This paper focuses on the management of small businesses in Russia. Despite the growing importance of the Russian small business sector, there are surprisingly few empirical studies focusing on this topic. As the business environment in Russia is repeatedly noted to be in constant change, the purpose of the paper is to explore Russian owner‐managers perceptions of the development of their business environment from 2000 to 2004. The paper reports the results of a survey conducted among 164 business managers in North‐West Russia. The results indicate that Russian owner‐managers tend to monitor changes in the business environment and adapt their management accordingly, if not beforehand. However, the results are not unambiguous, as the study found wide variations in the extent to which gap the managers monitored and adapted to perceived changes in the business environment.
A relatively high percentage of Baltic corporations have already started their operations abroad, over 40% of the companies studied. It is surprising that the approaching EU membership docs not seem to be the driving force of the Baltic corporations’ internationalization, though the EU is clearly the major export destination. The empirical evidence shows that the operations of the Baltic companies in foreign markets, have concentrated on the ex‐CMEA countries, especially on the former USSR. The empirical data indicates that most of the operations abroad are related to marketing, such as the foundation of their own representative office or their own sales unit in a foreign market.
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