By Deborah Austin China's senior executives say encouraging employees' entrepreneurial behavior is crucial for their nation's success, but many appear nervous about giving up control, suggests a survey by management consulting firm Accenture. The study, "Liberating the Entrepreneurial Spirit in China," is part of a three-year Accenture project spanning 26 nations. Of Chinese executives interviewed:
- 97% say entrepreneurship is important to their organization -- similar to executives' responses globally.
- 88% say their organization will be more entrepreneurial in three years, compared with the average response globally of 72%.
- 64% describe their organization as risk averse, versus 42% globally.
- And 68% say their staff lack entrepreneurial instincts, higher than in nearly all other nations surveyed. Paradoxically, 54% also say employees can be too entrepreneurial.