Samsung has been involved in the Russian market for around 20 years and sees opportunities to improve its position. Russia is an emerging market with 144 million people, though it also has challenges like a declining population, dependence on oil and gas exports, and a volatile economy. Samsung would benefit from setting up local production facilities to avoid high import tariffs and better understand Russian business customs like long hours, holidays, and centralized management structures.
Reo mk preso 23 01-08 exodus development real estate ferro vienna briefMichael Klimusha
The document discusses real estate development opportunities in Russia and other CIS markets. It argues that there are enough projects in the pipeline for continued growth due to factors like economic restructuring, a young real estate market, attractive returns despite yield compression, and government support. However, it notes the lack of established downtown areas in most Russian cities compared to international standards. Developing downtowns on the sites of relocating industrial areas could help address this issue.
Startup Cities: Moscow, Russia - Me Convention 2018Chinwag
Daria Lipatova, Head of International Acceleration Programs at Skolkovo Foundation presented Moscow as part of the Startup Cities programme at the Me Convention 2018 in Stockholm featuring 20 cities, hosted by Sam Michel.
More at: https://toodlepip.co.uk/2018/20-startup-cities/
The document is a monthly business report from MNI Indicators on business sentiment in Russia. Some key points:
- The MNI Russia Business Indicator rose in July to the highest level in three months, though it remains below levels at the start of 2014 due to economic weakness and geopolitical tensions from Russia's actions in Ukraine.
- Production conditions for large Russian companies slumped to a seven-month low in July, while new orders and export orders improved for the second straight month.
- Companies have been reducing inventories but the pace of decline has slowed, with the inventories indicator just below neutral levels. Input prices declined for the fourth month in a row.
- Access to credit
Paper on Inter-Asian Trade (delivered on 291009 in Bangkok, at the Thai Ports...China Intelligence Online
This presentation is an amalgamation of the speech and presentation given at the 5th Thai Ports and Shipping Summit, held on 29th October, 2009 in Bangkok.
It is intended as an overview of the driving dynamic behind the growth of inter-Asian trade and the potential for regional trade cohesion to insulate the region from future global shocks.
Irfan mumbaPerformance of Global Stock Market Intgration: Empirical Evidencce...Mohammad Irfan
This document analyzes the performance of stock markets in Brazil, Russia, India, China and South Africa (BRICS) between 2007 and 2013. It discusses the objectives of examining risk, return and correlation between the stock market indices of these countries. It also provides background information on each country's stock market, historical performance data, and their importance and role in global economic growth. The BRICS countries are seen as emerging economies that will be among the largest in the world in the coming decades.
This research paper is devoted to the Impact of the World Trade Organization (WTO) on the Export of Kazakhstan. The aim of this study is to understand the problems and consequences that Kazakhstan will face in obtaining WTO membership and to analyze of the influence of the WTO on Kazakhstan's exports by studying the experience of several WTO members
2016 China – Russia Business Seminar. New Opportunities & New ChallengesPwC Russia
19 января 2016 года PwC провела семинар «Россия-Китай 2016. Взгляд в будущее», на котором мы рассмотрели все грани развития российского рынка для китайских инвесторов, обсудили изменения в таможенном регулировании, проанализировали антикризисное управление для инвесторов Китая и на практике разобрали законодательные изменения.
The document provides an overview of doing business in Russia by discussing the country's economy, consumer spending trends, and key considerations for foreign businesses including understanding the market, certification processes, setting up an entity, negotiation strategies, and tips for success. It emphasizes that personal relationships, flexibility, and a long-term commitment are crucial for conducting business successfully in Russia.
Reo mk preso 23 01-08 exodus development real estate ferro vienna briefMichael Klimusha
The document discusses real estate development opportunities in Russia and other CIS markets. It argues that there are enough projects in the pipeline for continued growth due to factors like economic restructuring, a young real estate market, attractive returns despite yield compression, and government support. However, it notes the lack of established downtown areas in most Russian cities compared to international standards. Developing downtowns on the sites of relocating industrial areas could help address this issue.
Startup Cities: Moscow, Russia - Me Convention 2018Chinwag
Daria Lipatova, Head of International Acceleration Programs at Skolkovo Foundation presented Moscow as part of the Startup Cities programme at the Me Convention 2018 in Stockholm featuring 20 cities, hosted by Sam Michel.
More at: https://toodlepip.co.uk/2018/20-startup-cities/
The document is a monthly business report from MNI Indicators on business sentiment in Russia. Some key points:
- The MNI Russia Business Indicator rose in July to the highest level in three months, though it remains below levels at the start of 2014 due to economic weakness and geopolitical tensions from Russia's actions in Ukraine.
- Production conditions for large Russian companies slumped to a seven-month low in July, while new orders and export orders improved for the second straight month.
- Companies have been reducing inventories but the pace of decline has slowed, with the inventories indicator just below neutral levels. Input prices declined for the fourth month in a row.
- Access to credit
Paper on Inter-Asian Trade (delivered on 291009 in Bangkok, at the Thai Ports...China Intelligence Online
This presentation is an amalgamation of the speech and presentation given at the 5th Thai Ports and Shipping Summit, held on 29th October, 2009 in Bangkok.
It is intended as an overview of the driving dynamic behind the growth of inter-Asian trade and the potential for regional trade cohesion to insulate the region from future global shocks.
Irfan mumbaPerformance of Global Stock Market Intgration: Empirical Evidencce...Mohammad Irfan
This document analyzes the performance of stock markets in Brazil, Russia, India, China and South Africa (BRICS) between 2007 and 2013. It discusses the objectives of examining risk, return and correlation between the stock market indices of these countries. It also provides background information on each country's stock market, historical performance data, and their importance and role in global economic growth. The BRICS countries are seen as emerging economies that will be among the largest in the world in the coming decades.
This research paper is devoted to the Impact of the World Trade Organization (WTO) on the Export of Kazakhstan. The aim of this study is to understand the problems and consequences that Kazakhstan will face in obtaining WTO membership and to analyze of the influence of the WTO on Kazakhstan's exports by studying the experience of several WTO members
2016 China – Russia Business Seminar. New Opportunities & New ChallengesPwC Russia
19 января 2016 года PwC провела семинар «Россия-Китай 2016. Взгляд в будущее», на котором мы рассмотрели все грани развития российского рынка для китайских инвесторов, обсудили изменения в таможенном регулировании, проанализировали антикризисное управление для инвесторов Китая и на практике разобрали законодательные изменения.
The document provides an overview of doing business in Russia by discussing the country's economy, consumer spending trends, and key considerations for foreign businesses including understanding the market, certification processes, setting up an entity, negotiation strategies, and tips for success. It emphasizes that personal relationships, flexibility, and a long-term commitment are crucial for conducting business successfully in Russia.
This document provides an analysis of the Russian real estate sector. It finds that the sector is experiencing unprecedented growth, with prime office and residential property prices increasing over 30% in the past year. However, the sector remains underdeveloped compared to international markets. Vacancy rates are very low and yields are compressing. The report identifies ongoing imbalances between supply and demand, and outlines several themes expected to drive continued strength in the real estate market, such as economic growth, increasing availability of financing, and influx of foreign investors. It recommends focusing on real estate companies with strong development pipelines concentrated in high-growth areas.
This document provides an overview of investment opportunities in Moscow and Kiev for the first quarter of 2016. It summarizes three potential investments - Podol Grad in Kiev, Match Point in Moscow, and YE'S in Moscow. For each opportunity, it outlines details like the status, unit sizes, estimated returns, and risks. It then provides property descriptions and maps for the three investments. The document concludes by describing membership privileges for the B-Club, a private real estate investment club focused on finding assets with high upside potential.
The document discusses doing business in Russia, noting that Russia has a growing economy but also contradictions and risks that make it different than other markets. It highlights that private consumption is fueling economic growth and there is potential across industries like services, retail, and infrastructure. Personal relationships are important for success in Russia's business environment due to bureaucracy and a focus on testing rules.
The document discusses the establishment of the Eurasian Economic Union between Russia, Belarus, and Kazakhstan, which aims to integrate their economies and allow free movement of goods, services, capital, and people. Prime Minister Putin hopes this will strengthen economic and trade ties between the former Soviet states. The new union has caused some short-term operational difficulties for freight operators. Looking forward, the union may bring the countries closer economically and politically under Russian influence while expanding the market for Russian and local businesses.
The Russian forest industry faced many challenges in 2014 due to macroeconomic factors outside its control, including the conflict in Ukraine and sharp decline in oil prices leading to currency devaluation. This created uncertainty and decline in capital investment. In 2015, export-oriented sectors may see cautious growth while larger non-exporting players face stagnation or decline. Smaller players have entered survival mode. Official harvesting volumes grew slightly in 2014 but the sector faces challenges of low utilization rates of allowable cuts and illegal logging remaining a problem.
Interview with: Michael Pettis, Finance Professor, Peking University’s Guanghua School of Management, a speaker at the marcus evans Mining Technology and Operations Summit 2013, on the global commodities market.
In a world of constant information flow, silent industry monopolies alter price-manipulation indexes (PMI) to control prices and maintain profits. Government subsidies and production quotas are necessary to gradually stimulate global markets and growth by increasing firm earnings and lowering consumer prices, resulting in marginally less price volatility due to greater wealth distribution.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2016 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
This document provides an overview and analysis of copper mining companies by Resource Capital Research. It includes commentary on the copper price outlook, performance of copper equities, and featured company summaries. 10 Australian copper exploration, development and production companies are reviewed, with details on their share price, market capitalization, cash/debt positions, and project status. The copper price is at a 27-month high and demand is expected to remain strong due to growth in China and a tight supply outlook. [END SUMMARY]
Mercer Capital's Value Focus: Real Estate Industry | Q4 2015 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
Russia has significant natural resource reserves but is heavily dependent on oil and gas exports, leaving its economy vulnerable. International trade opened up opportunities for Russia but also negatively impacted the economy through increased corruption and "Dutch disease". While trade initially benefited consumers and economic growth, long-term issues have emerged such as over-reliance on oil/gas and capital flight due to corruption. Recent sanctions in response to Russia's actions in Ukraine have hurt businesses and inflation, worsening economic problems. For Russia to prosper it needs improved trade, entrepreneurship and government support to diversify its economy beyond natural resources.
The main goal of this research was identifying non-resource non-energy goods with the highest
export potential for export to China from all the variety and complexity of the product range that Russia is able
to export. Under the new bilateral cooperation framework Russia is able to unleash its export potential and
effectively diversify its exports to China, while China - to receive a profitable supplier for the long term.
Reliance Retail is close to signing a joint venture agreement with Toys 'R' Us, the world's leading toy retailer, to launch toy stores in India. The toy retail market in India is worth 6000 crore rupees but is highly fragmented with unorganized players controlling over 60% of the market share. Six government ministries will decide whether to allow foreign direct investment in multi-brand retail in India. Currently only single-brand retail and wholesale businesses are allowed. The IMF projects India's growth rate to be 9.7% in 2010 and 8.4% in 2011, driven by robust industrial production and economic performance. China is expected to grow faster at 10.5% and 9.6%
Large scale Click-streaming and tranaction log miningitstuff
This document discusses using large datasets of shipping label data from eBay to provide automated shipping recommendations to sellers. It describes how label data containing item weights and dimensions is processed using Hadoop to perform statistical analysis and machine learning by category. Improvements are discussed such as differentiating items as light or heavy within categories using clustering and title word analysis. The current approach clusters items, selects important title words for categories, and fits a statistical model to predict item weight from titles. Sampling is also used to handle large categories.
This document outlines the constitution for the Student Government Association (SGA) at Chippewa Valley Technical College. It establishes the purpose and structure of the SGA to represent students and serve as a liaison between students and administration. Key aspects include establishing an executive cabinet to oversee operations, requirements for club representatives and members at large to serve as voting members, and procedures for elections and meetings. The goal is to provide balanced self-governance and ensure student rights and representation in decision making that affects them.
El documento explica los coeficientes de correlación de Pearson y Spearman. El coeficiente de Pearson mide la relación lineal entre dos variables cuantitativas, mientras que el coeficiente de Spearman mide la correlación entre dos variables medidas al menos a nivel ordinal luego de ser transformadas a rangos. Ambos coeficientes oscilan entre -1 y 1, donde valores cercanos a 1 indican una fuerte correlación positiva y valores cercanos a -1 una fuerte correlación negativa.
This document provides an overview of text mining and natural language processing techniques. It discusses bag-of-words approaches, part-of-speech tagging, word sense disambiguation, parsing, and other shallow NLP methods. While full natural language processing is difficult, the document argues that shallow NLP techniques can still provide useful information for text mining applications.
The 2014 Ebola outbreak was the most severe to date, spreading rapidly across multiple West African countries and into the United States. New Jersey designated three hospitals to treat Ebola patients and implemented training, protocols, and $1 million of protective equipment to prevent transmission. Current legislation aims to support healthcare workers exposed to Ebola, use former military facilities as quarantine areas, and improve access to healthcare to help control infectious disease spread.
This document provides an analysis of the Russian real estate sector. It finds that the sector is experiencing unprecedented growth, with prime office and residential property prices increasing over 30% in the past year. However, the sector remains underdeveloped compared to international markets. Vacancy rates are very low and yields are compressing. The report identifies ongoing imbalances between supply and demand, and outlines several themes expected to drive continued strength in the real estate market, such as economic growth, increasing availability of financing, and influx of foreign investors. It recommends focusing on real estate companies with strong development pipelines concentrated in high-growth areas.
This document provides an overview of investment opportunities in Moscow and Kiev for the first quarter of 2016. It summarizes three potential investments - Podol Grad in Kiev, Match Point in Moscow, and YE'S in Moscow. For each opportunity, it outlines details like the status, unit sizes, estimated returns, and risks. It then provides property descriptions and maps for the three investments. The document concludes by describing membership privileges for the B-Club, a private real estate investment club focused on finding assets with high upside potential.
The document discusses doing business in Russia, noting that Russia has a growing economy but also contradictions and risks that make it different than other markets. It highlights that private consumption is fueling economic growth and there is potential across industries like services, retail, and infrastructure. Personal relationships are important for success in Russia's business environment due to bureaucracy and a focus on testing rules.
The document discusses the establishment of the Eurasian Economic Union between Russia, Belarus, and Kazakhstan, which aims to integrate their economies and allow free movement of goods, services, capital, and people. Prime Minister Putin hopes this will strengthen economic and trade ties between the former Soviet states. The new union has caused some short-term operational difficulties for freight operators. Looking forward, the union may bring the countries closer economically and politically under Russian influence while expanding the market for Russian and local businesses.
The Russian forest industry faced many challenges in 2014 due to macroeconomic factors outside its control, including the conflict in Ukraine and sharp decline in oil prices leading to currency devaluation. This created uncertainty and decline in capital investment. In 2015, export-oriented sectors may see cautious growth while larger non-exporting players face stagnation or decline. Smaller players have entered survival mode. Official harvesting volumes grew slightly in 2014 but the sector faces challenges of low utilization rates of allowable cuts and illegal logging remaining a problem.
Interview with: Michael Pettis, Finance Professor, Peking University’s Guanghua School of Management, a speaker at the marcus evans Mining Technology and Operations Summit 2013, on the global commodities market.
In a world of constant information flow, silent industry monopolies alter price-manipulation indexes (PMI) to control prices and maintain profits. Government subsidies and production quotas are necessary to gradually stimulate global markets and growth by increasing firm earnings and lowering consumer prices, resulting in marginally less price volatility due to greater wealth distribution.
Mercer Capital's Value Focus: Real Estate Industry | Q1 2016 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
This document provides an overview and analysis of copper mining companies by Resource Capital Research. It includes commentary on the copper price outlook, performance of copper equities, and featured company summaries. 10 Australian copper exploration, development and production companies are reviewed, with details on their share price, market capitalization, cash/debt positions, and project status. The copper price is at a 27-month high and demand is expected to remain strong due to growth in China and a tight supply outlook. [END SUMMARY]
Mercer Capital's Value Focus: Real Estate Industry | Q4 2015 | Segment Focus:...Mercer Capital
Mercer Capital's Real Estate Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
Russia has significant natural resource reserves but is heavily dependent on oil and gas exports, leaving its economy vulnerable. International trade opened up opportunities for Russia but also negatively impacted the economy through increased corruption and "Dutch disease". While trade initially benefited consumers and economic growth, long-term issues have emerged such as over-reliance on oil/gas and capital flight due to corruption. Recent sanctions in response to Russia's actions in Ukraine have hurt businesses and inflation, worsening economic problems. For Russia to prosper it needs improved trade, entrepreneurship and government support to diversify its economy beyond natural resources.
The main goal of this research was identifying non-resource non-energy goods with the highest
export potential for export to China from all the variety and complexity of the product range that Russia is able
to export. Under the new bilateral cooperation framework Russia is able to unleash its export potential and
effectively diversify its exports to China, while China - to receive a profitable supplier for the long term.
Reliance Retail is close to signing a joint venture agreement with Toys 'R' Us, the world's leading toy retailer, to launch toy stores in India. The toy retail market in India is worth 6000 crore rupees but is highly fragmented with unorganized players controlling over 60% of the market share. Six government ministries will decide whether to allow foreign direct investment in multi-brand retail in India. Currently only single-brand retail and wholesale businesses are allowed. The IMF projects India's growth rate to be 9.7% in 2010 and 8.4% in 2011, driven by robust industrial production and economic performance. China is expected to grow faster at 10.5% and 9.6%
Large scale Click-streaming and tranaction log miningitstuff
This document discusses using large datasets of shipping label data from eBay to provide automated shipping recommendations to sellers. It describes how label data containing item weights and dimensions is processed using Hadoop to perform statistical analysis and machine learning by category. Improvements are discussed such as differentiating items as light or heavy within categories using clustering and title word analysis. The current approach clusters items, selects important title words for categories, and fits a statistical model to predict item weight from titles. Sampling is also used to handle large categories.
This document outlines the constitution for the Student Government Association (SGA) at Chippewa Valley Technical College. It establishes the purpose and structure of the SGA to represent students and serve as a liaison between students and administration. Key aspects include establishing an executive cabinet to oversee operations, requirements for club representatives and members at large to serve as voting members, and procedures for elections and meetings. The goal is to provide balanced self-governance and ensure student rights and representation in decision making that affects them.
El documento explica los coeficientes de correlación de Pearson y Spearman. El coeficiente de Pearson mide la relación lineal entre dos variables cuantitativas, mientras que el coeficiente de Spearman mide la correlación entre dos variables medidas al menos a nivel ordinal luego de ser transformadas a rangos. Ambos coeficientes oscilan entre -1 y 1, donde valores cercanos a 1 indican una fuerte correlación positiva y valores cercanos a -1 una fuerte correlación negativa.
This document provides an overview of text mining and natural language processing techniques. It discusses bag-of-words approaches, part-of-speech tagging, word sense disambiguation, parsing, and other shallow NLP methods. While full natural language processing is difficult, the document argues that shallow NLP techniques can still provide useful information for text mining applications.
The 2014 Ebola outbreak was the most severe to date, spreading rapidly across multiple West African countries and into the United States. New Jersey designated three hospitals to treat Ebola patients and implemented training, protocols, and $1 million of protective equipment to prevent transmission. Current legislation aims to support healthcare workers exposed to Ebola, use former military facilities as quarantine areas, and improve access to healthcare to help control infectious disease spread.
This document provides tips and techniques for headhunting, including how to open calls with candidates, conduct mapping of target companies, develop scripts, and use tricks to get past receptionists. It also discusses doing research on job requirements, clients' businesses, organizations, and employees. Skills like confidence, communication, networking, internet searching, knowledge, perseverance, and integrity are important for headhunters.
The student government officer manual provides guidance for a smooth transition between cabinets and increased productivity. It outlines key tasks that the entire cabinet should complete right away, such as setting meeting times and ground rules. It also covers principles of supportive communication, the officer evaluation process, and general expectations for student leaders.
Partnership Accounting General Background Limitations (compliance approved)Eric Sciarrone
The document discusses best practices for entering capital event data in the partnership accounting console to ensure accurate reporting. It explains that capital event transactions are used to calculate ownership percentages and market values, and must be entered at the end of each month. However, there is flexibility in the timing of data entry. The capital event data is then used to generate reports, but some reports may not be available at the individual investor level due to a lack of transaction reconciliation. Differences between the capital event and custodial transaction data can also result in pending adjustments being displayed.
Matt Pipes
Progress Report #1
Date: March 15, 2015
Project Name: ADRC Storyboard Project
Project Sponsor: Kaylynn Stahlbusch
Project Manager: Matt Pipes
Project Status:
- 2 storyboards completed and approved by ADRC committee
- Photographs taken for remaining 6 storyboards
- Interviews scheduled and conducted with 3 organizations
- Timeline updated to reflect changes from committee meeting
- Project charter signed by all parties
Upcoming Milestones:
- Submit outlines for remaining 6 storyboards by March 20
- Complete drafts of next 2 storyboards by March 27
- Committee meeting on April 3
Nuraliyev Aidar_The economic relations between Russia and ChinaAidar Nuraliyev
The document analyzes the economic relations between Russia and China through a SWOT analysis and discussion of key factors. It finds that Russia and China have complementary strengths - Russia has significant oil and gas resources to supply China's growing energy needs. Increased oil and gas trade benefits both countries by providing China with a secure supply and Russia new markets to diversify from Europe. However, both countries also face weaknesses such as over-reliance on commodities and challenges of integrating their large populations and economies. Globalization and U.S. influence also impact their relationship.
This document provides a landscaping report on financial inclusion in Russia. It discusses the demand for and usage of formal financial services in Russia, noting that remote, rural, older and lower-income populations face greater financial exclusion. It also examines the supply landscape, including banks, microfinance institutions, payment service providers and financial infrastructure/initiatives. Key challenges include expanding access to underserved areas, improving financial literacy and consumer protections, and determining the long-term impacts of recent legislation on financial inclusion. The report provides an overview of the evolving financial inclusion ecosystem in Russia.
This document provides a landscaping report on financial inclusion in Russia. It discusses the demand for and usage of formal financial services in Russia, noting that remote, rural, older and lower-income populations face greater financial exclusion. It also examines the supply landscape, including banks, microfinance institutions, payment service providers and financial infrastructure/initiatives. Key challenges include expanding access to underserved areas, improving financial literacy and consumer protections, and determining the long-term impacts of recent legislation on financial inclusion. The report aims to analyze opportunities and recommendations to further advance financial inclusion in Russia.
This document provides a landscaping report on financial inclusion in Russia. It summarizes that access to formal financial services has increased rapidly in recent years but remains unequal, with remote, rural, older and lower-income populations most excluded. It also notes initiatives to improve financial literacy and establish a financial ombudsman to strengthen consumer protection. The report then analyzes demand and usage patterns before examining the landscape of various financial service providers, infrastructure developments and challenges and opportunities to further advancing inclusion in Russia.
The document discusses international trade trends for Bangladesh and compares it to global and regional trade patterns. It finds that while Bangladesh's trade has grown, it is becoming more dependent on exports to large developed economies like the EU and US, making it vulnerable to economic downturns in those markets. Recent forecasts project Bangladesh's economic growth will slow to around 6% in the next two years due to declining demand from its major export partners in Europe and North America as they continue to struggle with economic crises.
The document discusses Edward Snowden and his decision to leak classified NSA documents about US surveillance programs. It begins by framing Snowden alongside other whistleblowers who risk persecution to expose government wrongdoing for the public good. It describes Snowden as a former CIA technical assistant and NSA contractor who leaked documents revealing the NSA's extensive monitoring of phone and internet data. The summary discusses how Snowden was faced with continuing his comfortable job or challenging the US government. It praises Snowden's courage in facing criticism to expose freedoms he felt were being unjustly curtailed. It concludes by noting the speculation around Snowden's motives and conduct, with some suggesting his kidnapping by the US could be legal.
Trade in National Currencies: Challenges and OpportunitiesSalikhov Marcel
Salikhov Marsel (m_salihov@fief.ru), Institute for Energy and Finance (Moscow, Russia)
19 October, 2018
Center for Iranian Studies in Ankara (IRAM Center)
1. The speaker discusses opportunities for business growth in Russia and the BRIC markets, noting Russia's strong economic growth rate and potential opportunities in the printing industry.
2. While there are some risks in doing business in Russia related to bureaucracy and corruption, the speaker emphasizes the importance of understanding the local business culture and developing the right local strategies and partnerships.
3. The speaker offers the services of their company, Comline, to help international businesses enter and develop sustainably in Russia and CIS markets through distribution, partnerships, and support navigating the local environment.
The document discusses the impact of falling commodity prices on real estate markets in Sub-Saharan Africa. It identifies Nigeria, Angola, Zambia, and Ghana as countries most exposed due to their reliance on commodity exports. These countries have allowed their currencies to depreciate in response to currency pressures from lower commodity prices. The experience of Russia, which also relies heavily on commodity exports, suggests that currency depreciation will put upward pressure on real estate yields in these countries as rents are typically quoted in US dollars. Landlords may offer discounted rates or incentives to retain tenants. The impact on the retail market is expected to be longer-term as consumers adjust to higher import prices and falling real wages.
1) China is experiencing a slowdown in economic growth, with official GDP figures likely overstating the weakness and other indicators like imports and electricity production pointing to lower actual growth.
2) This is due to rising wages reducing competitiveness, the end of using increased construction investment to boost growth, and monetary policy losing effectiveness despite attempts to ease further.
3) Longer term, China's potential growth is expected to decline as productivity gains slow and population aging accelerates sharply after 2020 as the one-child policy impacts the labor force.
The 2016 Global Retail Development Index - ATKearney 2016Oliver Grave
China remains the top country according to the 2016 Global Retail Development Index, despite its economic challenges. India moves to second place due to its huge market potential and improved business climate. The Index finds opportunities in emerging markets in Asia and Africa, while Latin America and Russia face struggles from economic and political issues. Four scenarios for developing market retail in 2030 are examined based on trade openness and technology evolution, with an $8 trillion difference in potential global retail sales depending on the scenario.
Russia's Lost Decade? Challenges to Growth, Recipes for AccelerationAndrey Shapenko
The Russian economy today is going through a critical stage. The growth model, which catapulted the country into the world’s top ten economies’ list has been exhausted and most experts believe that Russia is facing a long period of low or no growth. While the world is moving forward, Russia’s standing still. Hovering anxiously in one place means its economy is becoming smaller and is further increasing its competitive gap.
The ailing economy is often blamed on the falling oil prices combined with the economic sanctions that were imposed on Russia in 2014. However, the array of challenges that the economy is facing today is much broader than that, and the recession in Russia has deeper roots.
This report represents an attempt to discuss those roots and to summarize economic agenda that the country's leadership will face on the way to restart growth, amid the 2018 presidential elections. This agenda will define economic and fiscal policy over the next 5-10 years, and thus will impact anyone who is doing business or going to invest in the country.
A risk report I produced on Russia for my International Banking and Finance unit, highlighting key sovereign and foreign exchange risks facing the country. Obtained the highest grade of all students for the assignment.
The document provides an overview of China's major economic regions and their key characteristics. It describes the Pearl River Delta as China's most vibrant economic region, located near Hong Kong. It is a major manufacturing and consumer market hub. The Yangtze River Delta region surrounds Shanghai and includes major cities like Nanjing and Suzhou. It generates over a fifth of China's GDP and a third of foreign trade. The Bohai Bay region includes Beijing and Tianjin and accounts for around 9% of China's national GDP. The document analyzes each region's economy, logistics infrastructure and dynamics.
This document provides an overview and analysis of the global economic outlook and its potential impact on the luxury goods industry. It examines key economic regions and countries, including China, Japan, the Eurozone, the UK, Germany, and the US. Overall, it predicts modest global economic growth in 2014 and recovery in many markets, which would benefit luxury goods companies, though some regions still face risks and challenges.
Deloitte 2014: Global Powers of Luxury GroupsDigitaluxe
Deloitte presents the first annual Global Powers of Luxury Goods. This report identifies the 75 largest luxury good companies around the world based on publicly available data for the fiscal year 2012.
Prior to 1920, Kazakhs lived in nomadic tribes that migrated seasonally. In 1920, Kazakhstan became part of the Soviet Union and tribes were forced to settle on collective farms. Under Soviet rule, Kazakhstan's economy focused on agriculture and exporting raw materials while heavy industry was less developed. After independence in 1991, Kazakhstan rapidly privatized state assets and introduced a market economy. However, weak rule of law, corruption, and over-reliance on natural resources have posed challenges to long-term sustainable growth.
Intended for practical use by online retailers and service providers, this research study – the first of its kind – sheds full light on cross-border sales to Russia. Based on interviews with 50 top market players and experts, this study provides fascinating data and insights about:
The latest market evolutions: How the market skyrocketed in 2013, why some Western e-merchants are recording slower growth in 2014, and what to expect next;
Russian consumers’ preferences and fears, how to inspire their trust and turn them into loyal consumers;
Why and how international online stores and PSPs should integrate localized payment methods;
How to optimize shipments to Russia and get through the Russian customs seamlessly;
How to fight fraud, and how to increase payment acceptance rates when working with Russian card holders;
How to comply with the Russian legislation – from forbidden goods, to IP protection requirements, to personal data collection, storage and use.
Doing business in russia research project vm consult 2011Вячеслав Макович
This document provides an overview of the Russian market for European managers. It summarizes the leading industries in Russia, including energy, construction, metallurgy, retail, automotive, ICT, and chemicals. It also identifies driving factors for Russia-EU business such as success stories of European companies in Russia, a simplified visa regime, and a growing Russian middle class. Finally, it outlines general challenges of doing business in Russia.
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
Signature content of MTBiz is its Article of the Month (AoM), as depicted on Cover Page of each issue, with featured focus on different issues that fall into the wide definition of Market, Business, Organization and Leadership. The AoM also covers areas on Innovation, Central Banking, Monetary Policy, National Budget, Economic Depression or Growth and Capital Market. Scale of coverage of the AoM both, global and local subject to each issue.
MTBiz is a monthly Market Review produced and distributed by Group R&D, MTB since 2009.
3. 2
Maps of Russia
Federal DistrictsinRussia.Retrievedfrom The Moscow Times(2015).
Map of Russiawithsurroundingcountries. RetrievedfromCIA (2015).
4. 3
Introduction
Russiaisone of the world’sbiggestemergingmarkets.Becauseof this,manycompaniesare
attemptingtosetup operationsinthe Russianmarket. SamsungElectronicsisaSouthKoreancompany
withmanysubsidiariesaroundthe world.Samsunghasbeeninvolvedinthe Russianmarketforaround
20 yearsand is one of the oldestWestern-alliedcompaniesinthe country. ThisgivesSamsunga
competitiveedge andabetterunderstandingof businesscustomsand the Russianmarket.Samsungis
alwaysinthe processof pursuingventuresinRussia.There are,however,several opportunitiesthat
Samsungcouldtake in the marketthat would furtherimprove theirposition andprotectthemselves
fromthe wildlyfluctuatingRussianeconomy.
Background of Samsung Electronics
SamsungGroup has several subsidiariesrangingfrommedical care equipmentandheavy
machineryto finance servicesandchemical manufacturing.The flagshipcompanyownedbySamsungis
SamsungElectronics.Samsung Electronicsisa SouthKoreaninternational company foundedin1969
that dealsinsemiconductors.Asof May2014, Samsung’smarketcap isvaluedtobe $186.47 billion.
Samsunghas three branchesof products:ConsumerElectronics(CE),whichincludesproductslike
washingmachines,televisions,monitors,refrigerators,andothers;InformationTechnology&Mobile
Communications(IM),whichincludesthe verysuccessful SamsungGalaxycellularphone line of devices,
as well ascameras,computers,andothercommunicationsystems;andDevice Solutions,whichincludes
computermemory,integratedcircuits,LEDs,andothercomponents(Forbes,2015).
The International Division
The CEO of SamsungElectronicsGlobal isDr.Oh-HyunKwonwhohas beenwithSamsungsince
1985 and aidedinthe developmentof several productsthat hashelpedSamsungElectronicsrapid
advancementinsemiconductordesign (Samsung,2015a). SamsungGlobal isconsideredtobe the same
5. 4
as Samsung,as the global partof the companyis builtintoit. Samsung’sstructure issetupas an
international areastructure,sotheysetupverycompetitivelyinthe international market. Samsung
Electronicscurrentlyhassalesnetworksoperatingin NorthAmerica,Asia,Middle East,Europe,and
SouthAmerica,includinginUSA and Russia (Samsung,2015b).
Topography of Russia
Russiacontainsplains,mountains,forests,andtundraacrossthe country. Despite itslarge size,
mostof Russia’slandisnotarable because itis toofar north. ThisforcesRussiato relya greatdeal on
outside sourcesof foodtofeeditspopulation(Advameg,2015).Developmentishaltedinmanyareasof
Russiadue to the existence of permafrost,volcanicactivity,earthquakes,andflooding(CIA, 2015).
Because of many of these reasons,mostof Russia’spopulationstaysaroundthe cities,especially
Moscow and St.Petersburg. Since alarge portionof the populationstaysinthe maincities,itmaybe
more attractive to setup headquartersinthose cities.
Russia’saverage populationisalsoagingandon the decline.Whatwas149 millionpeoplein
1990 is144 milliontoday(Chamie,2014).The resultsof anaging anddecliningpopulationmaymake
Russialessattractive fornew,high-techbusiness.
As withmany transitional economies,Russianeedstofostermanagerialtalent.Since Russiahad
beena centrallyplannedeconomy,ithasalot of catching upto do to getworkersand managersthat
can work well inamarketeconomy(Wild,2012). Due to much of the workforce inRussiabeing
unskilled,there isahigherneed forethnocentrichumanresourcespractices. Havingtouse these
practicesmake it more expensivetoopenoperations inRussia.
There are fewfree trade zonesinRussia,asthe governmentisextremelyselective of the
countriesthattheywantto freelytrade with.There isafree trade zone near the SuezCanal that is
intendedforfree trade betweenEgyptandRussia,as well asotherzonesthatare still beingworkedon
6. 5
intendedtoopenfree trade betweenRussiaandthe otherformerSovietstates(RussiaToday, 2015).
There isalso a WorldTrade CenterlocatedinMoscow that may helpinternational companiesenterthe
market(WorldTrade CenterMoscow,2006).
The Russian Economy
The RussiangovernmentstillhasheavyinfluencesfromitsSovietpast.Afterthe dissolutionof
the SovietUnion,the objectivewastotransformRussiaintoa mixedmarketeconomy.Thisobjective
has stalledovertime,however, andhasresultedinasystemthathas onlybeenpartiallyreformed.An
overwhelminglyhighconcentrationof wealthiscentralizedinthe handsof Russianofficials;meanwhile,
the rest of the country’spopulace isverypoor (CIA).MostindustriesinRussiahave beenprivatizedwith
the notable exceptionsof energyanddefense-relatedindustries.Propertyrightsare overallweakand
the private sectorisextremelysusceptible togovernmentinterference.
Afteroverseven(7) decadesof Sovietrule,the Russianeconomystill hasheavygovernment
interference.However,inthe past23 yearssince the SovietUnioncollapsed,Russiahasmade great
stridestobecome a more marketand globallyintegratedeconomyratherthana centrallyplanned
economy(CIA).Thisleaningwasdue toprotestsanddemandsof the Sovietpeople,whichultimately
forcedthe breakupof the SovietUnion.These protestsstartedquicklyafterthe Sovietgovernment
grantedcertainrightsand freedomstoitsrepressedpopulace (suchasfreedomof speech) (The Cold
War Museum,2015). AfterRussiastartedtransitioningtoamarketeconomy,certainpeople hadaleg
up overothers.Membersof the CommunistPartyaswell asmanagersand supervisorsunderthe old
systemgenerallykepttheirelite statusafterthe transition,leavinglittleroomforotherRussiansto
make a betterliving.Due tothis,muchof the Russianpopulationisverypoorandisnot able toafford
manyluxuries—orevenbasicitems(Wild).
7. 6
AlthoughRussiahasa decliningpopulation,thereare still amassive 144 millionpeople living
there, makingRussiathe 10th
most populace inthe world. Withsomany people livingthere,the GDPis
estimatedat$3.6 trillionandisknownasone of the BRICScountries(CIA). Beinganemergingmarket,
Russiahas the potential forhuge economicgrowth.
Russiaisa worldleaderinproductionandexportingof oil,natural gas,steel,andaluminum. Due
to the reliance onthese typesof exports, the Russianeconomyisvery susceptible toswingsasthe prices
of these exportsfluctuate (CIA). Theseswingscanbe dangeroustocompanies thatare not expectingit
and resultsincompaniesthatoperate inRussiakeepingaclose eye onoil pricesoutof necessityto
predictthe swingsinthe Russianeconomy. The Russiangovernmenthasalsobeenknowntoheavily
interfere inthe private sector,whichcanmake the investmentclimateuneasy.The Russiangovernment
has framedandarrestedbusinesspeopleinthe pastwhotheyconsiderto be a threatto the state (Wild).
Russiahas otherstabilityissuesaswell.There have beenpolitical issuessince the breakupof the Soviet
UnionoverboardersbetweenRussiaandthe formerSovietrepublics,like withGeorgiain2008 and with
Ukraine in 2014. Beingclose toareas where terroristgroupsreside canalsocause issuesif Russiadoes
not keepitsnucleararmsunderclose security(Wild).
The current exchange rate betweenRussiaandthe US isapproximately62Russian rublestoone
(1) US dollar.Thisnumberhasincreaseddramaticallyoverthe pastcouple of yearsbeingaslow as 30
Rublestothe Dollarin 2013 (CIA). The drasticfall of the ruble maymeanthat it ischeaperforforeign
investorstoenterthe economy,butitmaybe more difficultforalreadypoorRussian consumerstobe
able to affordtheirgoods.
Russiaexportsmore thanit imports; itsoverall balance of payments in2014 isa positive 59.5
billionUSdollars (Bankof Russia,2015). Russia’sbalance of paymentswiththe UnitedStatesisa
positive 12.9billionUSdollars(Census,2015).Thisis largelydue tothe manytariffsand trade
regulationsinRussia. Telephone equipmenthasa 15% tariff,televisionsetshave a10% tariff,andmany
8. 7
otherconsumerelectronics have similarly hightariffs (Extreme Tracking,2002). These tariffscan make it
difficultforcompaniestoinvestinRussiaby importingtheirproductsforthe Russianmarket.Inmany
cases,it can be more cost effective forcompaniestomake theirproductsinRussiausingRussian
materials.
Business Customs in Russia
Russianbusinessesare oftenopenformearlymorningtoearlyevening(around8pm).Some
may stayopenlaterand mostare eitherclosedorwill close earlyonSundays.There isamiddayhour-
longbreakin Russiacalled pereryv,whichusuallyoccursaround1 or 2 in the afternoon.Severalpublic
holidaysoccurthroughoutthe yearwhichmay affectbusinesshours (VisaExpress, 2015).These include:
NewYear’sDay (January1)
Orthodox ChristmasDay(January7)
International Women’sDay(March 8)
International LaborDay(May 1 and 2)
VictoryDay (May 9)
RussianIndependence Day(June 12)
Day of ReconciliationandAccord/FormallyknownasRevolutionDay(November7)
Alsoto celebrate the spring,most Russianbusinessesshutdownduringthe firsthalf of May
(VisaExpress). Itisimportanttoknowthese holidays,festivals,andcustomsinordertoensure that
meetingswithRussianbusinesseswon’trunintoproblems,asmanymaybe busyor closedduring these
times.
There are a lotof womeninRussianbusinessdue tothe equalityvaluesof the SovietUnion.
Despite these oldvalues,however,manywomeninRussianbusinessare nottakenas seriouslyastheir
male counterparts,andthere are veryfew inseniormanagement.Womenare showeredwithattention
9. 8
and courtesiesaspartof the culture,butwhenitcomesdownto doingbusiness,womenare oftenseen
as inferiortotheirmale colleagues(WorldBusinessCulture,2013). Due to this,itmay be betterto have
male businessmenhandle meetingswithhigherupsinRussiancompanies.
Businessesare verycentralizedintheirmanagementstructure inRussia.Itisoftenseenasa
waste of time to speakto middle managersorlowerbecause theyhave littledecisionmakingability.
You needtohave what isreferredtoas svyasi,orfriendsinhighplaces(Kwintessential, 2014). Managers
are verydirective andgive specificinstructionsfortheirsubordinates. Thesemindsetscome fromthe
Sovieteraand are largelyseeninoldermanagers.YoungermanagersinRussiaare more influencedby
Westernmanagementtheoryandaren’tgenerallyasdirective; however,they are usuallylow onthe
corporate ladder(WorldBusinessCulture). Overtime,itshouldbe expected thatRussianmanagerswill
become lessdirective asthe Sovieteramanagersretire andthe post-Sovieteramanagersenterhigher
positionsincorporations.Forthe presenttime though,itisimportanttorealize the directive and
controllingcharacteristicsof Russianseniormanagers.
Businessmeetingsare consideredtobe a veryseriousaffairinRussia.Itisimportanttobe on
time,andshakinghandswhile keepingeye contact isappropriate whenmeeting (ForeignTranslations,
2015). Because of the seriousnature of the meetings,humorisoftenlookeddownuponduringthese
times.Itisexpectedthatyourdressisas professional asyoursalarywill allow.Inordertogain credibility
(especiallyforforeignbusinesspeople),wearingexpensive lookingbusinessprofessionalclothesis
expected.Manymeetingsare meanttodisseminateinformation.Thisislargelydue tothe directive
managementstyle usedinRussianbusiness.Inmeetingsnotmeantfornegotiation,anyattemptsat
opendebate are considereddisrespectful (WorldBusinessCulture). Highpressuretalkcanmake you
lookimpatientandrude, aspatience isveryvaluedinRussianculture. Itisalsoconsideredtobe rude to
showthe solesof yourshoesin Russian culture. Meetingsthatare meantfor negotiationare generally
betweenhighlevelmanagersandare usuallylimitedtojustacouple of people. Throughoutthe duration
10. 9
of negotiation meetings,patienceisfurthertestedbypeople gettingangryduringnegotiations,
includingthreatsandwalkingoutof the meetingin ordertogetmore concessions—thisisexpectedin
negotiations(ForeignTranslations).These typesof dramaticcultural differencesinbusinesspractice are
whatmake Russianbusinessconfusingtoforeigners,asthingslike pressure are consideredrude,but
angerand threatsare not.
In orderto do businessorworkinteams, everyone involvedhas toget along.InRussiansociety
there isa general suspicionof strangers(WorldBusinessCulture).Considerable amountsof time are
requiredtoestablishpersonal relationshipswithbusinesspartners. A signal thatyouhave establisheda
personal relationshipinRussiaiswhenthe otherpartyasksyou fora favor(Kwintesential). Inbusiness
interactions,firstnames andpatronymics(componentof theirfather’sname)are used.Itisacceptable
for foreigners tojustuse the firstname (International MarketAdvisor,2015).
Wheninvitedtoa Russianhome,itisimportanttobringa gift.If youare male and visiting,you
shouldbringflowers (butnotflowersinevennumbersoryellow flowers, whichsymbolizedeathandare
onlyusedat funerals) (Morrissette,2015).You shouldalsonot bringbabygiftsuntil afterthe babyis
born,as it isseenas bad luck.Youshouldalsobe preparedto have the giftinitiallydeclined(thisis
consideredpolite),butyouneedtoofferagainforthemto acceptit. Diningisgenerallyacasual affair,
withonlya fewthingstokeepinmind.Youare not to begineatinguntil invitedbythe host. Keephands
visible,butdonot restyourelbowsonthe table,andleave asmall amountof foodonyour plate to
signifythatthe hosthas providedample hospitality (Kwintessential).
TransportationinRussiaiscomprisedof mostlyrailways.Forcitizens,bothrailwaysand cars are
used.Cars are generallyonlyusedbythose wholive outside of the citiesthattheyworkin. The restof
populace usesrailwayandotherpublictransportationtogetaround (A.Phillips,personal
communication,April2015). For economicunits,nine tenthsof all transportationforraw materials
11. 10
(exceptforoil,whichis primarily transportedthroughpipelines)runsthroughthe railwaysystems
(Riasanovsky, 2015).
Samsung in Russia
Samsungiscurrentlyheavilyinvolvedinthe Russianmarket.Holding5subsidiariesinthe region
and significantamountsof directforeign investmentin the country,Samsungsellsawide range of
electronicsinthe Russianmarket,includingTVs,smartphones,microwaves,andotherhome appliances.
Samsungalsohas a TV productionfacilitynearMoscow thatproducesaroundfourmillionTVsevery
year(Kyung-Don,2014). SamsungisalsoconsideringRussiatobe one of the firstplacesfor themto
launcha smartphone thatruns a newoperatingsystem—ariskyventure.The reason thattheyare
consideringRussiaisbecause Russiaisthe eighthlargestcell phonemarketinthe world(Riknӓs, 2014)
Samsungwasfirstinvolvedinthe Russianmarketinthe early90s whentheyenteredthe markettohire
the cheap,post-Soviet,scientistsinthe regionforR&D(Shaughnessy,2013).This hascreateda
relationshipwithRussiabeingone of the firstWestern-alliedcompaniestoinvestinthe formerSoviet
Union.
The smartphone marketisone of Samsung’slargestconcentrations.The smartphone marketin
Russiaisrapidlyincreasing,catchinguptomanydevelopedcountries.InRussia,Samsungholdsabout
half of the total smartphone market,wayaheadof itsclosestrival,Apple (Tax,2013).
What Samsung Can Do Better
While Samsunghashad greatsuccessinthe Russianmarket,there are still opportunitiesforthe
companyto furtherimprove itsposition.
While Russiahasseenstronggrowthoverthe past several yearsinthe consumerelectronics
industry,thatgrowthis startingto slow.Thisshouldbe worryingtoSamsung,beingalarge consumer
electronicsmanufacturer(BMIResearch, 2015). The recentinflationof the ruble maybe the reasonthat
12. 11
manyindustries,includingconsumerelectronics, are slowing.Aspricesgo up, fewerRussiansare able to
affordproductsthat may be consideredluxury,suchashighendtelephonesandlarge kitchen
appliances.Withthe potential declineinsales,thiscouldleadtoalotof financial hardship,especially
withthe fourmillionTVsthatSamsungmanufactureseveryyearinthe country.Inorderto fix this
problem,Samsungshouldbe lookingintothe sectorsof the Russianeconomythatare enjoyinghigh
growth,such as manufacturing,engineering,andsteel (Lossan,2014).Insteadof marketing
smartphonesdirectlytoconsumers,Samsungmaywantto considermarketingtheirsmartphonesto
executivesandbusinesspeopleworkinginthese sectorsof the economy.People workinginthese
industriesare beingpaidhighwages,andmayfind Samsung’ssmartphonestobe astrong productivity
tool.
AnotherproblemthatSamsungfacesinRussiaisthe lack of powerful cellularnetworksoutside
of the large cities(OpenSignal,2015). Due to the extreme deficitof 4G cellularsignalsinRussia,manyof
the highendsmartphonesthatSamsungsellsare notable to be usedto theirfull potential.Samsung
may wantto considerpartneringwithaRussiancellularcompany,suchasRostelecom, the onlyRussian
cellularcompanythatoffersservice beyond3G.By doingthis,Samsungcanincrease the range of
cellularnetworksinRussiaandtherefore make theirphone’sabilitiesmore apparent.ExpandingRussia’s
cellularnetworksmayalsobe recognizedbythe governmentasaservice tothe country.This could
resultinSamsungbeinggiventax breaksfromthe extremelyhigh tariffs,givingaseriousadvantage over
itscompetitors.
AnotherthingthatSamsungshouldconsider isanalyzingthe marketfurther,whichcouldbe
done withthe helpof the WorldTrade Centerof Moscow. As the populationof Russiaages,there willbe
fewerpeopleinterestedinthe advancedtechnologythatSamsungoffers.FromaquicklookonSamsung
Russia’swebsite,itisapparentthatSamsungcarriessome extentof aglobal marketingapproach.If
Samsungwere able toappeal to an oldermarket,theymayrealize more profits asnearlyhalf of all
13. 12
Russiansare betweenthe ages25 and 54 (CIA).Atthe same time,Samsungmaybe able to dothis better
than othertechcompanies,since theyhave beeninRussiasince shortlyafterthe SovietUnion
collapse—establishingtrustwiththe Russianswhohave seenthe companyaroundforover20 years—
not an easyfeatdue to the suspicionof outsidersthatexistsinRussiansociety.
Problems Samsung Faces in Russia
Potentially,one of the biggestissuesthatSamsungmayface at timesinRussiaisinteractions
withthe Russiangovernment.Withthe governmenthavingahistoryof pesteringprivatelyheld
businesses,thisisalwaysariskwhendoingbusinessinthe country.Inorderto avoidpotential issues
withthe government,itisadvisedthatSamsungstayoutof Russianaffairstoavoidbeinglabelledasa
threatto the state. If Samsungwere evertobe labeledasa threatto the Russiangovernment,there
couldbe potentiallycatastrophicconsequencesforthe company.
Samsungalsofacesobstaclesrevolvingaroundthe weakruble.Since Samsungisalready
establishedinRussia,itposesproblemstobe able toactuallysell theirexpensive,foreignproductsto
people in Russia—especiallysince alarge portionof the populace isconsideredtobe poor.Duringthis
periodof time though,itwill be easierforSamsungtokeepitsRussianinvestmentsafloatwithforeign
money.
Compatibilities with Russia
Beinga Koreancompany,some businesspracticesinRussiaaren’ttotallyforeigntoSamsung.
The hierarchical structure of businessinRussiaisvery similartothe structuresof Koreancompanies.In
Korea,itis alsoimportantto be on time formeetingsandtobuildrelationshipswithbusinesspartners
(K4E Consulting,2015).Because of many of the similaritiesbetweenRussiaandKoreaintermsof
businesscustomsandetiquette,itmaybe easierforcompaniessuchasSamsungto adjusttothe
RussianbusinessworldthanforanAmericanormore Westernbusiness.The mostdifficultadjustment
for a Koreanbusinesstomake inRussiawouldhave tobe dealingwith the expectationof argument in
14. 13
negotiations.InKoreaitisextremelyimportanttosave face andnot attack businesspartners,while in
Russialanguage thatwouldbe interpretedasdoingsoinKorea isexpectedinnegotiations(K4E
Consulting).
Summary
Despite Samsungalreadybeingverysuccessful inthe Russianmarket,itisimportantthat
Samsungcontinuestoadaptto the Russianmarket.Because of the decliningruble andthe lackof
overall wealthinthe mainpopulationof Russia,Samsungshouldbe focusingonmore wealthypeople
involvedwiththe highgrowthsectorsof the economy.Samsungshouldalso attempttopartnerwith
Rostelecomtoexpandthe 4G networksavailable inRussia inordertoimprove the usefulnessof
Samsung’ssmartphones.Samsungalsoneedstobe researchingonhow toappeal toan oldermarket
due to the everagingRussianpopulation.Byadaptingtothese marketsituations,Samsungcancontinue
itsdominance inRussiaasa consumerelectronicscompany.
Conclusion
Samsunghas done a verygoodjobin the Russianmarket,andas longas it continuestoadaptto
the market,it will continuetodoso. Samsunghasdemonstratedastrongunderstandingof Russian
businessafterbeingthereforlongerthanmostinternationalcompanies. Russiaisstallinginits
transitionfroma centrallyplannedeconomytoamarketeconomy,andit resultsinstabilityissueswith
the governmentinterferinginthe private sectorof the economywhichcanmake itdifficultfor
international companiestoworkinRussia.Samsunghasovercome manyof these obstaclestobecome
successful inthe region,Samsungcancontinue toimprove itssituationinthe countrybykeepingaclose
eye onthe changesinthe economy,political system, andchangingattitudesinRussiabyseekingthe
mostpromisingmarketsegmentsandseekingventuresthatwillmake theirproductsmore attractive to
Russianconsumers.