World governments are still struggling to understand bitcoin and its ramifications for the economy, but some countries are taking harsher stances than others.
Russia recently came out with a statement urging citizens to avoid the currency. Meanwhile, the recent collapse of Mt. Gox, one of the largest Bitcoin exchanges in the world, led some skeptics to question the viability of the cryptocurrency.
Fuqua Professor Campbell R. Harvey, founding director of the survey, said uncertainty among U.S. CFOs is leading to cutbacks in business plans.
“More than two-thirds of CFOs are telling us loud and clear that uncertainty due to government economic policies is causing them to hold back on hiring or capital investment, or to increase their cash hoard,” Harvey said. ”We are facing a nexus of regulatory interventions, ranging from the ACA implementation to the drumbeat of minimum wage increases. Most CFOs (67 percent) point their finger at the regulatory environment as the reason they are throttling back their business expansion.” (more…)
This post was written by Christine Moorman, a marketing professor at Duke University’s Fuqua School of Business. It was co-authored with Fuqua MBA students Evgenia Barkanova, Irina Kudryashova, and Irina Melnik. The post references The CMO Survey which polls chief U.S. marketing officers twice a year. Moorman is director of the survey.
Winston Churchill said, “Russia is a riddle wrapped in a mystery inside an enigma.” This becomes clear when thinking about U.S. companies marketing in Russia (more properly called the Russian Federation). Results from the last CMO Survey indicate that Russia is the international market with the highest sales growth rate. Sales are reported to have grown an average of 57% for U.S. companies that designate Russia as their largest international market. This compares with India at 38%, China at 26%, and Brazil with 19% growth.
What is the benefit of studying abroad? Wouldn’t it be easier and more convenient for me to stay put here in Russia and study global business? After all, can’t I just go online to hear global perspectives?
Have you ever wondered why foreign firms coming to Russia are concentrated in Moscow and St. Petersburg, while domestic companies are spread much more evenly around the country? Are these two cities so much more attractive than the rest of Russia? Russian Professor Elena Kulchina answers this question in her Op Ed for the Moscow Times.