New ventures and entrepreneurship in an Eastern European context: : a training and development programme for managers in state‐owned firms

Abstract

As part of the Romanian Government′s plan to create a market economy, state firms are required to restructure by disaggregating, commercializing and privatizing their operations. The Government is also encouraging the development of a small and medium‐sized enterprises (SME) sector, and one of the best prospects for the creation of SMEs is for them to be spun off from state firms as they disaggregate and downsize. Among the barriers to this are the lack of experience in creating new venture spin‐offs and the lack of entrepreneurial managers to take charge of them. Suggests conceptual mapping as a means to explore implications of restructuring and opportunities for training interventions. Describes a training and development project, the key to which is the commitment of senior management to the process of change. Describes and evaluates a process‐based training programme designed for senior managers, based on the experience of six workshops for 60 participating firms in Russia.

Citation

Nelson, E.G. and Taylor, J. (1995), "New ventures and entrepreneurship in an Eastern European context: : a training and development programme for managers in state‐owned firms", Journal of European Industrial Training, Vol. 19 No. 9, pp. 12-22. https://doi.org/10.1108/03090599510096590