Publisher's Synopsis
It has been a decade since the collapse of central planning in the former communist countries became openly apparent and the rise of market forces took hold. This path-breaking book examines the transition of firms in Russia in their attempt to develop a market economy based on the capitalist model.
Using a longitudinal perspective, the authors evaluate the evolution of Russian firms from the beginning of the 1990s to the end of the decade. They track the developments in four main stages of Russia's capitalist experiment, from the early years of commercialization, through privatization and nomenklatura stages, and concluding with the statization stage at the end of the decade. Drawing on primary data, original interviews and surveys, three types of companies are investigated: state-owned enterprises, entrepreneurships, and hybrid organizations that are primarily private with some state ownership. From their analyses the authors reach conclusions about trends in Russian management, and discuss implications for Russians and Westerners doing business in Russia, suggesting three possible scenarios for the future direction of Russia's capitalist experiment.
