The paper "The Concept of Entrepreneurship - Jack Ma " is a great example of a business cases study. Jack Ma is a Chinese-born on September 10, 1954, within the small and beautiful city of Hangzhou in Zhejiang Province. Like most of the entrepreneurs, Jack Ma came from a poor family of the lower middle class, and poor financial family background to support his business ideas in the early starts. In the beginning, he got fail in the entrance examinations twice, but such failures never deterred his determinations of becoming a successful entrepreneur in the future.
At the age of twelve, he decides to focus on the means of improving his English language skills by guiding foreign tourists (Ma, 2015, 176). Such a wonderful and interesting breakthrough gave him the opportunity to learn and a reason of producing new ideas through talking to the tourists from the west, which became an important landmark in his life as learning The English language, became important in starting his dream business. In 1988, he attended Hangzhou Teachers College and graduated with Bachelor of Arts and as an English teacher in the same institution.
However, in 1995, Ma got the opportunity to go to the United States for a highway project that the Chinese government was working on to be an English translator (CNN, 2006). While in Seattle, U.S, he had the chance of accessing the internet for the first time and recognized the opportunity he could create from it. In an interview with the BBC, Ma cited that he would change the world. With the assistance of the friends in the U. S, he started developing a website for Chinese companies. Part B: Entrepreneur Background Analysis Jack Ma came from a poor family background that only had moral and non-monetary support to offer in a bid to accomplish his business dream.
When he was born, the country, China, was experiencing Cultural Revolution where Ma’ s family was prosecuted since his grandparents were some of the people supporting the National Party, which opposed Community Party, headed by Mao. The few things that can characterize his background, success path and education are failures, rejection, agility, hard work, and vision (Murphy, Liao, & Welsch, 2006, 15).
Through his life, Ma failed severally, rejected, and to some extent referred to as crazy especially by the father who viewed some of his business plans as dangerous ideas that could at one point contribute to his arrest in the earlier generation. Ma’ s parents were traditional musicians and storytellers based in China; ironically, the father never believed in his potential to succeed in life owing to the several failures in his early life. Therefore, Ma learnt to be independent of everything he did. In a family of three, a brother and sister, he is the second and being in the middle, he experienced no love from the parents, so he had to love himself.
Ma had several friends and relatives who stood with him all the way. Moreover, while starting the company, he borrowed $2000 from the relatives, brother in law, and parents. The major strength of Ma is Zhang Ying, wife, that he met while studying to be a teacher. Being raised from a family that valued the Chinese culture, Ma at all point practised the Chinese culture even while socializing with people from diversified backgrounds in the states.
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