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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:215In 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:222The 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:127Entrepreneurship 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:277In 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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Municipal Geothermal Systems: Evaluation of Three Hungarian Cases
81-93Views:63Geothermal energy holds great potential for a sustainable future, as it is a clean and weather-independent form of energy. In addition to energy production, it can also serve the population of a region through direct use. In this paper, three municipal geothermal systems (Szarvas, Nagyszénás, Békéscsaba) in the same Hungarian region which have been recently installed or expanded are presented and analysed. Here, the direct usage of geothermal energy for heating purposes is a very important issue. The three systems show several differences and to some extent face different challenges in the various phases of the projects. Particular attention has been paid to engineering solutions to the problems that arise. The challenges, such as technical difficulties during installation, maintenance difficulties, or problems arising during operation are introduced. The strengths, weaknesses, opportunities, and threats of similar geothermal systems were summarized, based on the relevant literature. These points were evaluated by their appearance and characteristics in the examined systems. This study aims to provide insights, based on recently gained experiences, into geothermal projects, thus providing feedback and practical information for researchers and practitioners.
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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:209In 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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Sustainable Energy in Aviation with Reverse FMEA Analyses
29-40Views:67This 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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Analysis of the Benefits of SAP S/4 HANA Cloud IT/Is Investment in the Case of PT XYZ
13-24Views:245PT 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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An Exploratory Study on the Level of Trust Among Hungarian Food Manufacturer Companies
277-288Views:215The 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:120This 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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Formation of Oxide Layers with Femtosecond Laser on Steel Surfaces for Color Marking
174-178Views:205With 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:1896The 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:83Fish 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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The Special Aspects of Leasing as Long-Term Asset Financing Method in Hungary
115-128Views:580Leasing 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:167DP 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:199The 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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The Importance of Energy Management in Hungary
72-79Views:117One of the important elements of our everyday life is energy, but the amount of it is constantly decreasing, so it is advisable to include renewable energies in our energy management in addition to traditional energy sources. In the field of energy management, the use of renewable energies deserves attention because their share is increasing, although their percent is small. At present, Hungary and the European Union's energy policy contain guidelines that aim to increase the utilization of renewable energy sources. These directives contribute to achieving environmental and climate protection goals, job creation, territorial and urban development, and the reduction of dependence on energy imports. In my article, I would like to present various calculations in the field of energy management as a result of the previously described information and I would like to explore the energy management contexts that have come to the fore when examining residential energy consumption
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An Overview of the Situation of SMEs in Hungary in Catching up to Industry 4.0
72-80Views:123Since I have been working I have been in contact with small and medium-sized enterprises (SMEs) and large companies in various ways. I have thus been confronted with the disadvantages of the former in terms of the introduction and use of 4IF technologies. Yet most of them are aware that to remain competitive in the market, they cannot avoid digitising their operational processes to some extent. I have also found that this mainly depends on the characteristics of the organisation; for example, its orientation. Domestic SMEs are therefore currently at a competitive disadvantage in the market. However, there is no information on whether there is a trend towards development and where they themselves should develop. This would help them to develop the right, achievable vision for the future, coupled with a feasible business strategy.
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The Top 5 e-commerce Competitive Advantages in Hungary
128-139Views:193Abstract. In my article, I map out the key competitive advantages that are essential to online commerce, online store sales, success, and popularity. There is a wealth of literature on the subject. Year after year, more and more research and surveys are conducted on customer value, shopping habits, consumer behavior, digital transformation, which I would like to summarize and articulate, and highlight the main elements without which online sales would not be effective.
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The Governance of Sports Organizations in Morocco: the Case of the Royal Moroccan Federation of Judo and Related Martial Arts
38-50Views:99Governance is crucial for effective sports organization management, particularly as sports organizations increasingly adopt business models. Research inquiries into suitable governance practices in sports have grown, reflecting the evolving landscape of sports management. This qualitative research examined the governance of the Moroccan Judo Federation through semi-structured interviews and analysis using Voyant Tools. Stakeholders, including the vice president, board members, coaches, athletes, referees, technical committee members, and financial manager, provided insights on key aspects of governance. The findings emphasized the importance of strong leadership, effective decision-making processes, transparent governance structures, stakeholder engagement, and ethical conduct. However, challenges were identified in decision-making, stakeholder engagement, conflict resolution, and financial management. Stakeholders highlighted the need for inclusive decision-making processes and transparent and accountable governance practices. By addressing these challenges, the federation can strengthen its governance, support judo's growth, and foster fairness and inclusivity.
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The Role of Small-Scale Household Power Plants in the Electricity Supply by the Hungarian Settlements
355-372Views:114The utilization of renewable energy sources spread with stormy speed on the world therefore more and more municipalities propose that they satisfy their energy demand from renewable sources. The fossil fuels represent a significant proportion in Hungarian energy balance and the majority of these is import energy. The proportion of renewable energy sources must be increased to decrease the energy dependence and the energy cost of municipalities, to increase the energy security and to consider the aspects of environment.The interest of Hungary is to increase the proportion of renewable energy sources in energy supply. In order to this, the government created the small-scale household power plant (SSHPP) category in the Electricity law. This power plants should be not greater than 50 kW's performance. In this category, electricity can be produced from renewable and fossil sources. Since the government introduced the small, household size power plant category the installed capacity was grown quickly in the last seven years. The general capacity was 0.51 MW altogether at the end of year 2008 but it has already approached 129 MW’s at the end of year 2015. The general capacity was increased by the multiple of the previous year every year between 2008 and 2015 and there will be more a dynamic capacity expansion. Data about the capacity and the produced electricity can be displayed on municipality level, too. The purpose of the investigations is to determine: how can the built capacity of the small, household size power plant category participates in the electricity supply of the Hungarian settlements? So how many percentages of electricity demand can be gratified by this electricity power on the settlements? Based on this a ranking can be made among municipalities which shows the level of sufficiency in production of renewable energy and give a possibility for the power shift. Finally, to what extent can be built upon this power plant category in order to that Hungary can comply its objective value.
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Evaluating the Entrepreneurial Performance in South America. Case of Chile
13-28Views:63The research objective is to explore Chile's entrepreneurial landscape by assessing individual characteristics and institutional factors through a 'pillars' framework and compare it against Colombia, and Brazil; to identify socio-economic, individual, and institutional differences using the Global Entrepreneurship Index (GEI); to apply bottleneck approach to highlight areas requiring policy intervention. GEI features individual and institutional stage variables in a method where every variable collaboratively interacts, incorporating 14 foundational elements and three sub-indexes: attitudes, abilities, and aspirations. Ranking 18th on the GEI globally and the best in Latin America, Chile excels in key entrepreneurial pillars, showcasing strengths in innovation and a robust entrepreneurial culture. Brazil closely rivals Chile in competition and networking, emphasizing political and economic influence. Colombia surpasses Chile in internationalization and growth-stimulating policies but faces challenges like historical conflicts and wealth distribution. This study identified areas where immediate policy intervention may be necessary by examining Chiles's entrepreneurial ecosystem. The Penalty for Bottleneck (PFB) technique identified the weakest pillars highlighting process innovation, competition, and internationalization. The primary component identified as a bottleneck for resource allocation is Process Innovation, accounting for 73% of the allocation, followed by Competition at 23%. The findings show that allocating more resources to process innovation may improve greatly the overall GEI score.
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Why do not people attend football matches in Hungary?
11-22Views:265Both international and domestic research on passive sport consumption focuses on the motivations of fans. However in Hungary, unlike the examples of North America and Western Europe, we have to look for answers to the question of why people do not go to football matches. In order to find an answer to this question, we conducted an online survey with a number of items of 347 people. For the latter a scale measuring absence from sport consumption was used and the reliability of the scales was tested by Cronbach's alpha calculation. After our principal component analysis, we developed 5 internal and 5 external factors, on which we conduct hypothesis test along demographic and sports consumption variables. Based on our results, we have established that, contrary to public opinion, the low number of spectators in Hungarian football matches is not only and primarily due to unsucces and the low quality of matches. Our respondents are mostly kept away from stadiums by football-related government measures, as well as by preferring to participate in other recreational program opportunities.
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Szervezeti életciklusok és a Lean transzformáció
646-656Views:314A 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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Geothermal energy utilization in the Bükkalja region by reusing abandoned hydrocarbon wells
351-357Views:280Hungary 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.
