Entrepreneurship has taken the centre stage and the interest in it has increased noticeably. Entrepreneurs are commonly assumed as domestic national assets which can be refined, driven and rewarded to the greatest possible level. How we live and work are changed by the entrepreneurs with their successful innovations which improve the standard of living. In addition to them creating a fortune from their undertakings, they create jobs for the country. According to Wennekers (2006), there is an increasing number of people taking a positive interest in entrepreneurship.
Entrepreneurs are people who develop or create new products and services which through innovative concepts are the key to driving the growth …show more content…
1.2. Rationale for Choosing Jack Ma
Jack Ma, the famous founder of an enigmatic e-commerce website, Alibaba, is an amazingly successful entrepreneur with global recognition and created a new history record for China. His creativity and innovative idea in adapting existing business concept based on successful foundations and applying the concept based on China’s environment has created new history.
Since the rise of Jack Ma, a lot of attention with interviews, media coverage and speeches revolves around him and Alibaba, a company that bridge small-size and middle-size business to trades globally. He has positioned himself as someone who is determined and persistent and he believes in his famous philosophy, “Today is difficult. Tomorrow is much more difficult. But the day after tomorrow is beautiful.”
1.3. State the objective
The objective is to study Jack Ma’s entrepreneurial traits, behaviour, attributes, influences, attitudes, experiences, and outcomes that have made Jack Ma to be recognized as one of the most successful entrepreneurs in …show more content…
According to Davidson (1991), motivation can be articulated in many ways such as behavioral intentions or aspirations.
There are quite a numerous studies examining characteristics of successful entrepreneurs such as Brockhaus (1982) who presented perspective of entrepreneur psychology including some scholarly researchers in personality of entrepreneurship, like, for example McClelland (1961) and Rotter (1966) contemplate the following psychological characteristics: being an achiever, being able to control events that affect them, being able to take chances with respect to risk of loss and personal goals.
According to Nystrom (1979), learning of capabilities easy and make changes. There is a literature which identifies a few capabilities which can contribute to the success of an entrepreneur (Lorrain & Dussault, 1988; Brinkman, 2000) such as the early phase and the mature phase competence. The early phase is based on market orientation, creativity and flexibility while the mature phase competence is based on leadership, organize and plan, the motivational and financial controller (Driessen & Zwart,