Strategy into Practice: Developing an outsourcing strategy to deal with economic crisis – the case of Russian companies

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Time: 6.00pm - 8.00pm
Venue: Room 0026, Business School building, Kingston Hill campus, Kingston Hill, Kingston upon Thames, Surrey KT2 7LB
Price: free
Speaker(s): Dmitry Stapran

6.00pm - 7.00pm Lecture in room 0026
7.00pm - 8.00pm Networking event, Business School atrium

The Russian economy has great potential for development. However, it is also fraught with great risk. Currently many companies are experiencing difficulties in Russia due to an economic crisis which is partly caused by the economic sanctions imposed on Russia and the devaluation of the rouble. To remedy this situation, some Russian companies have opted for more agile and streamlined operations to reduce costs and absorb currency fluctuations. Many tend to insource and outsource non-core business functions.

Outsourcing is one of the keys to becoming more fit and to focus on the creation of value thus strengthening the competitive advantage of Russian companies. This is especially true for the state owned sector which accounts for more than half of the Russian economy. Outsourcing in Russia is underdeveloped and emerging and therefore offers huge opportunities to both domestic companies and international players in this field.

Dmitry Stapran will talk about the current state of the Russian economy and its perspectives on service markets in general and business process outsourcing in particular. He will share his own experience in undertaking insourcing and outsourcing projects in the Russian energy sector and the wider implications such practices have for other global companies in this field.

About the speaker
Dmitry Stapran graduated from Moscow State University of International Relations (MGIMO, Moscow, Russia) with a Masters degree in International relations. He has a Ph.D. in Contemporary History, an MA in Jurisprudence (MGIMO), and an Executive MBA from Kingston Business School. He has also visited IMD Business School (Switzerland) in 2012 (Excellence in supply chain management) and Harvard Business School (USA) in 2014 (Achieving breakthrough service). He is currently undertaking another Ph.D. in Economics at the Russian Presidential Academy of National Economy and Public Administration (Outsourcing in Russia).

He started his career as a diplomat in Japan (2000-2005). He then joined the Russian energy sector working in the Federal Grid Company (Power transmission and construction of power lines), INTER RAO UES (Power generation and international power trade) and presently works for JSC RusHydro (Hydro Power generation).

Dmitry Stapran specializes in insourcing and outsourcing projects and supervises six internal service companies with an annual revenue of around $70 million dollars and over 1000 staff.

For further information about this event:

Contact: Dr Kent Springdal
Email: K.Springdal@kingston.ac.uk