Global Agenda Council on Russia 2014-2016
Difficult macroeconomic conditions, ongoing geopolitical tensions in Eurasia, and the continued deferral of structural and institutional reforms are creating an ever-growing risk of persistent economic deceleration in Russia. At such a critical juncture, it is important to look beyond the immediate roadblocks and stifling policy constraints and instead focus on the long-term sources of the country’s growth.
In this challenging context, innovation has become a necessity. Russia's entrepreneurs are turning weaknesses into strengths, addressing market failures and finding new ways to satisfy local consumer demand. Where multinationals are only beginning to understand the market, Russian businesses are already adapting to the domestic context. Some entrepreneurs and companies have even achieved worldwide recognition.
The most recent report from the Global Agenda Council on Russia explores how Russian companies have succeeded locally and globally. It also looks at the kind of leadership strategies entrepreneurs have developed to lead a company in an era of global interconnectedness. The report aims to support both SMEs and large corporations in Russia, exchanging best practices on innovative business models, and ultimately unlocking new sources of growth.
As we observe the increasingly difficult macroeconomic conditions, there is the ever-growing risk of persistent economic deceleration in Russia. At such a critical juncture, it is especially important to go beyond the immediate roadblocks and stifling policy constrains and to focus on the long-term sources of the country’s growth. Below the surface of the bleak image of the country, a vibrant entrepreneurial culture is creating true entrepreneurial leaders.
The report is a compilation of surveys, interviews and focused discussions on the theme of entrepreneurship, continuing the momentum of the Global Agenda Council’s work in Russia. Despite the challenging business climate in Russia, select entrepreneurial leaders have emerged by adopting innovative business models and leadership strategies, combining Russian traditions with global best practices.
Collecting insights directly from business leaders of start-ups, SMEs and large corporations outside of the natural resources sector, the report has provided a new perspective on how these companies, not satisfied with the business-as-usual approach, succeed in the complex Russian market.