China: management education in transition

The expectation that Chinese business schools will soon be as highly respected as the leading business schools in Europe and America is both necessary and realistic. One primary factor will be the creation of a true "market" for international faculty in China. The reality is that faculty take a risk in coming to China; they land here not knowing whether they will like it, whether their family members will like it, whether the China-based students, who are very demanding, will accept them, and whether they can build an academic and social network for themselves. The development of China's management education industry is important for the whole world and for the future of globalization. China must, as fast as possible, develop its own capacity to prepare managers and leaders, competent to operate in an international environment with a high sense of responsibility for pressing social and environmental needs.