Faculty of Management Bratislava
Since the early 1990s, the economy of Central and Eastern Europe has changed dramatically from the planned economy to the free market system.
The transformation of the centrally planned economy of Central and Eastern Europe raised critical questions on management and organization in the large, formerly state – owned enterprises, which had dominated business activities before 1989. In the mass privatization programmes in the region of Central and Eastern Europe, the enterprises have undergone processes that have radically restructured their organization and redefined the nature of management practices. State-owned enterprise managers have proposed and enacted a wide range of structural and managerial changes to prepare their enterprises privatization and survival in the market economy. The actual changes introduced at today´s level have reflected historical, cultural heritage from socialist era as well as the contemporary pressures and problems of the socio-economic transition.
KEY WORDS: Central and Eastern Europe, changes in HRM, structural and managerial changes, enterprises privatization, socio-economic transition.