Saw an interesting interview in Newsweek with the Xiang Bing, the dean of Cheung Kong Graduate School of Business (CKGSB). Interesting observations on China, especially this:
You’ve also mentioned that you see China as too entrepreneurial. How can that be?
Entrepreneurialism is in our blood, and that makes us open to new ideas and new people. But it means we can also be impatient, and without focus. In Chinese companies, middle managers are always trying to figure out how they can ultimately take over the company, or start their own company. This may also be because Chinese companies aren’t as good at taking care of their employees. Compare China to Japan in this respect. It’s difficult to imagine a Chinese company creating the next Toyota, let alone the next Google.
Hard to argue, but give it another 5 or 10 years, and I bet it will be much easier to imagine a Huawei, Alibaba, or some other Chinese company being a global leader in both sales and innovation.