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Russians Shy Away From Specialization
The specialist MBA, a concept that may seem a contradiction in terms, had a growing presence in Russia before the crisis. However, over the last year this academic commodity has all but disappeared from the country’s business education market, research has shown.
Russian Education Endowments Lag Behind
By Tatyana Martyanova / Vedomosti
Almost three years after the law on endowment funds was passed, about 50 such funds have been created in Russia, with the value of roughly 70 percent of them totaling 2.7 billion rubles ($90 million) according to an estimate by the Donor’s Forum Association, which runs the Development of Endowments in Russia program.
Sergei Porter / Vedomosti
Demand for MBAs in Russian
The world’s third most-spoken first language and, more importantly, its most popular second language, English is often, somewhat ironically, labeled the lingua franca of the business world.
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Market Overview
No Great Expectations
Russia’s crisis persists and this year there will still be job cuts, albeit in specific sectors, so don’t expect the kind of growth in the labor market we saw prior to the economic downturn. This was the broad outlook for 2010 among leading recruitment consultants in Russia — who also mentioned the outside possibility of a second dip later in the year, general concerns over indebtedness among firms and the perception that this will prove to be a transitional year for the market.
Head to Head
Pipeline Management
Educating a workforce requires careful coordination. To ensure that companies have a sufficient supply of potential managers, HR departments and business schools often work together to provide individuals with the skills their firms are looking for. But the MBA, one of the tools they use, has come in for criticism recently. Chris Willett brought together Svetlana Chekalova, HR director at Sibur, and Sean Meehan, dean of external relations at IMD, to try to find out the true value of business education and how Russian companies could better exploit it.
Business Education in the Modern ContextInternational Institute of Management LINK
Nowadays, there is no need to prove the importance of good education for people who want to build a career or run a business. The labor market is in urgent need of professionals who are able to take charge of performance and output.
Harnessing the Power of Social NetworkingManpower Inc.
Companies have often played catch-up in understanding how to harness new technologies without overmanaging them.
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How Career Opportunities Drive Business PerformanceManaging Director of Russia & CIS
The case for developing talent has always been clear: If an organization is to achieve its primary objectives, it must align talent with strategy by developing a work force with the necessary capabilities. Career development not only equips employees to perform, but also inspires them to do so. It motivates them to make the most of the skills and capabilities they acquire.
‘Gold’ Card for ‘Gold’ ForeignersPricewaterhouseCoopers
From July 1, 2010, the amendments to Federal Law No. 115-FZ concerning the legal status of foreign citizens in the Russian Federation will come into force. These amendments will significantly simplify the procedure for obtaining work permits for highly skilled foreign specialists.
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Herbert Smith appoints Olga Revzina to its partnership and establishes its Russian infrastructure and PPP practiceHerbert Smith appoints Olga Revzina to its partnership and establishes its Russian infrastructure and PPP practice
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Baker & McKenzie Strengthens Climate Change and Energy Efficiency PracticeBaker & McKenzie Strengthens Climate Change and Energy Efficiency Practice
Baker Botts L.L.PDominic Pellew has joined Baker Botts L.L.P. as a partner in its International Arbitration and Dispute Resolution group. He will be based in the firm’s Moscow office.
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