Privatization and Entrepreneurship: The Managerial Challenge in Central and Eastern Europe

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Privatization and Entrepreneurship: The Managerial Challenge in Central and Eastern Europe analyzes the challenges faced by managers in the transforming economies of Central and Eastern Europe and provides penetrating insights into the details of managing in the former socialist countries. This collection's combination of conceptual/theoretical material with empirical, firsthand case analysis prepares Western managers for a more profitable and less stressful entry into these significant markets.

This enlightening book highlights the complexity and breadth of the issues and problems of successfully entering new markets in Central and Eastern Europe. Along the way, you are introduced to such topics as consumer behavior and shown the different forms of foreign direct investment with their associated problems and benefits. If you are searching for ways to better prepare for business in these markets, this book can help you meet your objectives with its helpful information on:
  • ethical concerns and linguistic difficulties of managing in transforming economies
  • management challenges of privatization
  • management challenges of entrepreneurship
  • strategic issues associated with the reorientation of enterprises
  • corporate constituencies, changing consumers, labor unions, and pay practices

    Privatization and Entrepreneurship will prove valuable to policymakers in economic development and foreign aid agencies, executives of companies planning to expand into Europe and those already active in the region, and academicians and students in management, economics, and political science.
;lt;li>ethical concerns and linguistic difficulties of managing in transforming economies
  • management challenges of privatization
  • management challenges of entrepreneurship
  • strategic issues associated with the reorientation of enterprises
  • corporate constituencies, changing consumers, labor unions, and pay practices

    Privatization and Entrepreneurship will prove valuable to policymakers in economic development and foreign aid agencies, executives of companies planning to expand into Europe and those already active in the region, and academicians and students in management, economics, and political science.
 

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Contents

Introduction
1
MANAGEMENT CHALLENGES
4
The Translation of Linguistic Symbols
34
Conclusions
41
The Institutional Requisites of Capitalism
45
Where Is the Research from Central
61
Three Concluding Thoughts
72
Managerial Implications of the Transition
79
Requirements for a Successful StartUp
188
Analysis in Context of the Critical Factors of Success
195
Influences on Strategic Decision Making
205
Marketing
219
Patent Protection for Central and Eastern
241
Central and Eastern Europe
250
Conclusions
257
Survival of Newly
279

Conclusion
86
A Mergers and Acquisitions
92
FirstRate Furniture Firm
103
Static Management in a Dynamic Environment
111
Business Before the Velvet Revolution
118
Successful ReCreation
131
Conclusions
137
Skala in the New Environment
145
Epilogue
151
Foreign Direct Investment Linkages
155
Entrepreneurs in PostCommunist Russia
167
Lifestyle Motivations
174
Critical Success Factors for Entrepreneurial
181
Jagenberg Maschinenbau GmbH
286
Labor Relations and Policies in Hungary
293
Implications and Recommendations for Western Investors
299
Russian Pay Practices Preferences
305
Research on Russian Pay Preferences
313
Life and Consumption Styles in the
321
The Transition from Socialism to Capitalism
329
Sample Product Categories
338
Theoretical
344
Newly Formed Firms
355
Index
365
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