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20 Jun 2018

To Find Long Term Business Success, Focus on Your People

[via Medium]

Jack Ma, the founder of Chinese e-commerce giant Alibaba, was recently asked to explain the secret of his company’s success. “Find the people who are smarter than I am,” Jack said. “My job is to make sure the smart people can work together.”

The quote has stuck with me. It reflects how we view the world at Alghanim Industries, and how I view my role as CEO. Find great people. Inspire them to collaborate. Business success will follow.

You’ll find evidence of this philosophy in many of our company’s most important decisions. Consider, for example, our Chairman Sir Kutayba Alghanim’s decision to invest in an IBM mainframe in the 1970s. It may surprise you to learn the goal wasn’t to modernize our technology systems. The goal was to build a company which hired on talent, promoted on merit, and improved continuously through constructive criticism. None of this would have been possible without automating financial controls, but the objective was always about people.

– Omar Alghanim, CEO of Alghanim Industries and Chairman of Gulf Bank

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