Title: Managerial threats and prospects in Russian firms: the case of St. Petersburg 1999–2005

Authors: Raimo Blom, Harri Melin, Alfred Sarno, Irina Sarno

Addresses: Department of Sociology and Social Psychology, University of Tampere, Yliopistonkatu 38, FIN-33014, Tampere, Finland. ' Department of Sociology, University of Turku, Assistentinkatu 7, Turku, FIN-20014, Finland. ' St. Petersburg University of Economics and Finance and University of Tampere, Department of Sociology and Social Psychology, Yliopistonkatu 38, FIN-33014, Tampere, Finland. ' St. Petersburg University of Economics and Finance and University of Tampere, Department of Sociology and Social Psychology, Yliopistonkatu 38, FIN-33014, Tampere, Finland

Abstract: If management in firms of the concrete region focuses on innovation development, the economy of this region will have chances to become the innovation economy. What are the chances in this respect of St. Petersburg in the North-West Russia? In order to answer this question we have investigated managerial practices in local enterprises during two time periods 1999–2000 (N = 982) and 2004–2005 (N = 633). Our research has revealed: strategies employed by industrial firms is already under an insuperable influence of the modern global information society. The innovation economy has already started to form in the region.

Keywords: social environment; trust; Russia; sustainable development; management strategies; management practices; social capital; corporate responsibility; innovation economy; entrepreneurship.

DOI: 10.1504/WREMSD.2008.018223

World Review of Entrepreneurship, Management and Sustainable Development, 2008 Vol.4 No.2/3, pp.169 - 181

Published online: 12 May 2008 *

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