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Big Business In Russia

Big Business In Russia
Author: Jonathan A. Grant
Publisher: University of Pittsburgh Pre
Total Pages: 212
Release: 2010-11-23
Genre: History
ISBN: 0822977311

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Jonathan A. Grant has written a highly original study of the Putilov works—the most famous industrial conglomerate in the Russian Empire during the late nineteenth and early twentieth centuries. With the emergence of a capitalist system in the Russian federation in the 1990s, scholarly debate over the nature of Russian capitalism has been revived, and with this study, Grant issues a major challenge to the conventional wisdom on the nature of the Russian economy in the years before the Bolshevik revolution. Grant argues that the Putilov Company, which manufactured arms for the Russian state and a wide range of heavy industrial equipment for civilian use, adopted business practices that resembled the experiences of large machinery and armaments manufacturers in Britain, France, the Austro-Hungarian Empire, and Germany. This interpretation runs directly counter to the traditional and widely held view that Russian capitalism was shaped by the tsarist state's orders and subsidies and that the tsarist system was incompatible with the development of modern capitalism. Grant makes direct comparisons between Putilov and the famous western firm of Krupp and Vickers, illustrating similar business decisions made by both companies in terms of diversification of the product line and a penchant for private (as opposed to state) markets for primary income. Grant has gone beyond Soviet works on the Putilov plant, examining archival documents of the company and offering critical comments on both Soviet and Western scholarship on Russian economic and social history from the perspective of this important industrial enterprise. Grant not only repeatedly demonstrates that the Putilov firm responded effectively to the changing market for its wide range of industrial products but also shows that the tsarist regime provided far more of the "systemic regularity" needed for capitalist development than generally believed. Grant's work is a significant contribution to this ongoing debate, offering a much-needed case study of Russian business history and a comparative study that extends across national boundaries. Big Business in Russia is essential reading for graduate students in Russian and European history and will also appeal to American and European business leaders eager to understand the historical background of the current economic challenges facing Russia.


The State and Big Business in Russia

The State and Big Business in Russia
Author: Tina Jennings
Publisher: Routledge
Total Pages: 315
Release: 2021-12-28
Genre: Social Science
ISBN: 1000516695

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This book presents a study of the complex relationship between the Russian state and big business during Vladimir Putin’s first two presidential terms (2000–2008). Based on extensive original research, it focuses on the interaction of Russia’s political executive with the ‘oligarchs’. It shows how Putin’s crackdown on this elite group led big business to accept new ‘rules of the game’ and how this was accompanied by the involvement of big business in policy formulation, particularly through the organisational vehicle of the Russian Union of Industrialists and Entrepreneurs (RSPP). It goes on to discuss why Yukos and its CEO Mikhail Khodorkovsky were targeted by Russia’s political authorities and the resultant consequences, namely the end of the relatively successful framework via which state-business relations had been managed, and its replacement by fear and mutual distrust, along with a vastly expanded role for the state, and state-related actors, in the Russian corporate sector. The book explores all these developments in detail and sets them against the context of continued trends towards greater authoritarianism in Russia.


Business And State In Contemporary Russia

Business And State In Contemporary Russia
Author: Peter Rutland
Publisher: Routledge
Total Pages: 191
Release: 2018-02-23
Genre: Political Science
ISBN: 0429981554

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Business and the State in Contemporary Russia is the most recent volume in the John M. Olin Critical Issues series, published by Westview in conjunction with Harvard's Davis Center for Russian Research. In this latest installation, contributors discuss issues as far-ranging as the dynamics of rule in contemporary Russia, the banking elite, the politics of the Russian media business, the political economy of the Russian oil and coal industries, and the causes and consequences of the August 1998 crash.


Russian Business Power

Russian Business Power
Author: Andreas Wenger
Publisher: Routledge
Total Pages: 287
Release: 2006-10-03
Genre: Business & Economics
ISBN: 1134188900

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Since the collapse of the Soviet Union, Russia has developed a powerful business community and a potent network of transnational organized groups. Russian Business Power explores the powerful impact these new actors are having on the evolution of the Russian state and its foreign behaviour. Unlike other books, which focus either on Russia's foreign and security policy, or on the evolution of Russian business, legal and illegal, within the context of Russia's domestic transition, this book considers how far Russia's foreign and security policy is shaped by business. It considers a wide range of issues, including energy, the arms trade, international drug flows, and human trafficking, and examines the impact of Russian business in Russia's dealings with Western and Eastern Europe, the Caspian, the Caucasus and the Far East.


Building Big Business in Russia

Building Big Business in Russia
Author: Yuko Adachi
Publisher: Routledge
Total Pages: 243
Release: 2013-09-05
Genre: Business & Economics
ISBN: 1135147116

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This book examines the development of big business in Russia since the onset of market oriented reform in the early 1990s. It explains how privatized post-Soviet enterprises, many of which made little sense as business units, were transformed into functional firms able to operate in the environment of a market economy. It provides detailed case studies of three key companies – Yukos Oil Company, Siberian (Russian) Aluminium and Norilsk Nickel – all of which played a key role in Russia’s economic recovery after 1998, describing how these companies were created, run and have developed. It shows how Russian businesses during the 1990s routinely relied on practices not entirely compatible with formal rules, in particular in the area of corporate governance. The book fully explores the critical role played by informal corporate governance practices - such as share dilution, transfer pricing, asset stripping, limiting shareholders access to votes, and 'bankruptcy to order’ - as Russian big business developed during the 1990s. Unlike other studies on Russian corporate governance, this book highlights the ambiguous impact of informal corporate governance practices on the companies involved as commercial entities, and suggests that although their use proved costly to Russia’s business reputation, they helped core groups of owners/managers at the time to establish coherent business firms. Overall, the book shows that we cannot understand the nature of current economic changes in Russia without recognising the crucial role played by informal corporate governance practices in the creation and development of big business in post-Soviet Russia.


Corporate Governance of State-Owned Companies in Russia

Corporate Governance of State-Owned Companies in Russia
Author: Rustam Rizvanov
Publisher:
Total Pages:
Release: 2014
Genre:
ISBN:

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Russia plays an increasingly important role in the world economy and politics. It is the world's largest country with immense natural resources, which help Russian government to attract foreign investors and shape European as well as global geopolitical agenda. Its economy has undergone crucial changes from the Soviet central-planning model towards the market-based economy just within two decades. Today, Russia is still considered one of the grey areas for the foreign investors on the world map, as its political and economic system are still in transition and bear significant risks for investors. One of the unique features of the Russian economy, which distinguishes it from the more developed Western countries, is the high State involvement in the economy through ownership in the largest companies in the country. Although, these State-Owned Companies are responsible for the substantial part of country's GDP, there has been limited amount of research on corporate governance of such companies. In order to narrow this gap, the goal of this Thesis is to discover and analyse corporate governance system and standards applied by the State-Owned Companies in Russia and compare them with the available best practices. In order to do so, Hilb's New Corporate Governance (2012) model has been chosen as a main theoretical framework of analysis. Findings of the survey and research conducted by the author show that Russian State-Owned Companies have already implemented compliant corporate governance systems, which to the certain extent enable the proper oversight of the company. Nevertheless, after comparing these systems with best practices available in the literature, the main conclusion of conducted analysis was that, although the significant progress has already been achieved, there is still plenty of room for improvement and refinements which can enhance effectiveness and overall quality of the corporate governance systems observed in the R.


Sales Business in Russia. An Analysis of the Russian Market and the Russian Culture

Sales Business in Russia. An Analysis of the Russian Market and the Russian Culture
Author: Alexander Liebschner
Publisher: GRIN Verlag
Total Pages: 35
Release: 2016-11-17
Genre: Business & Economics
ISBN: 3668343217

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Seminar paper from the year 2014 in the subject Business economics - Miscellaneous, grade: 1,0, University of Applied Sciences Leipzig, course: International Strategy and Sales Management, language: English, abstract: The objective of this paper is to inform and sensitise the reader in terms of doing sales business in Russia. The reader shall understand the challenges and opportunities the Russian market has to offer as well as the meaningfulness of regarding the cultural aspects in doing business. Belonging to the rising BRIC states Russia witnessed huge invests of foreign countries within the last years. This does not surprise because this country has enormous potentials: Primary materials, labour force, a large and growing demand of consuming and a great demand of infrastructure and modern industry. Throughout western countries Germany has an advantage in doing business in Russia. Due to history and the geographical situation Germany is traditionally a bit closer to it and there are still people speaking Russian. Anyway some companies fail on the Russian market. The cause of this is often the wrong mindset: A takeover of concepts and approaches from known markets to a new country especially to Russia is very likely to fail. It is a matter of common knowledge that business strategy is based and adapted from military. Instead of the opponent there is the business partner. Fight is the competition on the market for customers. Thus the author refers to a famous quote describing the intention of the current paper. Sun Tzu, the well-known general, strategist and philosopher of ancient China announced: “If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.” The author applies the following methodology: In the first part the development of the Russian market within the last years is stated. Risks and opportunities are evaluated as a requirement to elaborate the possibilities how to do sales business in Russia within the following part. Each of the two parts are supported by a current case example of German Companies which entered the Russian market. Thereafter the focus is set on cultural aspects. The author approaches the topic by using cultural dimensions of the scientists Geert Hofstede and Edward T. Hall. In the last chapter the gathered knowledge is transformed and concluded to recommendations for doing sales business in Russia.


Corporate Governance in Russia

Corporate Governance in Russia
Author: Alla Dementieva
Publisher: Walter de Gruyter GmbH & Co KG
Total Pages: 276
Release: 2020-12-16
Genre: Business & Economics
ISBN: 3110695812

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This book explores discussions and practice around corporate governance in Russia from the early 1990s until 2018. It covers three major aspects of corporate governance theory and practice: a vision of corporate governance in Russia in the context of global trends and challenges, the general perception of corporate governance in Russia, and the real nature of Russia’s corporate community from the viewpoint of its corporate governance practices. It provides a unique complex analysis and detailed description of how corporate governance has been perceived by both Russian regulators and the business community, and how it has been applied in Russian companies. This analysis covers the period of over 25 years: from early attempts at directing transfer and implanting the Western model of corporate governance to the nascent Russian big private business, up to the period of resurgence of the state as the dominant player both in Russian society and its economy at large. It gives an understanding of what corporate governance is in Russia in the days of "sovereign democracy" and confrontation with the West. It explains how cultural, political, economic and institutional factors have shaped corporate governance in Russia. The authors provide insights into such aspects of Russian corporate governance framework and practices as regulatory philosophy and enforcement, ownership structure, the role of the state, the impact of unfriendly domestic business climate, how the value of corporate governance is perceived in Russian context, etc. Predominantly, the book paints an interesting picture of how the "sovereign corporate governance" model has been shaped in Russia. This book will be useful not just for experts in corporate governance and investors, but also for those who have an interest in modern Russia at large.


Bourgeoisie, State and Democracy

Bourgeoisie, State and Democracy
Author: Graeme Gill
Publisher: OUP Oxford
Total Pages: 397
Release: 2008-05-15
Genre: Political Science
ISBN: 0191562610

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One of the key questions in social science is the role of the bourgeoisie in creating a democracy. An important issue in contemporary international politics is the trajectory of the current Russian political system. This book brings these questions together by exploring the role played by the bourgeoisie in shaping political outcomes in five countries: contemporary Russia, and industrial revolution Britain, France, Germany and the USA. Its main focus is the way the different new business classes have been integrated into the political system, and the implications this had for the political trajectories of the respective countries. The contemporary Russian experience is thrown into relief by comparison with the national experiences of the other four countries, enabling conclusions to be drawn about both the general question of the historic role of this class in democratisation and the more specific question of its role in Russia today.