Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

LEADERSHIP IN ACTION camori 701 01092 qy bbA (3) Immali (Forbes, 2013). This ZHANG XIN: THE HUMBLE CHINESE BILLIONAIRE Close to half of the

image text in transcribed

LEADERSHIP IN ACTION camori 701 01092 qy bbA (3) Immali (Forbes, 2013). This ZHANG XIN: THE HUMBLE CHINESE BILLIONAIRE Close to half of the world's self-made female billionaires are Chinese does not come as a surprise to Zhang Xin, who ranks fifth in that list. She believes: "China with parents who both worked for equal pay. There was no such thing as a lady of leisure" (Foster, 2010). Pero sitiario 257002 100v 1odgid odT .001 to 57008 Istot oldiazoq tasdigi is so entrepreneurial... there are no glass ceilings" (Financial Times, 2011). "We all grew up Zhang's story is not unusual for her generation. Born to well-educated parents who were forced to work in the fields during Mao's revolution, Zhang is not a stranger to hardship and hard work. While working in factories and living in poverty with her mother in Hong Kong, she saved enough to buy a ticket to the United Kingdom where she attended Cambridge University. Her intelligence, hard work and perseverance landed her a job with Goldman Sachs. However, while quickly rising in the organization, she did not feel that she fit in: "I think investment banking environment was very competitive and cutthroat. I was always looking for opportunities to leave" (Stahl, 2013). She returned to China and married a bud- ding entrepreneur, Pan Yishi, after a four-day courtship, and together they founded Soho China, the largest commercial real estate company in China. After a short stint as a stay- at-home mom to raise her two sons, Zhang quickly returned to the company to lead its inter- national efforts. - Even with all her wealth, Zhang retains the values of thrift and humility that she learned as a child. She still does not fly first-class-"It's not about affordability, it's about con- science," she says because she thinks about the hardships her family endured (Foster, 2013). Being named as one of the richest people in the world makes her "cringe," a feeling she also attributes to her upbringing. She wanted her 14-year-old son to work at McDonald's or KFC, and she tries to raise her children as normally as possible (Chiou, 2013). If being grounded and unpretentious are part of her, so are hard work and initiative. "I don't do evening business dinners and I don't do weekends" (Foster, 2013). She believes in cooperation. Talking about the challenges of working with her husband, she says: "When you have two people trying to figure out problems together, one brings out new things in the other and vice versa. Aren't human beings meant to be inspired in this way?" (Zhang, 2008). Zhang is the first nonarchitect to be awarded the "Bold Personal Initiative" by the presti- gious Italian organization La Biennale di Venezia, in recognition of her vision and creativity in the building of China, particularly Beijing (Li, 2006). Ingrid Li, who wrote a biography of Zhang, says: "What makes her stand out is her enormous drive to make a difference, her awareness of her strengths and competencies, and above all, her international outlook and unfailing vision for the coming of age of her homeland" (Li, 2006: xviii). Describing her vision, Zhang says "revitalizing Beijing's street culture is my job (Li, 2006).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Management

Authors: Richard L Daft, Dorothy Marcic

6th Edition

9780324581782, 324581785, 978-0324568387

More Books

Students also viewed these General Management questions