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Stakeholder or Shareholder Orientation? Entrepreneurial Careers and Value Preferences of Entrepreneurs in East Germany

In: Change in SMEs

Author

Listed:
  • Rainhart Lang

Abstract

Entrepreneurs and managers play a decisive role not only in firm restructuring but also in building trust and commitment of co-workers, which are essential pre-conditions for economic survival and success (Puffer et al. 2000; Kandil and Walter 2002; Waldner 2003; Lang 2007). This is especially true in transforming societies, where entrepreneurship and private management have been newly institutionalized, thus making it necessary to re-invent corporate values and leadership styles. (Marinov and Marinova 1996; Clark, Lang and Balaton 2001; Edwards and Lawrence 2000; Ardichvili 2001; Lang and Steger 2002; Steger and Winkler 2003; Lang et al. 2005). As a result of ‘recombination’ (Stark 1996) or ‘bricolage’ (Clark et al. 2001) new practices emerge that contribute to the specific features of a new Central and East European capitalism that differs from western models.1

Suggested Citation

  • Rainhart Lang, 2008. "Stakeholder or Shareholder Orientation? Entrepreneurial Careers and Value Preferences of Entrepreneurs in East Germany," Palgrave Macmillan Books, in: Katharina Bluhm & Rudi Schmidt (ed.), Change in SMEs, chapter 4, pages 77-98, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-22778-1_5
    DOI: 10.1057/9780230227781_5
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