Think, analyze, implement for long-term success

Most major multinational enterprises have emphasized that localization is critical for their China strategy as the Middle Kingdom is big, diversified and so different from the West.

But for Ilian Mihov, dean of INSEAD, one of the world's top business schools, Western management skills can be very useful in China, even in the unique context of the country.

"When you study in an MBA program, it is not just about memorizing some cases in the United States or Europe. The main task is to learn how to solve problems ... and the problems people face are very similar around the world," said Mihov, who was appointed dean in October.