Renewable Energy Company In Russia

Submitted By dhubbard1911
Words: 827
Pages: 4
Open Document
De’Audre Hubbard

Assignment 8.2 Final Project Report

Due to the global environmental changes many nations are aggressively seeking alternative renewable energy resources. Companies also are vigorously pursuing and offering cleaner energy options, for example, solar wind, coal, and natural gas. Because Russia has excelled above other nations in regards to economic growth with mass productions of natural gas and oil exportation, Russia has become the most sought after market for future investments. For companies interested in establishing a renewable energy company in Russia our recommendation is to establish a direct foreign investment business operation company.

Russia in the past few years, as well the rest of the world, has experienced an economic decline as well as its resources. Russia is a fragmented society, undergoing a radical period of change and readjustment. The older order, laws under the Soviet Union regime, have been pushed aside and no longer holds validity, leaving a political and economic void for the Russia business model. This raises the question of whether or not business will change on a day-to-day basis for Russian companies, in such a disparate country, what hold as evident for one region might not resonate in the next. It wasn’t until the fall of communism, Russians approach to do business was always structured by the communist approach. However, the present government has maintained tight control over Russia’s economy since 1996. Since that time, both economic development and foreign investment has increased significantly resulting in a more stable Russia. The government ability to successfully promote and regulate activities in the natural resources sector, including natural gas, has been the main source for the economic development within Russia as we see it today.

Despite, what one might believe, western countries face many challenge in totally understanding the proper approach for conducting business meeting with the Russians. The communal spirit and togetherness distinguishes Russians form Westerners. Esteemed characteristics such as individualism and competitiveness are more common in the West. Americans believe that time is money and punctuality is a virtue, opposite of what many Russians believe. Russians, with an agricultural heritage, believe that time is like the seasons – there is a time for sowing and a time for reaping. As far as the time in between meetings and negations, Russians generally are not very engaged. Russians are notoriously known for being tardy for meetings and feeling as if this type of behavior is standard and acceptable. Americans are often annoyed by the lackadaisicalness of the way things are done in Russia. For centuries, long before the advent of the Soviet system, Russia has always been considered as being the state of oppression and repression. Autocracy and centralized decision making are synonymous with the Soviet system in the opinion of many and is often seen to be manifested within most large Russian business organizations. These companies are usually driven by a strong central figure that makes strategic decisions with little or no consent of others. Therefore, viewing the laws and statues set by the government as ‘enemy’ avoiding and evading them at all cost.

Although Russia and the U.S. have faced many challenges and
Show More

Related Documents: Renewable Energy Company In Russia

International Business Essay

http://bridgingculturekorea.blogspot.com/2010/07/koreas-strategy-for-global-renewable.html onday, July 19, 2010 Korea's Strategy for the Global Renewable Wind Energy Market Offshore Wind Farm By Don Southerton, CEO Bridging Culture Worldwide Early in recent global recession, the South Korean government determined Green and renewable energy technology would be a key growth engine for the ROK economy. A number of Korea firms quickly embraced the mandate. Each week I see these efforts unfolding…

Words 2654 - Pages 11

WK3 mgt521 organizational planning work Essay

Fortune 500 Company name FedEx Corporation 2. The company’s internal and external stakeholders Internal stakeholder’s External stakeholder’s Board of Directors Stockholders/Investors Management Government Agencies Employees Customers 3. Company’s mission and vision Company’s mission FedEx Corporation will produce superior financial returns for its shareowners by providing high value-added logistics, transportation and related business services through focused operating companies. Customer…

Words 843 - Pages 4

Essay StrategyAssignment 1

Student Name Institution Contents Concha y Toro 2 Mobile phones company 3 Soup company 4 Electric appliance company 5 Financial Information about industries 6 References 7 Concha y Toro The company is resident to Chile and is one of the largest producers of the wine in the country. The country produces majority of its wine in Chile and surrounding Latin American nations. The strategy behind this production is that the company markets itself as the producer of wine produced in that region. Also…

Words 1556 - Pages 7

Essay on The World Is Flat

World is Flat Globalization is a process of interaction and integration among people, companies, and governments of different nations. It’s driven by international trade, investment, and aided by information technology. Globalization 1.0 occurred between 1492-1800, when the Old World was expanding markets and acquiring riches primarily by discovering the New World. The main force pushing the process of global integration was how power a country had and how creative they could organize it. Countries…

Words 1191 - Pages 5

Sumsung Company Essay

Introduction Samsung is a Seoul-based electronics company that deals with television sets, cameras, personal computer items, print solutions, cell phones, home appliances and other accessories. Having been started in 1938 as a Korean export business, it has grown to be one of the leading multinationals. The multinational company’s vision is to "Inspire the World, Create the Future." (Samsung, 2013). The company’s philosophy is “to devote our talent and technology to creating superior products and services…

Words 2049 - Pages 9

Nasdaq Research Paper

"NASDAQ”? Do you think of a global electronic marketplace for the buying and selling of stock? Do you think of a number, a market indicator, which tells you how well the stock market performed on a given day? Do you picture the ticker on the market tower in Times Square, glowing bright and blue? Don't worry; there is no one answer. NASDAQ is all of these things and more. What comes to mind when you hear the word "NASDAQ" or see it in print? Do you think of a global electronic marketplace for…

Words 1037 - Pages 5

Dequin Rameyissuue1 Essay examples

Dequin Ramey Globalization And Technology Firms across the globe are experiencing a number of demanding challenges that require extensive strategic planning in order to ensure both their current and future competitiveness. Although consistent advancements in technology have made certain tasks easier, they have also increased competition in their respective industries. This has simultaneously made global marketplaces more accessible and these factors amongst others, have led to some of the greatest…

Words 464 - Pages 2

Essay on Chapter 1

Describe the global environment in which marketing takes place. 3. Show a variety of ways in which a firm may practice international marketing. 4. Discuss current global trends affecting global marketing. Chapter 1 - Slide 2 The Concept of Global Marketing • Global marketing has become important to companies around the world for three reasons: 1. Foreign markets constitute an increasing portion of the total world market, leading to sizeable international sales and profits for many companies. 2. Foreign…

Words 1217 - Pages 5

Global Marketing Essay

Global Marketing March 14, 2011 “The importance of Global Marketing” Global Marketing is very important in our society, and in whole market in the world. Recently, the businesses around the world are trying to make their profit not only in domestically, but by globally as well. Now the marketing business is trying to make all products, more global and less domestic. Global marketing helps businesses to evolve into much greater corporations to make better profit. Domestically, some businesses…

Words 770 - Pages 4

Essay about Running Head BusinessBusinessIntroductionNypro Inc Is A

Business Introduction Nypro Inc. is a global company which deals in the business of manufacturing of plastic at the global level. In addition, it has approximately fifty-two companies in seventeen countries. It offers solutions to the highest quality invent improvement, and global manufacture solution for precision injection molding. Furthermore, this research paper would be helpful to describe the innovation process of Nypro at the global level. In addition, the role of Lakton to manage…

Words 613 - Pages 3