Current Strategic Actions of Russian Manufacturing Subsidiaries of Western Multinational Corporations
This paper provides a critical analysis of the current strategic actions of Russian manufacturing subsidiaries of Western multinational corporations (MNCs). We retraced the content of strategic actions in various aspects of subsidiary management implemented during 2015–2016 and the activities of strategists of different ranks. We found that some actions implemented during 2014–2016 by MNCs in Russia represent standard strategic practices during downturns. In contrast, other strategic practices (facilities expansion against negative market dynamics and reluctance to change the system of permanent job contracts and abundant employee social benefits) generally contradict with the textbook solution for company strategies during downturns.
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As defined by the OECD and following the international practice, social spending includes all public costs incurred by paying benefits, providing goods and services, as well as tax deductions and discounts, made for social purposes. Among the beneficiaries of these payments and services may be low-income households or certain social groups, such as the retired, disabled, sick and temporarily disabled people, unemployed, and some others. Social spending is generated by such systems as pension plans, healthcare, education (the OECD statistics covers only early childhood education and care), labor market programs, housing, and family policies. This spending is aimed at redistributing resources across households or targets all the citizens and implies compulsory participation. Apart from the definition above, some Russian authors interpret public social spending broader and include funding of the ...
The article focuses on the opportunities for Russian-Chinese industrial cooperation development on the basis of military-technical cooperation between the two countries.
Russian multinational enterprises (MNE) expanded widely in the late 1990s through the summer of 2008 at the onset of the global financial crisis of 2008. The emerging market MNEs have now become a subject of intensive study with a particular focus on the actions and behaviors of firms from Brazil, Russia, India, China, and South Africa (BRICS). This paper attempts to flesh out the reputational and corporate social responsibility (CSR) aspects of this internationalization process. The paper finds that in select cases the reputation of a Russia MNE does play a role in their activities and that these emergent firms recognize host country stakeholders as an audience for concern when conducting OFDI.
During the last two decades corporate international diversification became a widely used growth strategy. However, the majority of scientific researches insist on its value-destroying pattern. Those of them which were based on accounting studies’ methodology and used current performance measures are likely to make an incomplete evaluation of corporate performance by accounting either for operating performance or financial (cost of capital) effects of internationalization. The current paper proposes a new approach for estimation of internalization-performance relationship which is based on economic profit concept. It allows to control simultaneously both operating and financial effects of internationalization on the firms’ current performance. The proposed model has been empirically tested on a sample of large companies from one of emerging economies - Russia. The results identify a non-linear U-shape relationship between a degree of internationalization and companies’ residual income (economic profit). The relationship is mainly determined by operating performance effects on economic profit while cost of capital has a modest effect. Overall for the majority of companies international diversification refers to decrease in economic profit. The results are compared against the Q-Tobin measure which incorporates expectations about future performance. A joint analysis of current performance (economic profit) and long-term performance (Q-Tobin) allows to expect the internationalization benefits to be realized in future. As an implication of the present research for corporate decision makers it may be stated that at the initial level of international diversification the internationalization decisions should be made with a high degree of caution. There should be a clear internationalization strategy based on definite mechanisms of performance improvement. The prestige and other irrational motives which may lead to the value destruction should be pruned.
The book presents multidisciplinary analysis of the various manifestations of post-urban processes in modern society, the scientific understanding of a wide range of issues: the socio-economic and cultural effects and consequences of urbanization are highlighted, features and prospects of ruralization, return migration, the search for new non-urban way of lifestyles in urbanized countries, downshifting and upshifting, the role of modern technology in these processes are described. Special attention is paid to research value grounds, which are largely stem and supported by the space of the modern city.
The book is of interest to a wide range of scientists in humanities disciplines, in particular, sociologists, economists, psychologists, philosophers, cultural studies, political scientists, geographers. The book focuses scientific attention on the new cluster of studies.
The extant literature acknowledges the role of overseas subsidiaries in the growth and development of multinational companies (MNCs). Such subsidiaries are viewed as critical players in the innovation process at MNCs. This topic remains largely underresearched in the Russian context. This study aims to fill this gap by examining the dynamics of the innovation process in Russianbased subsidiaries of global MNCs. We present qualitative findings that indicate Russian subsidiaries are not only recipients of knowledge and technology developed elsewhere in the MNCs.
Content and Language Integrated Learning (CLIL) is a pedagogic approach that has developed in response to the demand for integrating education in both school/university subjects and language skills. Our paper is devoted to the implementation of CLIL programmes in Public Administration within a particular sociolinguistic context: that of Russian universities. Using CLIL as a theoretically grounded framework and as an ideological platform of such an introduction, we have described Public Administration students' and matriculants' ideas on their current CLIL experience. Data comes from a survey of university students (N = 141) and formalised interviews with St. Petersburg universities' matriculants (N = 43). We draw the conclusion that their social environment is mainly monolingual and they perform daily communication in Russian. This is one of the reasons to promote CLIL as a strong methodological conception in the practice of teaching Public Administration in English in Russian higher education institutions.
The author analyzes the most widely applied risk management standards in Russia, emphasizing the lack of a clear system for operational risk management. Reviewing the challenges emerging on European markets due to the introduction of the Solvency II directive, he suggests approaches to the solution of possible problems for Russian insurers.
портовый менеджмент, показатели деятельности, анализ эффективности, система учета, распределение издержек, методы анализа деятельности портовой системы
At present many industries reveal tendency for setting up of vertically integrated companies (VIC) the structure of which unites all technological processes. This tendency proved its efficiency in oil industry where coordination of all successive stages of technological process, namely, oil prospecting and production -oil transportation - oil processing - oil chemistry - oil products and oil chemicals marketing, is necessary. The article considers specific features of introduction of "personnel management" module at enterprises of oil and gas industry.
vertically integrated companies; personnel management