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Stanislav Shekshnia

Stanislav Shekshnia
INSEAD | INSEAD · Area of Entrepreneurship and Family Enterprise

Professor

About

44
Publications
3,224
Reads
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537
Citations
Citations since 2017
13 Research Items
150 Citations
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Publications

Publications (44)
Chapter
Chapter 2 reveals that effective chairs of boards of directors in the UK are accomplished professionals with strong views, who lead the board without “taking up much space” and avoid the limelight. They engage directors in a collective effort, creating an environment for effective collaboration and encouraging productive behaviours by providing fee...
Chapter
Chapter 1 builds on the existing literature and findings of the research project. It offers a conceptual model of the environment in which board chairs operate, combining three macro factors—business context, laws and soft laws, and societal norms—and three micro factors—company, board and chair. The unique combination of these factors defines what...
Chapter
Chapter 5 demonstrates that in Denmark board leaders operate as facilitators, striving for harmony and consensus—and effectiveness at the same time. They are informal, candid and accessible. They encourage everyone to speak their minds with vigour and determination, are not afraid of conflicting views and deal with disagreements in a proactive way....
Chapter
Chapter 8 demonstrates that in Finland a board chair is an important component of the governance ecosystem—not merely the most senior director with responsibility for the board’s effectiveness. Chairs see themselves as facilitators of collective discussions in the boardroom, which in turn lead to effective consensus-based decision-making. Chairs br...
Chapter
Chapter 16 synthesizes the findings presented in the previous 14 chapters on individual countries. We highlight five of the most common practices of European board chairs, identify six potential traps a European chair should be aware of and describe five personal attributes that make a chair effective in the European context. We conclude the chapte...
Book
Leading a Board provides highly relevant insights on dealing with challenges every chairman faces. Dr. Andreas Jacobs, Chairman of INSEAD Board, Member of Jacobs Holding AG Board An insightful, well-researched and crafted book, which demystifies the practice and art of good Chairmanship. —Helen Pitcher OBE, Governance Expert and Chairman Public, Pr...
Chapter
This chapter demonstrates that in Denmark board leaders operate as facilitators, striving for harmony and consensus—and effectiveness at the same time. They are informal, candid and accessible. They encourage everyone to speak their minds with vigour and determination, are not afraid of conflicting views and deal with disagreements in a proactive w...
Chapter
This chapter reveals that effective chairs of boards of directors in the UK are accomplished professionals with strong views, who lead the board without “taking up much space” and avoid the limelight. They engage directors in a collective effort, creating an environment for effective collaboration and encouraging productive behaviours by providing...
Chapter
This chapter offers a conceptual model of the environment in which board chairs operate, combining three macro factors—business context, laws and soft laws, and societal norms—and three micro factors—company, board and chair. The unique combination of these factors defines what a particular board chair does (roles) and how he/she goes about it (pra...
Chapter
In this chapter we would like to synthesize the research findings presented in the country chapters to highlight commonalities and differences in how board chairs conduct their business in different European countries. We use a “top five” approach, identifying the five practices most widely used across Europe; the five most “destructive” practices...
Book
Leading a Board provides highly relevant insights on dealing with challenges every chairman faces. —Dr. Andreas Jacobs, Chairman of INSEAD Board, Member of Jacobs Holding AG Board An insightful, well-researched and crafted book, which demystifies the practice and art of good Chairmanship. —Helen Pitcher OBE, Governance Expert and Chairman Public, P...
Book
‘Athletic CEOs: Leadership in Turbulent Times’ is about leaders who do not lead by the book: people who score low on emotional intelligence, do not praise their subordinates, and rarely provide constructive feedback or celebrate small wins. Yet it is also a book about high-performing transformational leaders – Alexander Dyukov (Gazprom Neft), Germa...
Article
This article focuses on strategies of ‘managing business corruption’ at the firm level and offers insights for practitioners in systemically corrupt environments. Our study of 110 CEOs and owners of companies operating in Russia tested a new, ethnographic approach to managing corruption at a firm level. We conceptualize ‘managing business corruptio...
Research
Full-text available
An inspection copy of an award-winning leadership case exploring Mikhail Khodorkovsky at Yukos
Chapter
When I was offered the position of non-executive chairman of the board of Siberian Coal and Energy (SUEK)—the largest Russian coal and power generation company (and the eighth largest coal producer in the world), with mining facilities in seven regions from the Russian Far East to Krasnoyarsk, 45,000 employees, and exports to 20 countries—I felt I...
Article
Russian CEOs are arguably the most experienced managers in the world when it comes to working in corrupt environments. For our analysis, we gathered data from the CEOs and owners of 111 local and international companies operating in Russia. We asked them to assess their experiences with informal practices, including the extent to which their busine...
Article
Despite decades-long efforts to eradicate it, corruption remains a major risk for doing business in emerging markets. Our study of 111 CEOs and owners of companies operating in Russia showed the ineffectiveness of universalistic top-down anti-corruption strategies at the firm level and tested a practical, bottom-up approach. We argue that strategie...
Article
Full-text available
To understand corporate corruption in Russia and to develop both anti-corruption policies at the macro level and anti-corruption strategies at the enterprise level effectively we need to move beyond the predominant corruption paradigm and to disaggregate its measurement. The article outlines the results of a pilot survey of CEO of companies operati...
Article
Russia possesses many opportunities for the development of business. It is the world’s largest country in terms of territory, possesses vast natural resources, has a population of over 140 million people, has had of the world’s fastest GDP growth rates of 7.4% from 2001-2008, and has less competition in many industries than in many countries. Like...
Article
Russia possesses many opportunities being the world's largest country in terms of territory, possessing vast natural resources, having a population of over 150 million people, having had one of the world's fastest GDP growth rates of 7.5% from 2001-2005, and having less competition in some industries than is the case in many countries due to the ec...
Article
The paper explores the problem of owner-CEO succession in Russian companies. Specifics of Russia’s business environment as well as a number of external factors influencing succession event are reviewed. Major trends in founder-CEO succession are discussed and its potential pitfalls highlighted. The concept 'Russian succession paradox' is introduced...
Article
We analyze the emergence of the cellular industry in Moscow and St. Petersburg in the context of Russia's post-socialist transformation in the 1990s. How could the cellular industry have succeeded in the period of a deep economic recession, weakened state, and immature markets? We identify the driving forces and key relationships that supported the...
Article
Russian capitalism is 20 years old - it is two decades since the first private companies, disguised as "cooperatives," were formed in the Soviet Union in 1987. Since then the Russian economy has gone through a major transformation, which has encompassed distinct periods of activity: the creation of private firms, price liberalization, mass privatiz...
Article
Books reviewed:The New Russian Business Leaders. By Manfred F. R. Kets de Vries, Stanislav Shekshnia, Konstantin Korotov, and Elizabeth Florent-Treacy. Edward Elgar: Cheltenham, UK, and Northampton, MA, USA. 2004. 313 pp.
Article
To illustrate the transition that has occurred in Russia since 1992, the authors studied Russian business leadership and entrepreneurship in a range of situations, from the transformation of a Soviet-era biscuit factory, to high-tech start-ups modeled on Western business practices. This article describes organization and leadership practices in Rus...
Book
In order to work effectively with Russian organizations, it is essential for potential Western partners and shareholders to fully understand their leadership style, organizational practices and business expectations. Based on extensive interviews with the pioneers of Russian business and the authors' own experiences, this perceptive new book attemp...
Article
The article presents a commentary by Stanislav Shekshnia, partner and founder of Zest Leadership, on the paper “Coping with Corruption in Foreign Markets,” by Jonathan P. Doh, Peter Rodriguez, Klaus Uhlenbruck, Jamie Collins, and Lorraine Eden. Shekshnia says corruption has a profound effect on foreign investment in developing countries and on the...
Article
Executive Overview Since 2000, Aleksei Leonidovich Kudrin has held two key positions in the Russian government simultaneously–Deputy Prime Minister and Minister of Finance. As deputy prime minister, Mr. Kudrin oversees forecasting of economic and social development, government economic policy and regulation, entrepreneurship and small and medium-si...
Article
Executive Overview Troika Dialog, founded in 1991, has the longest operating history among Russian investment banking and securities firms. It offers a full range of investing and financial advisory services to domestic companies and multinationals in Russia, and has a record of firsts in the industry. It is Russia's leading domestic capital raiser...
Article
The article presents a response to the article ‘How Entrepreneurs Create Wealth in Transition Economies,’ by Mike W. Peng. The author advocates the need for young people to study and aspire to entrepreneurial careers in order to ensure the economic development of their countries. He highlights several Central European countries as examples of trans...
Article
The purpose of this article is to look at the service economy in Russia. It is well-known that communist rule produced widespread disaffection from services, but the subject is probably more complex in Russia than in other East European countries. The reasons for this are not only historical and ideological, but also cultural and managerial.An anal...
Article
This article presents the results of a survey of HR management in Russian subsidiaries of Western multinationals, combined with personal observations by the author, Stanislav Shekshnia. In a comparison with his 1994 study, the author concludes that Western companies are now practising sophisticated and efficient systems of HR management. Key elemen...
Article
Western firms that depend on Russian nationals to help operate their businesses in Russia need to find effective ways of designing compensation packages to attract, motivate, and reward these valuable employees. This article proposes that several important aspects of Russian culture should be taken into account. An overview of Russian culture and a...
Article
With hyperinflation, the disintegration of a paternalistic economy, and shortages everywhere in Russia, Western firms are struggling with how to pay their Russian employees.
Article
Thousands of foreign companies are penetrating Russian markets with strategies developed on the basis of inadequate assumptions about the country and its people. Stanislav Shekshnia examines how the most common myths about Russia such as availability of highly skilled and extremely cheap labour do not fit the reality and cause serious problems for...
Article
Forty Russian managers were surveyed about their newly founded entrepreneurial ventures. The respondents averaged 32 years of age and, although possessing mainly technical backgrounds, were involved in a variety of businesses not necessarily technical in nature. Most had adopted a highly opportunistic strategy for their new enterprises. Success was...
Article
Presents a Russian student's reactions to a U.S. Master of Business Administration (MBA) program. Reports that marketing previously had been unfamiliar to the student. Suggests that the U.S. business curriculum is more regimented and more concrete than its former Soviet counterpart. Discusses general differences between the two cultures. (SG)

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Projects

Project (1)
Project
Understanding Nordic Chairmen practices and future outlook. Interviews of predominantly chairmen, but also Non-Executive board Directors, CEOs, and Employee Board Representatives, as well as litterature reviews. It is an addition that will include Nordic practices, added to the Chairmen practices explored at Leading a Board Chairs’ Practices Across Europe: Chairs’ Practices Across Europe by prof Stanislav Shekshnia.