WeChat is the worlds largest instant messaging application, with 48 percent of Internet users in the Asia-Pacific area using it in 2015. Bachelor of Arts/Science, Shenzhen University. 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. 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. The study described in this chapter explores how some leadership models may be linked to some exceptional occurrences, such as disruptive success. This label can be applied to startups or more maturebut not yet elitecompanies that, at some point, grew fast and became world leaders in a period of less than 20years. 2 on China's 100 Richest last yearsaw his net worth tumble to $49.1 billion this year, as Beijing tightened rules on the countrys internet companies. Its hedging its future bets. Ma studied computer science at Shenzhen University, where he earned (1993) a Bachelor of Science degree. Table 1 summarizes the findings on rankings associated with the four above-mentioned features. In the case of the selected framework, the results are the ones that tell if this choice was right. . Huateng is the chairman, founder, and CEO of Asia's most valuable company and also one of the largest internets and technology companies across the globe Tencent. Skill based approach emphasizes the leader's technical, human, and conceptual. These labels define a concept different than Christensens. By partnering with Silicon Valleys favoured few, Tencent can enjoy exclusive invitations to the global party. Ma Huateng better known as Pony Ma is the elusive founder, chairman and chief executive of Chinas titan tech rm Tencent. 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. Jobs was raised by adoptive parents in Cupertino, Californiain Silicon Valley. 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. By setting the right cultural tone. Reclusive, secretive, and reserved are words frequently used to describe him. 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]. After purchasing ICQ in 1998, AOL initiated an arbitration against Tencent with the National Arbitration Forum in the United States, alleging that OICQs domain names OICQ.com and OICQ.net were infringing on ICQs trademark. Finally, Ortega saw an opportunity of appealing to a much broader audience by selling garment at extremely competitive prices. These two leadership styles shaped Tencent's markethierarchy orientation culture and teamwork\innovation orientation culture respectively. He reportedly earned $176 per month. Yang Huiyans riches evaporate as her Country Gardens stock plunges 84% amid real estate squeeze. 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. Here are further demographic highlights of the leadership team: The Tencent executive team is 50% female and 50% male. 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. Opps.. Something goes wrong. For leadership, we have to see things that other people dont see [92]. The participative leadership style is highly effective in achieving the business goals and vision of the organization. As Steve Jobs, Mas idol, once quipped, If you dont cannibalise yourself, someone else will. 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. 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 . 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]. But, as it matured, Ma felt the risk of the rm falling into bad habits weigh heavy. Speaking at the Tsinghua Management Global Forum in 2016, Ma pointed to Tencents early days as a classroom for culture. Back in 2016, he reportedly . You have to combine both things: invention and innovation focus, plus the company that can commercialize things and get them to people [59]. Tencent is among the largest video game, social media, venture capital, and investment corporations in the world [93]. In those days, Toyota was much less productive than its Detroit-based competitors, the Big ThreeGeneral Motors, Ford, and Chrysler [83]. Alibaba and Tencent have repeatedly clashed over the same turf. Both hubs developed a long list of innovations [53]. Ma Huateng is the Chinese Billionaire Co-Founder, CEO, and Chairman of Tencent, one of Asia's largest technology companies. 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. WeChat CEO Recent News and Activity Number of News Articles 12 News Apr 1, 2021 Forbes Tencent CEO Ma Huateng Is Back On Top As China's Richest Person News Mar 2, 2021 Apple Inc., a multinational technology company, was founded by Steven Paul Jobsknown as Steve Jobsin 1977, in Los Altos, California, USA [38]. What do they fundamentally do wrong? He didnt have grand ambitions to build a great enterprise. Ma changed the softwares name to QQ in December 2000. By giving the project the green light, Ma, in eect, gave Zhang full licence to cannibalise the existing QQ product. Owing to its continual innovation, its a fearsome competitor and has long sat at the same table as Western tech giants. Ma upgraded the messaging platform by allowing QQ users to send messages to mobile phones as the pager market declined. The original term transformational already implies the existence of some entity that experiences transformation, and it is not so suitable in the context of completely new startups [7, 19]. Pony Ma Huateng (second left), chairman of Tencent Holdings Ltd, answers questions at a news conference on the sidelines of the two sessions. This is related to our culture. Ma Huateng is a business magnate, an entrepreneur, an engineer, a philanthropist, and an investor. There are few companiessimilar to Apple, Microsoft, or Googlethat are really disruptively successful over the span of, for instance, a decade, so it is not possible to collect enough samples as to conduct a statistical study. Rudy Ma, the founder of financial services company Yuanta Financial Holdings, died Tuesday evening at age 82. 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]. He reportedly owns property in Hong Kong and art pieces worth US$150 million. This leadership style shaped Tencent's market/hierarchy orientation culture and teamwork/innovation orientation culture respectively. Youve got no business in the workplace if you are just there to be there. The battleground is vibrant. Also called the "authoritarian style of leadership," this type of leader is someone who's focused primarily on results and team efficiency. [43] References [ edit] During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. 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. Mas management style shifted from transactional to transformational leadership. The rm supports a mind-bending number of apps directed at improving peoples everyday digital lives, including its own version of Uber, Didi Dache. London, SW7 2QJ, Inditexs supply chain operations focus on three aspects: maximizing resources used, minimizing inventory, and minimizing lead times [78]. 4. It was even risky, he thought, to rely too much on the founding team. 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. Chinas giants are famous for plucking the best from the West and localising products for a home crowd. He is said to possess property in Hong Kong as well as art items worth . Plenty of seemingly bulletproof businesses Dell, HP, Kodak, Blockbuster have lost their edge by failing to adapt. Spain. 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]. Ma now sits atop the worlds fth most valuable public rm, worth US$556 billion (402 billion). Ma Huateng is also the youngest amongst the first 15 multi-billionaires in the world. Home > In 1999, Alibaba Group, an online trading company, was established by Jack Ma, a former English teacher, in Hangzhou City, China [90]. 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. Amancio Ortega has guarded his privacy so jealously that his company only released a photograph of him when the firm was first listed [82]. A year later the company launched the Internet-based QQ service (then called OICQ), which soon became one of Chinas most-popular instant-messaging platforms. The article concludes that leadership style impacts corporate culture and that the evolution of leadership style has an impact on corporate culture change. To date our community has made over 100 million downloads. Employees become disengaged. 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. Resilience The article Characteristics of Visionary Leadership highlights the relevance of certain management traits in the context of greenfield projects and then associates the following attributes to those of a visionary leader [18]: (1) creators of a positive and inspirational vision, (2) supporters of organized learning and growth inside the organization, (3) innovators, and (4) pioneers. Hum. So what can the rest of the world learn from the man behind it all? While every effort has been made to follow citation style rules, there may be some discrepancies. But Tencent came of age before mobile. By 1869, he thought that he had made enough progress with a duplex telegrapha device capable of transmitting two messages simultaneously on one single wireand abandoned telegraphy for full-time entrepreneurship. Once a poor lad who survived by guiding tourists, Jack went on to rise above his humble condition and achieve success. He is the founder, chairman. 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. This model gave Ohno ideas on how to reduce inventory and simplify assembly lines [84, 86, 87]. For us, it is important to choose a character, super emphasis on this one. [42], Ma Huateng's wealth comes from the 9.7 percent stake in Tencent Holdings. 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. Exxon Mobil, Berkshire Hathaway, Wells Fargo, and Johnson and Johnson [29]. Multiple theorical and practical studies indicate that the longitudinal multi-case approach is the best one in terms of properly investigating the results of qualitative inputs [23, 24, 25, 26, 27, 28]. Email: 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. 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. 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. 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]. 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. Tencent wants to enable greater connectivity across Chinese industry, leveraging the capabilities and expertise it has built to serve the billion-plus users of its consumer-facing platforms,. Put the behemoth side-by-side with the likes of Facebook and Google and critics would argue that its an unfair comparison. They called the new search engine Googlea name derived from a misspelling of the word googol [48]. Tencent cofounder Ma Huateng (also known as Pony Ma) led the dive with a $6.1 billion wealth plunge, followed by Nongfu Spring Chairman Zhong Shanshans $5.6 billion and Country Garden Co-chairman Yang Huiyans $4.7 billion. Is a business magnate, an entrepreneur, an entrepreneur, an entrepreneur, an,. 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With 48 percent of Internet users in the Asia-Pacific area using it in 2015,.

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