Taking steppes one at a time

Article Abstract:

Scottish businesses remain reluctant to enter the Russian market despite of the many opportunities the former communist republic offers. Most businesses recognize the potential long-term benefits of having a presence in Russia, but there are many that question the wisdom of operating in a country that is currently undergoing radical transformation. Doing business in Russia has many pitfalls, among which are the scarcity of hard currency to pay for imported goods and the plethora of confusing state and local rules and regulations. Most significantly, making the right contacts and finding the most suitable business partner can be difficult. Although these problems are not insurmountable, Western investors are still advised to exercise caution when entering the Russian market.

Foreign investments, Cover Story, Russia

---

Return of the native

Article Abstract:

IBM Dir for Scotland, Northern England, and Northern Ireland John Ward is an expatriate Scot that has returned to his native country. Ward spent eight years as the director of IBM's Havant Manufacturing Plant in England. Relocated to Edinburgh, Ward plans to analyze the various departments such as sales, servicing, and marketing in order to determine the best way to amalgamate them into a cohesive unit. Ward, who is a professor in Heriot-Watt University's Department of Accounting, is concerned with how IBM can benefit Scotland. Ward would like to see a greater amount of the 750 million pounds sterling worth of goods and services that IBM purchases come from Scottish companies, and would like to stimulate the training of locals by forging contacts with universities.

Electronic computers, Management, International Business Machines Corp., Scotland, Ward, John (English clergyman)

---

Closing in to beat the fraudsters

Article Abstract:

The Institute of Chartered Accountants of Scotland's Scottish Insolvency Services sponsored the 'Conference on Commercial Fraud' in Sept 1992 to address the issue of the prevalence of business crimes. Some of the fraudulent practices currently alarming the business community are wrongful trading and the 'advance fee fraud,' in which businesses are lured into paying considerable sums of money in exchange for funding from a supposedly big foreign financier. The conference, attended by people engaged in detecting and prosecuting fraud, underscored the need for the members of the business community to cooperate. There is a need for the various regulatory authorities and professional bodies to form closer ties to combat the rising incidence of fraud.

Professional organizations, Conferences, meetings and seminars, Fraud, Institute of Chartered Accountants of Scotland

Similar abstracts:

• Abstracts: The cost of carefree travel. Cashing in on data. Make room for gold in your portfolios
• Abstracts: Sales: the interpersonal touch. It's in the post. Make your client base sparkle
• Abstracts: Talking sense. Starting an open relationship. Peter Shakeshaft of Drambuie Group
• Abstracts: Gearing up. Time to reconsider?
• Abstracts: Business and a Scottish Parliament. The act of union. The manufacturing mirage

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.