Recent events in Eastern Europe have given new meaning to the term dynamic change. Since the demise of the Soviet Union, much attention in the popular press has focused on the dramatic challenges facing managers of enterprises in the emerging Russian Republic. However, there is still very little empirical information about what Russian managers really do or any comparisons with U.S. managers. The assumptions coming out of the news media are that the Russians are failing badly because they know little about modern management techniques and, in fact, U.S. and Russian management systems are quite different. The time has come to assess these assumptions.