Women in Business in Russia

The communist system of Russia preached equality of the sexes but had far less success in achieving the objective than their counterparts in the Peoples Republic of China.

Thus, although a high percentage of the Russian workforce is female, there are very, very few women in senior management positions. This situation shows little sign of changing other than in some of the offices of major MNCs stationed in the country.

Western women working in Russia will be showered with old-fashioned courtesies but may find themselves being less respected in meetings and treated as inferior in rank to male colleagues – whether they are or not!

A brief overview of some key concepts to consider when doing business in Russia

Written and Produced by Keith Warburton

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Overview

Russia is the world’s largest energy exporter which should mean that its economy is strong and that its people prosper. However, a combination of oil price volatility and the impact of economic sanctions put in place in response to perceived Russian military aggression have resulted in years of recession. This has left the country’s potential unfulfilled, as well as an infrastructure crying out for massive levels of investment

Russia does undoubtedly have massive potential. It has boundless natural resources, with a highly educated population who are aspirational and consumerist in nature. If Russia can regain its position as a mainstream player on the global political stage, then it is poised for a very bright future.

So, should you be thinking about doing business in Russia? That’s a difficult one to answer but our advice would be that there is a huge potential up-side in Russia but that before venturing into such a complex market it is essential to do considerable research and due diligence. This advice is sound for any new market but it is doubly applicable when doing business in Russia.
One area of business in Russia that needs research is around the cultural norms you will encounter within the Russian business community. They do things differently in Russia and you need to know what to expect. Who you know is vitally important in Russia but how you interact with key contacts is just as important. Don’t spend months cultivating the right people only to alienate them by doing the wrong thing or communicating in an inappropriate manner.

This country profile provides an overview of some of the key aspects of Russian business culture in a concise, easy to follow-format. The document includes information on:

  • Background to business
  • Business Structures
  • Management style
  • Meetings
  • Teamwork
  • Communication
  • Women in business
  • Entertaining
  • Top tips