971 | Chaoyang, China. Education Graduate, Computer Science, Shenzhen University. Looking at the history of Alibaba, Jack Ma is good at adapting new strategies to gain . Bachelor of Arts/Science, Shenzhen University. This can be effective in some cases, but it can also lead to resentment from followers who feel like they are not being given a voice. Manag. 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]. Then, his two roommates, Chris Hughes and Dustin Moskovitz, helped him add a few features and they made Facebook available to other universities [74]. Inditex devised a new model of supply chain, the Agile Supply Chain (ASC), that allows its fashion retailer chains to update products just in time [77, 78]. Bill Gates, Mark Zuckerberg. Alibaba and Tencent have repeatedly clashed over the same turf. The other most plausible alternative option, direct interviews or direct surveys, would not have been doable, given the challenge of obtaining response from a large number of highly profiled business leaders. He started off by improving his communication skills and also learned English. During the 2014 Chinese Lunar New Year celebrations, Tencent built on the ancient custom of giving red envelopes lled with money to boost trac on WeChats mobile payments platform. 2.2.2. On being a pioneer: In a world thats changing really quickly, the only strategy that is guaranteed to fail is not taking risks [75]. Taobao did not charge a fee but made money from online services and advertising. 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. 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]. He has an estimated net worth of 38.7 billion. The article concludes that leadership style impacts corporate culture and that the evolution of leadership style has an impact on corporate culture change. However, 2years later, he closed his first company because of strong competitors such as Chinesepage [91]. Innovation 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. Amancio Ortega has guarded his privacy so jealously that his company only released a photograph of him when the firm was first listed [82]. At an internal leadership conference, its creator, Xiaolong Zhang, put the products success down to simplicity and agility. 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 Chenshu, his father, acquired a position as a port manager in Shenzhen, and the young Ma went with him. To date our community has made over 100 million downloads. By making research easy to access, and puts the academic needs of the researchers before the business interests of publishers. Tencents people are in search of excellence. Regarding the second attribute of visionary leadership [18], which is supporting organized learning and growth within the organization, Jobs spoke eloquently about its importance, from his own point of view: The people who are doing the work are the moving force behind the Macintosh. Ma Huateng Leadership Style Ma's management style shifted from transactional to transformational leadership. Ma Huateng seldom appears in the media and is known for his secretive lifestyle. February 22, 2019. My goal is for Google to lead, not follow that [59]. Therefore, the list of multinationals and leaders included in the study is as follows: Toyota Motor Corporation; Taiichi Ohno. Away from Chinas rewalled internet garden, you can live quite happily on a diet of other digital services. 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). In January 2018, WeChat launched a pilot digital ID scheme, allowing citizens to link their national identity to the platforms facial recognition app. What about Tencent 3.0? 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. The three most common leadership styles include skill based, trait based, and behavior based approaches. As the rm realised its rapid growth ambitions, Ma feared it would lose its nimbleness and become an overly complex, cumbersome giant. From mobile payments to taxi hailing, users can live their lives on one app. Licensee IntechOpen. He then worked as a researcher for China Motion Telecom Development Ltd. before founding Tencent in 1998. Tencents earlier e orts include investing in the US-based Snapchat. Ma Huateng is also the youngest amongst the first 15 multi-billionaires in the world. He gives importance to the ideas and strategies given by his employees. Autocratic leadership style. Tencent's popular social messaging app WeChat has more than 1 billion users. 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. [8] Online games such as Legend of Yulong and Legend of Xuanyuan boosted revenue by more than half, up to US$5.1 billion, with a US$1.5 billion profit margin. Creating back doors was a ring oence. Leadership style and approach Ma Huateng pursues the leadership styles which aids in running his company in a successful way. In May 2005, Facebook received additional money from a venture capital firm (US$12.7 million) [74]. That's why the need for online management is increasingly urgent. The participative leadership style is highly effective in achieving the business goals and vision of the organization. Two months later, one team presented WeChat, a text messaging and group chat software that was released in January 2011. In. An interesting quote in terms of leadership styleas a paradigm of invention versus innovation in practiceis this one: In America, when you bring an idea to market, you usually have several months before competition pops up, allowing you to capture significant market share. Alternatively, Call of Duty or Candy Crush might be the vehicle that realises the global ambitions. By 1889, he had full ownership or participation in many electricity-related companies that got then merged. Google was started in 1998 in Menlo ParkCalifornia, USA. This type of leadership is best used when there is a big change in the company or a clear direction is needed. Elements of disruptive innovation can be found in at least four of the items in Apples list: personal computers, music distribution, tablet computing, and digital publishing. The list includes personal computers, music distribution, tablet computing, mobile phones and digital publishing. North America, Western Europe and Eastern Asia, (2) the chosen corporations should be at the highest possible position in the rank of global top 100 companies as per market value [29], and (2) those firms should have become industry leaders in (a) a relatively short period of timeless than 20years, and (b) after leveraging some competitive advantage based on discontinuous innovation. In 1999, Mas company launched QQ service (then called OICQ), which quickly became Chinas most popular instant-messaging platform. Ma Huateng expressed that our basic research in science and technology is still weak, and we don't have many unique innovations. [12][13][14][15][16][17][18], As of January 2023, he has a net worth of US$43 billion according to Bloomberg Billionaires Index. Regardless of age and background, users want clear, simple, natural, easy-to-use design and products. 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. Tencent's market hierarchy and teamwork innovation orientation cultures were shaped by these two leadership styles, respectively. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. Part of Mas deck-spreading strategy is to take Tencent worldwide, in line with the Chinese governments One Belt, One Road national grand plan. Its about the people you have, how youre led, and how much you get it [47]. He considered the next generation better positioned to dream up the next big product idea. Ma now sits atop the world's fth most valuable public rm, worth US$556 billion (402 billion). Liqing Zeng looked like a boss and thats why we asked him to take care of sales and marketing. [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. Chaoyang, Shantou, Guangdong. [31] After the company raised $200 million in June's IPO, Ma quickly became one of the richest people in China's telecom industry. (Co-founder and Former Executive Chairman of 'Alibaba Group') Jack Ma is a Chinese businessman, investor, and philanthropist. In 2003, Tencent released its own portal (QQ.com) and made forays into the online games market. What is the profession of Ma Huateng? This is a few principles for us to select talent [95]. At 49 years old, he is the Chairman of Tencent, a company listed amongst the biggest companies in the world by the . Plenty of seemingly bulletproof businesses Dell, HP, Kodak, Blockbuster have lost their edge by failing to adapt. Ma quickly rose to the top of Chinas telecom business after the company raised $200 million in its IPO in June. Its not about money. BAT Baidu, Alibaba and Tencent are Chinas power gang. The resulting corporation was General Electric Company (GE) [61, 63]. Ma Huateng dilahirkan di provinsi Guangdong, China pada 29 oktober 1971 dengan nama . Hum. [27] He received a Bachelor of Science in computer and applied engineering from Shenzhen University in 1993. Ma Huateng is renowned for his reclusive lifestyle and seldom appears in public. Ma Huateng is a Chinese business entrepreneur and oligarch worth billions of dollars. The battleground is vibrant. Leadership style refers to the way the leaders represent their ways of running an organization. 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. Ma led research and development of Internet paging system development at China Motion Telecom Development before starting Tencent in 1998. 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. Resilience is all part of Mas mission to face down internal and external attackers. The other American companies ranked in-between in the original list were not disruptively successful ones e.g. [26] The product quickly became popular and garnered more than a million registered users by the end of 1999, making it one of the largest such services in China. Visionaries may be the only ones that can actually provide some accurate guesses, and, at the same time, put together, motivate, and guide a team in the right direction. By partnering with Silicon Valleys favoured few, Tencent can enjoy exclusive invitations to the global party. Leadership - Advancing Great Leadership Practices and Good Leaders [Working Title], Open access peer-reviewed chapter - ONLINE FIRST, Submitted: July 8th, 2022 Reviewed: September 13th, 2022 Published: October 28th, 2022, Total Chapter Downloads on intechopen.com. Its headquarters is located in Shenzhen, China. [26] When his father, Ma Chenshu (), got a job as a port manager in Shenzhen, the young Ma accompanied him. Evolution It has also partnered with Oracle as a way of expanding rapidly into software-as-a-service applications. Home > How Tencent CEO Pony Ma became the richest man in China . All Rights Reserved. In 2017, Fortune ranked him as among the top businessmen of the year. Tencent, which owns a stake in. Tencents attention to speed has long had its rivals green. (26.8 billion). Updates? You have to combine both things: invention and innovation focus, plus the company that can commercialize things and get them to people [59]. Tencents immense success made Ma, who was widely referred to as Pony Ma (the nickname was a play on his surname, which means horse in Chinese), one of the wealthiest individuals in China. ", https://en.wikipedia.org/w/index.php?title=Ma_Huateng&oldid=1135733922, Delegates to the 12th National People's Congress, Delegates to the 13th National People's Congress, Short description is different from Wikidata, Articles containing Chinese-language text, Articles containing simplified Chinese-language text, Articles containing potentially dated statements from 2015, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 January 2023, at 14:49. [38], In 2016, Ma transferred US$2.3 billion worth of his personal Tencent shares to his charitable foundation, the Ma Huateng Global Foundation (). Ma completed his remaining schooling from there and found a keen interest in computer technologies. He reportedly owns property in Hong Kong and art pieces worth US$150 million. Ma believes this will bring him success and it will inspire people around him to work hard for achieving the goal. League Business Leader. 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 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. Visionary leadership is comparable to Lewin's authoritative leadership style. They dont have to unlearn bad habits. In 1975 William Henry Gates IIIknown as Bill Gates, a student then at Harvard University, and his friend, Paul Allen, partnered and founded a developing software company, called Microsoft [66]. Menlo Park hub was then succeeded by a larger laboratory in West Orange, New Jersey [53]. But imitation, when executed well, is a valid form of innovation. Northouse explained, "Transformational Ma Huateng adalah pengusaha yang merintis kariernya dari nol. Publishing on IntechOpen allows authors to earn citations and find new collaborators, meaning more people see your work not only from your own field of study, but from other related fields too. 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. [43] He owns a redeveloped palatial residence of 1,820 m 2 (19,600 sq ft) in Hong Kong. The rm supports a mind-bending number of apps directed at improving peoples everyday digital lives, including its own version of Uber, Didi Dache. The idea was a watershed moment for Chinas mobile market, bringing more than eight million users to Tencents WeChat Payment platform in the rst eight days after the New Year. Since then, GE has been in the lists of top ranked companies in the USA [61]. Always work hard on something uncomfortably exciting! [59]. Table 1 summarizes the findings on rankings associated with the four above-mentioned features. [42] Ma Huateng's wealth comes from the 9.7 percent stake in Tencent Holdings. Based on this history, there is no doubt that Taiichi Ohno was a visionary, an innovator, and a pioneer [18]. In the case of the selected framework, the results are the ones that tell if this choice was right. Yizhou Chen originated from government, therefore he took care of HR, legal, administration and government relations, Ma explained. Everything started in 1995, during a trip to the USA, when Jack Ma learned for the first time about website portals and Internet. Mas tolerance of failure is strategic. His famous 10/100/1,000 rule reinforces Tencents user-rst philosophy. Under Mas leadership Tencent greatly expanded its offerings to provide users with a range of what the company described as online lifestyle services. In addition to instant messaging, those services included e-commerce sites, online media outlets, gaming and other interactive entertainment, social networking sites, online advertising, and online payment processing. Yang Huiyans riches evaporate as her Country Gardens stock plunges 84% amid real estate squeeze. 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. Also called the "authoritarian style of leadership," this type of leader is someone who's focused primarily on results and team efficiency. 4. 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