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Following the collapse of European state socialism, economists quickly identified a central role for foreign direct investment and Western multinational corporations in moving the region towards a market economy. Knowledge transfers and capital infusions would allow former state-owned enterprises to take on market-economic characteristics and therefore engage more fully in the global economy. This article examines the post-socialist management experience of international joint ventures (IJVs) through a study of the critical events in the life of a German–Czech IJV. The story is told from the local managers' perspective and, drawing on the vocabulary of organisational identity, sense-making and sense-giving actions, we show how the IJV process is constrained and enacted by the post-socialist context.
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Clark et al. (2012) studied this question.
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