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.

Strategies of Entrepreneurial Start-Ups

Strategies of entrepreneurial start-ups

The fundamental impulse which sets and keeps the capitalist engine in motion comes from the new consumers' goods, the new methods of production, the new markets, and the new forms of industrial organization that capitalist enterprise creates.

Joseph Schumpeter (1942, p. 83)

During the transition, the organizational landscape has increasingly featured a new class of smaller entrepreneurial firms that compete side by side with SOEs and privatized and reformed firms. A common characteristic that permeates the smaller firms is their sheer entrepreneurial energy. Focusing on these smaller firms, this chapter attempts to shed light on three important questions: (a) How have they risen in an environment traditionally hostile to private ownership? (b) Who are these entrepreneurs? (c) What are the ...

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