NEIL HOOD is Professor of Business Policy and Director of the Strathclyde International Business Unit at the University of Strathclyde, Glasgow. He is a former Dean of Strathclyde Business School and Deputy Principal of the University. He has published widely in international business, strategy and industrial development. His books include Strategies in Global Competition (with J-E.Vahlne as co-editor).ROBERT KILIS is Assistant Professor at the Stockholm School of Economics in Riga, Latvia, where he teaches economic anthropology. His research interests include social aspects of entrepreneurship and cultural transmission in the Baltic states.JAN-ERIK VAHLNE is Professor of International Business and was formerly Rector of the Stockholm School of Economics in Riga, Latvia. He is now, on behalf of Goteborg University, preparing for the establishment of a new business school to be called the Goteborg Graduate Business School. He has published widely on many aspects of international business.

• Introduction: Transition in the Baltic States, Microlevel Studies; N.Hood, J-E.Vahlne & R.Kilis - SECTION 1: VALUES, ATTITUDES AND PERSPECTIVES - The Baltic Post-Socialist Enterprises and the Development of Organisational Capabilities; S.Radosevic - Organisation and Management Transition in Estonia: A Cultural Approach; K.Liuhto - Collectivism and Individualism in Estonia: An Exploratory Study of Societal Change and Organisational Orientation; M.Vardi & A.F.Buono - Leftism, Achievement, Orientation, and Basic Dimensions of the Socio-economic and Political Attitudes in Baltic Countries versus other Central and East European Countries; J.Jerschina & J.Gorniak - Micro-Economic Differences between or within Baltic Nationalities; R.Rose - SECTION 2: PROCESS AND POLICY - Privatisation and Employee-Ownership: The Development in the Baltic Countries; N.Mygind - Growth in the Hidden Economy: The Case of Estonia; G.Raagmaa - Accounting and Audit in Latvia; I.Ludborzs - Latvia's Emerging Capital Markets; G.Jedrzejczak & A.Fleming - Enterprise Exit in Lithuania; G.Rainys - SECTION 3: SECTORAL EXAMPLES - Problems Facing the Development of Small and Medium-Sized Manufacturing Firms in the Baltic States; D.Smallbone, U.Venessar, L.Rumpis, D.Budreikate - The Investment Behaviour of Individual Private Farmers in Latvia; H-J.Zilcken - SECTION 4: CONCEPTUAL CONSIDERATIONS - Values of the Latvian Road to the Market; G.J.King - The Intangibles of Transition: Attitudinal Obstacles to Change; G.Schopflin - Conclusions; N.Hood, J-E.Vahlne & R.Kilis