Search

Search Results

• Global Value Chains and Upgrading – Experiences of Hungarian Firms in the Machinery Industry

  5-22

  Andrea Éltető

  Anikó Magasházi

  Andrea Szalavetz

  Views:

  241

  Global production networks and global value chains have become widespread today. In these cases firms locate the various stages of their value adding activities across different countries. The activities of global value chains form a new phase of globalization characterized by fragmented production, transfer of technology, and decreasing transport costs (Kaplinsky 2013). Developing countries are involved in these production networks, perceiving this as an important (if not the only) way to develop. The Central European countries have taken an active part in the chains of multinational firms since the nineties. The benefit derived from this participation varies across sectors and firms. In this article we analyze the experiences of Hungarian companies in the machinery industry. The structure of the article is the following. After a description of the basic research question and methodology, a literature review is provided. In the following section we introduce the companies surveyed and review their product-, process- and functional upgrading experiences. Finally, we discuss our findings and suggest some managerial and policy implications.

  Journal of Economic Literature (JEL) codes: F23, M21

• The role of franchise as a governance form in the economy

  59-83

  Anett Flaskar

  Views:

  169

  Today franchise is becoming an increasingly common form of governance. Its popularity can be explained by the fact that a company can quickly expand and develop with the help of this business model. The franchise system affects the whole economy positively because it creates jobs and contributes to GDP. The paper is concerned with analyzing the role of franchise networks in the US economy which is considered to be the home of franchise, and also in European economy. Surveys, published by the International Franchise Association and the European Franchise Federation, provide information about the number of units, employment, payroll, the value of economic output and contributions of franchised networks to GDP. These data indicate that the franchise sector is playing a more and more important role in the economy, outperform other sectors, and considered to be the main engine of employment and economic growth.

  Journal of Economic Literature (JEL) codes: D22, L14

• Adatbányászat üzleti szemmel (I. rész)

  Attila Harmati

  Views:

  94

  Organizations in the 21st century - whether they are profitoriented or not, in private ownership or state-owned - can increase their efficiency with an outstanding tool. This tool is data mining. This article first of all defines and presents data mining, and locates it in the process of 'Knowledge Discovery in Databases'. Following this we review the fields of employment of data mining and the basic methods employed. In particular we discuss the method of classification and the theoretical background of the main techniques, such as decision trees, neural networks and logistic regression models. The second part of this paper presents the real world application of this technology by way of an analysis of a real database.

  Journal of Economic Literature (JEL) classification: C25, C44, C45, C49

• A comparison of efforts to set up cluster initiatives in two Hungarian regions – submitted cluster proposals in North Hungary and the Northern Great Plain

  133-140

  Mate Pecze

  Views:

  103

  The Hungarian government has taken the initiative to finance the formation of new entrepreneurial co-operations using the cluster theory. It is not certain whether or not the Hungarian economy is ready for an initiative such as this. In North Hungary and the Northern Great Plain (two Hungarian NUTS 2 regions) project teams set up fresh clusters to obtain the subsidy – as in other regions. Their level of cooperation, the number of submitted projects and the ratio of successful projects tell us if theory and the western practice fit with the local needs - if Hungarian companies want to work and can be successful in clusters or not. In this article I examine the willingness of regional business actors to cooperate and start new business networks in the framework of the 2008 regional cluster calls. The two regions have similar but not identical results.

  JEL classification: R58, L2

• Some economic aspects of higher education quality

  14-30

  Peter Levente Lakatos

  Csaba Mako

  Views:

  292

  Based on the world's most renowned university rankings, OECD annual reports and Eurostat data, this paper seeks to demonstrate that a competitive economy requires competitive (higher) education and that there is a significant correlation between the quality of higher education and economic development. Furthermore, in this process, the higher education quality assurance organization system has an outstanding task and responsibility through the formation of quality culture, guidelines, helpful research, summary of good practices and making constructive suggestions. Finally, it points out that close collaboration between universities and agencies with stakeholders is a priority area, which could contribute to a much more capability-based output system in the longer term. It also considers it desirable to make the relationship between universities and scientific research networks and research institutes closer and more vibrant (where it is not).

  Journal of Economic Literature (JEL) codes: H52, I22, I23, I25, I26, O15

• Regional netwrok cooperation

  115-130

  Marietta Kiss

  Views:

  113

  The current study aims to reveal the regional network cooperations - found primarily in the construction industry -, in particular in the Észak-Alföld Region. The study includes three main parts: after the industry analysis of the construction industry a short summary follows about the theoretical bases of today's business network cooperations, clustering, and such relationships especially among firms operating in the construction industry, and finally it is closed by a case study revealing the relationship network of a dominant construction company of the Észak-Alföld Region. The most important finding is that in Hungary clustering in the construction industry - that has already existed in several developed economies - has not started yet, however, networking - that can be the basis for the development of a construction industry cluster - has already began, and if it continues, it further increased the advantages already experienced.

  Journal of Economic Literature (JEL) classification: L140, L850

• Competitive adavntages: Theory and corporate practice

  51-70

  Gabor Hovanyi

  Views:

  140

  The competitive advantage achieved by a company basically influences its profitability and market position. The article shows that in addition to this the evaluation has many other criteria, and the management must consider these when defining competitive adavantage. The study explains that as a result of the acceleration of technological and economic development, the globalization of economic processes, and the evaluation of networks of interdepedence, the management have to face new types of competitive advantage. To choose between these the management has to consider competitive vulnerability. Following this the article attempts to summarize the basic law of the theory of competitive advantage, before introducing the most important management techniques for the selection of competitive advantage. Finally, the study emphasizes that the key factor in  achieving a competitive edge and the success of different management techniques is the CEO, and through the model of the "CEO's personality pyramid" it explains the requirements that the manager has to meet.

  Journal of Economic Literature (JEL) classification: O30, O32