Jack Ma’s Philosophy on Shareholders

MBA books teaches you that – shareholders are the most important stakeholders of the company and that company’s main objective is to increase shareholder value.

However the founder of Alibaba.com, biggest online company in China, says that for him “the most important groups are customers and then employees. He says that customers are the ones who pay him and employees are the ones who stick with him but shareholders come and go. And for this reason, shareholders come last for him.”

That’s a very interesting point that he makes. Read his other two company philosophies on TechCrunch here. Watch the full interview here.