•   
  •   

MoneyLongevity in business, and the bedroom: As Jack Ma retires, his top business tips live on

08:00  11 september  2019
08:00  11 september  2019 Source:   smartcompany.com.au

Inside Bindi Irwin and Chandler Powell's $1.2million love nest: Newly-engaged couple 'are close to buying' a spectacular five-bedroom mansion on the Sunshine Coast

Inside Bindi Irwin and Chandler Powell's $1.2million love nest: Newly-engaged couple 'are close to buying' a spectacular five-bedroom mansion on the Sunshine Coast Bindi Irwin and Chandler Powell are believed to be house-hunting on Queensland's Sunshine Coast. Pictured on May 3, 2019 in Beverly Hills Bindi Irwin and Chandler Powell are believed to be house-hunting o The newly-engaged couple have set their sights on a $1.2million mansion in the foothills of Mount Mellum, according to Woman's Day. They are reportedly 'close to purchasing' the five-bedroom home, after spending weeks searching for the perfect property in which to 'raise a family'.

After 20 years, Jack Ma is stepping down as chair of Alibaba. But, what are the best things he taught business owners over the years? While some are wise and poignant, others are a tad confusing, even straying into the bedroom on occasion. And while we can’t promise to live by all Jack Ma ’s

“Inactivity is criminal”: Calls to focus on profits, not purpose, rejected by Aussie business . smartcompany.com.au.

Longevity in business, and the bedroom: As Jack Ma retires, his top business tips live on© Provided by Private Media Operations Pty Ltd. Jack Ma

Alibaba founder, former chief and long-time chair Jack Ma is stepping down from the business, handing over the reins to current chief executive Daniel Zhang.

It’s a move that has been 12 months in the pipeline, and while it hasn’t taken anyone by surprise, we still look back on the Ma era — and some of the pearls of wisdom that came out of it — with mixed feelings of respect, amusement and pure befuddlement.

Founded in 1999, the Chinese e-commerce platform listed on the New York Stock Exchange in 2014, and now has a market cap of about $US456 billion ($665 billion).

Twitter suspends SMS feature after CEO Dorsey’s account was hi-Jack-ed

Twitter suspends SMS feature after CEO Dorsey’s account was hi-Jack-ed Twitter has temporarily suspended the ability to tweet via SMS following high-profile hack of its CEO Jack Dorsey and a number of celebrities. “We’re taking this step because of vulnerabilities that need to be addressed by mobile carriers and our reliance on having a linked phone number for two-factor authentication,” the company said. However, the social blogging platform did not provide a timeline for when the feature would be reinstated, but added that it will first reactivate it in markets that “depend on SMS for reliable communication.

Longevity in business , and the bedroom : As Jack Ma retires , his top business tips live on . Million thanks to Mr. Brain and his broker for trading for me. All I did was to invest 0 and within 7 day he made ,800 profit for me.

Jack Ma , the founder of Alibaba Group, at an award ceremony for rural teachers in Sanya, in China’s Hainan Province. Mr. Ma has said he will devote his time to philanthropy, especially rural education.Credit Reuters.

And, to mark the 20th anniversary of the business, new chair Zhang has already issued a refresh of the company’s values, reiterating its intent to be a “good company that will last 102 years”.

The new values include a promise to put customers first, employees second and shareholders third. It also a claims trust makes everything simple and says change is the only constant.

But, it also urges employees to be better, saying “today’s best performance is tomorrow’s baseline” and instructing them to “live seriously, work happily”.

This new direction ushers in a new era for Alibaba, but also marks a continuation of its leaders dishing out advice.

As one of the most influential founders, globally, Ma has given us some corkers in his time. While some are wise and poignant, others are a tad confusing, even straying into the bedroom on occasion.

Boris Johnson 'could go to jail if he refuses to delay Brexit'

Boris Johnson 'could go to jail if he refuses to delay Brexit' The former director of public prosecutions has told Sky News that Boris Johnson could go to prison if he refuses to delay Brexit in the face of court action. The prime minister has said he will not agree an extension, despite parliament passing a law forcing him to do so. Lord MacDonald, who held the senior prosecutor post between 2003 and 2008, said legal action would mean a court ordering that "the law should be followed". "A refusal in the face of that would amount to contempt of court which could find that person in prison", he said.

Jack Ma , or Ma Yun (Chinese: 马云; [ mà y̌n]; born 10 September 1964), is a Chinese business magnate, investor and politician. He is the co-founder and former executive chairman of Alibaba

Mr. Ma is retiring as China’s business environment has soured, with Beijing and state-owned enterprises increasingly playing more interventionist “ His retirement will be interpreted as frustration or concern whether he likes it or not.” In an interview, Mr. Ma said his retirement is not the end of an

And while we can’t promise to live by all Jack Ma’s advice, we’re certainly not about to forget it anytime soon.

Don’t hire high achievers

In the book Alibaba: The House that Jack Ma Built, author Duncan Clark, an expert on entrepreneurship in China, quotes Ma as saying that, at least in the early days of Alibaba, he didn’t tend to hire based on business qualifications.

“It is not necessary to study an MBA. Most MBA graduates are not useful … Unless they come back from their MBA studies and forget what they’ve learned at school, then they will be useful,” Ma said.

Rather, he placed importance on life experience and work ethic.

“Schools teach knowledge, while starting businesses requires wisdom,” Ma said.

“Wisdom is acquired through experience. Knowledge can be acquired through hard work.”

996

In April this year, in a speech shared on Alibaba’s WeChat account, Ma encouraged a controversial Chinese work ethic of 996. That is, working from 9am to 9pm, six days a week.

'Spud is still bringing a smile to these kids' faces': Emotional moment footy hard man Jonathan Brown breaks down as he pays tribute to Danny Frawley

'Spud is still bringing a smile to these kids' faces': Emotional moment footy hard man Jonathan Brown breaks down as he pays tribute to Danny Frawley An emotional Jonathan Brown opened up on his time with his close friend and told 'On The Couch' he remembered watching a young Danny Frawley play on the field.

Jack Ma , the co-founder and executive chairman of Alibaba, will continue to play as a “lifetime partner” after he The announcement also comes amid uncertainty at the top of JD.com. Its top executive — Liu Under Chinese law, crucial licenses to do business in certain industries must stay in control of

Jack Ma , founder of Chinese e-commerce giant Alibaba discusses globalisation and trade, and shares tips on business at the World Economic Forum in Davos, Switzerland.

Employees should view this 72-hour week as something to boast about, he said.

At the time, Ma said he believes “being able to work 996 is a huge blessing”, the ABC reported.

“Many companies and many people don’t have the opportunity to work 996. If you don’t work 996 when you are young, when can you ever work 996?” he asked.

“How can you achieve the success that you want without exceeding other people’s effort and time?”

Ma did, however, tone down this so-called advice after copping some flak from both Chinese and international media, clarifying that 996 culture should be driven by employees, and not forced upon them. So, that’s a relief.

Have lots of sex, and lots of babies

At an Alibaba wedding, where more than 100 couples were married in a mass ceremony, Ma flipped the ‘996’ theory on its head, advocating for a ‘669’ approach to matrimony.

“At work, we emphasise the spirit of 996. In life, we should follow 669,” he said, as reported by the ABC.

“We want 669 in life. What is 669? Six times in six days, the emphasis is on nine.”

The ‘emphasis on nine’ appears to refer to duration. In Mandarin, ‘nine’ is a homophone for ‘long’, apparently.

Married At First Sight star Jessika Power's 'hot brother' Rhyce firmly denies claims he stole a ring and cash from his housemate in Bali - and explains exactly what he was doing entering his bedroom in CCTV footage

Married At First Sight star Jessika Power's 'hot brother' Rhyce firmly denies claims he stole a ring and cash from his housemate in Bali - and explains exactly what he was doing entering his bedroom in CCTV footage Rhyce Power, 28, was living in a shared villa on the Indonesian party island last month when he was seen on CCTV footage entering a fellow expat's room. Both Power and the expat agree that Power was given permission to enter the room to look for missing crockery. But the man claimed '$50 or $60 cash' and a ring went missing and alleged his housemate was responsible, a claim Power strenuously denies. require(["inlineoutstreamAd", "c.

Pictures of entire lives , of the choices that people make and how those choices work out for them, those pictures are almost impossible to get. Most of what we know about human life we know from asking people to remember the past, and as we know, hindsight is anything but 20/20.

Businesses are willing to invest in quality business consultants who can help them achieve the results they are looking for. Of course, effective business consultants do require sound business acumen and knowledge, so this isn’t necessarily the right opportunity for everyone.

“The first KPI of marriage is to have results. There must be products. What is the product? Have children,” the founder said at the ceremony.

“Marriage is not for the purpose of accumulating wealth, not for buying a house, not for buying a car, but for having a child together.”

Look beyond the founder

In his resignation letter to customers and shareholders last year, Ma said he has always been working towards the day he would pass on the Alibaba torch.

Preparing the business for a change in leadership will set it up for future success, and allow it to continue to grow and develop for the next century, or more.

“No company can rely solely on its founders,” Ma said.

“Of all people, I should know that. Because of physical limits on one’s ability and energy, no one can shoulder the responsibilities of chairman and CEO forever.”

The business has built a system of governance based on “unique culture and mechanisms for developing consistent talent and successors”, he added.

“The one thing I can promise everyone is this: Alibaba was never about Jack Ma, but Jack Ma will forever belong to Alibaba.”


Read more

'I was kind of hoping he was because I thought it was a good laugh': Steve Smith assures Jack Leach that he wasn't poking fun at him by donning glasses to celebrate Australia's Ashes triumph.
Steve Smith assured Jack Leach in the aftermath of the final Test that he was not poking fun at him when he donned glasses to celebrate Australia's Ashes triumph.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!