The one characteristic which defines the quality of the entrepreneur is the abil

Question

The one characteristic which defines the quality of the entrepreneur is the ability take decisions, this shows the morale and ability to perform with the sane mind, which would further help in the growth of one's business. Jack ma, a legend, who is on the peak right now, whose inspiring stories are read by millions of people, that is due to the struggle what he had gone through and the ability to analyse the situation and take the further decision. His this ability has helped him to take proper decisions which have helped him to overcome difficult hurdles.

The first instance which shows the decision-making ability of Jack Ma is the name of the online portal, he wanted it to be catch name, which people could not forget, hence relating to the famous Arabian night's tale - Alibaba and 40 theives, he named the online B2B and B2C portal as Alibaba. Second best decision was to introduce AliPay, They had some issues for payment facility for B2B portal, and Alibaba had some issues with Bank, hence he decided to introduce the Alipay, where today more than 100 million buyers come daily and transact, where it helped to save a huge amount.

Another big decision was to introduce Taobao, which was free to use, users could list their products at free of cost and no transaction cost was added, it was introduced when eBay entered China and booked all slots with major advertisement agency for the internet. Jack MA advertised this on TV, as he anticipated that the small business owner would see the Tv more often than logging on internet, This has helped Alibaba to stay unaffected from the eBay's entry in Chinese market

Explanation / Answer

Write 3-4 paragraphs about Jack Ma analytical decision making  

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.