UNINTER WEEK REVIEW I | Page 5

FOR ARTICLE REPRINTS CALL 800-988-0886 OR 617-783-7500, OR VISIT HBR.ORG BRAIN GAIN AND DRAIN MORE AND MORE CHINESE ARE ENROLLING IN COLLEGE IN CHINA... (Tian Suning), a U.S.-educated entrepreneur, founded the telecom start-up AsiaInfo (now AsiaInfo-Linkage), which within three years grew into a thriving company of 320 people with revenue of $45 million. In 1996, frustrated with the slow pace of technological change in China’s telecommunications industry, then–vice premier Zhu Rongji convinced Tian that it was his duty to leave AsiaInfo in order to lead a new company, China Netcom, as it set out to build a fiber-optic network linking some 300 cities. When one of us (McFarlan) visited the company, in 2001, it was an innovative firm with an open, creative culture, despite the fact that it was jointly owned by four government agencies. In 2002, when the telecommunications giant China Telecom was broken apart by the government, its 10 northern provincial markets were integrated into China Netcom. Overnight, Tian became responsible for an organization of 230,000. The culture clash between the two organizations was extraordinary. Tian was seen by many China Telecom employees as an American outsider trying to reform a stateowned enterprise in unacceptable ways. Six months after the merger, McFarlan presented our case study on China Netcom to 70 senior Chinese executives, including 20 from the telecom industry. Rather than draw lessons from the case about the relationship between organizational change and business success, the group attacked Tian for his “un-Chinese” ways of managing—and then charged McFarlan with incompetence for presenting Silicon Valley culture in China in such a positive light. Tian soon stepped down from his CEO role and later from the China Netcom board. To outsiders, China Netcom eventually looked like a modern telecom firm, with CHINA 23.9M UNITED STATES 19.9M …BUT MORE ARE ALSO CHOOSING TO STUDY IN THE UNITED STATES. 2001 14.5M 63,211 194,029 2011 8.3M 3.4M 860,000 1978 1998 2012 SOURCES CHINA ENROLLMENT: PHILIP G. ALTBACH, QI WANG, YINMEI WAN, CHINA’S MINISTRY OF EDUCATION. U.S. ENROLLMENT: NATIONAL CENTER FOR EDUCATION STATISTICS, U.S. CENSUS BUREAU. DATA FOR CHINESE STUDENTS IN THE U.S. ARE FROM THE INSTITUTE OF INTERNATIONAL EDUCATION. the governance structures needed to be listed on international stock exchanges. But it remained at heart a state-owned enterprise. When we teach our current case on China Netcom, we ask MBA students to scour the company’s board for the real boss. Where, we ask, is the party secretary? The Communist Party requires a representative to be present in every company with more than 50 employees. Every firm with more than 100 employees must have a party cell, whose leader reports directly to the party in the municipality or province. These requirements compromise the proprietary nature of a firm’s strategic direction, operations, and competitive advantage, thus constraining normal competitive behavior, not to mention the incentives that drive founders to grow their own businesses. But even if the government were to disband party cells and instead redouble its efforts to encourage breakthrough innovation, there remains an even stronger disincentive: the economic realities of the markets in which Chinese companies operate. Why go to the trouble to pioneer innovative offerings when the rewards and growth prospects for incremental improvements are so vast, both at home and abroad? The Communist Party requires a representative in every company with more than 50 employees. Consider the B2B portal Alibaba, which in 2001 was so shaky that we feared it would go bankrupt. But by creatively adapting foreign technologies to the needs of developing markets, Alibab H