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The market entry strategy of Russian Standard (vodka) in the UK.
Pages 10 (2510 words)
Russian Standard Vodka: An Analysis of the International Expansion Strategies into the UK Markets – Research Proposal Your Name Your Degree Your Professor's Name Your University Overview Russian Standard Vodka was launched in Russia in 1998 (Grigorian, 2002)…
This trend is somewhat logical because the collapse of the USSR led to the independence of various states that were part of the Soviet Empire. This came with a lot of unstructured changes and decisions. Some of the problems were connected to the inefficiencies inherited from the Commuist regime. Others were as a result of the transition from the one-party bloc of nations to a free market economy. As the crises increased, the Russian currency fell drastically and quality standards that had gone through a period of strain under Soviet rule were absolutely inadequate. Thus, one of the Russian entrepreneurs named Roustam Tarik decided to include something in his portfolio that could withstand the economic pressures (De Vries, 2004: Grigorian, 2002). In 1998, Tariko's company, Roust Holdings decided to consolidate his hold on something that could be identified with Russia and could be produced according to high standards (Grigorian, 2002). “Tariko wanted to set up something that could be to Russia what Coca Cola is to America, Mercedes Benz is to Germay and Sony is to Japan” (De Vries, 2004 p125). Roust Holdings therefore settled on a Russian Vodka brand that people could identify with their country. They also sought to connect their brand to the highest standards. ...
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