In China that hasn't really developed yet. In the early stages at Chinadotcom, we needed input from all levels of people. But as the company matured now we have 2,000 employees we needed a reasonable structure with priorities being set. In particular with this slowed-down economy, decisions need to be made and some of the decisions are quite painful. It depends how you define it.
Entrepreneurs have leadership.
They can bring a great collection of people together. They can carry a company through its early stages. When the company gets to a certain size you need to learn to delegate to bring in professionals with more experience than you in areas like finance or marketing. Older people see more things. They have had more chances to make mistakes and learn from them.