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From Socialism to Capitalism: the Effects of Hungarian Human Resources Practices

  • Author(s): Pearce, Jone
  • Editor(s): Maruyama, Magoroh
  • et al.
Creative Commons 'BY' version 4.0 license
Abstract

Executives from capitalist countries are rushing to form joint ventures with enterprises in the former communist countries of Central and Eastern Europe. Yet, what do these executives really know about the management practices and working relationships in these enterprises? While numerous newsletters and professional news weeklies can provide detailed analyses of the political and legal environment for business, they provide only partial, but vivid, anecdotes about what happens inside these enterprises. Into this analytic vacuum have come untested assumptions, such as 'Em­ployees do not work hard because they have no financial incentive'.

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