How could Jack Ma fix the main mistake of his life?



    On June 17, 2016, the SPIEF 2016 guest, Jack Ma , the legendary creator of the largest e-commerce services on planet Earth, Alibaba group of companies, said that the creation of this company was the main mistake in his life .

    Read more about this statement here . And in this post we will analyze what can be offered to dear Jack Ma as a solution to the current situation. Errors can and should be somehow corrected. Let's analyze and find the solution to Jack Ma's “main mistake of life”!

    General conditions of the task:
    Alibaba has become the largest e-commerce platform in China (in all three segments: b2c, b2b, c2c). Alibaba's subsidiary project AliExpress in Russia has become the largest e-commerce product in Russia, followed by e-bay, then Ozon ... The company has enough money and responsibility.

    Jack Ma said that having such a responsibility and such a big business, big capital, he bears a huge responsibility and is forced to devote all his time to the work of the company to ensure its quality development.

    There is a trend. Recently, in March, Sergey Galitsky, the founder of Magnit, the largest retail chain in Russia, made a similar statement. He said that “he was tired of work and would rather take up football if he could quit business” and “I have nowhere to go, I don’t see who I could give away.” Successful businessmen who have achieved absolute leadership in their topic are weary of routine.

    When I heard Jack Ma's statement, I had an idea how these two most talented entrepreneurs can solve their personal issues beautifully, while at the same time improving the quality of their own business development and opening up business opportunities for entrepreneurial communities both in China and in Russia. And not only in the field of e-commerce or retail ...

    Quotes Ma (consider additional criteria and conditions for solving the case):
    • “My biggest mistake is that I created Alibaba. I didn’t think that this would change my life so much, I was just trying to create a small company. However, this company has become so large, ”he said.
    • According to Ma, because of work, he has "no life." “I want to live on my own, I want to enjoy my life,” complained the founder of the company.
    • “And if I have the next life, I will never be engaged in such a business <...> I want me to have the opportunity to go to any country in the world and spend calm time there. I don’t want to talk about business, I don’t want to work, ”concluded Ma.
    • At the same time, the founder of Alibaba called the creation of "an electronic corridor that will support all enterprises in the world" as his main dream.

    Solution: What could Jack Ma do?
    1) To establish a trust or Alibaba Holding holding , which will manage Alibaba, will take all of his approaches and values, Jack Ma, but will be institutionalized and will not depend on one person, his time, energy and mood.
    2) To profit from Alibaba, it is necessary to establish an investment fund “Alibaba Ventures” , which will invest in technology companies in China, Russia, and the world. Alibaba is an ideal investor for many Russian start-ups and IT companies: Habrahabr.ru (Alibaba could become a partner in entering the Chinese market), LinguaLeo (the Chinese market learning English is larger than the rest combined), Promobot (China also needs robots, and they are produced in Russia) and so on ...
    3) To ensure continuity of organizational culture and quality of professionalism of all staff and the holding companies organize corporate university "Alibaba Academy" and a part of the trust fund money and invest in its creation and development, training of all professionals of its same companies their professions.

    What is the use of this approach to correcting a major mistake in Ma’s life?
    • Alibaba is growing further, efficiently and on the same principles
    • Ma is free, and will be able to devote time to herself, family, grandchildren
    • personally, Ma and Alibaba will begin to invest in the development of communities, in training for professions that are needed as an environment so that Alibaba itself grows and companies similar to it appear
    • Alibaba will invest through the fund in new technology companies in China, Russia and around the world
    • Ma and Alibaba’s investments in Russian companies are very profitable for everyone: they are not highly valued now, while their technological and engineering potential is high, Ma and Alibaba can help them enter the Chinese market where there are no such products, Ma’s investments can help these companies become truly international projects (to enter not only China and the markets of Southeast Asia, but also Europe, the markets of North and South America, and other markets).

    So, Ma and, by analogy, Galitsky could create a trust to manage their companies, and a venture fund that will invest in projects of technology entrepreneurs. Galitsky, you can create a holding, train employees to level the “human factor”, which is a lot in grocery retail, automate everything automated, and then enjoy your football!

    What can you add to the above?

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