Business Strategies in Transition Economies

Abstract

The article presents a review of the book “Business Strategies in Transition Economies,” by Michael W. Peng. Despite the title, the bulk of the book presents an analysis of the relations between the unique institutions of the transition economies (TEs) and the behaviors of firms that operate in those economies. This analysis is particularly helpful to business executives (especially those based in industrialized market economies) seeking an in-depth understanding of their potential competitors, collaborators, suppliers, and customers from TEs.