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BEIJING, June 16 -- Mckinsey China's head said the
country's major companies would need to hire as many as 75,000 executives over
the next decade to drive their international expansion.
Chinese companies had what it took to be among the best in the world, but they were not there yet, McKinsey
Greater said.
"GE, the Johnson & Johnsons and Citigroup, they
took 100 years to grow and apprentice that sort of talent. China's going to have
to do it inside a decade," he said.
The consultancy firm had been successful in raising
the aspirations of potential top executives in China and helping them understand
what it took to be a successful player in the international market, he said.
McKinsey has been in China for 12 years and now has
15 local partners.
In China, career paths were more rigidly defined and
there was no job security for executives and a longer-term sense of what they
could achieve at companies, Greater said.
"The development opportunities that Chinese companies
have provided to their employees is not as good as the best global corporations.
That is the biggest challenge for Chinese companies," he said.
He cited the example of Liu Xiang, China's 110-meter
Olympic champion hurdler at last year's Athens Olympics who excelled in an
unexpected field, as a model of the ability of Chinese business leaders to
surprise positively in terms of what they could achieve sooner rather than
later.
(Source: Shenzhen Daily/Agencies)
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