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Economic Effect of the Coronavirus on the Companies Involved in Car and Automotive Parts Trading, and Manufacture of Tires of Hungary, Including Szabolcs-Szatmár-Bereg County, in Respect of 2020
1-12Views:203In Hungary the wake of the first wave of the Covid-19 epidemic (March 2020), caused a decline in demand for goods and services in most sectors. There were sectors (accommodation services, art, recreation, etc.), which were economically severely burdened by the imposition of restrictive measures, and there were some (financial services, communication), which experienced the change positively. In our research, our goal was to assess the changes caused by the Covid-19 epidemic in the property, financial and profitability situation of the companies involved in car and automotive parts trading, and tire manufacturing, in Hungary, and within the country, in Szabolcs-Szatmár-Bereg county. We established three hypotheses: (1) As a result of the spread of coronavirus epidemic, in Hungary and in Szabolcs-Szatmár-Bereg county as well, the profitability of companies of NAICS codes 441 (car and automotive parts trading) and 4231 (wholesale of road vehicles and parts), decreased. (2) The outbreak of the epidemic had a negative impact on the liquidity of companies established in Hungary, including Szabolcs- Szatmár-Bereg county. (3) As a result of the Covid-19 epidemic, the resource structure of Szabolcs-Szatmár-Bereg county companies, analysed in the framework of research work, transformed. To prove or disprove these, secondary research was used. Finally, we put forward conclusions and proposals for the management of the companies active in this industry.
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Inbound and Outbound Tourism in China: A Perspective Article
91-107Views:95The tourism industry in China has undergone significant changes due to globalization, technology, and changing consumer preferences. This perspective article, based on a systematic literature review, examines examines trends, challenges, and opportunities in inbound and outbound tourism in China, focusing on the industry's dynamism. Both inbound and outbound tourism have been negatively impacted by the COVID-19 pandemic, which has prompted new strategies and environmental adaptations. China has changed its priorities within the country to encourage domestic travel and support local firms. The rise in internationalisation and the growing middle class in China have led to an unprecedented rise in outbound travel. Chinese travellers are affecting travel habits and spending all around the world in the tourism sector. Language barriers, cultural differences, and safety concerns are some of the challenges that come with travelling abroad. To reach its full potential, China needs to adapt to the shifting global environment and take into account the specifications and preferences of both inbound and outgoing tourists.
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Perceived Barriers to Youth Entrepreneurship in Pakistan and Hungary
382-391Views:118Entrepreneurship brings enormous benefits. It generates employment and helps in social and economic development. Ventures created through the youth entrepreneurship have enormous benefits. They generate employment, reduce poverty and unequitable distribution of wealth. These ventures do also help in social, economic and technological development. However, the youth faces several barriers to entrepreneurship. This study explores the personal & psychological, family related, institutional & regulatory, cultural & social, financial and market & knowledge barriers faced by the youth of Hungary and Pakistan. Qualitative research methodology was applied. Interviews at micro and meso levels were conducted from the young entrepreneurs and university professors of Pakistan and Hungary. Results indicate that Pakistan and Hungary have almost similar levels of Personal & Psychological barriers, however, the fear of failure is higher in Hungary than in Pakistan. Family related, cultural & social and market & knowledge barriers are higher in Pakistan for the youth entrepreneurship than Hungary. Institutional & regulatory and financial barriers are at medium levels in Pakistan. For Hungary, these are at low levels. The study has important implications for researchers, academicians, policy makers and for the young aspiring entrepreneurs.
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Food Industry 4.0 Readiness in Hungary
1-12Views:262In terms of production value, the food industry is the third-largest in Hungary, the first in Hungary in terms of the number of employees, and the first in Europe in the processing industry, as well as a significant user of resources. The research examined the state of art of digitalization readiness, focusing on I4.0 technologies, which supports the management to operate more efficiently the enterprise and to make better decisions. So the focus was on integrated enterprise information systems, management support systems, business intelligence systems, industry 4.0 technologies, and issues related to their application. The analysis based on an online questionnaire survey the request sent to 4.600 enterprises, the response rate was 5% which was representative of the branches of production, covered the Hungarian food and beverage manufacturing sectors in 2019. The companies were asked the most critical technologies in development, going towards Industry 4.0. The research tools were LimeSurvey, Mailing List Server, Excel, Power BI (Desktop, Publishing Server to distribute the results). The used analysing methods were making calculations, pivot tables, models, dasboards. We found that a significant portion of businesses, 78 %, use mobile devices in the manufacturing process. The three most relevant digital technologies are geolocating (GPS, GNSS), cloud computing, and sensor technology. The current level of digitalization and integration cannot be said to be high, but respondents are very optimistic about expectations. Improvements are expected in all areas in the next 2-3 years in terms of digitalisation and integration. Vertical integration involves, first and foremost, cooperation with partners in the supply chain. Horizontal integration means close, real-time connectivity and collaboration within the company. Unfortunately, between 6% and 15% of SMEs (approximately 9% on average) and large enterprises, 36% have a digital strategy. According to the survey, the sector needs significant improvement and creating a digitalization strategy.
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Sustainable Energy in Aviation with Reverse FMEA Analyses
1-12Views:22This research aims to identify and evaluate the key challenges and obstacles hindering the adoption of sustainable energy in the aviation industry. The outcomes and insights derived from this research will be synthesized to provide a comprehensive overview of the opportunities and suggestions for the adoption of sustainable energy in the aviation industry. The objective of this study is to help the aviation industry’s shift toward more sustainable energy sources in order to reduce its environmental footprint and mitigate the effects of climate change.
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An Exploratory Study on the Level of Trust Among Hungarian Food Manufacturer Companies
277-288Views:201The intensification of globalized economic competition is playing an increasingly important role in the lives of companies to determine their true position among their competitors. Food companies are of paramount importance because of their role and weight in the national economy. In Hungary, the food industry plays an important social and economic role and is a world leader in terms of employment and value added. Currently, there are nearly 1100 active food companies in Hungary, so it is worth examining the peculiarities of the role of trust between companies.
There are often contradictory statements in the literature about the effects of Industry 4.0 technologies and the trust placed in IT tools. Therefore, it is a relevant research question to examine whether the characteristics of the role of trust - e.g. staff, suppliers, IT tools and technologies, etc. as confidence levels can have a direct positive impact on the efficiency, profits, liquidity, etc. of the companies in question. development.
During the research, I analyzed the level of trust between the food trading companies, in which I discuss the trust within the industry within the company. My aim is to further enrich my previous research knowledge in this field.
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Digitalization Trends and Their Possible Implications to SME Performance: Comparative Study Between Hungary and Azerbaijan
1-13Views:103This comparative research intends to find similarities and differences in the digitalization level of Hungary and Azerbaijan. Following the state of art in digitalization, further focus is on the digitalization of small and medium enterprises in both countries. The secondary research is done through several international reports and databases collected for years 2018-2022, depending on the availability. The comparison is performed based on four subcategories of digitization areas defined by the European Commission. The study holds its uniqueness due to the absence of comparative research between the mentioned two countries and the indicators used. The results contribute to the awareness, existing knowledge and provide future research insights into digitalization trends of both countries.
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The Importance of Continuous Organizational Project Risk Management and the Value of Project Management Certificates in the Customers’ Eyes
51-68Views:103In an increasingly complex and volatile business environment, organizational project risk management plays a critical role in determining the chances of project success. Project management has become a common tool in the hands of large organizations for executing development and improving their production cycles in a more carefully planned way. However, the future is often hard to predict, and unexpected events may occur which could have been avoided with the use of the right tools and mindset. This comprehensive research study aims to showcase the importance of continuous risk management in organizations and highlight how risk management contributes to successful project outcomes. By synthesizing information from 59 high-quality publications from Scopus and Web of Science, the research describes various risk mitigation methodologies used across diverse fields, and explores potential obstacles faced by project managers when executing risk management strategies. The primary research of the study builds upon a survey conducted with 181 experienced project managers across various industries to gain deeper insights into their risk management approaches and the constraints they may encounter. Additionally, the study seeks to analyse the value of obtaining project management certificates in relationship with led projects’ length and budget. Employing SPSS, the research presents descriptive statistics, regression, and correlation calculations to further analyse the data gathered. The aim of the research is to draw attention to the significance of continuous risk management, propose effective methodologies, identify and mitigate potential challenges, and shed light on the potential benefits of having certifications in the field of project management. This study aims to present valuable knowledge for both researchers and organizations striving to better understand the field of project risk management strategies through the systematic literature review and quantitative research results presented.
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Analysis of the Benefits of SAP S/4 HANA Cloud IT/Is Investment in the Case of PT XYZ
13-24Views:120PT XYZ is one of the largest telecommunication companies in Indonesia. In 2020, PT XYZ implemented a digital transformation to increase its excellence by investing in industry telecommunication and information systems (IT/IS) enterprise resource planning software called SAP (System Application and Processing) S/4 HANA Cloud. The study aims to analyze the benefits of these IT investments made in PT XYZ. The results are carried out using the Comparative Analysis of Financial Statements followed by Business Value and Financial Feasibility Analysis and the Cost Benefit Analysis (CBA) method between 2018 and 2021. It can be revealed that the SAP S/4 Hana Cloud investment benefits the company's operations, which are identified in the form of 5 sub-categories that fall into required categories based on Ranti's Generic IT/IS Business Value.
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The Special Aspects of Leasing as Long-Term Asset Financing Method in Hungary
115-128Views:560Leasing has become widespread in the world in the 1970s, while in Hungary the first leasing firms appeared in the 1990s. The authors in this article introduce the most prevailing and most often used forms of leasing and their main characteristics in Hungary. Based on the statistical data of the 2008-2015 period the authors analyse the performance of investments, the volume of trade in the total leasing market and the course of the amount of capital assets and new capital investments on the level of the national economy. The conclusion of the current article is that the changes of the investment’s performance in the national economy and the EU development funds influence greatly the course of the Hungarian leasing market.
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HAZ Characterization of Automotive DP Steels by Physical Simulation
478-487Views:150DP steels were extensively used in the vehicles industry due to its extraordinary combined properties of strength, ductility, formability and weldability which contributed great significance in reducing strength to weight ratio and CO2 emission. High strength steel i.e. DP steels (3 different grades) were experimentally investigated and thermophysically simulated using Gleeble 3500 simulator to determine softening and hardening in heat affected zone. Samples were heated to different peak temperatures (1350 °C, 950 °C, 775 °C and 650 °C), two cooling time (t8.5/5 = 5 s and 30 s) and Rykalin 2D model were selected. The hardness and microstructure of the specimens were tested and analysed. For longer cooling time (t8.5/5= 30 s), we observed that softening occurs in all grade of investigated DP steels to all sub-regions. But for shorter cooling time i.e. t8.5/5= 5 s the softening is higher in intercritical HAZ compared to other sub-regions for all the types of DP steel with short cooling time (t8.5/5 = 5 s). However, the hardening zone in the CGHAZ occurs when Tmax is 1350 ºC for DP600, DP800 & DP1000 steels but it is more prominent in DP800 as compared to others two steel grade.
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Operating a Webshop in Rural Areas
242-251Views:184The importance of e-commerce in Hungary is unquestionable. 66% of the population is regular internet users (I3), every fourth person uses it on a daily basis. Online sales have increased from 137 billion HUF in 2010 to 427 billion HUF in 2016, while offline sales were not able to reach this growth (I1). Undoubtedly, online sale has become a very valuable market. The age group really valuable as consumers spends about 6 hours a day online, out of which 3 hours are active usage (I2). The Internet is also the most important source of information and keeping in contact, as 41% of the population uses it method. The availability of the Internet in Hungary is literally independent of the geographic location, thanks to the Digital Renewal Action Plan in Hungary's current strategy, as one of its main chapters is "Enhanced and Secure Infrastructure for All." (Botos 2013) plan. There are many unfavorable processes in Hungary's rural areas. Of these, emigration and the abandonment of the local economy are outstanding. To stop these processes, the "National Rural Strategy" (2012-2020) was created. Its most important areas are employment growth, balanced and diverse land and forest management, production structure, restoration of local food production and food markets, local energy production, strengthening the local communities, improvement of population patterns and conservation of natural systems and the biodiversity. The integration of rural economies into the on-line marketplace and their linkage to different DBEs not only vertically but horizontally can be one of the keys to their survival and development. The situation of businesses on the on-line marketplace in the countryside is very special. On the one hand, they are more favourable in many aspects of their operation, but in some cases they have disadvantages that fundamentally threaten their survival. The purpose of this article is to get to know this environment, map its benefits and drawbacks. For this, we use the results of in-depth interviews conducted with businesses operating on an on-line market in rural settlements.
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Formation of Oxide Layers with Femtosecond Laser on Steel Surfaces for Color Marking
174-178Views:192With the appearance of ultrashort pulse lasers, the researchers have begun working on various laser marking technology. Atmospheric heating and ablation of a surface induce laser coloration of metal surfaces. However, their application is still problematic today in the industry. With the appearance of femtosecond pulse lasers, a new concept became available for color marking. This concept is based on the formation of laser-induced periodic surface structures (LIPSS) on metal surfaces. The purpose of this article is to summarize the literature of laser color marking with ultrashort pulse lasers.
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The Economic and Social Effects of the COVID-19 Epidemic in the European Union over the Past Year, Especially in Hungary
67-79Views:1774The apparence of the COVID-19 pandemic at the beginning of 2020 affected all countries in the world, entailing major changes in everyday life. In our study – in a one year perspective – we summerize the socio-economic effects of the COVID-19 pandemic on various economic sectors and their consequences for the European Union and Hungary. As a result of the pandemic restrictions the role of some sectors were decreasing considerably, while on the other hand the other sectors emerged and underwent a significant improvement. The growing trend of working from home, as well as the decline of the tourism, the catering service and the entertainment industry has led to a change in the behavior of the population. . Changes during the pandemic period led to an increase in wealth inequalities.Changes during the pandemic period led to anincreas in economic inequality. The transformation of consumers’ values and income situation is having an huge impact on all sectors of the national economy. When reflecting upon the current situation, the following questions arise: When will the declining businesses be able to recover? Will they be able to achieve their pre-pandemic profit level, and if yes, how long will it take them?
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Examining the Competitiveness of Fish Products on the Market
151-163Views:71Fish and fishery products are one of the key ingredients in human nutrition and are therefore outstanding in terms of both production and trade. Different processed fish products are available in many countries around the world due to globalization and a fast supply chain. In our study, we examined the market for fish and fishery products using secondary data collection. The data were collected several years ago from the databases of FAO, EUROSTAT, COMTRADE and KSH The comparative advantages or disadvantages of international trade were determined with the help of the RCA index for the role of Hungary and the EU in the world in the case of different categories of fish products. The aim of our research is to compare the fish products of different processing in Hungary and in the EU compared to the international situation, paying special attention to the main exporting and importing countries. Based on the secondary research the study has a detailed the specificities of trade, the trends observed in recent years and the competitiveness of fish products in Hungary and the Member States of the European Union and effect relationships behind the RCA-index results.
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Szervezeti életciklusok és a Lean transzformáció
646-656Views:288A wide range of literature has been published regarding the features of lean transformation. The main focus of these researches has been the examination of the hurdles and stimulants of a lean transformation as well as the analysis of lean leaders’ qualities and behaviours. However, most of these literatures do not deal with either the connection between lean transformation and organization lifecycles or the examination of the role of a full-time lean facilitator / a lean group. The aim of this article is to draw attention to the importance of these connections and stimulate further research on the matter.
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Analysis of Henbuk Startup Value Using a Scorecard Assessment Method
1-12Views:92This study aims to determine the valuation value of Henbuk's startup by conducting qualitative and quantitative analyses. Henbuk is a startup engaged in e-commerce. The Henbuk startup is currently in the initial funding stage, and the founders are opening opportunities for investors, which can later support operational and development activities. In obtaining funding from investors, the Henbuk startup requires an initial assessment of the company's value. The score assessment consists of several indicators, e.g., quality of the founder and team, opportunity size, product and technology, competition, marketing, sales and partnerships, and the need for additional investment. The results of the value assessment are obtained by using the Scorecard Assessment Method. The results of this study may help to determine the real value of other start-ups for the investors in the future.
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Geothermal energy utilization in the Bükkalja region by reusing abandoned hydrocarbon wells
351-357Views:266Hungary is a country in an inactive volcanic area, but with a geothermal potentical recognized bot hat European and international level. The geothermal gradient of the country is ~ 45°C/km on avarage, while in other countries it is ~ 20-30 °C/km. Accordingly, the temperature can reach 55-60°C at 1 km and 100-130°C at depths of 2 km. There are many types of extraction and utilization of geothermal energy, of which a large group is energy recovery . This direction is not typical in Hungary, so it is worth developing. The developement of the sector is slow due to high initial invertment demand and the long planning phase. On the one hand, the aim of our reserach is to take steps to remedy this problem by examining the funcion change of a barren well. Int he foreground and peripheral areas of the Bükk Mountains, there are numerous unused hydrocarbon wells, which our work is examining for energy purposes with a view to their later utilization. The present study focuses on 13 abandoned wells in the Pünkösd Mountain, area of Bükkalja, Demjén.
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Characteristics of Knowledge Economy in Respect of Hungary
1-11Views:174The examination of the economic role of information, knowledge, human capital and investment into the human capital has come into the limelight over the last decades. Analyses include the characterisation of knowledge economy and the relationship between knowledge economy and market challenges. In this paper we examine the definition and indicators of knowledge-based economy. We analyse the trend of the participation rate in formal and non-formal education as a knowledge input, furthermore we examine the gross domestic expenditure on R&D as a percentage of GDP with particular attention to Hungary.
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Selection of Possible Installation Sites for Sour Cherry Refrigerated Containers and Estimation of Container Volumes to be Installed Using GIS Tools
108-115Views:24The purpose of this study is to propose the selection of installation sites based on publicly available data and sour cherry refrigeration container specifications, as well as to estimate the number of containers to be installed at possible sites. Today's escalating fuel supply and fuel price extremes make it particularly important to develop a sensible logistics sub-solution in the complex process of production, harvesting, storage, processing and sales. We undertook to develop a geospatial system that can be built and operated economically, its data sources can be updated occasionally or even at regular intervals, it is suitable for producing other outputs with additional descriptive or spatial data.
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Demand and Supply in the Talent Market
142-149Views:220In Hungary, the emergence of a talent market for organizations is due to the growing demand for talented workers. The talent's definition, the exploration of the factors affecting the talent market's demand and his supply are necessary to the overview. With the emergence of the talent market, we will also carry out an important analysis of the changes in the labor market in Hungary as well as the shortage of labor shortages. In the labor market today, different generations are present, who have different expectations for their employer and work environment. The lack of skilled workers is attempted by organizations with different methods. One of these is the ability of companies to become a talent-magnet, resulting in a higher number of employees in their area of activity. In areas where labor shortages are high, more and more attention is paid to automating processes. During the research, I worked on the related literature and studies to determine the factors influencing the talent market.
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3X3 Basketball Tournaments in Debrecen
231-250Views:203Faster attacks, spin speed, increased adrenaline levels, vehement play. This is all about the 3X3 basketball. In Debrecen, the first 3X3 basketball matches were held in 2015, most of them did not even think that the sport would be popular in Hungary as well. Practically, from the start of the first minute, the games were played with great success. Following the successful settlement, the International Basketball Association immediately offered a 3-year contract to Debrecen. The purpose of our research was to examine the 3X3 basketball tournaments in Debrecen, which was analyzed using a questionnaire and an in-depth interview. 69% of the respondents participated in the 2016 and 2017 events, but only 37% attended the 3X3 basketball tournaments that were held for the first time in 2015. It can be stated that this trend is growing and the event is gaining popularity nationwide. Sponsors and sponsors covered every issue of the event so the event was free of charge over the years. 72% of fillers, however, are willing to spend money on a possible entry fee. In terms of revenue growth, the introduction of admission fees is unlikely to reduce interest. Up to 1200 seats have been filled up for the event every year. Therefore, it is not surprising that a lot of people would like to enjoy a higher auditorium with more space. The introduction of 4-point boundaries (3 points) for 3X3 matches would be a great opportunity to try the "little brother" of basketball in the 4-point so that it can be introduced in traditional basketball. Hungary became the pioneer of the sport due to the results of the Hungarian national team and the successful organization of sporting events.
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Egy világméretű sportesemény, a 2017 Vizes Világbajnokság néhány társadalmi aspektusa a jövő managereinek szemszögéből a felkészülési időszakban
40-59Views:677Hungary hosts the 2017 FINA World Championships and Master’s Championships, one of the world’s largest sport event. Besides exploring the influential factors behind the potential effectivity, this study aims to identify social effects related to the event. Students in higher education today are the next generation of managers and company owners, therefore their attitudes and opinions will be determinative in terms of the decision-making. The empirical research took place in the University of Debrecen, the most populouses University of Hungary, 6 month before the official opening ceremony of the Championships.
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Challenges of the Quality- and Change Management in the Context of Upcoming Social-Industrial Changes (5.0) – Conclusion of a Survey
138-150Views:141The upcoming industrial-social revolution, which may be called the 5.0, is emphasizing the coordination of the value-creating work of technology (machine) and man. This approach wishes to move towards sustainability, which deserves a significant role in nowadays through the world empathizing the negative effects of the wolrd. During my research I was looking for the answer that how the extended industry 4.0 and its tone be in Hungary via supply chain of the automotive industry. During my research I was looking for the answer that how the extended industry 4.0 be in Hungary and its tune through supply chain of the automotive industry. I also have examined that which changes are justified regarding management systems in interest of efficiency and emphasizing the human capital by leaders interviewed. As a part of qualitative research in-depth expert interviews were interpreted with help of content analysis based on the methodology of grounded theory. The results demonstrate the need to review and change existing processes in order to ensure that the potential of human capital is not lost and that technological development, even more so, is at the service of human resources in order to achieve its efficiency and effectiveness. Among the possible tools we can find the re-structurizing changes of post tracking processes of the audits in management systems providing quality. Furthermore, the practical implementation of multifactorial statistical process control in the evaluation of processed data, which may be one of the essences of industrial (IoT) data.
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Studies on Consumer Motivation Among Users Of Fitness Services
442-453Views:244The rate of inactivity experienced world-wide is the cause of numerous health problems. The sedentary lifestyle of the population represents a great burden to a nation’s economy. The health indicators of Hungary are below the European average, not only those concerning physical activity, but also with respect to smoking, nutrition, and alcohol consumption [1]. In 2013, only 38% of the Hungarian population exercised regularly, while 62% rarely or never [2]. The diseases associated with inactivity represent a higher burden to the economy than the costs of raising the level of activity would be [3]. Based on previous studies, the motivating factors for leisure athletes in Hungary are the preservation of health, to increase physical strength, relaxation, recreation, the love of exercising, and stress management [4; 5]. The sports facilities available to a wide range of people, the fitness clubs offer the possibility to join regular sports activities, which is why it is necessary to examine the motivation behind the participation of athletes taking part in the trainings provided by fitness facilities. Many previous studies examined the goals of athletes and the motivational factors behind exercising, and came to the conclusion that trainings held in fitness rooms and at home are related to intrinsic motivational factors, while taking part in other sports activities are related to intrinsic motivational factors [6; 7]. The focus of my study are leisure athletes using the services provided by fitness clubs (753 people), of whom I evaluated the motivational factors behind taking part in trainings. The results show that the motivational factors driving consumers of fitness services show a ranking that is identical to those of other leisure athletes, with most of them taking part in fitness trainings in order to preserve their health, to improve physical strength, and for recreational purposes, while the improvement of physical appearance also plays an important role.
