NEW MANAGERIAL APPROACHES IN ORGANIZATIONS' HUMAN RESOURCES AS A RESULT OF PRIVATIZATION

One of the main challenges encountered in the privatization process refers to the transformation of the former management of state enterprises into a new management system, able to meet the new demands of a market economy. This challenge is addressed not only to local organizations, but also to multinational companies seeking to expand into former communist countries. They are in a different socio-economic circumstance that conditions opportunities and limits transferability of management practices and concepts of organizational management in the West. These have to be reinvented and/or adapted locally. [PUBLICATION ABSTRACT]