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Document Type

Original Study

Subject Areas

Political Science

Keywords

Transition economy, Azerbaijan, envisioned future, vision statement

Abstract

Central Asian Countries which are in transition movement are converting from a centrally planned economy to free markets. The mentioned transition from communism to capitalism causes the economies to remove trade barriers, to support private business and entrepreneurs. Azerbaijan has become one of the rapidly developing economies after gaining independence in 1991. The transformation of Azerbaijan has attracted the interest of investors and caused high economic growth in the last decade. The current condition in Azerbaijan draws the attention of the researcher to investigate the vision of companies in Azerbaijan. The objective of the research is to explore the main dynamics of the envisioned future of these companies. This study is structured as a qualitative research. The sample consists of 141 members of Azerbaijan Republic Chamber of Commerce and Industry as a case of Azerbaijan. The vision statements of the companies have been reached from their official websites and investigated with content analyzing method. According to the results of the research, only 27 of 141 companies have provided clearly-identified vision statements and these statements indicate modern managerial issues such as development/improvement, international/global, values, responsibility, quality, strategy, team-orientation, innovation-creativeness and competition.

Publication Date

2014

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