Being an investment target in CEE. Country attractiveness and near-shoring

Lőrincz, Noémi

doi:10.14267/veztud.2018.05.05

Cited by 5 publications

(4 citation statements)

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“…As global value chains are reconfigured, it seems likely that studies will appear with country-specific analyses of nearshoring attractiveness and perhaps the antecedents of this. One recent example analyzed the feasibility of nearshoring European manufacturing located in China to Russia (Panova & Hilletofht, 2017), while another study concerns nearshoring attractiveness of countries in the Central Eastern European (CEE) region (Lorincz, 2018). By placing Finland as the destination target of nearshoring, this present article, therefore, provides the first such peer-reviewed contribution within this emerging literature strand with a focus on Finland.…”

Section: Nearshoring Of Production: Notes From the Literaturementioning

confidence: 97%

Reimagining Finland as a Manufacturing Base: The Nearshoring Potential of Finland in an Industry 4.0 Perspective

Kaivo-oja

Knudsen

Lauraéus

2018

Business, Management and Education

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After decades of globalization and outsourcing the idea of “bringing manufacturing back home” and the twin concepts of backshoring and nearshoring have received much attention in recent years. Recent positive stories from the Finnish manufacturing industry suggests Finland as an attractive target for nearshoring, yet little to none has hitherto been made of this connection. This article (i.) examines recent relocation literature with a focus on nearshoring and manufacturing in high-cost environments, (ii.) explores the location advantage of Finland, (iii.) analyses cases of recent manufacturing developments in Finland within this context as single incidents or signals of change, and (iv.) discusses this development within the perspective of Industry 4.0.

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Section: Nearshoring Of Production: Notes From the Literaturementioning

confidence: 97%

Reimagining Finland as a Manufacturing Base: The Nearshoring Potential of Finland in an Industry 4.0 Perspective

Kaivo-oja

Knudsen

Lauraéus

2018

Business, Management and Education

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“…The intrinsic nature of Foreign Direct Investment (FDIs) is to get control of a company's assets and operations in other countries (Poór et al, 2017). The Central and Eastern European countries were ranked as the third most attractive foreign investment location after Western Europe and China (Lőrincz, 2018).…”

Section: Foreign Direct Investments and Employmentmentioning

confidence: 99%

“…According to Poór et al (2017) and Lőrincz (2018), FDI is essential for economic growth, development, and employment, particularly in the CEE countries. Previous studies have shown that FDI inflows positively influence employment and wages (Golejewska, 2002;Jenkins, 2006).…”

Section: Foreign Direct Investments and Employmentmentioning

confidence: 99%

HRM Practices on Foreign-Owned Companies in Hungary

Balawi

Wachira

2021

mmr

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This paper sought to answer the question of how best human resource practices can support organisations in the current phase of internationalisation while still maintaining the local standards of the hosting country? In attempting to answer this question, the paper studied the HRM practices of Foreign-Owned Companies and Hungary's Socioeconomic environment. The study revealed that the Hungarian cultural society was more independent, and power hierarchy was not entrenched in the organisational cultures, highly individualistic, masculine, intolerant towards taking risks, realistic, and culturally restrained. The paper concluded that the increased FDIs and multinational companies in Hungary posed a great challenge to employees' effective and efficient management while still maintaining the host country's local standards.

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“…S Z Á M / I S S N 0133 -0179 D O I : 10.14 26 7/ V E Z T U D. 2019.11.0 3 I n today's turbulent environment, the necessity to sustain and to further enhance the competitive ability of a company is unquestionable (Trkman & McCormack, 2004). Therefore, there is a continuous competition among companies to gather benefits from this race in order to increase competitiveness as much as possible; in Hungary -the same as elsewhere -the companies should choose how to do this: on their own possibilities/assets, in alliances with other companies (as corporations, joint ventures or subsidiaries), or even by becoming a destination of the foreign direct investments in Central and Eastern European region (Lőrincz, 2018).…”

Section: Vezetéstudomány / Budapest Management Reviewmentioning

confidence: 99%

Features of supplier management and its mechanisms – insights in Hungarian practice: how to enhance the effectiveness of procurement procedures?

Wittinger¹

2019

Veztud

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Considering the risk how serious consequences could occur in case of supply problems, the increasing importance of suppliers in supply chains is indisputable; therefore, management of relationships and selection and evaluation of suppliers are seen as crucial strategic issues (Araz & Ozkarahan, 2007). The practice/activity-and theory-how to handle the suppliers is the so-called Supplier Management (SM). The article presents the findings of research investigating the actual practice of SM in the inquired procurement organizations. The theoretical contribution of the paper is to compare the practice of these particular organizations with the literature in order to state the coincidences with it or the discrepancies between them, in other words, to reveal the status of purchasing work. The managerial implication-on this basis-is to be a compass for practitioners where to find the deficiencies (if any) and how to strengthen the effectiveness of procurement by a better understanding of the problems; also, the paper formulates suggestions for a more efficient SM practice. The author argue that the procurement processes in terms of SM have deficiencies which can be originated from its component parts: i) supplier evaluation; ii) cooperation; and iii) IT platforms. She applied survey research while the answers of the survey were analyzed applying comparison to the literature and using Cross-table analysis to reveal the connection among the stated SM factors.

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Being an investment target in CEE. Country attractiveness and near-shoring

Cited by 5 publications

References 1 publication

Reimagining Finland as a Manufacturing Base: The Nearshoring Potential of Finland in an Industry 4.0 Perspective

Reimagining Finland as a Manufacturing Base: The Nearshoring Potential of Finland in an Industry 4.0 Perspective

HRM Practices on Foreign-Owned Companies in Hungary

Features of supplier management and its mechanisms – insights in Hungarian practice: how to enhance the effectiveness of procurement procedures?

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