Principles of Information Systems (MindTap Course List)
Principles of Information Systems (MindTap Course List)
13th Edition
ISBN: 9781305971776
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Chapter 2, Problem 1CE

Explanation of Solution

Brief description on Jack Ma starting a business:

  • Jack Ma is the founder of the online business platform alibaba.com. He was born and raised in china. Jack Ma the admirer of many entrepreneurs and started his business in 4th April 1999.
  • The business was started in a small self-owned apartment along with his 17 friends with a very small investment.
  • They aimed to sell the goods and services among the Chinese people first...

Explanation of Solution

Challenges need to overcome:

The main challenges faced by Jack Ma were to compete with the other online websites and to make aware of people, the importance of online purchasing...

Explanation of Solution

Jack Ma encountering failure before success:

“Yes”, Jack Ma faced failure before attaining a success in his business.

Jack Ma with his simplicity made credibility among the business people and made his career a great one...

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Principles of Information Systems (MindTap Course List)

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