Help Wanted: Leaders

China may abound in entrepreneurial spirit, but it badly lacks skilled managers. Foreigners are helping provide those M.B.A.s

Tang Haisong imagined that the toughest part of his Internet start-up would be getting the forms approved by Beijing's fossilized bureaucracy. But that was nothing compared with what the baseball-capped chairman of faced when he began hiring for his company, which aims to become a Yahoo for China's youth. Good managers were even harder to find than efficient bureaucrats. "In terms of Internet technology, China is only five years behind the West," says Tang, who graduated from the Harvard Business School in 1998. "But in management expertise, we're at least two decades behind."

Hard to believe that want...

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