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  • The Factors of Digitality and Sustainable Competitiveness in the Domestic Context
    217-226
    Views:
    154

    The recovery of international relations and the development of technology are in correlation with the increasing globalization tendencies. These processes increase the interdependence of countries, but also the competition between them. The factors of competition are constantly changing and being revalued. As a result new elements appear in addition to the traditional elements, and there are assimetries between existing components. The economic performance of a country increasingly depends on the knowledge and technology, its economic success on the use of knowledge. The purpose of the study is to present and analyze the proxies that define and shape the role of Hungary by IMD Competitiveness Research Center and by the complex indicators developed by Korea-based SolAbility. It also draws attention to all the factors that will significantly effect our country's economy in the future.

  • Knowledge of Control Methods and their Application in the Practice of Small and Medium Enterprises in the Northern Great Plain Region
    441-452
    Views:
    317

    Like large companies, the small, and medium-sized businesses need also all the information to ensure the efficiency and effectiveness of their business by making sound management decisions. Compared to large companies, SMEs have significant development potential, which can be created in part by the companies themselves, possibly through the introduction of new-modern management - business administration methods or economic policy measures (= targeted and efficient support system), which, by stimulating R & D & I processes, serves to increase competitiveness and contribute more and proportionally to domestic GDP and exports. The analysis presented in the study covers the controlling knowledge of the leading SMEs of the Northern Great Plain Region, the conscious or unconscious application of controlling tools, the assessment of succession, customer and supplier valuation and certain areas of managerial accounting. Overall, it can be concluded from the small sample size that the use of controlling tools is proportional to the size of the business, but nevertheless, many mid-size business executives do not require the collection and analysis of insider information that could explicitly help decision making for example  through advanced costing procedures.

  • The Efficiency of Intellectual Capital as a Crucial Factor of Innovation
    419-428
    Views:
    226

    In today's global economy, there is a substantial shift from manufacturing to services, which challenges both economic policymakers, business stakeholders, owners, suppliers, competitors, and ordinary people: restructuring will encourage all economic players to learn how to adapt to new trends. That is why our research focuses on innovation and the ability of companies to create value. The IT sector is currently one of the fastest-growing and most innovative sectors within the service industry. The success of IT companies is greatly determined by their ability, how to make effective use of their intangible assets at their disposal, including intellectual capital, which is defined as a non-financial asset. So the question may arise: how is it possible to quantify and in monetary terms the intellectual capital of the companies to be examined? That is why, we calculated for the most successful Hungarian IT companies the widely recognized index, the VAICTM index, for which domestic calculations are not yet available. Indeed, this indicator eliminates the lack of information stemming from reporting standards by the methodology relying on publicly available financial reporting data. The indicator itself is a top indicator whose two main sub-indicators quantify the effectiveness of intellectual capital and physical capital.

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