Download or read book Succeeding in a Transition Economy written by Erik A. Borg and published by Aalborg Universitetsforlag. This book was released on 2010 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do companies survive when the basic conditions for their existence can change overnight? The question has a newly revived and essential actuality as a result of the recent world economic crisis. The fall of the Berlin Wall on November 9, 1989, and the launch of the German Economic, Monetary, and Social Union on July 1, 1990, radically changed economic conditions for more than 8,000 previously state-, municipal-, or party-owned companies in the former German Democratic Republic (GDR). Overnight, most East German manufacturing plants had been devalued, after having been able to survive for decades thanks to a protected market in the East. For East German companies, the monetary union meant "the introduction of a social market economy without a market," as described by Birgit Breuel, president of the world's largest holding company, the Treuhand agency. In a move without historical precedent and under considerable political pressure, Treuhand privatized 15,000 companies. Many of these companies did not survive. But for several hundred medium-sized and small businesses, the market economy provided a real upturn, and, for about one hundred companies, it opened doors to previously unimaginable opportunities. Today, several of these firms are brand or market leaders in Germany, or even globally. How did these companies succeed? For an answer, this book visits 15 of these companies in various industries and evaluates the strategies they used to survive or, more importantly, become dominant players. Succeeding in a Transition Economy examines what they did differently from the companies that failed.

Download or read book The Uncertainty of Economic Success When Economic Regimes are Uncertain written by Andrew Feltenstein and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We construct a model of a reform economy in transition from central planning to free markets. The eventual success of the reform is uncertain. A numerical implementation of the model examines the implications of two alternative paths, instantaneous or gradual price reform. If the controlled-price sector has sharply decreasing returns to scale in production, then gradualism may lead to welfare higher than that of instantaneous reform. Given the inefficiencies in production in many transition economies, this may help to explain why countries that have used gradualism have sometimes fared better than those that have followed a path of rapid price liberalization.

Download or read book Predictors of CEO Career Success in a Transition Economy written by Kien Duc Nguyen and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Change Management in Transition Economies written by H. Stüting and published by Springer. This book was released on 2003-05-28 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the concepts and instruments for managing change in companies striving towards a market orientation in transition economies. The focus is on the identification of factors, which have led to the considerable success of certain corporations, in spite of the very dynamic environment in transition countries since 1989. The analysis considers problems and solutions for all the relevant stakeholder relationships. Although the case study is largely based on Poland, the book also contains research on the economic, political and social context of doing business in Central and Eastern Europe.

Download or read book Institutional Adjustment for Economic Growth written by Per Ronnas and published by Routledge. This book was released on 2019-05-23 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998, this volume focuses on the special category of countries popularly referred to as ‘transition economies’ through an analysis of small and medium sized enterprises (SMEs) and their role in Asian economies, with a view to assessing whether they could or should provide a model for African countries. The present volume explores the institutional peculiarities displayed by ‘transition economies’. These are economies which are undergoing a comprehensive and fundamental societal transformation with a view to creating a utopian communist society within the frame of a centrally administered economy, then a pluralistic society based on a market economy and the rule of law. Much of the debate on the economic performance of African LCD's has focused on informal sector activities or on the imperative to achieve structural adjustment. By highlighting instead the challenges facing two of the least successful among the African economies - Ethiopia and Tanzania, both of which share a socialist past - this book moves beyond the above issues. It argues that institutional adjustment is critical to the prospects for success in developing transition economies. As such the book investigates the transaction costs environment within which small-scale industrial activities are set. By drawing extensively on the Asian experience, (predominantly China and Vietnam but also India and Taiwan), it identifies sources of transaction costs by examining not only the transactional disadvantages of small-scale production, but also the past and present sources of institutional inefficiency.

Download or read book Business Strategies in Transition Economies written by Michael W. Peng and published by SAGE Publications. This book was released on 1999-09-30 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to comprehensively summarize and extend cutting strategy research with a focus on transition economies. It provides a readable and refreshing overview for seasoned scholars and executives working in this field, as well as valuable insights for newcomers. The book combines theoretical rigor with up-to-date evidence on a highly relevant topic. Mike Peng is already one of the world′s leading strategy and management scholars working on transition and emerging economies, and this book adds significantly to his standing. —John Child, Guiness Professor of Management Studies, University of Cambridge, England and Visiting Professor of International Management, Tel-Aviv University, Israel "The widespread shift from centrally planned to market-based economies has been the most profound change in the world economy since World War II. While a great deal of work has examined the broad economic implications of this transition, far less work has examined its implications for firms and managers. In this seminal work, Professor Peng draws on his extensive experience in transition economics, together with his knowledge of strategic management, to describe how firms in these economies can seize opportunities for growth and success." —Jay Barney, Bank One Professor of Corporate Strategy, Ohio State University "A welcome contribution towards our understanding of firm – level issues in transition economies. A particular strength is the chapter-by-chapter consideration of how strategies vary depending on whether one is a state-owned enterprise, a privatized firm, an entrepreneurial start-up, or a foreign investor." —Paul Beamish, Royal Bank Professor of International Business,University of Western Ontario, Canada A comprehensive account of transition economies from a firm strategy perspective. Thoroughly researched and thought provoking, this book is a most valuable tool for both academics and business executives seeking to operate in this promising yet uncertain territory. —Oded Shenkar, Ford Motor Professor of Global Management, Ohio State University and Professor of International Management and Tel-Aviv University, Israel Business Strategies in Transition Economies probes into the workings of business strategies in former socialist countries in East Asia, Central and Eastern Europe, and the newly independent states of the former Soviet Union, which are collectively called "transition economies." It provides a rich and in-depth understanding of fundamental strategic issues confronted by domestic and foreign firms competing in these newly opened markets. Written by one of the leading scholars in the field, this timely book is comparative, interdisciplinary, and relevant. Focusing on firm-level issues confronting top executives acting as organizational strategists in transition economies, this book covers business strategies of 1.) state-owned enterprises, 2.) privatized and reformed firms, 3.) entrepreneurial start-ups, and 4.) foreign companies. Since transition economies, taken together, promise to be the world′s largest emerging markets in the 21st century, this book will be an invaluable resource for students, scholars, and managers seeking a better understanding of business challenges and opportunities in these markets.

Download or read book Success in the New Economy written by Nick Nanton and published by . This book was released on 2018-04-10 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term "New Economy" is a buzzword that was originally used in the mid-1980s to highlight the transition from heavy industry to a new technology-based economy. By the mid-1990s, high-growth industries on the cutting edge of technology became the face of the New Economy. Electronics, along with the Internet, fueled this new and fast-growing age. One of the most critical features of the New Economy today is faster communication. We now live in an era of 'real time' information. We want answers NOW, not 'in a while.' In addition, your knowledge, perseverance and action in pursuit of your goal, along with some guidance, will carry you more quickly and easily to your goal. The CelebrityExperts(R) in this book have made successful journeys to their chosen goal(s), and they know what works and what doesn't in the New Economy. They are uniquely placed to help those who wish to succeed. Having made the journey themselves, they know the paths to choose and those to avoid. Allow them to guide you on the road to Success in the New Economy. The Future belongs to the competent. Get good, get better, be the BEST! Brian Tracy

Download or read book Small Firms and Economic Development in Developed and Transition Economies written by David A. Kirby and published by Routledge. This book was released on 2017-11-22 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2003. Since the late 1970s there has been considerable interest in the role of small firms in economic development in general and employment generation in particular. Throughout the developed world, governments have introduced a range of measures to encourage small firm growth and development in an attempt to stimulate economic growth, generate employment and foster innovation. Though not all measures have been successful many policies have transferred to the transition economies of Central and Eastern Europe where, since 1989, small firm growth and development has achieved considerable importance in economic restructuring. Accordingly, this volume presents the leading research on the role of small firms in economic development and employment generation in both transition and developed countries. Setting itself in a wider theoretical context, the book also considers the implications for both policy and theory and suggests directions for future research.

Download or read book Transitions at the Top written by Dan Ciampa and published by John Wiley & Sons. This book was released on 2015-04-21 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Clear, actionable guidance toward managing a major leadership change Transitions at the Top is an insightful, informative guide to navigating a change in leadership. A smooth transition is critical to both the health of the organization and the success of the new leader, but good planning and strong strategy can help organizations come out fresher and more driven on the other side. This book provides the specific principles, guidelines, and actions that boards, C-suite executives, and HR leaders need to guarantee a successful CEO transition. Continuity is key as one leader passes the mantle to a successor, and this book spans the steps and events that take place from when the candidate accepts the offer, all the way through the point where a critical mass of followers have accepted him or her as the established leader. Coverage includes guidance on who should be engaged in the process, as well as role-specific advice for each member of the transition management team. Many books have been written to advise new incoming CEOs, but there is little guidance available for the organization as a whole. This book provides actionable advice on smoothing the transition without breaking stride. Maintain continuity during leadership transitions Strengthen focus on culture, systems, and processes Engage all influential executives in smoothing the transition Lay a foundation to help the new leader succeed The transition management team plays a crucial role in maintaining the health of the organization during a time of major change. Strong strategy becomes critical when an organization is in flux, and high engagement is key. Transitions at the Top provides expert insight, clear guidance, and a solid plan for a smoother transition.

Download or read book Different Strategies of Transition to a Market Economy written by Marek Dabrowski and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: March 1996 The government's ability to act fast and with determination is more important to radical economic reform than technical perfection in designing new policy instruments. Political consent to reform measures lasts a short time, so it should be used in full. If the window of opportunity is ignored, the next one may be a long time coming. In 1989, the former communist countries embarked on a transition from centrally planned command economies to market economies (and from repressive dictatorships to Western-style democracies). In addressing the question, What is the optimal strategy for this transformation? Dabrowski revisits the controversy about how quickly and radically the new market rules and their components should be adopted in the former communist countries and discusses the economic and political problems associated with different strategies. Among his conclusions: * Generally, the faster and more comprehensive the economic reform, the more chance there is to minimize its economic, social, and political costs, and to avoid chronic macroeconomic mismanagement. A more radical and disciplined path of transition is all the more important when initial conditions are less favorable and negative external shocks are greater. Only countries such as Hungary -- which had made some progress in market-oriented reform before communism's collapse and which experienced less macroeconomic disequilibrium -- could go more slowly. * Political liberalization and democratization helps the economic transition succeed mainly because it helps weaken the political positions of the traditional communist oligarchy (nomenclatura), which is interested mainly in rent-seeking. * Unless stabilization and liberalization are achieved quickly, microeconomic restructuring cannot be expected to progress quickly, even if privatization does (as it has in Russia). Other aspects of the transition may take more time. For privatization to succeed, for example, a legal base and organizational infrastructure must be created. But even with privatization, a rapid transition is less risky for restructuring and for complex institutional reform than a slow transition. * There is no way to avoid a relatively large decline in output, especially of industrial production in the state sector. * Granting concessions to, and bargaining with, various pressure groups does not produce the expected political results or increase social acceptance of reform. * Governments should not be afraid of aiming too high in embarking on a stabilization program or any other component of transformation. Most post-communist governments do the opposite: dilute the program so much it becomes ineffective. This paper -- a product of the Transition Economics Division, Policy Research Department -- is part of a larger effort in the department to look at progress on macroeconomic reforms in former communist countries as they move to a market economy.

Download or read book Constructing a Market Economy written by Richard W. T. Pomfret and published by Edward Elgar Publishing. This book was released on 2002 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering a cross-comparative study of the transition regimes of the countries formerly characterized by Soviet central planning, Pomfret (economics, U. of Adelaide) argues that the imposition of the Washington consensus has been a qualified success across the board. A major theme of the work is whether economists were able to accurately predict the economic behavior and results of the transition economies and whether they were able to learn from discrepancies. His analysis of this is surprisingly positive, although the arguments for the immediate benefits of mass privatization are noted to be deficient (in hindsight for Pomfret). Annotation copyrighted by Book News, Inc., Portland, OR

Download or read book Building successful companies in transition economies Working Paper Number 193 January 1998 written by Dr Ivan Perlaki and published by . This book was released on 1998 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Transition Economies After Ten Years written by Stanley Fischer and published by . This book was released on 2000 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many questions about the relative roles played by adverse initial conditions, external factors, and reform strategies. This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes, highlighting the role of exogenous factors and the macroeconomic and structural policies adopted by the countries. We find that both stabilization policies and structural reforms, particularly privatization, contributed to the growth recovery. We also conclude that the faster is the speed of reforms, the quicker is the recovery and the higher is growth.

Download or read book Building Successful Companies in Transition Economies written by Ivan Perlaki and published by . This book was released on 1998 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Institutions Transition Economies And Economic Development written by Timothy J. Yeager and published by Westview Press. This book was released on 1999-04-15 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager's Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.

Download or read book Lessons from the Transition Economies Putting the Success Stories of the Postcommunist World Into a Broader Perspective written by Vladimir Popov and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why many transition economies succeeded by pursuing policies that are so different from the radical economic liberalization (shock therapy) that is normally credited for the economic success of central European countries? First, optimal policies are context dependent, they are specific for each stage of development and what worked in Slovenia cannot be expected to work in Mongolia. Second, even for countries at the same level of development, reforms needed to stimulate growth are different; they depend on the previous history and on the path chosen. The reduction of government expenditure as a share of GDP did not undermine significantly the institutional capacity of the state in China, but in Russia and other CIS states it turned out to be ruinous. It is the growth diagnostics that should reveal the missing ingredient for economic growth. Finally, and most important, introducing this 'missing ingredient' should not result in the destruction of other preconditions for growth. The art of the policymaker is to create markets without causing the government failure, as happened in many CIS countries.

Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: