Russian Fun Facts
Is Russia the 2nd biggest country in the world?
No, Russia is the largest country in the world.
Who is the President of Russia?
Vladamir Putin.
What is the United States version of Wikimart?
Amazon
what case study is this?
case study 3.2
What holiday is bigger than Christmas in Russia?
New Years!
What is the most popular sport in Russia?
Football (soccer)
What year was Wikimart founded?
2008.
Why was Wikimart able to secure financing during its early stages of growth? Put differently, if you were an angel investor or private equity investor, what special qualities of Wikimart would attract you?
Wikimart founders provided services to firms wishing to do online business. Such firms were willing to do business through Wikimart and pay a portion of their sales to Wikimart, their attraction to Wikimart made that firm attractive to investors. If other successful investors put money into the firm, a herd effect would be produced that would reinforce one’s decision to invest in the firm.
How many time zones are in Russia?
Nine time zones.
How many Olympics has Russia hosted?
A. 3
B. 2
C. 4
D. 1
B. Russia has hosted 2 olympic games.
By mid 2009, Wikimart’s website was attracting how many daily visitors?
A. 5,000
B. 7,000
C. 15,000
D. 12,000
A. 5,000.
While Wikimart’s objective is to become a dominant ecommerce marketplace in Russia and other countries of the former Soviet Union, given the existing competition (such as Ozon.ru), is such ambition realistic?
It would be realistic that Wikimart could be one of them. However, using the VRIO framework for analysis, the “R” and “I” in VRIO are weaknesses and nothing in the case would suggest that anything in their “O” is of sufficient magnitude to offset the firm’s vulnerability in those two areas.
What year did Russia consider beer to be alcohol?
2013.
What is the capital of Russia?
Moscow.
As of February 2012, Vkontakte reportedly had 116.6 million user accounts and was the _____ most popular Russian Internet website.
4th most popular
What are some of the viable exit strategies for the two founders?
Selling their stock now, merging with a competitor in Russia and attempting to build the value of that firm and then sell later, diversifying nationally and geographically by merging with (or selling out to) similar companies around the world.
How much did the United States purchase Alaska from Russia?
7.2 million in 1867.
How long is the Presidential term in Russia?
6 years.
What are Wikimart's best selling categories?
Clothing, sporting goods & products for children.
Given the fragmented, rapidly growing nature of online retail space in the Russian-speaking world, how would you characterize the competition in this industry?
Historically, new industries of the past (railroads, oil, etc.) have had many firms at first but as the industry grew, weaker firms would go under or would be taken over by others and a consolidation process would then begin. It is likely to be the same in Russia. Only the strong will survive.