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Successful International and Hungarian Family Businesses
280-287Views:516The purpose of family businesses are maintaining market competitiveness, develop sustainably and achieve their results in the dynamic market environment. The family run businesses are contributing significantly to the economic growth. They are interested in long-term preservation of values. The study presents the charachteristics of the world’s TOP family owned companies. In order to proving the economic value and importance of the Hungarian family businesses the study contains some findings of a representative national.
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The Cluster as a Learning Organization
313-330Views:140Globalizálódó világunkban, ahol a KKV-k egyre inkább részeseivé vállnak a nemzetközi piaci versenynek, a klaszterek szerepe a cégek versenyképességének támogatásában meghatározó. Az elmúlt évtizedben jelentősen megnőtt az érdeklődés az innovációs klaszterek iránt, mely mögött részben az a felismerés húzódhat, hogy a vállalatok versenyelőnyét nem csupán a saját kompetenciái, erőforrásai jelentik, hanem a földrajzilag közeli üzleti környezetében fellelhetőek is. Ahhoz, hogy a klaszterek eredményesen tudjanak működni, bizonyos egyéni és szervezeti kompetenciákat birtokolnia kell. A hatékonyan működő klaszterekre tekinthetünk úgy, mint tanuló szervezet, hiszen az egyének törekednek képességeik folyamatos fejlesztésére, a közös tanulás képességének elsajátításában motiváltak, kollektív elképzelések, közös célkitűzésekés és azok megvalósítására való törekvés jellemzik. A tökéletes tanuló szervezet rendelkezik a folyamatos innováció teremtő képességgel, melyhez nagymértékben hozzásegíti a folyamatos tanulási folyamat, amely új tudást és magatartásváltozásokat eredményezve, hozzásegíti a környezeti változásokhoz való alkalmazkodását. A tanulási folyamatok esetében fontos szem előtt tartani, hogy legalább olyan ütemben tanuljuk, fejlődjünk, amit a környezeti változások megkívánnak. A készségek, képességek, a klaszterszintű együttműködés szempontjából azért töltenek be kiemelt szerepet, mert ha a partnerek nem rendelkeznek a kooperációhoz szükséges kompetenciákkal, akkor az együttműködés lehet bármennyire előnyös, az nem lesz eredményes, hiszen csak korlátozott működésre lesz képes. Miként segítheti elő a „Tanuló szervezet-ként” való viselkedés a klasztert, hogy a szükséges kompetenciákat megfelelő szinten birtokolja? A cikk vezérfonalát a klaszterek eredményes működéséhez szükséges kompetenciák beazonosítása, valamint a klasztereken belüli tudásmenedzselés, tudásmegosztás megvalósulásának vizsgálata adja.
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Practical Application of Methods in Strategy-Based Analyzes
59-72Views:463Increasing environmental volatility is a growing challenge for companies and businesses. The speed of economic events is changing, and the risk of uncertainty is increasing, requiring business to take a new approach to strategic planning. In the design and forming of their strategy, both the factors of the external and internal environment and the analysis of their competitors can be based on well-chosen methods. We consider the review of these methods, their application in planning and educational practice. The aim of our work, in which we present the methods that underpin the strategy applied in both domestic and international practice. The analysis of the external environment illustrates the construction and applicability of an external factor analysis matrix based on traditional PEST analysis and the Porter's five-factor model. In the case of internal factor analysis matrix, we focus on the approach of method choice, and on the applicable methods, the importance of the resource-based approach, the analysis of key factors and the Porter value chain analysis matrix. The third pillar of the analysis that underpins the strategy is the matrix-based assessment of competitors. The applicability of the methods depends on the form of the enterprise, the field of activity and the nature of its activities, which is complicated by the emergence of new economic spheres (e.g.: sharing) and transformed power relations.
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Testing Methods of Green Supply Chain, in Particular Supplier’s Selection an Evaluation Tools
240-254Views:375Today, more and more articles have emerged in the field of sustainability and sustainable development. Sustainability plays an important role in supply chain management too. Green Supply Chain Management (GSCM) has emerged as a key approach for enterprises seeking to make their businesses environmentally sustainable. The notion of GSCM implies the insertion of environmental criteria within the decision-making context of the traditional supply chain management. Enterprises are increasingly expected to extend their sustainability efforts beyond their own operations to their suppliers and customers to their sustainability expectations. Literature of green supplier evaluation and selection methods number is large, though the number of environmental factors are relatively limited. Recently in supply chain management decision making, approaches for evaluating green supplier performance have used both qualitative and quantitative environmental data. Given this evolving research area, the purpose of this article is to analyse research conducted in international scientific journals focusing on the selection and evaluation of a green supplier. The purpose of this article will answered two questions: Which selection methods are commonly used? What environmental and other selection criteria for green supplier management are popular?
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Quality Development of a New Type Pharmaceutical Formulation
112-127Views:213The aims of companies to understand internal and external customer demands in order to improve their existing products and develop new ones. Product development aims at understanding customer demands that may influence the production of the product to be manufactured. As a first step in the process, the customer voice method was used to define demands with measurable parameters. A questionnaire survey was used to prioritise them, which were then compared and ranked using a preference matrix. Within the QFD method, technical parameters influencing the satisfaction of customer demands were determined. A correlation matrix was established and the relationship between the technical parameters was investigated. A competition analysis of technical parameters and customer demands was carried out. From the absolute and relative weights, it is easy to establish the order of the technical parameters, so that the most important parameter in terms of meeting the defined customer demands is the determination of the ratio of raw materials, and important parameters are chemical stability, pharmaceutical formulation and particle size.
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Comparison of the information content of the notes on the accounts between information technology services and sports activities
689-700Views:185Annual accounting statements are an important source of information within business relations amongst companies. However, it should be noted that due to their aggregate nature, the necessary information and through that the necessary knowledge can only be obtained from the two fundamental parts of the annual statements (balance sheet and profit and loss account) if the notes on the account contains the information that contributes to the more comprehensive interpretation of the other part of the annual statement. Beyond that, the notes to the financial statement have to help the presentation of a reliable and realistic overall image. In the notes to the financial statement, depth and detail of the disclosed information are not specifically stated, therefore their professional evaluation is left to the given enterprise. My basic purpose is to illustrate a comparison of the information content of the notes on the accounts between information technology services and sports activities. By means of text mining, we analyse the extent to which the notes on the accounts are in conformity with the Accounting Act.
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Monitoring of the Profitability Effect of Tourism Supports in the North Great Plain Region
165-175Views:102Today the tourism is one of the largest and the most dynamically progressive sector, monitoring of its performance important research area. The sector and its companies' performance are related tightly, a present study deals with the corporate performance test. Its accurate goal is the monitoring of the profitability effect of 2007-2013.yearly budgetary periods tourism supports in the North Great Plain Region through the example of two of a region's companies. The basis of the examination the statistical, corporate data which can be reached publicly and data from the questionnaire filled by the companies and data from their competition registrar.
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The Empirical Examination of Firm Value Drivers Regarding the Global Financial Crisis
213-222Views:167The article focuses the corporate value creation and the most important value drivers. The first goal of the paper is to classify the most relevant value drivers, and their function of the firms’ value. Further objective of this study is to introduce the effects of the 2007-2008 global financial crisis. This article demonstrates the following. The first part presents the value chain and illustrates the primary and the support activities of the corporates. The second section briefly presents the 2007-2008 financial global economic crisis, introducing its causes, events and financial aspects. The third empirical part of the article analyses the database featuring data from 18 European countries, 10 sectors and 1553 firms in the period between 2004 and 2011. At the end, the fourth part contains conclusions. Based on the related literature reviewed and in the conducted empirical research it can be assessed that 2008 can be seen unambiguously as the year of the financial crisis. In this year, all predictors had a negative effect on the criterion variable, the firm value.
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Investments and Their Financing Risks and Risk Management Trends in the Last 10 Years
184-203Views:212The purpose of our literature review was to understand the state of research related to management of risk of corporation’s investments and their finance within the past 10 years. Nowadays the risk management and problem solving are characterized by holistic approach and complexity - and these tendencies we can see clearly. We need to examine the likvidity, financing and investment questions together, because of the interactions between them. They can influenced the corporate value together. The role of risk management in the investments is the cash-flow smoothing (we mean: cash-flow generated by investment). The field of corporate finance is noticeably inseparable from other areas of business science (at least in the empirical analyses), and even technical issues, like risk management, have long been considered suitable appropriate in an integrated form. The financial and operational hedging has become indispensable elements of the managerial toolbar. The consequence of crisis (from 2007) promotes the birth of many studies that justify it. The researchers are paying close attention the transaction costs, such as costs of contracts or agent costs, and the losses due to information assimetry. The statements of behavioral finance connection with managerial decisions mean important additives in this field.
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Examination of the Informative Part of the Notes to the Financial Statement Amongst Hungarian Companies Engaged in Sports Activities
108-116Views:184Currently, the role of sports has intensified and changed; by now, it has become a separate area of interest from an originally civil, exercise-based, private leisure activity. In the case of sports-related economic research, both macro- and microeconomic research can be mentioned. Its economic significance, its contribution to employment, national economic income, and consumer spending is involved in macro-level research, while the examination of the functioning of sports services and organizations, and the characteristics of demand and supply are micro-level research activities. One of the reasons for the development of sports activities was the increase in their economic significance, which created a need for their economic analysis. The necessary information can only be obtained from the two fundamental parts of the annual statements (balance sheet and profit and loss account) if the notes on the account contains the information that contribute to the more comprehensive interpretation of the other parts of the annual statement. In our research, we examine whether the notes on the accounts of companies include the information, which could help obtain necessary financial knowledge concerning the partner companies. For the analyses, we used the notes on the accounts of companies, which have sports activity (Hungarian NACE No. 931) as their main line of business. By means of text mining, we analyse the extent to which the notes on the accounts are in conformity with the Accounting Act.
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Investigation of SCOR Model in Connection with Performance and Warehouses
227-239Views:145Business leaders can use several strategic tools to improve the organization, depending on what they consider to be important. The Supply Chain Operational Reference Model (SCOR) is one of these. Its importance is to link business processes, performance metrics, best practices, and technology together and to create a unified structure. It promotes communication between the stakeholders of the supply chain and improves supply chain management and the efficiency of the related supply chain improvement activities. The aim of this study is to find out how the SCOR model appears in the international literature related to warehousing and performance. What methods and tools do authors use to investigate their research questions and hypotheses? Description statistics and category selection were used to present the results of the study. The number of SCOR model researches related to warehouse performance measurments are very rare, it is rather used to describe different processes. In the future, it would be worthwhile to extend the SCOR model analyzes to further fields, especially to warehouse performance measurements.
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Szervezeti életciklusok és a Lean transzformáció
646-656Views:315A 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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Demand and Supply in the Talent Market
142-149Views:234In 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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International Experiences of Introducing Dual Training Based on Examples from Some Countries
Views:163In Hungary, dual training was introduced in 2015. Dual training is a response to the needs of the labour market and has become increasingly popular since its introduction. Dual training is also playing an increasingly important role in higher educationin many countries, helping to modernise education, the knowledge transferred and fostering stronger links between companies and universities. The aim of this article is to present the dual training system and the international experience gained over time, drawing on the literature available on the subject.
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Product Assembly Process Improvement of Agricultural Cultivator Trailers
59-62Views:83The aim of our paper is to increase production efficiency of a small and medium sized enterprise by
applying cost-effective process development tools. The existence of the firms depends on their business processes,
because optimally-organised process is a key in the run of business (business run) in a productive way. In order to
keep and grow the competitive edge with the competitions, firms must supervise their processes with constant
frequency, and if it is needed, procedures must be developed. In this case, company can resort to both human and
physical resources. Our experiment focused on the development of an assembly process at a small sized enterprise.
Applying process modelling techniques, and diagnostic procedures, and also data gathering methods we try to get to
define corrective actions, with which the whole lead time can be reduced by 50%. For investigate and rank waste we
use failure mode and effects analysis and 5 whys methods. -
Experiences of Innovation Projects in the Light of the „European Paradox”
563-578Views:109Corporate innovation can be a major factor in economic development and long-term high-level corporate performance. The position of the EU in international innovation rankings has not improved since the 2000 2009 period; though there has been a more positive trend since 2010, meeting the Lisbon goals, the EU is still not at the forefront in terms of R&D&I. Behind this process is the rapid progress of some industrially developing nations in R&D&I, as well as the relatively slow institutional development of national innovation systems in Europe. The relative lag in Europe can be explained by the frequently referred to “European paradox”, which is still unclear for methodological reasons. Firstly we consider the international ranking in innovation, then discuss one of the explanations put forth to explain this rather weak performance. We present case study that represent Hungarian experiences with corporate innovation.
