Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary

Ildikó Marosi; Thinh Duong Van

doi:doi:10.11648/j.sjbm.s.2015030101.16

| Peer-Reviewed

Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary

Ildikó Marosi, Thinh Duong Van

Published in Science Journal of Business and Management (Volume 3, Issue 1-1)

Received: 30 November 2014 Accepted: 9 December 2014 Published: 27 December 2014

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

The focus of our analyse is on the Vietnamese family businesses which are operating in Hungary. What type of assets did they have during the 2008 economic crisis? Which are the special characteristics, values, knowledge and experiences that helped them to develop in a foreign environment? These families and family businesses had to learn language, roles, rules, traditions, legislations etc. Ten family businesses were involved in our primary qualitative research and principal characteristics were identified which determine their knowledge management. They have two powns to survive: one is the ability for extremely quick learning new knowledge and flexible adaptation to the environment. The second one is the original (Vietnamese) value system of their families which provide a supporting background for these processes.

Published in	Science Journal of Business and Management (Volume 3, Issue 1-1) This article belongs to the Special Issue The Role of Knowledge and Management’s Tasks in the Companies
DOI	10.11648/j.sjbm.s.2015030101.16
Page(s)	32-38
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Family Businesses, Hungary, Knowledge and Competences, Values, Vietnamese National Culture

References

[1]	A. Almási, “Corporate culture at family businesses.” in G. Pop, “11th Annual International Conference on Economics and Business, Challenges in the Carpathian Basin, Global challenges, local answers”, 16-17th of May, 2014, Sapientia Hungarian University of Transylvania, Miercurea Ciuc, Risoprint, Cluj-Napoca, pp. 373-391.
[2]	G. W. Creed, “Family Values” and Domestic Economies”, Annual Reviews Antropol., University of New York, vol. 29, 2000, pp. 329-55.
[3]	M. Csath, “Stratégiai változásmenedzsment.” Aula Kiadó, Pudapest, 2001.
[4]	M. Dobák, Zs. Antal, “Vezetés és szervezés. Szervezetek kialakítása és működtetése.” Aula Kiadó, Budapest, 2010.
[5]	W. G. Jr. Dyer, “Examining the “Family Effect” on Firm Performance.” Family Business Review, 19, 2006, pp. 253-373.
[6]	European Commission, “A vállalkozói szemlélet és készségek fejlesztése az Európai Unióban.” European Union, http://ec.europa.eu/enterprise/policies/sme/regional-sme-policies/documents/no.1_entrepreneurial_mindsets_hu.pdf, 2014.06.03.
[7]	P. Futo, “Hungary: a quantitative overview of irregular migration”, in A. Trandafyllidou (ed.), Irregular Migration in Europe: Myths and Realities, Ashgate, Farnham, 2010, pp. 167-186.
[8]	T. Habbershon, M. L. Williams, “A resourcebased framework for assessing the strategic advantages of family firms”, Family Business Review, 12, 1999, pp. 1-25.
[9]	T. G. Habbershon, M. Williams, I. C. MacMillan, “ A unified systems perspective of family firm performance,” Journal of Business Venturing, 18, 2003, pp. 451-465.
[10]	L. Henczi, “Tudás és/vagy kompetencia.” www.mszi.hu, 2009, downloaded 30.03.2010.
[11]	A. G. Hessami, M. Moore, “Competence Matters More than Knowledge.” The Electronic Journal of Knowledge Management, vol. 5, issue 4, pp. 387-398.
[12]	M. Hitchcock, S. Wesner, “Vietnamese values, networks and family businesses in London”, Asia Pacific Business Review, vol. 15, no. 2, April 2009, pp. 265-282.
[13]	G. Hofstede, G. J. Hofstede, “Cultures and Organizations: Software of the Mind: (Intercultural Cooperation and its importance for survival), 2 McGraw-Hill, New York, 2005.
[14]	G. Hofstede, “Cultural tools Country Comparison.” http://geert-hofstede.com/vietnam.html, 29.11.2014.
[15]	W. J. Irava, K. Moores, Clarifying the strategic advantage of familiness: Unbundling its dimensions and highlighting its paradoxes.” Journal of Family Business Strategy, 1, 2010, pp. 1313-144
[16]	I. Kertai-Kiss, “A nemzeti és szervezeti kultúrák illeszkedése a nemzetközi szakirodalom alapján,” VIKEK, in progress, ISSN 2062-1396
[17]	I. Kertai-Kiss, “The fit of national and organizational cultures in international scientific literature,” Management, Enterprise and Benchmarking in the 21st Century, Óbuda University, Budapest, 2014, pp. 301-314.
[18]	K. Lazányi, “Entrepreneurs of the future.” Serbian Journal of Management, 9 (2), 2014, pp. 149-158.
[19]	K. Lazányi, “Short Assessment of the Situation of Hungarian SMEs and Potential Role of Higher Educational Educational Institutes.” in I. Mihajlović (ed), “Possibilities for development of business cluster network between SMEs from Visegrad countries and Serbia.” International May Conference on Strategic Management – Bor, Serbia, University of Belgrade, 2014, pp. 55-64.
[20]	I, Mandl, “Overview of Family Business Relevant Issues.” Contract No. 30-DE-0164021/00-51 Final Report KMU Forschung Austria, Austrian Institute for SME Research, Vienna, 2008.
[21]	I. Marosi, “Roles of Socialisation in Strengthening the Labour-market positions of young entrants”, Serbian Journal of Management, 9 (2), 2014, pp. 173-182.
[22]	T. Maroukis, K. Iglicka, and K. Gmaj, “Irregular Migration and Informal Economy in Southern and Central-Eastern Europe: Breaking the Vicious Cycle?” International Migration, vol. 49 (5, E. Gozdziak, Ed. Georgetown University, 2011, pp.129-156.
[23]	H. H. D. Nguyen, N. T. Nguyen, “Examining Personal Values and Entrepreneurial Motives of Vietnamese Entrepreneurs in the 21st Century: Two Empirical Studies,” African and Asian Studies 7, 2008, pp. 141-171.
[24]	E. Sik, “Emberpiac a Moszkva-téren – szűkülő változatlanság 1994 és 2004 között”, Közgazdasági Szemle, 53(3), 2006, pp. 253-270.
[25]	Cs. Székely, “A “tanuló régió” koncepció szerepe a gazdaság és a felsőoktatás kapcsolatrendszerében.” in A. Tóth (ed), “Gazdaság, felsőoktatás, munkapiac.” Arisztotelész, Sopron, 2006.
[26]	H. D. Te, “The Vietnamese philosophy of life.“ www.geocities.com/soho/den/5908/religion/philosophy.html. 2006.
[27]	F. Trompenaars, Ch. Hampden-Turner, “Riding the Waves of Culture: Understanding Diversity in Global Business” 2nd Edition, McGraw- Hill, 1997
[28]	L. M. Uhlaner, “Business family as team: Underlying force for sustained competitive advantage.” in P. Poutziouris, K. X. Smymios, S. Klein (Eds), “Handbook of research on family business”, Edward Elgar, Cheltenham, 2006, pp. 125-144.
[29]	A. M. Williams, V. Baláž, “Winning, then Losing, the Battle with Globalization: Vietnamese Petty Traders in Slovakia,” in International Journal of Urban and Regional Research, vol. 29.3 pp. 533-49, September 2005.
[30]	J. Yan, R. L. Sorenson, “The influence of Confucian ideology on conflict in Chinese family business.” in International Journal of Cross Cultural Management, vol. 4, (1), 2004, pp. 5-17.
[31]	Š Zapletalová, “The Influence of Globalization Process on the Business Management of Entrepreneurial Subjects in Central and Eastern Europe,” 2011, http://vta.ttvam.lt/index.php/vta/article/viewFile/115/211, 07.12.2014.

Cite This Article

Plain Text BibTeX RIS

APA Style

Ildikó Marosi, Thinh Duong Van. (2014). Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary. Science Journal of Business and Management, 3(1-1), 32-38. https://doi.org/10.11648/j.sjbm.s.2015030101.16

Copy | Download

ACS Style

Ildikó Marosi; Thinh Duong Van. Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary. Sci. J. Bus. Manag. 2014, 3(1-1), 32-38. doi: 10.11648/j.sjbm.s.2015030101.16

Copy | Download

AMA Style

Ildikó Marosi, Thinh Duong Van. Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary. Sci J Bus Manag. 2014;3(1-1):32-38. doi: 10.11648/j.sjbm.s.2015030101.16

Copy | Download

@article{10.11648/j.sjbm.s.2015030101.16,
  author = {Ildikó Marosi and Thinh Duong Van},
  title = {Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary},
  journal = {Science Journal of Business and Management},
  volume = {3},
  number = {1-1},
  pages = {32-38},
  doi = {10.11648/j.sjbm.s.2015030101.16},
  url = {https://doi.org/10.11648/j.sjbm.s.2015030101.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.s.2015030101.16},
  abstract = {The focus of our analyse is on the Vietnamese family businesses which are operating in Hungary. What type of assets did they have during the 2008 economic crisis? Which are the special characteristics, values, knowledge and experiences that helped them to develop in a foreign environment? These families and family businesses had to learn language, roles, rules, traditions, legislations etc. Ten family businesses were involved in our primary qualitative research and principal characteristics were identified which determine their knowledge management. They have two powns to survive: one is the ability for extremely quick learning new knowledge and flexible adaptation to the environment. The second one is the original (Vietnamese) value system of their families which provide a supporting background for these processes.},
 year = {2014}
}

Copy | Download

TY  - JOUR
T1  - Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary
AU  - Ildikó Marosi
AU  - Thinh Duong Van
Y1  - 2014/12/27
PY  - 2014
N1  - https://doi.org/10.11648/j.sjbm.s.2015030101.16
DO  - 10.11648/j.sjbm.s.2015030101.16
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
SP  - 32
EP  - 38
PB  - Science Publishing Group
SN  - 2331-0634
UR  - https://doi.org/10.11648/j.sjbm.s.2015030101.16
AB  - The focus of our analyse is on the Vietnamese family businesses which are operating in Hungary. What type of assets did they have during the 2008 economic crisis? Which are the special characteristics, values, knowledge and experiences that helped them to develop in a foreign environment? These families and family businesses had to learn language, roles, rules, traditions, legislations etc. Ten family businesses were involved in our primary qualitative research and principal characteristics were identified which determine their knowledge management. They have two powns to survive: one is the ability for extremely quick learning new knowledge and flexible adaptation to the environment. The second one is the original (Vietnamese) value system of their families which provide a supporting background for these processes.
VL  - 3
IS  - 1-1
ER  -

Copy | Download

Author Information

Ildikó Marosi

óbuda University, Keleti Faculty of Business and Management, Budapest, Hungary
Thinh Duong Van

óbuda University, Keleti Faculty of Business and Management, Budapest, Hungary

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Ildikó Marosi, Thinh Duong Van. (2014). Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary. Science Journal of Business and Management, 3(1-1), 32-38. https://doi.org/10.11648/j.sjbm.s.2015030101.16

Copy | Download

ACS Style

Ildikó Marosi; Thinh Duong Van. Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary. Sci. J. Bus. Manag. 2014, 3(1-1), 32-38. doi: 10.11648/j.sjbm.s.2015030101.16

Copy | Download

AMA Style

Ildikó Marosi, Thinh Duong Van. Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary. Sci J Bus Manag. 2014;3(1-1):32-38. doi: 10.11648/j.sjbm.s.2015030101.16

Copy | Download

@article{10.11648/j.sjbm.s.2015030101.16,
  author = {Ildikó Marosi and Thinh Duong Van},
  title = {Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary},
  journal = {Science Journal of Business and Management},
  volume = {3},
  number = {1-1},
  pages = {32-38},
  doi = {10.11648/j.sjbm.s.2015030101.16},
  url = {https://doi.org/10.11648/j.sjbm.s.2015030101.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.s.2015030101.16},
  abstract = {The focus of our analyse is on the Vietnamese family businesses which are operating in Hungary. What type of assets did they have during the 2008 economic crisis? Which are the special characteristics, values, knowledge and experiences that helped them to develop in a foreign environment? These families and family businesses had to learn language, roles, rules, traditions, legislations etc. Ten family businesses were involved in our primary qualitative research and principal characteristics were identified which determine their knowledge management. They have two powns to survive: one is the ability for extremely quick learning new knowledge and flexible adaptation to the environment. The second one is the original (Vietnamese) value system of their families which provide a supporting background for these processes.},
 year = {2014}
}

Copy | Download

TY  - JOUR
T1  - Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary
AU  - Ildikó Marosi
AU  - Thinh Duong Van
Y1  - 2014/12/27
PY  - 2014
N1  - https://doi.org/10.11648/j.sjbm.s.2015030101.16
DO  - 10.11648/j.sjbm.s.2015030101.16
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
SP  - 32
EP  - 38
PB  - Science Publishing Group
SN  - 2331-0634
UR  - https://doi.org/10.11648/j.sjbm.s.2015030101.16
AB  - The focus of our analyse is on the Vietnamese family businesses which are operating in Hungary. What type of assets did they have during the 2008 economic crisis? Which are the special characteristics, values, knowledge and experiences that helped them to develop in a foreign environment? These families and family businesses had to learn language, roles, rules, traditions, legislations etc. Ten family businesses were involved in our primary qualitative research and principal characteristics were identified which determine their knowledge management. They have two powns to survive: one is the ability for extremely quick learning new knowledge and flexible adaptation to the environment. The second one is the original (Vietnamese) value system of their families which provide a supporting background for these processes.
VL  - 3
IS  - 1-1
ER  -

Copy | Download