Stockholm School of Economics Russia – the first module in China
Carl Fey is known not only for teaching activity but also plays the role of scientific advisor to the government of Russia in the matters of long-term development of business. Carl provided consultations to many leading foreign and Russian companies in Russia and China including TNK-BP (one of the biggest foreign investors on the territory of Russia) and Siemens (one of the biggest investors in China). Carl Fey says, "Choice of the country is far from being incidental. A big part of the international business is run by countries with economies in transition like Russia, China and India increasingly often. In conditions of "reduction" of the world on the public level on account of development of technologies, mass media and policy for many companies running of international business is not one of the options anymore and this is already a necessity."
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The issues of institutional and cultural differences and their influence on the style of management were disclosed in the framework of the module. Students learned about the methods and the process of organization of business, planning and management of associations, mergers and acquisitions on the international level.
The module was not confined to traditional lectures and discussions of cases but also included a possibility of obtaining of practical cultural experience, studying of implementation of business ideas in conditions of a big transitional economy at the example of China. For instance, students were offered to visit Lenovo Group Limited, which became the fourth PC producer in the world according to results of 2009 due to implementation of the global strategy.
Markku Vauhkonen, president of East Asia region of DeLaval, shared his experience with the students. Previously, Vauhkonen had the post of senior vice president of Finnish energy corporation Fortum. In addition to experience of running business in East Asia active operations of Fortum on the territory of Russia enriched the expert profile of Markku Vauhkonen with vision of the Russian market.
The final day of the course took place with support of Chinese-European Business School (CEIBS) with participation of associate professor Zhixing Xiao.
About Stockholm School of Economics
Stockholm School of Economics Russia is an international business school established in 1909, successfully managed from Sweden and having representative offices in Moscow and St. Petersburg. In Russia the school opened its doors in 1997 presenting high-quality international programs of education for successful entrepreneurs with global thinking and managerial experience on the educational market. For more than ten years Executive MBA programs and corporate and public programs in various areas of business have enjoyed stable demand on the market of business education. At present, Stockholm School of Economics in Russia is the only Russian business school represented in the rating of business schools of Financial Times.
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