This article is written by a guru (and valued friend) Pei -fu Hsieh. I have also submitted this article to China Daily (so you might see a slightly edited version) but I thought the original version is brilliantly written. He knows what he is talking about, in his previous job as KPCB China, he has made investments in a couple of cleantech companies.
Raw material of leadership. For years, research has shown that peers are more accurate in identifying and ranking leaders than are outside observers, researchers, and experts. Whether it is a high school sports team, a club, or some other organization, people have an uncanny, intuitive sense of who are and will be the best leaders. They know when someone is truly committed rather than just saying the words and going through the motions. They distinguish the exceptionally creative and inventive entrepreneur with a nose for opportunity. They know when people truly care and show respect for others.
A recent conversation, for example, with the head of a private-owned enterprise in steel in China with more than 100 professionals revealed that although the boss is considered a decent manager, he clearly is no leader. “He doesn’t seem to be concerned who I am or what I do. I’ve been here over a few years and he has never asked about my my wife, my children or any of my personal interests.” Understandably, this talent plans to move on as soon as he can.
Think of some of the colloquial terms that describe many managers and administrators who are not leaders: control freak, compliance, custodial, policies and procedures, bureaucrat, dominating or dictatorial, nitpicker, blamer, manipulator, self-centered, and so on. It is no wonder entrepreneurial leaders are winning the race to attract and keep the best talent.
China has the latent resources for domestically driven economic growth. Exports in China have been a major driver, but there are clear signs that a shift toward domestically driven economic growth is well under way.
Domestic demand will only increase. China and India—already boast some 500 million Internet users, and Mckinsey forecasts nearly 700 million more will be added by 2015. Over the next five years, nearly 700 million more Asians will start using the Internet. Internet opportunities in emerging Asia could reach approximately $80 billion by 2015.