Hidden Champions of Russia

Irina Skorobogatykh (), Olga Saginova (), Zhanna Musatova (), Ekaterina Molchanova () and Sofia Sedenko ()
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Olga Saginova: Plekhanov Russian University of Economics
Zhanna Musatova: Plekhanov Russian University of Economics
Ekaterina Molchanova: Moscow School of Management Skolkovo
Sofia Sedenko: Moscow School of Management Skolkovo

A chapter in Hidden Champions in Dynamically Changing Societies, 2021, pp 359-386 from Springer

Abstract: Abstract This chapter describes the evolution of the business environment in Russia since the state-controlled economy was replaced with a market-oriented economic system. It covers the political climate, industry developments, macroeconomic indicators, customer behavior, and more. It examines the general context of present business opportunities for small and medium-sized enterprises in Russia with particular reference to hidden champions. The authors revealed distinctive features inherent to Russia’s hidden champions in terms of market leadership, innovation, competitive advantage, management, and leadership style. The study concludes that, although the short horizon of the Russian economy seems to be uncertain and turbulent, the potential of the hidden champions is huge in the long run, considering their key advantages in their market niche.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65451-1_23

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DOI: 10.1007/978-3-030-65451-1_23

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