Abstract: It is generally true that every entity is doing the same, that is, from ideas, subassemblies, raw materials, information and financial resources, with the participation of human capital, they create value in the form of a product or service for the final consumer. However, there is an essential difference between organisations in how they achieve this. What kind of financial structure, what quality and quantity of raw materials, what human capital they use, and what kind of other organisations they cooperate with. Consequently, the difference lies in the applied financial model, i.e. in the fundamental logic and the strategic elements of value creation and value acquisition in the value chain. The Sharing Economy Model only appeared a few years ago, yet, there is already a lot of money and human workforce in this area, which demonstrates the success of companies using that structure. Despite the fact that the authorities look suspiciously at Sharing Economy, it seems to be staying with us in the next few decades. Therefore, it is worth considering how it can restructure power relationships between companies and governments, employers and employees, banks and their customers. Banks are looking at peer-to-peer landing companies that lend money by eliminating traditional financial institutions with distrust. They do so for a reason: it is enough to take a look at the exponential growth in turnover figures. This study aims at presenting the new transaction platforms in the chosen sector by analysing the competitiveness of domestic banks (Túróczi, 2016), as well as placing the model in the well-known theoretical framework of economics.
Keywords: Sharing Economy, business model, innovation, financing, competitiveness
JEL code: D23
Abstract: In an ever-changing world with greater pressures being placed on people management professionals, the need to become faster, fitter and more flexible to meet the needs of our organizations has never been more pronounced. (Bakacsi et al., 2013) Alongside this managing multi-generational workforce has become a contemporary issue in human resource management. More so, with competition for talent on the rise, developing a corporate culture of employee engagement and commitment has become a foundational imperative for most organizations. Multigenerational workplaces has to deal with distinct age groups with differences in terms of motivations, working styles, communication patterns and technological preferences working together towards achieving the goals and objectives. The responsibility of HR becomes more and more strategic to ensure the continuity in the strategy execution on any level of the organization. (Bersin by Deloitte, 2015) Among others in the public sector leaders face a growing challenge to source efficiently, keep up with the free market within the compensation system, foster knowledge management and make sure the organizations’ capability to further innovate. This paper does not look for an ultimate solution or aims to standardize or even increase conformity. It shows elements of the HR-toolbox globally operating companies across industries use and is more to open up a discussion around the incompatibility and harmony of people´s expectations, material world and value-based leadership. The study explores the current trends and challenges around the generational diversity at the workplace and tries to establish a linkage to the toolbox of talent management in order to provide possible solution scenarios based on practical experience.
Keywords: Labour management, HRM, organizational performance, multigenerational workforce
JEL code: M12, M54
Abstract: Six years have passed since the political metamorphosis, called Arab Spring that had swept away President Mubarak’s three-decade rule. The following years can be divided to several periods: military governance, then moderately radical Islamist rule, then military government again, and finally - since May 2014 - the election and official tenure as president of the head of the recent military government, General Sisi who is the incumbent head of state even now. President Sisi came with ambitious plans, the essence and goal of which was the economic restoration, and the inner political and social reconciliation of Egypt. No doubt about the fact that it has already shown certain results at macroeconomic level. But, the dissatisfaction of the society seems to be growing. Prospects for the Egyptian society of nearly 90 million people, especially for the poorest groups (which ranges to the half of the population) have not yet improved and many people from the young generation feels no future. People in Egypt expected better living conditions and possibilities from the Arab Spring, but instead they experience increasing economic restrictions, corruption cases of politicians closely tied to the army, and certain signs of a police state, which was well known during the Mubarak-era. After all it is a delicate question whether President Sisi will be able to implement the macro-economic restoration of Egypt or not, but if so, what price the society has to pay for it? This paper will introduce the latter factors, the present state of the Egyptian economy and society.
Keywords: Egypt, economic restoration, social tensions
JEL code: O55, N37, N47
Abstract: This paper aims to give a broad overview on the development interrelations and on the social as well as the geopolitical significance of infrastructural network in global level perspective. This network is seen as the backbone of the phenomenon of globalization and explains its vital role in the simultaneous recent process, which is localization. The infrastructural network makes a link and reduces time distance and cost distance between remote places. Via this process, they give floor for the global movements of the factors of production (labor, capital), technology, goods, services, money, information, and externalities. They offer an opportunity for the emergence of the new globalized world economy based on great worldwide connectivity. The condition of infrastructure is a development indicator. According to infrastructural index numbers, huge spatial disparities can be experienced in the world. These inequalities emphasize the importance of the development of infrastructure all over the world. Lack of infrastructure in a great part of the world is not only a local difficulty but also a global challenge. The article describes the general financial background of infrastructural investments and it follows that state participation would be inevitably necessary for these great-scale investment procedures directly or indirectly. However, there is not one state on a global level. Nevertheless, a couple of international actors are eager to substitute the lack of a global state in this area of responsibility. This study offers a collection and categorization of the key actors being involved in global infrastructure development. The infrastructural development implies political benefit on each spatial level from the settlement to the international ones. On the global scene superpowers also use this kind of benefit in their geopolitical fighting. Moreover, some infrastructural elements have global significance. Not only now but in the past also there was a great endeavor between the powers to control them. This article identifies some of these oppositions andconflicts in relation to globally important infrastructural elements.
Keywords: infrastructure, infrastructural development, network, globalization, localization, development, geopolitics, inequality
JEL code: F50, O10, O18, O19
Abstract: In agricultural activities farmers work together with several individuals and organizations, and sign (oral or written) collaborations. These cooperations can be very different depending on horizontal or vertical form. Cooperation exists at many levels and takes place between individuals and organizations (e.g. farmers, producers, enterprises, employees, organizations, owners, and government agencies). Cooperation between and among parties is often referred to as a cooperative relationship. The cooperation concluded by participants are often analysed by the New Institutional Economics. The development path of the Hungarian agricultural cooperatives was different from the Western European path from the second half of the 20th century. This situation caused the deterioration of trust between the partners in the agricultural sector. However, new cooperations and relationships were established based on product line collaborations since 1990. It is important that the cooperation of partners can results in the agricultural sector and contributes to the success of agricultural actors because the transaction costs are reduced and the confidence between the producers and other stakeholders may gradually increase. A new virtual system which makes connection between the demand and supply sides of the inputs can open prospective contacts and its findings are more than a traditional connection. In this work my main goal is to present the forms of the Hungarian agricultural cooperations and to develop a new cooperation system concept.
Keywords: Cluster, Confidence, Marketplace, Partners
JEL code: O13, O32, Q16
Abstract: The purpose of our research is to reveal and explore deeper motivations and experiences of the Bachelor double degree program of Budapest Business School, University of Applied Sciences, College of Commerce, Catering and Tourism. Furthermore, this year the European Commission has a historical anniversary of the Erasmus Programme, which gave us the idea to emphasize this program in our research as well, because in most cases the double degree program is related to the Erasmus+ scholarships. We also had a personal motivation to investigate this topic, as the authors of this research are currently completing their double degree studies at Hof University of Applied Sciences, in Germany. First, we searched for facts and aims about the double degree and the Erasmus Programme, then we analyzed the data from the BBS CCCT Erasmus+ participation rata in a 8 years of period. Due to the topic and the small number of interviewees, we decided to conduct depth interviews. The interviewees were selected by the snowball method and arbitrarily from the sample, which was fundamentally small, and after the short introduction of the research questions, the main issues were revealed. Exceptionally interesting results have been produced, which can be found in the research and in the annex. The most important proposition (because in qualitative research no concrete conclusions can be drawn, the results are not representative) has been formulated in the following statements. The double degree program is an outstanding opportunity for the students of BBS, because they can be awarded with their own university’s and the partner university’s degree as well in the same period. Furthermore, the students of the program can gain competitive advantage on the labour market and professional language skills, just like widespread intercultural competences. On the other hand, our results according to the double degree program awareness in BBS CCCT was only partially fulfilled, because the results showed us that there is no specific promotion activity from the CCCT side to emphasized the program.
Keywords: 30 years Erasmus Programme, double degree program, BBS CCCT, student research
JEL code: F55, I21, A22