Leadership shortage hurts companies' innovation goals

Few organizations are meeting their innovation goals because they lack the right leadership, according to a recent global survey of 636 business leaders by Harvard Business Review Analytic Services.

Chinese companies show an equal or probably larger demand for innovative leadership than multinational companies, said experts.

MNCs are more conservative with their investments in China and are focused on their core business, while Chinese companies see an opportunity to leap frog and expand into new markets, said Mike Lim, managing partner of executive search firm DHR International in China.