RUSSIAN BUSINESS
That is why many foreign companies are investing in this prosperous land nowadays. However, there are some considerations that investors have to bear in mind before they invest into a business in Russia. As any other market place, foreigners should understand their Russian clients and partners very well. Enough knowledge of Russian business and a good social etiquette are crucial to the success of a business. By using the proper etiquette during business transactions, foreigners can impress their possible Russian colleagues, demonstrate their business abilities and create profitable business relationships.
Business people who want to expand their businesses in a new country such as Russia have to bear in mind that Russians are really stylish and usually wear dark and well tailored suits. During the negotiations, it is considered rude to take off your jacket and stand with your hands inside your pockets. Women wear conservative dresses, and casual dresses are used exclusively for dinner time.
One of the most respected values in the Russian business culture is the patience; so, foreigners are required to develop this value as fast as they can to enter into the marketplace. Russians love to debate, and digest negotiations before they can make a final decision. Impatient people are considered as rude in Russia.
Punctuality is another basic value in the Russian business culture; so, foreigners are required to arrive in time to any business meeting. Learning the Russian language is becoming increasingly compulsory for people who want to invest in Russia. Western people can access to many prestigious Universities and Language Schools in many important cities such St. Petersburg and Moscow. There are good and reliable courses online that teach Russian.
Be sure to include a Russian translation in your business card in order to demonstrate your huge interest in making business deals with them.
The most important values in the Russian Business culture include the following:
- Collectivity
- Loyalty
- Patience
- Formality
- Trust
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