China: Help Wanted

While he describes the progress as "extraordinary," many Chinese executives say the domestic schools are still sorely lacking. So companies recruit any way they can. This May, Lenovo bought IBM's nearly defunct PC business, saying quite candidly that much of the attraction was not in the business itself but in access to managerial know-how. Since China can't possibly train enough managers fast enough to close its gap, it's smart to acquire them.

© 2005