Billionaire Jack Ma, the founder and ex-CEO of Alibaba Group, as well as one of the most successful Chinese Internet entrepreneurs, shares his wealth of experiences.
Jack Ma: The mistake I regretted the most
In 2001, I made a mistake. I told 18 of my fellow comrades whom embarked on the entrepreneurship journey with me that the highest positions they could go was a managerial role. To fill all our Vice President and Senior Executive positions, we would have to hire from external parties.
Years later, those I hired were gone, but those whom I doubted their abilities became Vice Presidents or Directors.
I believe in two principles: Your attitude is more important than your capabilities. Similarly, your decision is more important than your capabilities!