Organizational Transformation in Transition Economies: Resource-based and Organizational Learning Perspectives
Klaus E. Meyer and
Michael A. Hitt
Journal of Management Studies, 2003, vol. 40, issue 2, 257-282
The capitalist and socialist societies of the twentieth century assigned firms different roles within their economic systems. Enterprises transforming from socialist to market economies thus face fundamental organizational restructuring. Many former state-owned firms in the transition economies of Central and Eastern Europe have failed at this task. These firms have pursued primarily defensive downsizing, rather than strategic restructuring, as a result of both internal and external constraints on restructuring strategies. Copyright 2003 Blackwell Publishing Ltd..
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