The theoretical conceptualisation of management has produced a vast number of categories that have been used to underpin a variety of interpretative frameworks. This paper is a continuation of the efforts to create management models as simplified representations of the reality and as...

This paper discusses the mechanisms of corporate governance in a centrally planned economy, following Kornai’s classical work on the Socialist system. We evaluate the role of different co-ordination mechanisms used in central and east European countries. A critical analysis of the five...

This paper introduces a new conceptual model for comparative research of management practices and social transformations in the context of the transition societies in Eastern Europe. The objectives of the research were: to develop an overview of the management system in Bulgaria before 1989 and...

This paper represents a comparative analysis of seventeen case studies from Central and Eastern Europe, selected from different published sources. The analysis of these business cases is used to highlight the typical strategic responses of firms to the unstable business environment in the...

This paper looks at the history of management science and practice in Bulgaria during the period of socialist central planning. The paper reviews the role of different institutions and their contribution to strategic decision making, and the management of supply and demand at macro level. The...

Research at the intersection of industries, regions, cities, clusters and economic growth has populated the academic literature with new concepts such as place-based policies and strategies. The concept of ‘place management’ originates from the concept of urban development, alongside its...

European Smart Specialization (S3) policies aim to mobilize innovation and entrepreneurial capabilities and to deliver job creation and economic growth through inter-regional cooperation. The foundation principles for this policy initiative are an entrepreneurial discovery process that aims to...

In a period when the globalisation of the World reveals systemic problems on a global scale, a search for systemic solutions is on the agenda. This paper offers a critical analysis of the five co-ordination mechanisms proposed by Kornai (1992) (bureaucratic, market, self-governing, ethical and...

Our paper intends to take a broader view on the transition in Central and Eastern Europe, and to identify the current links and relationships between privatization policies, FDI in-flow in the region, and the effect of transition policies in general. Our review of alternative forms of...

The aim of this paper is to look at the results from the mass privatisation in Bulgaria as one of the basic pillars of structural reform. A database from the first wave of the mass privatisation was used for the secondary analysis of the investment strategies of the Bulgarian privatisation...