Companies with decentralized management systems are, on average, more effective than firms where the CEO tries to control everything. The risk of centralization is higher if the company is managed by families. These were the main findings of the recent research by Irina Levina, research fellow at the HSE Institute for Industrial and Market Studies.
ICEF 2006 alumnus Yuri Kiselev is now head of debt capital markets in Russia and the CIS at Société Générale. In an interview for the ICEF website Yuri talked about his career and education in Russia and abroad.
Russian businesses have been slow in adopting new media tools. Many companies continue to rely on official websites to reach out to customers and avoid using social media and blogs, as they are not ready for an equal dialogue with external audiences, according to Iosif Dzyaloshinsky and Maria Pilgun, professors of the HSE Faculty of Communication, Media and Design.
Today's big businesses in Russia may never become family dynasties. Only a few business owners have succession plans in place, but many have never considered the issue, for reasons ranging from their heirs being too young to avoiding conflict in the family to resenting the lack of institutions in Russia to support effective wealth succession. Instead, most entrepreneurs are planning to retain control of their business for as long as possible, according to researchers from the HSE Faculty of Social Sciences and the Skolkovo Wealth Transformation Centre. For the first time ever, they examined the attitudes of Russia's major capital owners towards business and wealth succession.
Companies with Russian ownership more often than not have an authoritarian style of management, and their employees participate less frequently in making business decisions than their colleagues from foreign companies. This conclusion was drawn by HSE Professor Azer Efendiev in his paper ‘The Political Regime in Russian Business Entities: Results of Empirical Research’, which was presented at the HSE conference ‘Modern Management: Problems, Hypotheses, and Research’.
Interference in business by Siloviki is undermining steady economic growth. Andrei Yakovlev, Anton Sobolev and Anton Kazun at the HSE International Centre for the study of Institutions and Development have conducted research on the question “Can Russian business reduce political pressure from the state?”
