His famous 10/100/1,000 rule reinforces Tencents user-rst philosophy. In January 2018, WeChat launched a pilot digital ID scheme, allowing citizens to link their national identity to the platforms facial recognition app. This leadership style shaped Tencent's market/hierarchy orientation culture and teamwork/innovation orientation culture respectively. He is said to own property in Hong Kong as well as art worth $150 million. Table 1 summarizes the findings on rankings associated with the four above-mentioned features. A charismatic leader is a person, who has the ability to influence people and who, consequently, has some controlling power over them [9]. 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. [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. Ma Huateng was born in Badagang, Guangdong (now Dongfang City), China, on October 29, 1971, into a humble household. 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. [8][9] In 2018, he was named one of the "Most Powerful People In The World" by the CEOWORLD magazine. Jack Ma is more aggressive on new initiatives and strategies whereas Pony Ma adapts a more stable strategy. 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 ", 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. Ma Huateng is a business tycoon, an entrepreneur, an engineer, a philanthropist, and an investor. Ma believes that innovation follows the other six principles agility, openness, user rst, speed, resilience and evolution. Unlike the previous cases, Toyota was not a startup at the time of its disruptive success and Ohno was not its founder. That gave Toyota an edge in terms of productivity and quality [86, 87]. Tencents attention to speed has long had its rivals green. They called the new search engine Googlea name derived from a misspelling of the word googol [48]. Established Western platforms such as Facebook are embedded in peoples crystal-screen portable friends. The battleground is vibrant. Zhang was concerned that Kik or similar products could rival Tencents QQ. The article concludes that leadership style impacts corporate culture and that the evolution of leadership style has an impact on corporate culture change. Tencent embraced mobile and moved with the times. By mlavoie on June 1, 2019. 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. Dev. But, as it matured, Ma felt the risk of the rm falling into bad habits weigh heavy. Then again, innovation takes many forms. On this Wikipedia the language links are at the top of the page across from the article title. At a tech conference in Singapore, I discussed censorship. As a youth in A Corua, Galicia, in northwestern Spain, Amacio Ortega gained an entry into the garment business by working as a delivery boy for a mens shirt store and assistant in a tailors shop. 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]. [33], After AOL (America Online) bought ICQ in 1998, the company filed an arbitration against Tencent with the National Arbitration Forum in the United States, claiming that OICQ's domain names OICQ.com and OICQ.net were in violation of ICQ's trademark. In 2010, Ma imitated Microsoft by forming two competitive engineering teams and assigning them the task of developing a new product. He believes in leading a transformational leading style by giving an affable environment to his employees. 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. This model gave Ohno ideas on how to reduce inventory and simplify assembly lines [84, 86, 87]. 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). The rm also invested US$1.8 billion (1.3 billion) in Tesla. Unlike other studies [1, 2, 3, 30, 31, 32], the presented multi-case study focuses on a very specific business context: that of the creation of exceptionally successful firms such as Apple, Google, Facebook, or Tencent. 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. Pony Ma's leadership style can be as unusual as his nickname. In 2003, Jack Ma created a new company, the consumer-to-consumer online marketplace Taobao (meaning Chinese in searching for treasure). In May 2005, Facebook received additional money from a venture capital firm (US$12.7 million) [74]. Ma quickly discovered that it was his job to keep bureaucracy at bay. Tencent has 85,858 employees, of which 46 are in a leadership position. [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. By 1889, he had full ownership or participation in many electricity-related companies that got then merged. Besides, the analyzed variables are not quantitative in nature. Alibaba and Tencent have repeatedly clashed over the same turf. But imitation, when executed well, is a valid form of innovation. [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. The launch of WeChat is a case in point. 2023 Forbes Media LLC. Among other achievements, Mark Zuckerberg reached the top five in the list of wealthiest people on earth [33]. Looking at the history of Alibaba, Jack Ma is good at adapting new strategies to gain . Its based on principles of collaboration, unobstructed discovery, and, most importantly, scientific progression. In the case of the selected framework, the results are the ones that tell if this choice was right. They write new content and verify and edit content received from contributors. Ma Huateng. Evolution at Tencent means the capability to improve, self-correct and stay focused. Tencent's popular social messaging app WeChat has more than 1 billion users. However, he definitively qualifies as a visionary leader. A recurring leadership style in this paper is the transformational le adership style which, according to Northouse (2004), is "one of the current approaches to leadership that has been the focus of much research since the early 1980s" (p. 169). 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. Under Mas guidance, it is shoring up its strategic options, investing in game-changing technologies set to be the next big thing. 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]. Ma sensed this threat: Some say that mobile internet just means adding mobile in front of the internet as an adjective, but I felt it was more than an extension. Published Wed, Oct 23 2019 12:35 PM EDT Updated Tue, Feb 25 2020 5:06 PM EST. In essence, Googles business model has been labeled as continuous disruptive innovation [51] or continuous innovation [50]. Neat. He also supports organized learning and growth inside of his firm. He red o an email and the next day a new software release was online. 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. As Steve Jobs, Mas idol, once quipped, If you dont cannibalise yourself, someone else will. Two months later, one team presented WeChat, a text messaging and group chat software that was released in January 2011. Jade Scipioni @JadeScipioni. Chuanzhi, Zhang Ruimin, Ma Yun (Jack Ma) and Ma Huateng (a description of the five companies and their leaders is provided on page 4). 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. 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. How has he created the capacity to pivot in anticipation of and response to changes? Ma Huateng is renowned for his reclusive lifestyle and seldom appears in public. In 2010 mobile use was skyrocketing: the surge was a new opportunity to exploit. Ma Huateng, (born October 29, 1971, Chaoyang, Guangdong province, China), Chinese business executive who was cofounder and CEO (1998- ) of Tencent Holdings Ltd., one of the world's largest Internet companies. Ma Huateng , born on October 29, 1971), also known as Pony Ma, is a Chinese billionaire business magnate. The 46-year-old magnate shies away from the spotlight, preferring to lead rather decisively from the shadows. Part of WeChats early success was its likeness to WhatsApp and Kik, designed for the smartphone. This type of leadership is best used when there is a big change in the company or a clear direction is needed. Our team is growing all the time, so were always on the lookout for smart people who want to help us reshape the world of scientific publishing. The only large-enough Western European disruptively successful company that also met the criteria was the Spanish firm Inditexnumber 67 as per market capitalization [29]. The innovation is the latest to integrate WeChat into peoples everyday lives cementing its status as the app for everything. [43] He owns a redeveloped palatial residence of 1,820m2 (19,600sqft) in Hong Kong.[43]. Reshma Saujani, as shown above, is a champion for girls and women. 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]. Its about the people you have, how youre led, and how much you get it [47]. The interesting question is whether it needs to go global. The Oxford Dictionary defines agility as the ability to move quickly and easily, which is the foundation on which Ma built the business. 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 These two leadership styles shaped Tencent's markethierarchy orientation culture and teamwork\innovation orientation culture respectively. Googles innovation model is based on a hubGoogleplexthat attracts talent; this is the same model than Edisons [50, 52, 53]. 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. Again, Zuckerberg is as charismatic as Jobs or Edison [39, 45, 71, 72]. [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). The power of cross-cultural collaboration, Leading digital transformation: what you must know, Discover fresh perspectives and research insights from LBS. Ma Huateng Overview CB Rank (Person) 260,188 Jobs Number of Current Jobs 1 Ma Huateng is the CEO at WeChat. [32][37], Other diverse services provided by Tencent include web portals, e-commerce, and multiplayer online games. He is the founder, chairman, and CEO of Tencent, which is China's most valuable company. As PhD students, we found it difficult to access the research we needed, so we decided to create a new Open Access publisher that levels the playing field for scientists across the world. Facebook: thebiographyscoop Ma completed his remaining schooling from there and found a keen interest in computer technologies. The second is to look at professional ability and coordination, intelligence and so on. Miliao could only release one version per month, he noted. Several quotes from Larry Page that highlight his visionary skills are as follows: On being an inspirator: What is the one-sentence summary of how you change the world? Agility In terms of being inspirational and a great team builder. Finally, Ortega saw an opportunity of appealing to a much broader audience by selling garment at extremely competitive prices. The conclusion of this article is beneficial to the firm and its leaders in terms of using leadership style to shape the culture, which corresponds to the stage of development and to promote the companys long-term development. Its business roughly splits into three. 10 principles for great leadership, according to Disney's Bob Iger. Openness also means sharing. [34] With the pager market declining, Ma improved the messaging platform by allowing QQ users to send messages to mobile handsets. However, 2years later, he closed his first company because of strong competitors such as Chinesepage [91]. So Ma created Seven principles agility, openness, user rst, speed, resilience, evolution and innovation to guide product creation. China, Tencent Holdings Limited; Ma Huateng. Past attempts at breaking the international market alone havent fared well. In 1976, back in Silicon Valley, Steve Jobs and his former friend, Stephen Wozniak, worked on a computer design of their own, the Apple I [39]. Birth Details October 29, 1971 | Chaoyang, China. Thats why we allow those who understand the needs of younger users to do the job, said Ma. 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. 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. Microsofts initial success was based on one disruptive innovationpersonal computers and related software [66]. Tencents third source of revenue is an ecosystem built around its one billion users. As organisations grow larger they often become insular and bureaucratic. Rudy Ma, the founder of financial services company Yuanta Financial Holdings, died Tuesday evening at age 82. [24][25], Ma was born in Chaoyang, Shantou, Guangdong. Otherwise it might lead to hearsay, libel and argument among citizens - not to mention between countries. 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