NUGSB’s objectives stem from three main, mutually intertwined categories – teaching, research and service. In order to train and prepare the new generation of managers, entrepreneurs, and leaders of Kazakhstan and the region, the school puts cutting edge research at the heart of its mission. By engaging in world-class research in the fields of management, finance and economics, our faculty translates global knowledge into local context. Research-informed teaching also serves society by producing future professionals who are flexible and open to new ideas. For this purpose, we strive to attract research driven faculty and create a culture where good research ideas are turned into great research outcomes. In the growth period, the focus of NUGSB will be on three main areas: Entrepreneurship and Emerging Markets.

Entrepreneurship remains a priority in most economies, and particularly so in the context of Kazakhstan as recognized in the 2050 Strategy document proclaimed by President Nazarbayev. Kazakhstan is in a process of transition from an economy dominated by public sector to one more driven by small and medium enterprises. There is widespread evidence that the growth engines of an economy are not large companies, but the many small entrepreneurs who launch their small and medium scale businesses. Entrepreneurship is a broad topic that includes many disciplines such as innovation, technology, strategy, marketing, venture financing, and economics, among others. Given this, we would like to set up a research program around the issues of entrepreneurship in Kazakhstan and bring the best practices from around the world.

The second topic that will be researched at NUGSB in the next few years is Emerging Markets. This is again a broad topic that covers a variety of issues such as how companies in emerging markets develop their own capabilities, expand abroad, and gain and sustain their long-term competitiveness. These are issues that also resonate with firms in Kazakhstan, and the broader economy as a whole. We are assembling a roster of faculty who are looking issues of Emerging Markets from different perspectives and disciplines, with the goal of understanding how best practices from other emerging markets can be applied to Kazakhstan.

The third area of research is the Financial Markets. Research and teaching in this area would cover key aspects of financial markets development, corporate finance and financial literacy. In this context, it is envisaged to establish a Financial Markets Center at GSB. Financial markets reform and development is also a key policy area of the government in Kazakhstan. The Astana Financial Center is planned to be launched in 2017, and the new Financial Markets Center would be a natural complement and enabler for the Astana Financial Center. Within the Financial Markets Center, it is also planned to set up a Finance Lab that will contain a variety of data sources, finance tools, business news, market intelligence, investment products. The Finance Lab will be primarily an instructional and training facility for local students and professionals that want to further a career in finance.

NUGSB Research Areas