Scenario: Cleanshot USA in Russia
When Cleanshot USA, a photography products company, decided to enter the international arena it chose Russia as its main market. Although Russia has been in transition for years, Cleanshot believes it has tremendous opportunities there.
-Cleanshot will face which of these obstacle(s) in doing business in Russia, given the economic transition?

Question

Quizplus · Accepted Answer

Russia's economic transition has created various obstacles for foreign businesses. There may be a shortage of capital due to the unstable financial situation. Many Russian managers lack the experience and education necessary to succeed in a market economy, creating a lack of managerial expertise. Cultural differences may also create significant obstacles to doing business in Russia. Therefore, all of the above choices are obstacles that Cleanshot may face when entering the Russian market.