Thursday, February 18, 2010

How To Craft a Successful Russia Strategy

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The Joseph C. Wilson Professor of Business Administration at Harvard Business School, Rawi Abdelal (), is the author of Capital Rules: The Construction of Global Finance (Harvard University Press, 2007). He pens this piece as well:

The Globe: The Promise and Peril of Russia’s Resurgent State

Short snippet here:
After Putin became Russia’s president in 2000, Goldman Sachs predicted that Brazil, Russia, India, and China would soon be among the world’s most important economies and coined the term BRIC. However, Russia’s economic growth, which averaged a healthy 7% from 1998 to 2007, has been undermined by the global economic crisis. Russia’s economy was projected to contract by 6.8% in 2009, according to the OECD, and Brazil’s by 0.8%, while India’s and China’s were projected to grow by 5.9% and 7.7%, respectively, despite the global recession.
Is Russia in danger of falling out of the BRIC grouping? Would companies be better off entering other emerging markets, particularly given the complexities of doing business in Russia? How do companies craft successful Russia strategies?
More here but you must subscribe or buy a single copy PDF to read the entire piece.
Another good resource is: Doing Business in Russia by the World Bank Group.
And this might be helpful too:

[PDF: Immediate download]

Doing Business in Russia

2 comments:

victor said...

My experience is that the Russian consumer market remains strong despite GDP contraction. However, western companies need strategic partners. Franchising is a great model for that. For example, we at IFG are helping to bring Precision Tune Auto Care and Outback Steakhouse to Russia. It's a great opportunity for the Franchiser and the Franchisees. Some info

mitchdcba said...

I have learned some things that are important..thank you for sharing this How To Craft a Successful Russia Strategy....

doing business in russia