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Russian managers entered the decade of the 1990s ill-prepared to manage their companies in the country's chaotic transition to a market economy. This article draws lessons for transferring Western management knowledge to Russian managers from programs conducted over a ten-year period by the Rayter Group, a cross-cultural training organization. The group's experience underscores the transitional nature of business values among Russian managers, including the need to recognize the barriers and potential opportunities that traditional culture and values can create, as well as the potential for newly developing ones to support the transfer of Western knowledge. These two sets of values must be understood and appreciated by those transferring knowledge through the design and execution of management education programs, as well as in other situations like joint ventures and parent …