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Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary
Science Journal of Business and Management
Volume 3, Issue 1-1, February 2015, Pages: 32-38
Received: Nov. 30, 2014; Accepted: Dec. 9, 2014; Published: Dec. 27, 2014
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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
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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.
Family Businesses, Hungary, Knowledge and Competences, Values, Vietnamese National Culture
To cite this article
Ildikó Marosi, Thinh Duong Van, Far-East Secret: Knowledge Elements of Vietnamese Family Businesses Operating in Hungary, Science Journal of Business and Management. Special Issue: The Role of Knowledge and Management’s Tasks in the Companies. Vol. 3, No. 1-1, 2015, pp. 32-38. doi: 10.11648/j.sjbm.s.2015030101.16
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