Capability Building in China

August 14, 2013 | Karel Eloot, Gernot Strube, and Arthur Wang | McKinsey & Co.
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Capability building—leadership, managerial, and team-based skills rather than technical ones—has become an urgent imperative for many companies in China. As the country loses its extreme low-cost-labor advantage, businesses must look for ways to increase productivity and internal collaboration, to better understand consumers, and to develop a more sophisticated appetite for risk.