...managers expressed a strong desire for stability in the society, which enables them to think and act strategically. This leads to an optimistic conclusion on the future development of Russia and hope that its business environment will become more developed. Russian have their own leadership style in the business that differentiate it from the other countries.in our research we found that the Russian to their global competencies, have adapted their talents in order thrive in difficult environment. There are some leadership style that we have already discovered which are, flexible with self and environment, create a leadership networks, strive to be a catalyst change, cultivate emotional intelligence, use councils of Boyars, and foster a charismatic leadership. The leaders we studied are unusually flexible. This situation is happen because they tend to have an internal locus of control, which means they able to control their environment and have a strong sense of self efficacy. On the other hand, they also motivated by a desire to continually develop their potential. For example, Russian known as Khodorkovsky have an ability of assimilate and then replicate an evaluation model of capitalism so quickly and very at young age, typifies one of the main strength of Global Russian business leaders. It shows that they have rapidly modern of corporation compare to other...
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...Russian Culture and Human Resource Management Thad Lopez Saint Leo University Human Resource Management (HRM) as described by Ivancevich & Konopaske (2013) is the function performed in organizations that effectively uses employees to achieve both organizational and individual goals. Throughout the years HRM has evolved domestically influenced by both business and social events leaving behind a renewed emphasis on human capital. Today’s environment requires business leaders to focus on the financial returns of the company as well as the contributions of strategic HRM to that end. Organizations are continuing to scan the business environment looking for opportunities creating value and differentiation. Increased evidence points to an engaged workforce as a competitive advantage for many companies and more than ever these organizations are looking to expand internationally. Successful global organizations have come to understand that western theories of HRM may not apply to other cultures and as a result have found ways to remain strategic with HRM outside of their domestic borders. Russian culture is primary example where HRM practices must be evaluated in the context of Russian culture and values. Global Human Resource Management (GHRM) refers to the policies and practices that relates to managing people internationally and according to Ivancevich & Konopaske (2013) the external environment of the international organization is one of the most important...
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...[pic] ConocoPhillips – Final Report MBA 808 – Moscow May 1, 2008 Scott Legler Erin Osborn Greg Whitehorn Introduction The ConocoPhillips and LUKOIL joint venture provides great insight into doing business in Russia. The Russian economy continues to grow as companies domestically and internationally find success in an emerging market once filled with corruption and instability. Through an analysis of the ConocoPhillips and LUKOIL joint venture one can see the opportunities available for those companies who are able to enter this market. ConocoPhillips provides lessons learned and a six-step approach for a successful joint venture business in Russia. ConocoPhillips also provides insight into many of the challenges still facing those who desire to do business in Russia. They prove that with a will to confront and determination to overcome these challenges, business in Russia can prove to be quite profitable. Background ConocoPhillips ConocoPhillips is the third largest energy company in the U.S. Based on market capitalization; it is surpassed in size only by U.S. oil giants Exxon Mobile and Chevron. ConocoPhillips is headquartered in Houston, TX and employees over 32,000 people worldwide in forty countries. According to its website “ConocoPhillips is known worldwide for its technological expertise in reservoir management and exploration...
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...Strategies of foreign companies on the Russian truck market - The Case of Volvo Trucks Graduate Business School Bachelor thesis 15 credits Author: Ekaterina Ilina Supervisor: Florin Maican International Business Master Thesis no 2005:37 Göteborg september 2011 Supervisor: Jan-Erik Vahlne, Roger Schweizer Table of contents 1. Introduction ................................................................................................................ 2 2. Methodology .............................................................................................................. 3 3. Theoretical framework ............................................................................................... 3 3.1 Concept of a strategy ........................................................................................................ 4 3.2 Competitive strategies ...................................................................................................... 4 3.3 Strategies for growth ........................................................................................................ 5 3.3.1 Further look into market development strategy ............................................................. 6 ...
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...Profile: Russian Federation © 2012 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org All rights reserved. 1 2 3 4 08 07 06 05 A copublication of The World Bank and the International Finance Corporation. This volume is a product of the staff of the World Bank Group. The findings, interpretations and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; telephone 978-750-8400; fax 978-750-4470; Internet www.copyright.com. All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax 202-522-2422; e-mail pubrights@worldbank.org. Copies of Doing Business 2012: Doing...
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...Country Analysis: Russia MBA Fall 2015 International Management in Sport and Entertainment Table of Contents Country Analysis: Russia 1 Introduction 1 Economic Environment 1 Political and Legal Environment 2 Culture 2 Conclusion 6 Country Analysis: Russia Introduction Russia is the world’s largest nation, covering 6,5 million square miles, with a population of 143 million people recorded in 2014. Russia borders European and Asian countries as well as the Pacific and Arctic oceans. In order to make a decision, concerning the market expansion of an organization into Russia, the economic environment as well as the political and legal environment will be analyzed with a focus on the cultural aspects. Economic Environment Russia is one of the BRICS countries (Brazil, Russia, India, China and South Africa), which are projected to be the fastest growing emerging economies, with a combined GDP of $16 trillion. With a GDP of $2.6 trillion, Russia is a leading exporter of natural gas and oil and is the fifth largest economy in the world. Services are the largest sector of the economy and accounts for 58 percent of the GDP. The most important segments in services include wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods. This represents 17 percent of total GDP; public administration, health and education (12 percent); real estate (9 percent) and transport storage and communications (7 percent). Industry contributes...
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...Russia and World Trade Organization Subject: International Business Professor: 梁学宏 Student: Kirilenko Viktoriia, vikir27@mail.ru Class: IB2013 Date: 13 December 2015 Table of Content Introduction…………………………………………………………………….3 Goals and Objectives of the Accession to the WTO……………………4 Advantages and Disadvantages of the Accession to the WTO………5 Conditions of Accession to the WTO……………………………………...6 * Terms and Conditions of Russia’s Accession to the WTO * Unfavorable Institutional Environment * Russia Does Not Have Effective Mechanism to Support Domestic Business * Phytosanitary Standards: Good Conditions and Poor Implementation * Sources of Growth of Exports to Russia Are Limited Overall Assessment of Impact of Accession to the WTO…………….10 * Missed Opportunities for Growth * The Overall Picture Conclusion ……………………………………………………………………13 References.……………………………………………………………………15 Introduction Russian economy can effectively develop only in close cooperation with international market of goods and services, in spite of huge potential and resources. It also required by the state reforms inside the country. However, World Trade Organization (WTO) states the rules of game on the international market, on time of international globalization. WTO unify about 160 countries and covers more than 95% of turnover of international trade. Russia should enter to WTO considering strategic...
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...SATAKUNNAN AMMATTIKORKEAKOULU SATAKUNTA UNIVERSITY OF APPLIED SCIENCES Anna Tulinen FACING THE CHALLENGES IN EXPORTING TO RUSSIA SCHOOL OF BUSINESS RAUMA Degree Programme in International Business and Marketing Logistics 2007 TIIVISTELMÄ VENÄJÄN VIENNIN HAASTEIDEN KOHTAAMINEN Tulinen, Anna Satakunnan ammattikorkeakoulu International Business and Marketing Logistics Liiketalouden Rauman yksikkö Tammikuu 2007 Tanhua, Daniela Sivumäärä: 85 Avainsanat: kansainvälinen kauppa, vienti, Venäjä Opinnäytetyön aiheena on Venäjän viennin ongelmien tutkiminen. Työ pitää sisällään teoreettisen osuuden, jonka pohjalta empiirinen tutkimus on tehty. Tarkoituksena oli selvittää minkälaisia ongelmia pienet ja keskisuuret suomalaiset yritykset kohtaavat viedessään tuotteitaan Venäjälle. Venäjän WTO-jäsenyysneuvottelut ovat loppuvaiheessaan ja työn tarkoituksena on myös eritellä niitä etuja, joita tuo jäsenyys saattaa tuoda mukanaan Venäjän kauppaa käyville yrityksille. Teoreettinen osuus kuvailee kansainvälistä kauppaa ja vientiä. Osassa, joka käsittelee kansainvälistä kauppaa, kuvaillaan lyhyesti kansainvälistä markkinointi ympäristöä sekä luetellaan kansainvälisen kaupan esteet ja ne syyt, joiden mukaan valtiot pyrkivät estämään kansainvälistä kauppaa. Kappaleen loppu keskittyy käsittelemään logistiikan tärkeyttä ja ongelmia kansainvälisessä kaupassa. Viennin osuudessa käsitellään viennin peruskäsitteitä sekä kansainvälisen kaupan dokumentaatiota ja tullin roolia. Viitekehys yhdistää...
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...Responsibility Kristina Zinatulina Business and its environment Stephanie Day January 25, 2013 Introduction I would like to start with the definition of Corporate Social Responsibility. It is an organization’s commitment in making ethical choices which consider people, environment and other issues. In my country, Russia there are many companies which have it. Personally I think that Corporate Social Responsibility is a very important activity nowadays. I want to write about “Gazprom”. “OAO Gazprom” is a global energy company. It has many activities such as exploration, production, transportation, storage, processing and marketing of gas, gas condensate and oil, as well as the production and sale of electricity and heat. “Gazprom” is a very important company and it has many stakeholders around the world, but the main stakeholders are the one from Russia and post-Soviet countries. On the 29 December 2006, “Gazprom's” main shareholders were: Russian Federal Agency for Federal Property Management (Rosimushchestvo) - 38.373% ,”Gazprombank “- 41.235% ,”Rosneftegaz” - 10.74%, “Gerosgaz”- 2.93% and “E.ON Ruhrgas” - 2.5% .The Russian government controls 50.002% of shares of “Gazprom” through “Rosimushchestvo”, “Rosneftegaz”, and “Rosgazifikatsiya”. “Gazprom “owns the richest natural gas reserves in the world. Its share of the world's gas reserves is 18 %, Russian – 70%. “Gazprom” has 15% of the world biggest gas productions reserves and 78% of Russian gas production ones. The Scopes...
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...products for: Hair colors, hair restoration, hair wash, hair moisturizing, hair shine, hair protection, and hair growth. The company is currently reaching sales of more than 200,000 million per year. Our products are sold in The US (New York - Headquarters), Dominican Republic, Colombia, Mexico, and Morocco. JD Hair Solution products can be found in any local pharmacy, discount stores, salons, supermarkets, and online. Our products are created with pre-determined formulas and measures that have already been tested and experimented on people from various cultures. We target all markets ranging from upper class to lower class income customers. JD Hair Solution is recognized worldwide and has demands from other countries for potential business. People even come from other countries to purchase our products in high amounts to bring back home. Our products have been featured in movies, commercials, magazines, amongst other sources of recognition channels. Recent studies show that nine in every ten house hold in America has one of our products. We have 80 million followers on Instagram, twitter, and Facebook combine (that about 50 million more than Kim Kardashian). Our brand is recognized for our famous JD Hair Solutions Grower (men hair growth product) and JD Hair Solution Colorful (women hair dye collection). - Briefly describe the product you want to export. The products we will be exporting are JD Hair Solution “Colorful”, “Restored”, “Shampoo”, “Shampoo Kids”, “Conditioner”...
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...Ice Cream Factory Case Study American University of Sharjah School of Business and Management Executive Masters of Business Administration TED & HARRY’S ICE CREAM FACTORY The Russian Experience Case Study Submitted By: Dhia Karajih Hessa Ahli Issam Abbassi Sameera Al Buraiki Ted and Harry’s Ice Cream Factory 2 Q1: Do you think Ted & Harry’s Russia was a success? There are different views about what makes a business successful. Typically success should be judged by the ability of the business to meet its objectives. The success of businesses can then be judged in terms of their ability to meet important targets (objectives) and creating a cycle of stakeholder satisfaction. Accordingly, we should measure the success of Ted and Harry’s Russia against the objectives Ted and Harry have set when they decided to branch out in Russia and see whether it was met. The idea of promoting peace was the main objective, and from this standpoint, we can say that Ted & Harry Russia was successful in its business experience in Russia. In the first place, Ted & Harry's motivation was sourced from their social responsibility and not just to make profit for the business, although it is an important element of the organization's existence in the market. Moreover, the goal of the organization in branching out in Russia was based on the idea that “International Peace Could Be Promoted Through Cooperative Business Ventures” Ted and Harry believed after their first visit to Russia. Considering...
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...opened its borders to the other world in late 80s, but only in 2000s it starts trying to live in the global community as an equal member, not as a newbie. This openness showed the way of life other (mainly developed western countries) have, but if in 1990s people looked at this like an impossible bright toy, in 2000s people start wanting to live that way too. People have changed the values of life, having goods (read here the western goods) as an indicator of the social success and throwing away moral values (Sememenko 2004). Also Russia changed the Spiral Dynamics level. In 1990s it has Red level, that is characterized with the “live today because there can be no tomorrow” (Beck et al. 1999), that was brightly shown by the “new Russians” development that is now gone away. In 2000s Russia has moved mainly to the Orange level, where still the personal interest is prevailing over the interest of the group, but the time horizon changed to have some more time in the future, not yet in generations (as Green level has) but at least the lifetime (Beck at all, 1999). The bandit’s (Red) psychology moved to the entrepreneurial (Orange) one. People start working to have better life in the future. 2000s showed very clear the high...
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...Social and demographic Business diversity theorizes that in a global marketplace an organization that employs a diversity workforce, is better able to understand the social and demographics of the marketplace it serves and is better equipped to be successful in the marketplace. The entire world is using items that are mobile and diverse, with this being said diversity is highly important in any workplace whether you are in the United States or in India. Hyundai Motor Company is one of the most well-known international brands in South Korea as well as the United States, with a leading position in the automobile market. Exploiting new product and market opportunities, we feel that launching and expanding our brand in India and Russia will add value to the organization because of the outstanding work ethics, strong commitment and the higher level of work performance in the Indian and Russian environment. Russian and Indian culture diversity add values to organization because of its strong belief that diversity strengthens organization and provides greater business opportunities, better performances, and greater market awareness and foster a culture of innovation and responsiveness to business. The Russian culture focuses on people orientation, cooperation, sociability, empathy and great interpersonal relationships which are aimed toward pursuing a business strategy that is growth-oriented which is different than those who pursue business strategy that is stability-oriented. ...
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...INC.: Expansion in Russian Telecommunications Market GLOBAL OPERATIONS AND LOGISTICS•TEXT AND CASES Philippe-Pierre Dornier, Ricardo Ernst, Michel Fender, Panos Kouvelis PROFESSOR: PAPADOPOULOS T. CHRISSOLEON COURSE: CASE STUDIES – SPECIAL TOPICS IN SERVICE SECTOR 2014 DERVENI VASILEIA (100) 1/5/2014 CONTENTS: INTRODUCTION 3 THE PROPOSAL 3 TALK TO ME INC. 3 THE RUSSIAN ENVIRONMENT 4 DOUBTS ABOUT THE PROPOSAL 5 DECISION ANALYSIS 5 What really happened 6 REFERENCES: 6 INTRODUCTION The present case study refers to Talk to Me Inc., a company specialized in telecommunications that examined back in 1995 whether or not to expand in the Russian market. The company’s background and action so far, as well as the environment of Russia played a catalytic role in making the decision of expanding in the soviet country. THE PROPOSAL The case begins with the proposal of the Russian Ministry of Communications to Talk to me Inc., known as the 50/50 project. The purpose of this project is to develop an entirely new telecommunications network in Russia and got its name from its goals. In particular, the 50/50 project’s aims were to connect 50 Russian cities, to establish 50 long-distance transit switches and 50 thousand kilometers of digital lines. The 50% of equipment required for the project would be manufactured in Russia and the 50% of the funding would come from Russian resources. This project was...
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...1. Evaluate the risk strategies of Phibro, Mobil, and Conoco (Are their strategies appropriate? Why? What would you suggest to them?) Phibro’s strategy when entering the Russian oil market was to try to take advantage of being the first mover. As a new smaller firm within a large oligopolistic structure of the oil industry Phibro’s move was risky but potentially necessary to in order to move itself to a better position within the market. By moving into Russia first through a joint venture with VNG Phibro hoped to gain access to a significant source of scarce input crude petroleum One of the main reason moving into new market is that a company has a specific expertise to share to allow it to gain a competitive advantage. While Phibro certainly had a capital to contribute to any venture its expertise in the oil industry was limited and it has been in operation only for less than ten years before it took on the White Night Project. This lack of expertise showed itself in the mistakes it made while entering the Russian market. First the company had trusted the Russian estimates of the available oil rather doing its own research. This was a costly mistake when it turned out that the estimates of available crude oil was too generous. Second the company entered into a contract that left it dependant of on its foreign partner. Phibro promised to provide capital to find the needed technology and services, while VNG would provide the feels and the infrastructure. This left Phibro with...
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