3 Reasons Behind Alibaba’s Success
Rich Hua stashed this in Business
Stashed in: Founders, 106 Miles, Startup Lessons, Alibaba, Extraordinary People, Alibaba
His 3 strategies were to have no money, no technology, and no plan?!
This cannot possibly work for everyone.
About Strategy
There were 3 reasons behind our success, they were very valid points:
First, we had no money
Second, we didn’t understand technology
Third, we never planned
About money
I believe that money could not solve all the problems. Money is just an important tactic in problem solving. So, when people say, “I have money, so I can do this” That is the start of their failure.
About technology
I don’t understand technology, I really don’t. Even today, I still don’t understand what coding is all about. Even today, I still don’t understand the technology behind the Internet. However, it doesn’t mean I don’t respect technology.
My experience with technology is similar to 80% of our users. We respect technology, but we are afraid of it. We just need it to be useful. If you can’t use the technology — regardless of how good it is — it is useless.
1:49 PM Oct 29 2014