Alibaba Group is a company found in China, and as mentioned above China is one of the countries, which has highest power distance. However, Jack Ma, the founder and the CEO of the company, aims to create a low power distance-working environment and tend to adopt a decentralization strategy (Wolf, 2010). The company’s subsidiaries have developed independent technology teams, that is having no Chief Technology Officer to guide or to handle the operations while other following the decision of the (CTO)
(a) Identify THREE (3) primary reasons for entrepreneurs starting their own business. Explain each of them. (6 marks) The three primary reasons for entrepreneurs starting their own business are they desire to be their own boss. Besides, they also desire to pursue their own ideas, and realize financial rewards. The first of these reasons is entrepreneurs desire to be one’s own boss. This is given most commonly. This doesn’t mean, however