Essay on Doing Business in Russia

Essay on Doing Business in Russia

Length: 1292 words (3.7 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

Researching and understand the education, values, technology, political, economic environment, and social organization of Russia has better enabled an understanding of the way business is conducted and the overall feel of the country. Russia being previously being under communist rule has made them a more recent addition to the global business market. This makes it both challenging and exciting for other countries to do business with them. In recent times, Russia is one of the fastest growing economies and willing to change ways to better accommodate and keep up with Western societies.
Language & Communication: If any, what is the official language spoken? If any, what other languages are spoken in the area? What is the linguistic style and communication style? Some verbal/non-verbal taboos to consider)
The official language of Russia is Russian, although many other minority languages are spoken throughout the country. Russian style of communication varies from that of the United States, naturally, comparing it is the best way to compare and contrast cultural communication differences. At a meeting in the United States, meeting attendees would give feedback and visual communication gestures, as compared to a meeting in Russia, where little or no visual feedback would be given to the speaker. That is taken as a sign of disinterest to people who are not familiar with this form of communication. These

Currently, Russia is in need of educated professionals to take the country to the next level of business and capitalization. In the article Russia’s Human Capital Challenge, published in 2013, Vladimir Mau, a respected Russian economist evaluates Russia’s current educational system and points out main flaws that are curr...

... middle of paper ...

...rdichvili, Alexandre, et al. "Ethical Cultures In Large Business Organizations In Brazil, Russia, India, And China." Journal Of Business Ethics 105.4 (2012): 415-428. Business Source Complete.

Mau, Vladimir. "Russia's Human Capital Challenge." OECD Observer (2013): 42-43. Business Source Complete.

Garvey, John M., et al. "Russia-Focused Venture Capital Supports In-Bound Technology Transfer And Company Building: An Analysis Of Investment Trends And Outcomes." Journal Of Commercial Biotechnology 20.1 (2014): 3-9. Business Source Complete. Web. 14 Feb. 2014.

Evans Clements, Barbara. History of Women in Russia. Bloomington: Indiana UP, 2012.

Akvile Motiejunaite and Zhanna Kravchenko” Family policy, employment and gender-role attitudes: a comparative analysis of Russia and Sweden” Journal of European Social Policy February 2008 18: 38-49, doi:10.1177/0958928707084453

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Russia And The Soviet Union Essay

- Russia has had an economy that was booming when they were under the Soviet Union. Most of the jobs were part of the industrial sector of Russia. There were many companies like oil and gas, metals, and the aerospace during the Soviet Union era. Since that time has come and gone the industrial sector has took a dip and the service sector has seen an increase during post-Soviet Union. Russia has seen an increase in their service sector in the last year and a decrease in their industrial sector. The overall unemployment rate in Russia is around 6% for the whole country....   [tags: Russia, Soviet Union, Wealth, Unemployment]

Strong Essays
998 words (2.9 pages)

Essay on Business Practices and Social Customs in Russia

- In response to your request for information regarding business practices and social custom in Russia, I have compiled this memo to help train and give our employees an idea of what to expect and how they should conduct themselves while traveling to Russia next week. Although the list of business practices and social customs that differ between the United States and Russia is very long, I have selected a group of topics that are most important. Greetings Upon first greeting, you will always shake their hand (shake with right hand and put your left hand on forearm to show respect for guests and elders) and introduce yourself....   [tags: Contrasts, United States, Greetings, Relationships]

Strong Essays
1000 words (2.9 pages)

The Conflict Between Russia and the West Essay

- The environment of international business is getting more complicated because of ever-increasing government interventions and politico-economic conflicts among nations. In “Russia demands $3.8bn security deposit from Visa and MasterCard”, an article published on the Guardian, the escalating standoff between Russia and the West over Ukraine almost halted the business operations of two international credit card companies in Russia. Lately, the Russian government imposed unprecedented requirements on them in retaliation for U.S....   [tags: International Business, Multinational Companies]

Strong Essays
526 words (1.5 pages)

The Challenges of Doing Business Overseas Essay example

- The Challenges of Doing Business Overseas Introduction Steve Kafka is an American business man of Czech origin and a franchisor for Chicago Style Pizza. Steve has determined he would like to extend his business into the Czech Republic. Steve will encounter cultural challenges and will have to overcome risks related to starting up a business in a foreign country. By looking at the major differences and incompatibilities between the U.S and the Czech Republic it will be identified what it will take to get the business to a successful start overseas....   [tags: International Business Culture]

Free Essays
1505 words (4.3 pages)

Business Model Change for Retailers Essay

- “Variety is the only constant” such is the saying of Heraclitus. What was true a century back holds true even today. A gradual change is the undercurrent of time. Change is in the air and retail business cannot lag behind. Plan your change model, check out the long-term and short-term strategies and alter the entire retail landscape. From ancient times till now, it's always about survival of the fittest. Evolving your business to survive whether it’s a high end retail chain selling luxury watches, jewelry or handbag planning a good business scheme for international expansion becomes crucial....   [tags: change model, business retailers, e retailers]

Strong Essays
1434 words (4.1 pages)

Essay about Ethical Business Practices in Brazil, Russia, India and China

- Comparing Ethical Business Practices When travelling for business between different countries it’s very important to understand the different ethical practices. When looking into the different ethical business practices in organizations we will look at the four largest and fastest developing countries which are commonly known as BRIC; Brazil, Russia, India, and China. There are many similarities between these countries; however India and Brazil seem to have a more favorable ethics rating than China and Russia....   [tags: government, behavior, workplace]

Strong Essays
1904 words (5.4 pages)

Russia vs. China: FDI Analysis for Energy Company Essay

- Introduction A company that is considering investing internationally has to evaluate some important factors that are crucial in choosing the right country. In order to choose the best decision a businessperson has to analyze economic, political, geographical and social factors before entering a new market. This paper will analyze two countries using a fictive sample of Energy Company based in US. This private company wants to enter to a new market in one of the BRIC countries located in Europe or Asia....   [tags: Social Risks, Benefits, Political Risks]

Strong Essays
1262 words (3.6 pages)

Should the US Impose Economic Sanctions on Russia Essay

- Living in an anarchical world has many implications. From Milner’s essay (1991), anarchy is said to imply three things. Anarchy may imply the lack of order among the countries which is not the case in the present time. It may imply a lack of government that points out that there is no central authority in the international sphere. Lastly, it may imply a lack of institutions and laws that govern the actions of each country. Fortunately, even though we live in an anarchical world, the international sphere of today’s time has some semblance of order even though it lacks a central government, institutions, and laws....   [tags: ukraine, russians, anarchichal world]

Strong Essays
1667 words (4.8 pages)

Russia's Language, Culture, Customs and Etiquette Analysis Essay

- Russia is notoriously known for their very stern and powerful behavior. Russians behave in a manor complete opposite of easterners for example. Russians rely on a very firm, almost bone crushing of a handshake while maintaining direct eye contact at all times. This customary type of handshake can almost make or break the trust between a Russian and a new found expatriate. The only difference with this handshake is when done so with women, the handshake is then less firm due to the different type of masculinity in women....   [tags: russians, russian culture, business meetings]

Strong Essays
1537 words (4.4 pages)

Policy Proposal for Economic Reform in Russia Essay

- Policy Proposal for Economic Reform in Russia Despite making a recovery after the 1998 market crash, Russia remains weighted with numerous holdovers from the Communist era that keep its economy from taking advantage of free-market reforms. In short, Russia has not prospered under capitalism because it has not yet discovered it. In order to do so, the Russian government must engage in extensive reform in several key areas: improving the rule of law, creating stable monetary policy, and ending a policy of favoritism to particular businesses....   [tags: Economics Political Politics]

Strong Essays
2756 words (7.9 pages)