Russian Strategic Investment Decision Practices Compared to Those of Great Britain, Germany, the United States, and Japan: Diversity, Convergence, and Short-Termism

At the strategic level, international differences have proved important, especially during international collaborations. Since Dore's classic "British Factory: Japanese Factory," comparative values, behavior, and institutional settings have been extensively investigated, though attention has only recently switched to emerging markets such as that of Russia, which was not covered by Hofstede's comparative values study. Harvard's matched comparison of Soviet and U.S. decision making by Lawrence and Vlachoutsicos (around 1988) provided a classic study portraying behavioral differences just prior to transition. Coincidentally, my matched comparisons between the United States, Great Britain, Germany, and Japan involved the same U.S. company investigated by Harvard, aiding comparisons in all five countries.