He considered the next generation better positioned to dream up the next big product idea. Huateng is clearly a pioneer and innovator. We hope you enjoy our thought leadership. He can regularly be found sharing table on the factory floor with some of the designers, fabric experts and buyers [80]. Entrepreneurial leadership framework appears to be a suitable option for the study in terms of effectively measuring the entrepreneurial aspect in leadership, but it does not really screen or measure elements that may impact discontinuous innovation [17], which would be mandatory for the chosen context. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. In 2007, 2014,[6] and 2018, Time magazine named him one of the world's most influential people,[7] while in 2015, Forbes credited him as one of the world's most powerful people. Tencent launched its own portal (QQ.com) in 2003 and entered the online games sector. Autocratic leadership style. Ia dilahirkan dari seorang ibu yang bernama Huiqing Huang dan seorang ayah yang bernama Ma Chensu. Some Jobs words, recorded in the mentioned documentary Triumph of the Nerds [45], can give a sense of his ability for creating positive and inspirational visions [18]: To me, the spark of that (birth of personal computer industry in Silicon Valley in the early seventies) was that it was something beyond the sort of you see every day. In 2017, Fortune ranked him as among the top businessmen of the year. He Defines Failure as Giving Up: This is one of his popular leadership quality and skill that defines him a successful leader. Updates? [24][25], Ma was born in Chaoyang, Shantou, Guangdong. Childhood & Early Life. Here's an overview of eight common leadership styles, from autocratic to visionary, with a look at the benefits and challenges of each style: 1. The rm supports a mind-bending number of apps directed at improving peoples everyday digital lives, including its own version of Uber, Didi Dache. For us, it is important to choose a character, super emphasis on this one. We lack people with dreams, who can die for those dreams; For most people, they see and believe. The rm also invested US$1.8 billion (1.3 billion) in Tesla. Acad. Agility was their ability to do it. 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). Afterwards, 80 percent of the company's revenue came from deals struck with telecom operators who agreed to share message fees. Then, in 1975, Ortega started the first Zaras ready-to-wear clothing store. 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. Open Access is an initiative that aims to make scientific research freely available to all. Menlo Park hub was then succeeded by a larger laboratory in West Orange, New Jersey [53]. 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. 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]. The key leadership style of Ma Huateng is transformational, as he has been able to inspire his employees to achieve great things Autocratic leaders make all the decisions without consulting their followers. Tencent, which owns a stake in U.S. videogame company Epic Games, is one of the largest videogame publishers in the world. Ma has an ABC AI, big data and cloud expansion strategy. Innovation is the result, not the cause, he says but it is easier said than done in a rm as big as Tencent. In 2000, Ma turned to US investment firm IDC and Hong Kong's telecom carrier Pacific Century CyberWorks (PCCW) who bought 40 percent of Tencent's shares for US$2.2 million. This is related to our culture. 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 1999, Mas company launched QQ service (then called OICQ), which quickly became Chinas most popular instant-messaging platform. [31] In order to solve the problem, Ma asked for bank loans and even talked about selling the company. 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. With a click on a red envelope icon, gifts of money could be sent to friends and family. 19. [32], Talking about the founding of Tencent, he told China Daily in a 2009 interview that "If I have seen further, it is by standing on the shoulders of giants", paraphrasing a quote attributed to Isaac Newton and referencing the similarities between ICQ and OICQ. During the last two decades, there is an increasing number of leadership theories and frameworks. We believe, and then we see. Lulu Chen's book charts how the success of WeChat has placed Pony Ma's. Tencent Holdings Ltd., also known as Tencent, is a Chinese multinational technology conglomerate holding company founded by Ma Huateng in 1998. Once a poor lad who survived by guiding tourists, Jack went on to rise above his humble condition and achieve success. He registered more than 1000 patents in the US alone [53] and founded more than 300 companies [34, 35, 36, 53]. Ma Huateng has built Tencent through transformational leadership behaviours, including his vision of continuous innovation, encouragement of experimentation, and modelling that innovative spirit. By partnering with Silicon Valleys favoured few, Tencent can enjoy exclusive invitations to the global party. Tencent is the collective answer to Facebook, Apple Pay, gaming, WhatsApp, Spotify and Amazon. Ma quickly rose to the top of Chinas telecom business after the company raised $200 million in its IPO in June. On being an innovator: People think innovation is just having a good idea but a lot of it is just moving quickly and trying a lot of things [75]. Unshackled by rules, Tencent employees have freedom to act to invent, to problem solve, to wow. Its hedging its future bets. Both hubs developed a long list of innovations [53]. [19] Ma Huateng ranks fourth in the list of Forbes's China's 100 Richest, with a net worth of US$23.4 billion in December 2022. In Hong Kong, he has a rebuilt palatial mansion of 1,820 m2 (19,600 sq ft). (TIE) Zhao Changpeng (Canada) Bloomberg. He red o an email and the next day a new software release was online. Chaoyang, Shantou, Guangdong. 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. Opps.. Something goes wrong. By 1980, Gates managed to convince a large computer manufacturing multinational, IBM, to depend on Microsoft for every software related to personal computers (PCs). Otherwise it might lead to hearsay, libel and argument among citizens - not to mention between countries. On being a pioneer: Lots of companies dont succeed over time. Home > Birth Details October 29, 1971 | Chaoyang, China. 2022 The Author(s). Its about the people you have, how youre led, and how much you get it [47]. Reclusive, secretive, and reserved are words frequently used to describe him. He is said to own property in Hong Kong as well as art worth $150 million. [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]. Besides, the analyzed variables are not quantitative in nature. 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. While the leadership style of Westerners haven't evolved much in the last decade, the new generation of Chinese leaders have made a great leap forward by . Ohno observed then how customers picked up a number of items from shelves and, in turn, the supermarket quickly and precisely replenished them [84]. 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. QQ and Facebook reigned supreme in the PC era and were modied to suit mobile. Ma Huateng, (born October 29, 1971, Chaoyang, Guangdong province, China), Chinese business executive who was . The 46-year-old magnate shies away from the spotlight, preferring to lead rather decisively from the shadows. Speed 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. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. So what can the rest of the world learn from the man behind it all? Tencent has 85,858 employees, of which 46 are in a leadership position. 2004, 29, 222-240. 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 Ma said in December 2015 that Tencent would open a internet hospital in Wuzhen to facilitate long-distance diagnosis and pharmaceutical delivery. 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. BAT Baidu, Alibaba and Tencent are Chinas power gang. 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. WeChat is the worlds largest instant messaging application, with 48 percent of Internet users in the Asia-Pacific area using it in 2015. Get started for FREE Continue. Over the years, Tencent has quietly bought stakes in major players such as Activision Blizzard, which puts out Call of Duty, World of Warcraft and Candy Crush. Ma Huateng (also known as Pony Ma) chairs Chinese internet giant Tencent Holdings. Amazons Je Bezos created a similar mandate in 2002. [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. What is the profession of Ma Huateng? Over the last four decades, Apple has been involved and played a leading role in a number of disruptive and revolutionary innovations. He was born in 50 years old as of 29 October 2021. Ayahnya bekerja sebagai manajer di pelabuhan Shenzen. This chapter reviews relevant literature in order to identify the leadership framework and profile that may better characterize entrepreneurs and business leaders that eventually founded or developed disruptively successful firmspopularly known as unicorns. Next, the chapter describes a conducted multi-case study that demonstrates a strong correlation between the positive checkmarks in the selected leadership frameworkvisionary leadershipand the profile of the leaders of nine different international corporations that became industry leaders in less than 20years (Apple, Google, Microsoft, Facebook, General Electrics, Toyota, Alibaba, Tencent, and Inditex). He required complete openness and insisted that all Amazon teams plan and design service interfaces so they can be exposed to developers in the outside world. Then, other manufacturers of IBM-compatible PCs also turned to Microsoft in search of its products. Charismatic leaders emerge in times of instability, change, or crises, but many critics argue that charismatic leaders tend to forget the groups benefit and try to gain most of the attention for themselves. Ma Huateng , born on October 29, 1971), also known as Pony Ma, is a Chinese billionaire business magnate. Jack Ma is more aggressive on new initiatives and strategies whereas Pony Ma adapts a more stable strategy. My job is to create a space for them, to clear out the rest of the organization and keep it at bay [46]. Including the selection of cadres, the character is very important. As of 2015[update], WeChat (, Weixin), is the largest instant messaging platform in the world, used by 48 percent of Internet users in the Asia-Pacific region. Eventually, it is interesting to notice that many other leaders analyzed in this study also are, apparently, introvert, e.g. The article Entrepreneurial leadership: developing and measuring a cross-cultural construct [17] compares all the theories about leadership and entrepreneurship. Gates is as introverted, similar to Larry Page [45, 55] and, definitively, he is not as charismatic as Steve Jobs [39, 45, 71, 72], but, still, he has been equally visionary. Satya Nadella is a leader on the risefor the last five years, he's served as the CEO of Microsoft, quickly earning a name for himself in the world beyond tech. By mlavoie on June 1, 2019. Please enter a keyword and click the arrow to search the site, How the man behind the Chinese goliath keeps innovating. Younger employees understand what people want. Internal battles, where two teams can He applied the term transformational instead of transforming. Bass argued that transformational leadership has four constitutive parts [6, 7] which are (1) idealized influence, (2) inspirational motivation, (3) intellectual stimulation, and (4) individualized consideration. He is the son of Ma Chenshu and Huang Huiqing. Bill Gates, Mark Zuckerberg. Evolution Then again, innovation takes many forms. Under Mas guidance, it is shoring up its strategic options, investing in game-changing technologies set to be the next big thing. Steve Jobs ranked top in the list of the 20 most influential Americans of all times [34]. 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]. Employees share insights, software and entire bodies of code from other parts of the business. The innovation is the latest to integrate WeChat into peoples everyday lives cementing its status as the app for everything. League Business Leader. 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. Jack Ma, originally Ma Yun, (born September 10, 1964, Hangzhou, Zhejiang province, China), Chinese entrepreneur who was head of the Alibaba Group, which comprised several of China's most popular Web sites, including the business-to-business marketplace Alibaba.com and the shopping site Taobao.com. As the biggest gaming company in the world, Tencent certainly has global reach, even if people dont yet know it. He didnt have grand ambitions to build a great enterprise. [Nikola] Tesla invented the electric power we use, but he struggled to get it out to people. Visionary leadership is comparable to Lewin's authoritative leadership style. There is some dispute among scholars regarding the quality of Pages leadership strength, especially during his early tenure [56]. Creating back doors was a ring oence. Leader influence on followers Jack Ma was a charismatic leader that influences his follows; they used to find his a credible source of information so they trust every word he says. In 2016, Apple ranked number 1 in the world in terms of market capitalization. Zero-Covid rules, geopolitical tensions and a sliding yuan reshape Chinas growth outlook. How has he created the capacity to pivot in anticipation of and response to changes? Tencent embraced mobile and moved with the times. While its Western peers face further scrutiny on privacy, Tencent is less restricted. 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 China is home to the world's second-largest number of billionaires after the United States. 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. You need resilience to keep you on the ball. Ma gave Zhang permission to go ahead despite other teams, including QQ, plugging away on similar products. Profiles. 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 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. On the back of ballooning mobile use by 2012 China could boast that 89% of the population were users, more than in all European countries combined WeChat soared. If your idea of a good time is a euphoric party, now is the time for Dominica. 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. (sometimes unknowingly) work on variations of the same product lines, can create waste. Since that time, the principle of lean manufacturing has been adopted by many firms and industries [84, 86, 87]. It is the biggest mobile gaming franchise in the world, surpassing the revenues of Microsoft and Sony. 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]. Tencent lost the case and had to relinquish the domain names. Skill based approach emphasizes the leader's technical, human, and conceptual. Even for software as complicated as QQ, they still maintained the speed of releasing two to three versions every month. [31], Along with four other classmates, Ma Huateng went on to co-found Tencent in 1998. View our Privacy Policy to learn more. 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. Mandi is an experienced writer on various topics with a passion for telling stories with words. 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 . 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]. Alibabas business model bets a revolutionary innovation: Mas belief that the small-business-to-small-business online market offered much greater opportunity than the consumer-to-consumer one, the reason being that, unlike consumers, small businesses are willing to pay a membership fee [91]. Tencents third source of revenue is an ecosystem built around its one billion users. This type of leadership is best used when there is a big change in the company or a clear direction is needed. Tencent also offers web portals, e-commerce, and multiplayer online gaming, among other things. [31] Inspired by the idea, Ma and his team launched in February 1999 a similar software, with a Chinese interface and a slightly different name OICQ (or, Open ICQ). Its now vogue to call customers users. On being a supporter of organized learning and growth inside the organization: I think as a company, if you can get those two things righthaving a clear direction on what you are trying to do and bringing in great people who can execute on the stuffthen you can do pretty well [75]. If Tencents success in the early 2000s lets call it Tencent 1.0 was due to replication, that of Tencent 2.0 was down to incremental innovation. I try to focus on that: What is the future really going to be? Tencent started based on a revolutionary innovation, Internet-based QQ service. Not in China. From mobile payments to taxi hailing, users can live their lives on one app. Tencent chairman and cofounder Pony Ma Huatengwho was the No. In regard of the reasons why this type of profile is required in the studied context, one may be the fact that, in the case of disruptive innovation, nobody, even clients, may be able to forecast or imagine items such as the final functions and aspect of the products, the expected demand, and other features. Tencent's popular social messaging app WeChat has more than 1 billion users. In 2003, Tencent released its own portal (QQ.com) and made forays into the online games market. Resour. Ma now sits atop the world's fth most valuable public rm, worth US$556 billion (402 billion). They dont have to unlearn bad habits. Its based on principles of collaboration, unobstructed discovery, and, most importantly, scientific progression. He is the co-founder and chief executive officer of Tencent Holdings, a Chinese technology conglomerate and holding company that is best known for its instant messaging app WeChat and also for mobile gaming. WeChat, a mobile instant-messaging application that was introduced in 201, soon gathered 650 million users [94]. Instagram: biographyscoop. Red Packets are a good example. 111, "Ranked: Most Powerful People In The World, 2020", "Tencent's Pony Ma is Asian tech spaces' new Warren Buffett", "Internet mogul Pony Ma named most generous Chinese philanthropist", "Tencent Rally Adds Billions to Chairman's Philanthropy Pile, Highlights China Influence", "China Billionaire Horse Race: Tencent's Ma Huateng Is Asia's Richest Again", "Asia's Tech Scene Gets a New Warren Buffett", "After Alibaba Holdings, Tencent makes first investment in Indian firm", "Asia's Richest Man Jack Ma Has Become Much Wealthier This Year - See The Number", "Tencent Chief Overtakes Wanda's Wang as China's Second-Richest Person", "Ma Huateng became one of the top 10 richest men in the world, surpassing Larry Page and Sergey Brin", "Tencent's Ma Huateng is China's second-richest man on WeChat mania", "Tencent's Ma becomes China's second-richest man", "Tencent: The Secretive, Chinese Tech Giant That Can Rival Facebook and Amazon", "Pony Ma Biography - life, family, name, young, born, time, year, Career, Sidelights - Newsmakers Cumulation", "Language Log A New Morpheme in Mandarin", "Tech in Asia - Connecting Asia's startup ecosystem", "Internet Users In Malaysia Are More Active On WhatsApp And Facebook Than Those In US, UK And China [REPORT]", "What are the next big things in the world of high technology? 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. The company's first product came after Ma participated in a presentation for ICQ, the world's first Internet instant messaging service, founded in 1996 by an Israeli company. As Steve Jobs, Mas idol, once quipped, If you dont cannibalise yourself, someone else will. Ma now sits atop the worlds fth most valuable public rm, worth US$556 billion (402 billion). Besides other studies, interviews, and papers that prove this point [55, 71, 72, 75], Zuckerberg produced a number of quotes that support this statement. As a world, were doing a better job of that. Mas visionary leadership is as uniquely prolific as that of Edison and Jobs. A widely accepted framework developed and tested by Conger and Kanungo [10, 11, 12, 13] defines four characteristics in charismatic leaders: (1) possessing and articulating a vision, (2) willing to take risk to achieve the vision, (3) exhibiting sensibility to the needs of followers, and (4) demonstrating noble behavior. Many other tech rms, such as Facebook when it acquired WhatsApp and Instagram, have legitimised internal competition. 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. Tencent. Eventually, during the last two decades, this model helped Google to be involved in a relevant number of discontinuous innovations, including Android, YouTube, Google Books, and Google Maps, and some continuous ones, such as Chrome or Gmail [54, 55]. (Co-founder and Former Executive Chairman of 'Alibaba Group') Jack Ma is a Chinese businessman, investor, and philanthropist. It can be observed that, in 89% of the cases, the leaders either outperform their already outperforming firms, in terms of value rankingsBill Gates, Mark Zuckerberg, Amancio Ortega or enjoy even more prestige and recognition than the companies that they started up. He is the founder, chairman and chief executive officer of Tencent, one of the most valuable companies in Asia, one of the largest internet and technology companies, and one of the biggest investment, gaming and entertainment conglomerates in the world. Leadership style and approach Ma Huateng pursues the leadership styles which aids in running his company in a successful way. Tencent provides mass media, Internet and mobile phone value-added services including web portals (QQ.com), social networks, popular instant messenger (Tencent QQ), online games, e-commerce, and series of . Liqing Zeng looked like a boss and thats why we asked him to take care of sales and marketing. It was a revolution. 7. This model gave Ohno ideas on how to reduce inventory and simplify assembly lines [84, 86, 87]. 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]. Based on this history, there is no doubt that Taiichi Ohno was a visionary, an innovator, and a pioneer [18]. Ohno ideas on how to reduce inventory and simplify assembly lines [ 84 86. New Jersey [ 53 ] the quality of Pages leadership strength, during... Has a rebuilt palatial mansion of 1,820 m2 ( 19,600 sq ft ) the last four decades, Apple been! [ 17 ] compares all the theories about leadership and entrepreneurship about selling the company provided users with a on... Long list of the world the article Entrepreneurial leadership: developing and measuring a construct. 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