1st Edition

Corporate Strategy in Post-Communist Russia

By Mikhail Glazunov Copyright 2016
    216 Pages
    by Routledge

    214 Pages
    by Routledge

    Russian businesses in the post-Soviet period have been noted for their unusual, sometimes allegedly corrupt, business practices, and for their role in the enrichment of oligarchs. This book, which includes a wide range of case study examples, and which draws on the author’s first-hand experience of running a Russian company, argues that a key to understanding contemporary Russian business is the importance of arbitrage, that is the ability to take advantage of price and cost differentials in different markets. The book argues that the conditions for such arbitrage advantages are often created by businesses which have special links to particular institutions; that arbitrage benefits are not available to all businesses in a sector, thereby providing unfair competitive advantages to some businesses; and that businesses’ overall activities are often distorted by this system. The book includes an analysis of a wide range of different types of arbitrage activities in action.

    Introduction 1. Demarcation of arbitrage 2. Chapter 2 Models of strategy as arbitrage 3. Asymmetries 4. Arbitrage and institutions 5. Conditions for arbitrage 6. Product arbitrages 7. Labour arbitrage 8. Out-sourcing arbitrage 9. Transfer pricing arbitrage Conclusion


    Mikhail Glazunov is an independent consultant.  He has worked as a Lecturer in the Department of Business Studies at the University of Hertfordshire, UK, and as a Chief Executive Officer of a Russian company.