Final answer:
Russian business is deeply influenced by its culture, with the social structure and autocratic history shaping its market economy. The reliance on resource exports and the modernization need, plus the ethnic diversity and government centralization, are all factors influencing business operations.
Step-by-step explanation:
Russian culture has a significant impact on the way business is conducted within the country. The influence of its social structure and history of autocratic rule has shaped Russia's economy and enterprise operations over time. For instance, during the presidency of Vladimir Putin, Russia underwent considerable economic growth due to the modernization of its economy and the influx of foreign investment, although the need for further modernization of its manufacturing base remains to be competitive in the global market.
Russia's transition from a Communist system to a market economy has seen the export of natural resources play a vital role in its economic recovery. These exports, including those of oil and natural gas, are fundamental to the country's trade and government revenue. However, there are social and political challenges, such as those following the annexation of Crimea, that reflect ongoing cultural and territorial ambitions that can affect business relations both domestically and internationally.
Moreover, the diverse ethnic composition of Russia and the prevalence of different languages and traditions mean that intercultural understanding is essential for business success. The shift to capitalism created social and economic shifts that resulted in both opportunities and challenges for businesses operating in Russia. The central government under Putin's leadership has reinforced, which has consequences for how businesses are regulated and operate within the country.