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  • February 2023 (Revised June 2023)
  • Case
  • HBS Case Collection

Doing Business in Helsinki, Finland

By: Martin A. Sinozich, Lena Duchene, Tonia Labruyere and Daniela Beyersdorfer
  • Format:Print
  • | Language:English
  • | Pages:37
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Abstract

This case examines the challenges and opportunities of doing business in Finland. It highlights Finland's economic transformation in the decades leading up to 2023 in the context of its history, culture, and politics. The case gives an overview of some of the main obstacles faced by businesses operating in the country, such as labor shortages, inflexibility in employment regulations, Russia’s war in Ukraine, and slowing growth, contrasting these with the efforts undertaken by the government to improve the country's business climate. This is illustrated through the discussion of a business dilemma in which the confectionary company Fazer needs to manage its exit from the Russian market while continuing its sustainability efforts in a changing industry environment.

Keywords

Business History; Business and Government Relations; Corporate Strategy; Research and Development; Foreign Direct Investment; Crisis Management; Culture; Environmental Sustainability; International Relations; Food and Beverage Industry; Finland; Europe

Citation

Sinozich, Martin A., Lena Duchene, Tonia Labruyere, and Daniela Beyersdorfer. "Doing Business in Helsinki, Finland." Harvard Business School Case 323-079, February 2023. (Revised June 2023.)
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About The Author

Martin A. Sinozich

Entrepreneurial Management
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Related Work

    • February 2023 (Revised June 2023)
    • Faculty Research

    Doing Business in Helsinki, Finland

    By: Martin A. Sinozich, Lena Duchene, Tonia Labruyere and Daniela Beyersdorfer
Related Work
  • Doing Business in Helsinki, Finland By: Martin A. Sinozich, Lena Duchene, Tonia Labruyere and Daniela Beyersdorfer
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