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]. April 6, 2021. As the founder of the entertainment giant Tencent, Ma Huateng (or Pony Ma, as he's better known) ranks as one of the richest people on the planet. Mas management style shifted from transactional to transformational leadership. And how do we create it? Dev. Bill Gates, Mark Zuckerberg. He dropped out of Reed College, in Portland, took a job at Atari Corporation as a videogame designer in early 1974, and saved enough money for a pilgrimage to India [39]. 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. Nine was the maximum number of samples in the list that allowed to keep a reasonable geographical balance across several geographic realms without mixing firms that were not really comparable in terms of size or level of achievements. Brief introduction to this section that descibes Open Access especially from an IntechOpen perspective, Want to get in touch? No exceptions, said Bezos. Since that time, the principle of lean manufacturing has been adopted by many firms and industries [84, 86, 87]. Northouse explained, "Transformational Microsofts initial success was based on one disruptive innovationpersonal computers and related software [66]. During the last two decades, there is an increasing number of leadership theories and frameworks. Xiaomis founder and CEO Lei Jun admitted that WeChat eclipsed his product because Tencent could release one or two versions every week. Ma Huateng is currently worth $64.6bn surpassing Zhong Shanshan who is currently at $62.5bn according to the Bloomberg Billionaire's index. 5. Ma has been compared to American investor Warren Buffett for their similar investment approaches, and often described as an "aggressive acquisitor". Then, other manufacturers of IBM-compatible PCs also turned to Microsoft in search of its products. 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 Huateng is a business tycoon, an entrepreneur, an engineer, a philanthropist, and an investor. In June 2004, Tencent raised nearly US$200 million in the capital market [94]. 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 Evolution at Tencent means the capability to improve, self-correct and stay focused. The 46-year-old magnate shies away from the spotlight, preferring to lead rather decisively from the shadows. Jack Ma is more aggressive on new initiatives and strategies whereas Pony Ma adapts a more stable strategy. 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. Changing a product in ight is tough. He reportedly owns property in Hong Kong and art pieces worth US$150 million. He summarised seven deadly sins of product managers, saying that developers undermine their products by convoluting them beyond recognition: Spending core resources and time repeatedly on the optimisation of the obvious characteristics is basically the mania of novice internet entrepreneurs.. Tencent Inc. is a Chinese IT and investment holding company that was founded in 1998. These two leadership styles shaped Tencent's markethierarchy orientation culture and teamwork\innovation orientation culture respectively. "[33] Ma Huateng seldom appears in the media and is known for his secretive lifestyle. Teams also have freedom to compete. I am still clinging to this enthusiasm [95]. In terms of actively supporting internal growth: When you go out into the workplace, you should be looking for things that you can do for your people there. Ma Huateng better known as Pony Ma is the elusive founder, chairman and chief executive of Chinas titan tech rm Tencent. Agility was their ability to do it. Jack Ma. The rm supports a mind-bending number of apps directed at improving peoples everyday digital lives, including its own version of Uber, Didi Dache. With that purpose, they devised a new type of search engine tool to track the backing links of each site. That gave Toyota an edge in terms of productivity and quality [86, 87]. 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 terms of being inspirational and a great team builder. The Oxford Dictionary defines agility as the ability to move quickly and easily, which is the foundation on which Ma built the business. Ma is a member of the 5th Shenzhen Municipal Peoples Congress and the 12th National Peoples Congress, according to the official Tencent website. In 2010 mobile use was skyrocketing: the surge was a new opportunity to exploit. 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. Tencent embraced mobile and moved with the times. Ma has an ABC AI, big data and cloud expansion strategy. Tencent chairman and cofounder Pony Ma Huatengwho was the No. 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. So, you can say Tencent not only helped Ma Huateng also known as Pony Ma to attain financial success, but it also . Ma quickly rose to the top of Chinas telecom business after the company raised $200 million in its IPO in June. Following the AOL lawsuit, Ma wanted to broaden Tencents business portfolio. Superlatives attach themselves to Pony Ma and Tencent, the Chinese technology juggernaut the 46-year-old entrepreneur cofounded and leads as CEO. Even for software as complicated as QQ, they still maintained the speed of releasing two to three versions every month. Ma Huateng has built Tencent through transformational leadership behaviours, including his vision of continuous innovation, encouragement of experimentation, and modelling that innovative spirit. Enjoy reading!! What about Tencent 3.0? Ortega first applied this approach in a bathrobe business, Confecciones Goa, company that he founded in 1963. 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. However, he definitively qualifies as a visionary leader. 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. Ma Huateng , born on October 29, 1971), also known as Pony Ma, is a Chinese billionaire business magnate. Visionary leadership style. February 22, 2019. Nine is also a number in the range of similar studies conducted in the past. Its headquarters is located in Shenzhen, China. In 2007, Alibaba.com raised US$1.7 billion dollars in its initial public offering (IPO) in Hong Kong [91]. But theyre allergic to rules. How has he created the capacity to pivot in anticipation of and response to changes? A self-confessed geek who trained in computer science, he knew about the tech people wanted to use. Corrections? Everything started in 1995, during a trip to the USA, when Jack Ma learned for the first time about website portals and Internet. 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 . 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 worlds largest Internet companies. Yang Huiyans riches evaporate as her Country Gardens stock plunges 84% amid real estate squeeze. 7. 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. 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). Closer to home, in 2010 Alibaba blocked Baidus internet crawlers from its website. In 2017, Fortune ranked him as among the top businessmen of the year. Jobs was raised by adoptive parents in Cupertino, Californiain Silicon Valley. Resilience 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. 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. London Business School takes your privacy seriously. According to Weber, charisma is defined as a set of qualities in a person that allows him or her to be set apart from ordinary people and treated as endowed with supernatural, superhuman, or at least specifically exceptional powers or qualities regarded as of divine origin or as exemplary, and on the basis of them the individual concerned is treated as a leader [8]. . With a click on a red envelope icon, gifts of money could be sent to friends and family. General Electric (GE), a multinational technology corporation, was founded by Thomas Alva Edison in 1889, in Schenectady, New York, USA. Jack Ma, the cofounder of Chinese e-commerce giant Alibaba, is said be in Hong Kong to meet friends and finance executives, the Hong Kong Economic Times (HKET) reported on Friday, citing anonymous sources. He also supports organized learning and growth inside of his firm. Internal battles, where two teams can BAT Baidu, Alibaba and Tencent are Chinas power gang. Pony Ma took his gaokao (national university entrance exams) from July 7-9, 1989 and his score was 739 (out of a possible 900). 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. The launch of WeChat is a case in point. Ineciencies and inertia creep in. Next, the chapter describes a conducted multi-case study that tested the actual possible correlation between the chosen leadership framework and the profile of the leaders of their disruptively successful corporations. 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. On this Wikipedia the language links are at the top of the page across from the article title. Ma asks people to try bravely, without hesitation, which is how WeChat came about. Including the selection of cadres, the character is very important. Finally, it would also be interesting to test how other leadership frameworks fit in the same context and how the same leadership framework fits in the different ones. On being a pioneer: In a world thats changing really quickly, the only strategy that is guaranteed to fail is not taking risks [75]. Otherwise it might lead to hearsay, libel and argument among citizens - not to mention between countries. 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. 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]. [39] However Forbes has not decreased his net worth as the shares are still listed under his name. Analysts estimate that more than two thirds of the almost 1.4 billion population use Tencent. Thomas Edison ranks in the top of almost every list of all-time greatest innovators, pioneers, and entrepreneurs. 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. Tencent subsequently gained the backing of two overseas venture-capital firms, and in June 2004 the firm raised nearly $200 million when it went public on the Hong Kong stock exchange. As the rm realised its rapid growth ambitions, Ma feared it would lose its nimbleness and become an overly complex, cumbersome giant. Innovation 4. Associate Editor, Encyclopdia Britannica. 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. Innovation has nothing to do with how many R&D dollars you have. Ia dilahirkan dari seorang ibu yang bernama Huiqing Huang dan seorang ayah yang bernama Ma Chensu. 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. Besides other studies, interviews, and papers that prove this point [55, 71, 72, 75], Zuckerberg produced a number of quotes that support this statement. Ma quickly embraced open-source software. [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. First, the ubiquitous messaging app WeChat. Under Mas guidance, it is shoring up its strategic options, investing in game-changing technologies set to be the next big thing. [30] He also worked for Shenzhen Runxun Communications Co. Ltd. () in the research and development department for Internet calling services. 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. iPhones would belong to the category of revolutionary innovations [40, 41, 42, 43]. The participative leadership style is highly effective in achieving the business goals and vision of the organization. She's been named one of Fortune's World's Greatest Leaders, Fortune's 40 Under 40, a WSJ Magazine Innovator of the Year, a Future Lion of New York by the New York Times, a Harold W. McGraw, Jr. Prize in Education winner, one of the 50 Most Powerful Women in New York by the New York Daily News, CNBC's Next List, Forbes's Most Powerful Women Away from Chinas rewalled internet garden, you can live quite happily on a diet of other digital services. [5], Being one of "Fortune world's greatest leaders",[11] Ma is known for his low profile personality as compared to fellow Chinese businessman and Alibaba founder Jack Ma's outgoing personality. 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 . 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. 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