NobleSpirit Newsletter - eBay "ALL IN" China
eBay's leadership team toured the Asia-Pacific region this past week. In a Linked-in Pulse post the other day,
eBay CEO Devin Wenig writes briefly
regarding the relationship between this massive explosive market and the connected consumer. Quoting Mr Wenig, "...In each of these markets, individual national players are emerging as strong forces. But it is unlikely to be a winner-takes-all market. The opportunity is big enough, and the growth is explosive enough, to drive multiple winners...As with many aspects of the relationship between East and West, some of the business practices and strategies that took root in Asia are moving West....And certain Western approaches are also taking root in Asia".
On a certain parallel, this level of attention to the specific juxtaposition of emerging markets throughout this vast Asiatic region is quite significant because it speaks to leadership's deep appreciation of the critical role that local economic as well as social and cultural characteristics play. In order to win in the region, there's no single magic bullet available. Mr Wenig again, "True success will be determined by the ability to separate the reality from the hype. For businesses prepared to look beneath the surface, there’s no denying the scale of the possibilities. eBay is “all in.”
Further, the level of intensity of focus in Asia mirrors the same secret sauce approach in leadership's domestic strategic plans to drive fundamental success at the core of what it means to be a human being. While other marketplaces distance themselves from higher social purpose, eBay is in a state of relentless and perpetual connectivity with its lifeblood customer bases. Regardless of all those countless indescribable things that make us so different from each other on the outside, ultimately, it is precisely those very same things that confirm we are all the same inside.
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The Noblespirit Team