Jack Ma appointment of Daniel Zhang offers leadership lesson

Chinese entrepreneur Jack Ma shared an important lesson in leadership when he decided to step down as chairman of Alibaba, the e-commerce company he created.


Ma has been preparing his 46-year-old protege for several years, setting the wheels in motion in 2013 when he appointed Zhang to succeed him as CEO.

In the five years since, Ma said he had observed Zhang demonstrate continued commitment to the company and prove his abilities by managing 13 consecutive quarters of “consistent and sustainable growth.”

“His analytical mind is unparalleled, he holds dear our mission and vision, he embraces responsibility with passion, and he has the guts to innovate and test creative business models,” he wrote.

Ma’s commitment to legacy planning likely stems from his early career as an English teacher in his hometown of Hangzhou, China.

“The teacher in me feels extremely proud of our team, our leadership and our unique mission-driven culture, as well as the fact that we continue to develop exceptional business leaders and professional talent like Daniel Zhang,” Ma wrote.

“Teachers always want their students to exceed them, so the responsible thing to do for me and the company to do is to let younger, more talented people take over in leadership roles so that they inherit our mission ‘to make it easy to do business anywhere,'” he wrote.

Ma was not explicit about his plans as he announced he will step back from Alibaba, but he indicated his intentions to focus more time on philanthropy in education and encouraging leadership among entrepreneurs, young people and women.

“I still have lots of dreams to pursue,” he wrote. “Those who know me know that I do not like to sit idle. I plan on continuing my role as the founding partner in the Alibaba Partnership and contribute to the work of the partnership.

“I also want to return to education, which excites me with so much blessing because this is what I love to do. The world is big, and I am still young, so I want to try new things — because what if new dreams can be realized?!”

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss:

Three lessons for entrepreneurs from inside Alibaba’s Taobao University

Alibaba’s Jack Ma thinks he knows how to save China’s ‘left-behind children’ — he’s asking other entrepreneurs to buy in

Jack Ma was inspired to create Alibaba by Malaysia’s Prime Minister Mahathir Mohamad

Source link

Leave a Comment

Unpicking the cyber-crime economy - BBC NewsSpotlight on Alibaba CEO Zhang as Jack Ma starts retirement countdown