Research project

Go East: Sustainable internationalization of Finnish SMEs to Russia (GoEast)


Project Details

Start date: 01/01/2017

End date: 31/12/2017

Website: http://www.lut.fi/goeast


Funder

Other Finnish


Abstract

This research project seeks to find best practices for Finnish
small- and medium-sized enterprises (SMEs) to internationalize
successfully and sustainably to Russia. The main questions we seek to
find answers to are:

  • What factors facilitate international growth of Finnish SMEs in Russian markets today?
  • How can Finnish SMEs operate sustainably in Russian markets?


Russia is still one of the most important trading partners of Finland
and, as a large proximate developing market offers major market
potential for Finnish enterprises. However, the global political
developments over the past few years have led to decrease in
Finnish-Russian trade. Simultaneously, some Finnish SMEs have still
managed to not only continue business in Russia as usual, but also grow
their operations in the country. In the "Go East" project funded by the
Liikesivistysrahato foundation, the researchers seek to explain the
reasons behind that success.


Keywords

SME internationalization, sustainability, corporate social reponsibility, Russia



Last updated on 2019-01-07 at 11:35