StudentShare solutions
Triangle menu

Successful Enterprise in Russia - Essay Example

Nobody downloaded yet

Extract of sample
Successful Enterprise in Russia

However, Gorbachev created so-called cooperative enterprises that were allowed by the government. Highly volatility was observed in the institutional environment of the Russia. In many regions, market economy in support of weak institutions, and large variations were found regionally. In other words, the development of the private sector was affected by the corruption, bureaucratic harassment, as well as, racketeering adversely. Furthermore, financial intermediaries that were developed poorly also affected the development of the sector.
"There is a push in Russia to advance the cause of the entrepreneur by providing classes that assist the population in learning how to develop their own business. Reports indicate that other European Universities will see as many as 70% of their higher education centers providing classes on business development". (Lindsay, 2006)
Entrepreneurial development was not considered by the inherited ideology of the Russia, which was similar to a number of other centrally planned countries of the world. In the Soviet, speculators were equated with the period entrepreneurs. Furthermore, profit making by these entrepreneurs was considered as a criminal activity. Independent innovative culture was stifled by the ideology of the Soviet state. On the other hand, development of a punishment-oriented culture was done by the ideologists. In the result, corruption was created by the discretionary power of the officials. Bureaucratic means were used for the running of the economy. Thus, the appetite for risk taking was suppressed by the concentration of reward on plan attainment. (Ellman, 1994)
"Throughout the history of enterprises Russian entrepreneurs did a remarkably good job of seeking out profit opportunities". (Paul, 1987) As a result, informal norms and values were combined with the weakness of formal institution enforcement, and a less-conductive environment was created in the result, which affected the development of new entrepreneurial firms adversely. In this regard, a number of existing barriers to entrepreneurship that are being confronted presently have been pointed out by many authors. Property rights enforcement has been lack in the Russia, which is one of the examples of these barriers. It has also been pointed out that the government officials have enriched their personal needs by the corrupt behavior that has characterized the grabbing hand model of government intervention, which has been emerging in the present Russia.
Although the facilitation of exchange reducing transaction costs has been the one of the objectives behind the designing of the formal rules, different ways can affect the individuals, as well as, groups by them.
"According to --------- As individuals -- and increasingly, collectively in grassroots organizations -- entrepreneurs in Russia are fighting back against the mediocrity and parasitism that is endemic in the country's public and commercial life. They are ideal fighters because entrepreneurs are the first to feel ...Show more


Entrepreneurship is a vital element in the transition to a market economy". The economic growth, as well as, social cohesion is contributed by it. Moreover, it has been observed that the democratic process is also influenced by it. A number of benefits are available from the market economy, which can be taken into awareness by the setting up of a successful small business…
Author : eleonorebeatty
Successful Enterprise in Russia essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Successful Enterprise in Russia"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Post-Soviet Russia
The competition encompassed almost all areas of economic, political, social, and cultural patterns. Therefore, the Soviet Union unexpectedly collapsed in 1991. In the wake of its demise, its component republics broke apart, leaving the Russian Federation as the largest piece with a population cut in half that allowed it to remain the largest country in the world.
12 pages (3000 words) Essay
Trade Legislation of Russia
Russia allows foreign investments in the form of wholly owned subsidiaries, acquisition of assets, participation in joint ventures, acquisition of land and natural resources and property and other activities not prohibited by the Russian legislation. Enterprises with foreign equity participation (joint ventures) as well as their subsidiaries and branches; Enterprises wholly owned by foreign investors as well as their subsidiaries and branches and Branches of foreign legal entities are all allowed to invest in Russia,
7 pages (1750 words) Essay
Russia as a business destination
The Russian economy is relatively stable and this would be a conducive place to conduct business. Additionally, Russia should be considered as a business destination because of government incentives in IT. In the research, it has also been found that Russia favors exports rather than imports.
12 pages (3000 words) Essay
However, its economic power has not pumped up the muscle of the former Soviet Union. While the land mass of Russia is larger than any nation-almost twice that of the United States-its economy is only the ninth largest in the world (Weidenbaum 2004, p. 681).
10 pages (2500 words) Essay
Corruption in Russia
With rapid growth the few corrupt officials holding majority of the power have led to undermining important issues involving human rights. Russia is one of the "G8" countries. The G8 group's interim compliance report,1 at the Sea Island Summit in 2004, mentions Russia's failures in controlling the levels of corruption while translating its undertakings into action.
23 pages (5750 words) Essay
Corruption in Russia
ll out efforts for shaping the fortunes of the country, there were some who were busy taking advantage of the fluid situation prevailing in the country. With rapid growth the few corrupt officials holding majority of the power have led to undermining important issues involving
23 pages (5750 words) Essay
Planning and Organising International Business Enterprise in Russia
Major oil and gas reserves are located in Middle East, Alaska, Russia and China. According to Harry J. Longwell, director of Exxon-Mobil Corporation, demand of oil would be rising at 2% per year and demand of gas would be rising at almost 3%
4 pages (1000 words) Essay
ers for Russia to focus on the lawful exercise of federal authorities in relation to the Northern Caucasus, it is rather concerned with the compliance of the Transcaucasian independent states to the policies regarding international organizations. The establishment and agreement
1 pages (250 words) Essay
Economy in Russia
They have been successful in several fronts, but there are also areas of failure and difficulties. In order to explain the role of the government and the central bank, it will be helpful to outline the
8 pages (2000 words) Essay
ally, Vikings formed an economic unit and embracing a collective name Rus, which with time adopted the natives’ way of life due to the trade they had with Byzantine Realm. Similar to the Russian chronological origin account, its culture highly esteems family and homeland
5 pages (1250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Contact Us