Notes from presentation of Jack Ma - Alibaba Group founder.

* Nothing will happen to you if you don't act
* If you act, you may benefit from that action.
* The ignorant are not afraid.

* There were three reasons behind Alibaba success:


1.) no money 

* A lot of entrepreneurs didn't make a success not because they don't have money but because they had too much money. They tried to solve problems with $$$.

* Jack believes that money could not solve all the problems. Money is just an important tactic in problem solving.Alibaba might have one of China's and maybe even the world's largest cash reserves among Internet companies.  

* A company's assets are like a state's armed forces you cannot use it lightly, but if you ever need to mobilize it, you must win !!!

* Money cannot be spent recklessly.


2.) Jack didn't understand technology
 
* Jack doesn't understand the technology behind the Internet but it doesn't mean that he doesn't respect technology. It's a tragedy for engineers that their CEO knows nothing about technology, but they are lucky also. If CEO understands technology he will be looking over engineers shoulders every day and they won't be able to get any work done.

* Jack has a great respect for their technical team, he hasn't written even one line of code ;)

* If we cannot turn out vision into reality, it is not even worth a penny.

* Jack tested whether things were useful or not as end-user.

* They respect technology but they are afraid of it, they need it to be USEFUL.

* If you cannot use the technology - regardless of how good it is - it is USELESS.

* If people believed in technology, the technology becomes productive, innovative and can impact society.

* Jack doesn't think China or the world lacks technology, it lacks appreciation and reverence for it.    

3.) they never planned ;)

* Jack never have written a business plan. They wrote 'one' to seek founder.

* In 1996 nobody knows what happens.

* Plan is only useful if you execute your plan !

* Our life is a plan that is slowly unfolding.

* Change is the best plan, but you don't want to lose your own sense of direction.

* Other people in Alibaba have very good plans !!!

* Someone has to plan ;)

* We are living in a time of constant change. We have to adapt to an ever-evolving world.

* Change is what give young people opportunities.

Luck is very important. You can't wait for luck, because it won't come. 
Luck is like seeds that have to be sown. Luck and wealth are the same. Sow the seeds of good luck in other people's yards.That will likely bring you more luck.

The world is changing very fast and it's hard to gauge consumer's needs - focus on small business.

This is era of customization - P4P advertisement, big data.

It's hard to imagine there are 100 millions consumers daily on Taobao.

Nobody can guarantee that you will fail.

"Young people lie awake at night thinking of thousand paths, and get up in the morning to walk the same path."

The entire Jack's story sounds familiar to Allegro Group, internet company in Poland which is a Internet giant and leader in Eastern Europe.




The End.