China's high technology companies are experiencing a significant shortage of senior and mid-level talent to support the development of their enterprises. Professionals who can operate at world class levels are in very limited supply--and this talent constraint is limiting the growth of the technology sector. How should leading companies in China address this talent shortage?
Heidrick & Struggles and the Stanford Project on Regions of Innovation and Entrepreneurship (SPRIE) have interviewed over 80 C-level executives in China's knowledge-intensive industries--semiconductor, e-commerce, computer hardware/software, and telecommunications. The result is a view into China's leadership and talent issues, and a playbook on how Chinese companies can accelerate the development of key talent.
Today, China's base is manufacturing, but to drive its economy in the decades ahead, China must rely in part on more knowledge-intensive industries. How successfully Chinese technology executives address today's talent shortages will help to define China's development path.