International Management in Action: The Political, legal and Technological Environment
Business Report – Delaying Entry into Russia Market
Doing business overseas cannot happen without learning about and trying to understand the customs, cultures, and work habits of people in other countries. Equally, effective management styles must be developed. The example of Russia follows. Russia is moving from a central to a market economy, and management is changing along with that new direction. The United States and Russia interpret “partnerships” differently. Management in Russia is more authoritarian than that of the United States; the chain of command, responsibility, communication, and the decision-making process are all affected by this difference in management style. Looking back at history and incorporating the evolutionary knowledge can aid the understanding of emerging economies.
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