Russia is the world’s largest country and it has mitigated post-soviet economic and political turmoil to re-establish the nation as the world strongest powerhouse. The population of the nation is 142.6 million and the entire area of the nation is 17 million sq. Km. and the major religions are Christian and Islam. In St. Petersburg 51.4% of male and 48.6% of female are available and the average household income is $70,400 and the Per Capita income is $31,840. 3.3% Asian, 2.8% two or more races, 7.1% Hispanic and 0.3% American Indian are present (Shirokova and McDougall-Covin 2012). In case of education and employment, the city is one of the developed cities in Russia and the second largest after Moscow.
The culture of St. Petersburg
Russia has a rich cultural heritage and a myriad of historic cities, buildings, museums. There are almost fifty theatres in St. Petersburg and the world famous Mariinsky Theatre is there. The Saint Petersburg Philharmonic orchestra remains as the best-known symphony orchestra in the world (Shirokova and McDougall-Covin 2012). Peoples’ behaviour towards their own business is polished and perfect.
Business norm and negotiation style in St. Petersburg
Business card and documentation must be printed in Russian and English. After the meeting, the outline of the meeting has been written by one of the executives and each meeting ‘Protokol’ needs to be signed (Eisenberg et al. 2013). The negotiation process in Russia moves slowly and they respect the age and positions of the company. Business deals are formulated in a calm way. Cancellation of the meeting is quite common in the city. The most important thing in the meeting is respect from both ends, which signifies no one can pressurize the counterpart during the meeting (Eisenberg et al. 2013). Russian do not compromise rather they will wait for the suitable concessions. These are the general norms and negotiations style of business dealing.
Eisenberg, J., Lee, H.J., Brück, F., Brenner, B., Claes, M.T., Mironski, J. and Bell, R., 2013. Can business schools make students culturally competent? Effects of cross-cultural management courses on cultural intelligence. Academy of Management Learning & Education, 12(4), pp.603-621.
Shirokova, G. and McDougall-Covin, P., 2012. The role of social networks and institutions in the internationalization of Russian entrepreneurial firms: Do they matter?. Journal of International Entrepreneurship, 10(3), pp.177-199.