Monday, March 02, 2009
Behind-the-scene story of Jack Ma in Stanford GSB
Jack Ma, the founder of Alibaba Group, was in Stanford GSB to give a speech to Stanford students and Silicon Valley engineers. I gave a welcome speech at the beginning, and asked Jack to do a MBA case with Stanford some time.
However, he didn't really like to do so. He told the audience: "all MBA have said are correct, but they can't execute it", or "professors are paid to speak". I respect a successful entrepreneur like him, but definitely he didn't realize the value of business cases. Chinese businessmen may think they are born to be successful businessmen, and don't have to learn from the history. Personally I don't think that's correct, a lot of business practices are the same from the old days to now. and hopefully people can learn from the experience to avoid making the same mistake.
Speaking of this, Jack is still an inspiring speaker.