{"id":45777,"date":"2017-07-21T16:57:52","date_gmt":"2017-07-21T13:57:52","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=45777"},"modified":"2017-07-21T16:57:52","modified_gmt":"2017-07-21T13:57:52","slug":"to-be-a-big-company-solve-big-problems-jack-ma-advises","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2017\/07\/to-be-a-big-company-solve-big-problems-jack-ma-advises\/","title":{"rendered":"To be a big company, solve big problems, Jack Ma advises"},"content":{"rendered":"<div id=\"attachment_45788\" style=\"width: 630px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.capitalfm.co.ke\/business\/files\/2017\/07\/JACK-MA-AT-UON.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-45788\" class=\"wp-image-45788\" src=\"https:\/\/www.capitalfm.co.ke\/business\/files\/2017\/07\/JACK-MA-AT-UON.jpg\" alt=\"\" width=\"620\" height=\"427\" srcset=\"https:\/\/www.capitalfm.co.ke\/business\/files\/2017\/07\/JACK-MA-AT-UON.jpg 704w, https:\/\/www.capitalfm.co.ke\/business\/files\/2017\/07\/JACK-MA-AT-UON-300x207.jpg 300w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/a><p id=\"caption-attachment-45788\" class=\"wp-caption-text\">\u201cWhere the government doesn\u2019t know what\u2019s going on, that\u2019s an opportunity. When people around you disagree, that\u2019s an opportunity,\u201d Ma said.<\/p><\/div>\n<p><strong>Nairobi, Kenya, Jul 21 \u2013 Jack Ma\u2019s rags to riches story has turned the 52-year-old into a global sensation. \u00a0<\/strong><\/p>\n<p>Ma, who hails from Hangzhou, China has challenged Kenyan entrepreneurs to focus on solving big problems to be big entrepreneurs instead of complaining.<\/p>\n<p>\u201cIf you want to be a big company, solve big problems. If you want to be a small company, solve small problems,\u201d Ma said while speaking at the University of Nairobi.<\/p>\n<p>He noted that Africa has a huge potential and that the continent can learn from the mistakes of other developed economies.<\/p>\n<p>\u201cWhere else can you find elephants roaming around except in Africa? Where else can you find fresh air that is not polluted except here? When I landed here and I was hit by fresh air, I understood why people come here for holidays,\u201d he said.<\/p>\n<p>He also challenged Africans not to complain but do something to solve the problems that afflict the continent. He also noted that Africa\u2019s youngest population is one of its greatest assets.<\/p>\n<p>\u201cAfrica has the youngest population. Opportunities always exist where people complain,\u201d he said.<\/p>\n<p>\u201cWhere the government doesn\u2019t know what\u2019s going on, that\u2019s an opportunity. When people around you disagree, that\u2019s an opportunity,\u201d Ma added.<\/p>\n<p>He admits that the seeds of success were planted during his tenure as the student council\u2019s chairman of the Hangzhou Teacher&#8217;s Institute. It\u2019s in this institution where he learnt the skills that set successful people apart.<\/p>\n<p>\u201cI didn\u2019t work hard to be number one in class. I worked to be number one in helping people,\u201d he noted.<\/p>\n<p>Throughout his start-up period, and even now that Ali Baba is a global company, he still sees his role as that of a teacher, cheekily trading his Chief Executive Officer title to the Chief Education Officer of Alibaba Group.<\/p>\n<p>\u201cI learnt to be a teacher. And a good teacher shares knowledge and expects the students to be better than him,\u201d he said.<\/p>\n<p>The founder and current executive chairman of Ali Baba Group said that one needs, what he calls the 3 Q\u2019s, to be successful.<\/p>\n<p>\u201cHave a high Emotional Quotient (EQ) because you will know how to work with people and support them. Have a high Intelligence Quotient (IQ) because intellectual knowledge is what will help you to protect your business. Lastly, pursue a high Love Quotient (LQ)- respect for others, care for each other and love people,\u201d Ma affirmed.<\/p>\n<p>Ma whose company has clocked sales worth $550 Billion since its inception advises that one needs to be all rounded to succeed.<\/p>\n<p>\u201cBut the world is funny because those who normally have a high IQ usually have a low EQ and those who have a high EQ have a low IQ,\u201d Ma quipped.<\/p>\n<p>\u201cBut even if you have a high IQ, a high EQ, you have made a lot of money and you are successful, you may not be respected because you don\u2019t have a high LQ,\u201d he added.<\/p>\n<p>The revelation that LQ is important, Ma confesses, was a challenge that his wife threw at him.<\/p>\n<p>\u201cMy wife challenged me to be a person that can be respected and not a person that is just rich,\u201d Ma said.<\/p>\n<p>Ma\u2019s Ali Baba e-commerce company has created around 33 million jobs in China and delivered 65 million packages. He is the richest person in Asia and the 14th richest in the world with a mammoth net worth estimated to be 35.5 billion USD.<\/p>\n<p>He is on a two day trip to Kenya and Rwanda to share insights with African entrepreneurs in his capacity as a special adviser for youth entrepreneurship and small businesses to the United Nations Conference on Trade and Development (UNCTAD).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nairobi, Kenya, Jul 21 \u2013 Jack Ma\u2019s rags to riches story has turned the 52-year-old into a global sensation. \u00a0 Ma, who hails from Hangzhou, China has challenged Kenyan entrepreneurs to focus on solving big problems to be big entrepreneurs instead of complaining. \u201cIf you want to be a big company, solve big problems. If [&hellip;]<\/p>\n","protected":false},"author":13700,"featured_media":45788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,1,687],"tags":[],"coauthors":[828],"class_list":["post-45777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enterprise","category-kenya","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>To be a big company, solve big problems, Jack Ma advises - Capital Business<\/title>\n<meta name=\"description\" content=\"Nairobi, Kenya, Jul 21 \u2013 Jack Ma\u2019s rags to riches story has turned the 52-year-old into a global sensation. \u00a0 Ma, who hails from Hangzhou, China has Kenya breaking news | Kenya news today |\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.capitalfm.co.ke\/business\/2017\/07\/to-be-a-big-company-solve-big-problems-jack-ma-advises\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"To be a big company, solve big problems, Jack Ma advises\" \/>\n<meta property=\"og:description\" content=\"Nairobi, Kenya, Jul 21 \u2013 Jack Ma\u2019s rags to riches story has turned the 52-year-old into a global sensation. \u00a0 Ma, who hails from Hangzhou, China has Kenya breaking news | Kenya news today |\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.capitalfm.co.ke\/business\/2017\/07\/to-be-a-big-company-solve-big-problems-jack-ma-advises\/\" \/>\n<meta property=\"og:site_name\" content=\"Capital Business\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/capitalfmkenya\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/dannishmo\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-21T13:57:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.capitalfm.co.ke\/business\/files\/2017\/07\/JACK-MA-AT-UON.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"704\" \/>\n\t<meta property=\"og:image:height\" content=\"485\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"DANNISH ODONGO\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@dannishodongo\" \/>\n<meta name=\"twitter:site\" content=\"@capitalfmkenya\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"DANNISH ODONGO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2017\\\/07\\\/to-be-a-big-company-solve-big-problems-jack-ma-advises\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2017\\\/07\\\/to-be-a-big-company-solve-big-problems-jack-ma-advises\\\/\"},\"author\":{\"name\":\"DANNISH ODONGO\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/#\\\/schema\\\/person\\\/50df941654fefec1c2735b441572ac19\"},\"headline\":\"To be a big company, solve big problems, Jack Ma advises\",\"datePublished\":\"2017-07-21T13:57:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2017\\\/07\\\/to-be-a-big-company-solve-big-problems-jack-ma-advises\\\/\"},\"wordCount\":661,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2017\\\/07\\\/to-be-a-big-company-solve-big-problems-jack-ma-advises\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/files\\\/2017\\\/07\\\/JACK-MA-AT-UON.jpg\",\"articleSection\":[\"Enterprise\",\"Kenya\",\"Top Story\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2017\\\/07\\\/to-be-a-big-company-solve-big-problems-jack-ma-advises\\\/\",\"url\":\"https:\\\/\\\/www.capitalfm.co.ke\\\/business\\\/2017\\\/07\\\/to-be-a-big-company-solve-big-problems-jack-ma-advises\\\/\",\"name\":\"To be a big company, solve big problems, Jack Ma advises - 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