New managers in central and east European companies were faced with daunting challenges to manage their companies through the transition from central planning to competition and to change their companies radically so that their firms would be capable of competing effectively. Based on the...

I develop a theory of radical change using longitudinal cases from central Europe. Radical change is a process by which firms regain competitive advantage after it has been lost. Change depends upon the firm's resources and capabilities; its competition; and its leadership. New core values...

Company transformation in central Europe is qualitatively different from that observed in the West because of upheaval in the institutional environment. Case data from &= in the Czech Republic suggest that institutional upheaval slows the pace and progress of company transformation because it...