For starters, China lacks the creative thinking, open communications and advanced educational system that can foster full-scale, disruptive innovation like the kind that made Silicon Valley the home to world-famous brands such as Oracle, Cisco, and Apple.
This topic was front and center of a conversation I had recently with Tom Herbst, Director of Marketing, Rums, for Diageo, a consumer goods company with a portfolio of world-famous drink brands, including Captain Morgan and Captain Morgan Black, the darker, bolder spiced version in the line-up of Diageo rums.