The study deals with the issue of managing people in the time when the former socialist enterprises are transformed. The aim of the study is to clarify the human side and the social context of the two phases of transformation - privatization and the strategic partnership by means of a description of changes in managing people. The study wants to extend the views of the transformation with a view from the enterprise. The theoretical background is the theory of modernization as one form of social change, non-economical knowledge of privatization and strategic partnership. The author tries to describe managing people by seven indicators: the strategy and tactics of managing people, relevant contents of managing people, managing people as a daily social activity of managers, the methods and procedures of managing people, important subjects of managing people and response of managing people. The study also shortly informs about the methodology used in sociological research. The final part of the study presents the main findings on the constituent elements of managing people, their comparison in time of privatization and strategic partnership and the comparison of managing people by German and French strategic partners.