This book 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 developed markets.

Institutions, Organizations, and Strategic Choices
Institutions, organizations, and strategic choices

Both what organizations come into existence and how they evolve are fundamentally influenced by the institutional framework. In turn, they influence how the institutional framework evolves.

Douglass C. North (1990, p. 5)

Much of our knowledge about business strategies comes from research on Western firms. According to a competition-based view originating in industrial economics, a firm is usually portrayed as a profit maximizer that competes with others in the industry, erects entry barriers, and bargains hard with suppliers and buyers (Porter, 1980). Another perspective, called the resource-based view, suggests that a firm can be considered as a collection of technological, financial, and organizational resources (Penrose, 1959). Business strategies, thus, entail acquiring and deploying these resources in a way ...

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