Jack Ma has shared his ten rules of success, which he believes are essential towards building a sustainable business and inclusive future.
He shared them at the World Economic Forum 2018, which is underway in Davos, Switzerland. The event is being attended by political leaders, businessmen, academics and leading change makers from around the world to highlight and discuss and shape global, regional, and industry agendas.
Here they are:
- When you are 20-30 — do a job and learn inside a company
- When you are 30-40 — take a risk and build an idea that you love
- When you are 40-50 — only do things you are good at
- When you are 50-60 — build others and train them
2. Diversity & Women
- Diversity is crucial, but do not put women in your company to fill the quota.
- Genuinely believe in their capabilities and use their leadership wherever it adds value.
3. EQ, IQ & LQ
For wisdom and success, build your EQ. If you don’t want to lose, build your IQ but if you want respect, develop LQ (L=Love)
4. Priority of Responsibilities
In order of priority, your first responsibility is your customer, second to your employees and third to your stakeholders
5. Learn from Others’ Mistakes
Leadership is not about helping others, it’s about helping yourself.
No matter how smart you are, if you want to be successful, learn from other people’s mistakes.
6. Smart vs Wise
What’s the difference between smart and wise?
The smart one knows what he/she wants. The wise one knows what they don’t want.
7. Leadership and Decision Making
This is an answer in response to the question I asked Jack Ma that “What do you think about leadership and decision making, is it a thing of heart or the mind or both”, he said:
Good leadership is about:
- Not complaining
- Seeing things differently
Leadership is about responsibility, it’s about doing things which others won’t, that you think are critical.
8. Employees’ Amalgamation
Stupid people work together easily, smart people can’t. The job of the CEO is making sure that smart people work together.
Remember, the best product for your company is your employee.
9. Soft Skills
Soft skills are the skills that computers can’t develop and these are the skills of the future.
- Careful Thinking
Learn these skills as they will help you stay relevant in the future that is so digital.
10. Co-curricular Activities
We must teach our kids skills other than technology. Like liberal arts, sports, music, painting and art.
via Saad Hamid