Management development in post-transition central europe: Challenges and prospects

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    Abstract (may include machine translation)

    The current state of management development in post-transition Central Europe (PTCE) faces a number of serious challenges, necessitating a revision of the management approaches currently used by both domestic and multinational companies operating in the region due to the fundamental and deeply rooted societal and individual discrepancies that continue to separate this region from Western cultures. Despite common practices, it is wrong to assume that the mere adoption of Western models would be sufficient to achieve desired results in terms of management development. Based on a firm-level study of multinational companies based in Hungary, we suggest that companies operating in, or wishing to expand into, the region need to consider new ways of management development that are specifically designed for dealing with local realities, rather than copying what they may do elsewhere in Western societies. Adjustments need to be made throughout all the phases of the employment life cycle, encompassing selection and initial training, as well as the continuous development of employees.

    Original languageEnglish
    Pages (from-to)64-71
    Number of pages8
    JournalGlobal Business and Organizational Excellence
    Volume29
    Issue number5
    DOIs
    StatePublished - Jul 2010

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