Hungary should focus on becoming a world leader in a few key industries like pharmaceuticals, automotive, ICT and logistics. It should promote hyperspecialization by dividing work into smaller tasks completed by specialists. New labor laws and online platforms could connect these cooperators with companies. Education would train people in specialized competencies instead of general knowledge. Marketing would promote the cooperators lifestyle. This strategy could increase Hungary's GDP growth to 5% annually and make it more globally competitive in key industries.
[Challenge:Future] HOW Consulting Group: The Future of WorkChallenge:Future
Hungary should focus resources on a few key industries and promote hyperspecialization. Interviews found that Hungary spreads resources thinly and current organizational forms waste time and money. Hungary could amend labor laws to allow dividing work into smaller tasks done by specialized cooperators through intermediaries. New education would train cooperators and marketing would promote the role. This could boost key industries and increase Hungary's annual GDP growth to 5% within 8 years.
[Challenge:Future] HOW Consulting Group: The Future of WorkChallenge:Future
Hungary has strengths in certain knowledge-based industries that could help it compete globally. These include pharmaceuticals, information and communications technology, logistics, and vehicle manufacturing. Hungary has a highly educated workforce, particularly in fields like science, technology, engineering and math. It also has a strong innovation capacity. However, Hungary still lags behind Western Europe in overall competitiveness. To escape this bind, the document recommends Hungary focus resources on key industries to become world-class in them and drive hyperspecialization to support these industries.
[Challenge:Future] Textile Industry- The future of Eastern EuropeChallenge:Future
The textile industry in Eastern Europe provides a perfect platform for future companies due to its close proximity to Western Europe, supportive trade policies, and lower production costs compared to Asia. There are opportunities for designer labels, garment manufacturers, and brand subsidiaries. The industry is moving toward localized designs, fast fashion, and green technologies. A textile company of 2022 in Eastern Europe would focus on R&D, technology, and favorable trade policies to interact with markets in Europe and Asia while providing unique value through innovation and compliance with labor laws and sustainability standards.
The private vocational training market in India is worth an estimated USD XX billion in 2008 and is expected to grow at a% annually to reach USD YY billion by 2012. The market is highly fragmented with English language training as the largest segment. Key drivers of growth include the demand for skilled labor in industries like services and IT/ITeS as well as the inefficient public education system. Major trends include partnerships between corporates and training institutes and rising demand for online/correspondence courses. While the market potential is large, the industry faces challenges like poor social perceptions and lack of financing support.
The document discusses various methods for valuing companies for mergers and acquisitions, including comparable company analysis, discounted cash flow analysis using a spreadsheet approach, and formula approaches. It provides examples of each method, comparing the top companies by market capitalization from 2007-2011 and valuing a hypothetical acquisition of PT. Exelcom Axiata by PT. Telkom Indonesia using net present value. Key aspects of company valuation discussed include revenue, earnings before interest and tax, cash flows, growth rates, tax rates, and weighted average cost of capital.
Global Pharmaceuticals & Biotechnology IndustryGavin Pathross
This research service presents the CEO 360 Degree Perspective for the global pharmaceuticals and biotechnology industry in 2009. It is an amalgamation of research from more than 50 Pharmaceutical research services generated by Frost & Sullivan, customer research findings based on approximately 1,000 end-user interviews approximately 50,000 hours of analyst research, in the last 2 years. Global healthcare analysts from Frost & Sullivan have contributed their market knowledge to cover the most important issues that are relevant in the healthcare industry today. The report also includes research findings from econometric, advanced technology and several other business divisions of Frost & Sullivan.
The document provides profiles for two MBA candidates - Maha Aad from Lebanon and Hashim Al Nouri from Syria. It lists their nationalities, languages spoken, educational backgrounds, professional experiences, and current roles. The profiles indicate both candidates have international experience in business, marketing, and sales across different industries.
The PEO Industry in Transition, by Benjamin Gordon, BGSA CEOBenjamin Gordon
The PEO industry is consolidating as larger firms acquire smaller competitors. This document outlines the history and current state of the PEO industry in 4 phases:
1) Rapid growth in the 1990s as the industry enjoyed over 20% growth and several firms went public.
2) Sudden decline from 2000-2003 as the dot-com bust, 9/11, and an insurance crisis led to half of PEOs going out of business.
3) Maturation from 2004-present as recovery led to more stable growth, with industry leaders seeing share price increases of 500-1200%.
4) Consolidation is the current phase, as larger private equity backed firms acquire competitors to gain scale
[Challenge:Future] HOW Consulting Group: The Future of WorkChallenge:Future
Hungary should focus resources on a few key industries and promote hyperspecialization. Interviews found that Hungary spreads resources thinly and current organizational forms waste time and money. Hungary could amend labor laws to allow dividing work into smaller tasks done by specialized cooperators through intermediaries. New education would train cooperators and marketing would promote the role. This could boost key industries and increase Hungary's annual GDP growth to 5% within 8 years.
[Challenge:Future] HOW Consulting Group: The Future of WorkChallenge:Future
Hungary has strengths in certain knowledge-based industries that could help it compete globally. These include pharmaceuticals, information and communications technology, logistics, and vehicle manufacturing. Hungary has a highly educated workforce, particularly in fields like science, technology, engineering and math. It also has a strong innovation capacity. However, Hungary still lags behind Western Europe in overall competitiveness. To escape this bind, the document recommends Hungary focus resources on key industries to become world-class in them and drive hyperspecialization to support these industries.
[Challenge:Future] Textile Industry- The future of Eastern EuropeChallenge:Future
The textile industry in Eastern Europe provides a perfect platform for future companies due to its close proximity to Western Europe, supportive trade policies, and lower production costs compared to Asia. There are opportunities for designer labels, garment manufacturers, and brand subsidiaries. The industry is moving toward localized designs, fast fashion, and green technologies. A textile company of 2022 in Eastern Europe would focus on R&D, technology, and favorable trade policies to interact with markets in Europe and Asia while providing unique value through innovation and compliance with labor laws and sustainability standards.
The private vocational training market in India is worth an estimated USD XX billion in 2008 and is expected to grow at a% annually to reach USD YY billion by 2012. The market is highly fragmented with English language training as the largest segment. Key drivers of growth include the demand for skilled labor in industries like services and IT/ITeS as well as the inefficient public education system. Major trends include partnerships between corporates and training institutes and rising demand for online/correspondence courses. While the market potential is large, the industry faces challenges like poor social perceptions and lack of financing support.
The document discusses various methods for valuing companies for mergers and acquisitions, including comparable company analysis, discounted cash flow analysis using a spreadsheet approach, and formula approaches. It provides examples of each method, comparing the top companies by market capitalization from 2007-2011 and valuing a hypothetical acquisition of PT. Exelcom Axiata by PT. Telkom Indonesia using net present value. Key aspects of company valuation discussed include revenue, earnings before interest and tax, cash flows, growth rates, tax rates, and weighted average cost of capital.
Global Pharmaceuticals & Biotechnology IndustryGavin Pathross
This research service presents the CEO 360 Degree Perspective for the global pharmaceuticals and biotechnology industry in 2009. It is an amalgamation of research from more than 50 Pharmaceutical research services generated by Frost & Sullivan, customer research findings based on approximately 1,000 end-user interviews approximately 50,000 hours of analyst research, in the last 2 years. Global healthcare analysts from Frost & Sullivan have contributed their market knowledge to cover the most important issues that are relevant in the healthcare industry today. The report also includes research findings from econometric, advanced technology and several other business divisions of Frost & Sullivan.
The document provides profiles for two MBA candidates - Maha Aad from Lebanon and Hashim Al Nouri from Syria. It lists their nationalities, languages spoken, educational backgrounds, professional experiences, and current roles. The profiles indicate both candidates have international experience in business, marketing, and sales across different industries.
The PEO Industry in Transition, by Benjamin Gordon, BGSA CEOBenjamin Gordon
The PEO industry is consolidating as larger firms acquire smaller competitors. This document outlines the history and current state of the PEO industry in 4 phases:
1) Rapid growth in the 1990s as the industry enjoyed over 20% growth and several firms went public.
2) Sudden decline from 2000-2003 as the dot-com bust, 9/11, and an insurance crisis led to half of PEOs going out of business.
3) Maturation from 2004-present as recovery led to more stable growth, with industry leaders seeing share price increases of 500-1200%.
4) Consolidation is the current phase, as larger private equity backed firms acquire competitors to gain scale
Royal Garden Residence adalah perumahan baru di Nusa Dua, Bali yang terdiri dari 299 unit rumah yang akan dibangun dalam dua tahap antara November 2012 hingga April 2013 dengan berbagai fasilitas. Perumahan ini menawarkan berbagai pilihan tipe rumah mulai dari satu lantai hingga dua lantai.
Dokumen tersebut memberikan informasi tentang pembuatan presentasi di Microsoft PowerPoint 2007, meliputi cara membuat dokumen baru, mengatur tampilan slide, menggunakan theme slide, dan bekerja dengan teks."
Este documento describe los conceptos clave de la evaluación por competencias. Explica que la evaluación debe considerar no solo los conocimientos de un estudiante, sino también cómo aplica ese conocimiento en diferentes contextos. Además, detalla los procesos de autoevaluación, coevaluación y heteroevaluación, e indica que las competencias se inferirán a través de desempeños observables.
La navidad es una época feliz para celebrar con la familia y amigos. Es una temporada para dar y recibir regalos, compartir una comida especial y expresar afecto. La navidad trae alegría a muchas personas en todo el mundo.
Daniel plans to shoot a sports video from the stands using mostly wide and very wide shots, with some close-ups using zoom to create tension. There will be little dialogue to focus on the atmosphere, instead using bold text words to convey the message. Bagpipes and instrumental music will be included, with special sound effects like booms. Only a few visual effects like tints and shades will be added to enhance the raw footage without making it look overproduced. Transitions between scenes will include exciting words and flow smoothly.
Lord buddha on teaching and learning article by jayadeva de silvaJayadeva de Silva
This document summarizes a dialogue between Lord Buddha and Kāpaṭ ika Bharadvaja about discovering the truth. Lord Buddha explains that one cannot claim that only one doctrine is true based on faith or oral tradition alone. He outlines the proper method of discovering truth, which involves investigating a teacher to ensure they are free from greed, aversion, and delusion, then progressing through steps of faith, listening, memorization, examination, acceptance, zeal, scrutiny, striving, and finally arriving at truth through repetition and cultivation of these steps. The most important steps are paying respect to the teacher, listening, memorization, and continually striving through scrutiny.
Best Consumer Basket in Hard Discount format in February 2015. Contains the best unit prices for 11 FMCG and Fresh products.
Based on HiperCom Leaflet Monitoring database.
El documento describe el segundo ensayo de una obra teatral. Se trata de la guía número 3 para el nivel 2 de la obra, escrita por Sofia Lopera Arango y facilitada en Medellín en 2015.
Digital revolution 3.0 - THe Rise of FabLabIzumi Aizu
This is the presentation material prepared for the UNESCO Future Forum in Paris, Feb 27, 2013. UNESCO Future Forum, Paris
"Exploring the Dynamics of Knowledge Societies: Using the Future to Shape Transformative Policies"
I will be on the Panel.
http://www.unesco.org/new/en/bureau-of-strategic-planning/themes/anticipation-and-foresight/unesco-future-forums/exploring-the-dynamics-of-knowledge-societies/
As we don't have much time, only the summary of this slide will be presented.
El documento describe la tecnología RFID y cómo funciona. La RFID permite la identificación automática de objetos etiquetados a través de ondas de radio sin necesidad de contacto visual. Un sistema RFID típico consta de etiquetas, lectores, antenas y un sistema de gestión de información. Las etiquetas almacenan y transmiten información de identificación cuando entran en el rango del lector. La tecnología RFID se usa cada vez más en logística y cadena de suministro debido a su capacidad para identificar objetos de forma
This document discusses managing service management skills using the e-Competence Framework (e-CF). It describes how the e-CF can be used as a tool to describe competencies and assess training and certification programs. The e-CF identifies 36 competencies structured by area, level and examples of knowledge and skills that can be applied to roles in IT service management. Competence management is key to developing a professional culture with competent people who know what to do, are cooperative and flexible, and provide innovative solutions for customers.
Este documento presenta análisis técnicos diarios de varios índices y bonos europeos, incluyendo recomendaciones de posiciones largas y cortas, así como niveles de soporte y resistencia clave. El autor proporciona esta información solo con fines informativos y no como una recomendación de inversión.
[Challenge:Future] HOW Consulting Group: The Future of WorkChallenge:Future
Hungary should focus resources on a few key industries and promote hyperspecialization. Interviews found that Hungary spreads resources thinly and current organizational forms waste time and money. Hungary could amend labor laws to allow dividing work into smaller tasks done by specialized cooperators through intermediaries. New education would train specialists and marketing would promote key industries and cooperators. This strategy could boost Hungary's GDP by 5% annually, increasing key industry revenues and global market shares.
Eastern European companies can improve competitiveness by focusing on local industries like healthcare, craftsmanship, and services that cannot be easily outsourced globally, rather than trying to compete in industries dominated by more advanced Western competitors. Leveraging a skilled but lower-cost workforce and proximity to both the EU market and Asian resources, Eastern European companies should develop local brands to sell on Western markets in industries less vulnerable to global competition. Concentrating on smaller, more dynamic local businesses in non-outsourcable sectors could provide stable growth and employment.
Eastern European economies have traditionally relied on foreign ownership and exports to Western Europe to drive growth. While GDP growth has averaged 3% annually, it has slowed recently. Top companies saw reduced profits in 2012. Key industries fueling growth include manufacturing, energy, and transportation. However, aging populations and brain drain pose challenges. Collaboration between businesses and researchers could boost innovation but is currently limited. Future success will depend on improving competitiveness through education, costs, and developing new markets.
The document discusses the current macroeconomic situation and development potential of Eastern European countries. It notes that while most economies are service-oriented, industry and agriculture still represent 40% of activity. Unemployment is high but declining. Opportunities include the potential for new trading areas, while threats include competition from emerging economies and stronger Western countries. The strategy proposed involves creating clusters or "poles of growth" focused on innovation, international influence, and reinforcing key industries. These clusters would promote cooperation, knowledge sharing, and social responsibility across the region.
Eastern European economies have traditionally relied on foreign ownership and exports to Western Europe to drive growth. While GDP growth has averaged 3% annually, it has slowed recently. Top companies saw reduced profits in 2012. Key industries fueling growth include manufacturing, energy, and transportation. However, aging populations and brain drain pose challenges. Collaboration between businesses and researchers could boost innovation but is currently limited. Future success will depend on improving competitiveness through education, costs, and developing new markets.
[Challenge:Future] A Paradigm Shift in Eastern Europe: Moving Towards a Knowl...Challenge:Future
Eastern European countries are shifting from efficiency-driven to innovation-driven knowledge economies. Interviews suggest greater investment is needed in education and R&D to promote innovation. The future prospects of Eastern Europe include growth in high-tech industries like renewable energy, IT, and healthcare. A proposed electric vehicle company in Poland would help reduce oil dependence while creating new industries and employment through strategic partnerships and government incentives.
Royal Garden Residence adalah perumahan baru di Nusa Dua, Bali yang terdiri dari 299 unit rumah yang akan dibangun dalam dua tahap antara November 2012 hingga April 2013 dengan berbagai fasilitas. Perumahan ini menawarkan berbagai pilihan tipe rumah mulai dari satu lantai hingga dua lantai.
Dokumen tersebut memberikan informasi tentang pembuatan presentasi di Microsoft PowerPoint 2007, meliputi cara membuat dokumen baru, mengatur tampilan slide, menggunakan theme slide, dan bekerja dengan teks."
Este documento describe los conceptos clave de la evaluación por competencias. Explica que la evaluación debe considerar no solo los conocimientos de un estudiante, sino también cómo aplica ese conocimiento en diferentes contextos. Además, detalla los procesos de autoevaluación, coevaluación y heteroevaluación, e indica que las competencias se inferirán a través de desempeños observables.
La navidad es una época feliz para celebrar con la familia y amigos. Es una temporada para dar y recibir regalos, compartir una comida especial y expresar afecto. La navidad trae alegría a muchas personas en todo el mundo.
Daniel plans to shoot a sports video from the stands using mostly wide and very wide shots, with some close-ups using zoom to create tension. There will be little dialogue to focus on the atmosphere, instead using bold text words to convey the message. Bagpipes and instrumental music will be included, with special sound effects like booms. Only a few visual effects like tints and shades will be added to enhance the raw footage without making it look overproduced. Transitions between scenes will include exciting words and flow smoothly.
Lord buddha on teaching and learning article by jayadeva de silvaJayadeva de Silva
This document summarizes a dialogue between Lord Buddha and Kāpaṭ ika Bharadvaja about discovering the truth. Lord Buddha explains that one cannot claim that only one doctrine is true based on faith or oral tradition alone. He outlines the proper method of discovering truth, which involves investigating a teacher to ensure they are free from greed, aversion, and delusion, then progressing through steps of faith, listening, memorization, examination, acceptance, zeal, scrutiny, striving, and finally arriving at truth through repetition and cultivation of these steps. The most important steps are paying respect to the teacher, listening, memorization, and continually striving through scrutiny.
Best Consumer Basket in Hard Discount format in February 2015. Contains the best unit prices for 11 FMCG and Fresh products.
Based on HiperCom Leaflet Monitoring database.
El documento describe el segundo ensayo de una obra teatral. Se trata de la guía número 3 para el nivel 2 de la obra, escrita por Sofia Lopera Arango y facilitada en Medellín en 2015.
Digital revolution 3.0 - THe Rise of FabLabIzumi Aizu
This is the presentation material prepared for the UNESCO Future Forum in Paris, Feb 27, 2013. UNESCO Future Forum, Paris
"Exploring the Dynamics of Knowledge Societies: Using the Future to Shape Transformative Policies"
I will be on the Panel.
http://www.unesco.org/new/en/bureau-of-strategic-planning/themes/anticipation-and-foresight/unesco-future-forums/exploring-the-dynamics-of-knowledge-societies/
As we don't have much time, only the summary of this slide will be presented.
El documento describe la tecnología RFID y cómo funciona. La RFID permite la identificación automática de objetos etiquetados a través de ondas de radio sin necesidad de contacto visual. Un sistema RFID típico consta de etiquetas, lectores, antenas y un sistema de gestión de información. Las etiquetas almacenan y transmiten información de identificación cuando entran en el rango del lector. La tecnología RFID se usa cada vez más en logística y cadena de suministro debido a su capacidad para identificar objetos de forma
This document discusses managing service management skills using the e-Competence Framework (e-CF). It describes how the e-CF can be used as a tool to describe competencies and assess training and certification programs. The e-CF identifies 36 competencies structured by area, level and examples of knowledge and skills that can be applied to roles in IT service management. Competence management is key to developing a professional culture with competent people who know what to do, are cooperative and flexible, and provide innovative solutions for customers.
Este documento presenta análisis técnicos diarios de varios índices y bonos europeos, incluyendo recomendaciones de posiciones largas y cortas, así como niveles de soporte y resistencia clave. El autor proporciona esta información solo con fines informativos y no como una recomendación de inversión.
[Challenge:Future] HOW Consulting Group: The Future of WorkChallenge:Future
Hungary should focus resources on a few key industries and promote hyperspecialization. Interviews found that Hungary spreads resources thinly and current organizational forms waste time and money. Hungary could amend labor laws to allow dividing work into smaller tasks done by specialized cooperators through intermediaries. New education would train specialists and marketing would promote key industries and cooperators. This strategy could boost Hungary's GDP by 5% annually, increasing key industry revenues and global market shares.
Eastern European companies can improve competitiveness by focusing on local industries like healthcare, craftsmanship, and services that cannot be easily outsourced globally, rather than trying to compete in industries dominated by more advanced Western competitors. Leveraging a skilled but lower-cost workforce and proximity to both the EU market and Asian resources, Eastern European companies should develop local brands to sell on Western markets in industries less vulnerable to global competition. Concentrating on smaller, more dynamic local businesses in non-outsourcable sectors could provide stable growth and employment.
Eastern European economies have traditionally relied on foreign ownership and exports to Western Europe to drive growth. While GDP growth has averaged 3% annually, it has slowed recently. Top companies saw reduced profits in 2012. Key industries fueling growth include manufacturing, energy, and transportation. However, aging populations and brain drain pose challenges. Collaboration between businesses and researchers could boost innovation but is currently limited. Future success will depend on improving competitiveness through education, costs, and developing new markets.
The document discusses the current macroeconomic situation and development potential of Eastern European countries. It notes that while most economies are service-oriented, industry and agriculture still represent 40% of activity. Unemployment is high but declining. Opportunities include the potential for new trading areas, while threats include competition from emerging economies and stronger Western countries. The strategy proposed involves creating clusters or "poles of growth" focused on innovation, international influence, and reinforcing key industries. These clusters would promote cooperation, knowledge sharing, and social responsibility across the region.
Eastern European economies have traditionally relied on foreign ownership and exports to Western Europe to drive growth. While GDP growth has averaged 3% annually, it has slowed recently. Top companies saw reduced profits in 2012. Key industries fueling growth include manufacturing, energy, and transportation. However, aging populations and brain drain pose challenges. Collaboration between businesses and researchers could boost innovation but is currently limited. Future success will depend on improving competitiveness through education, costs, and developing new markets.
[Challenge:Future] A Paradigm Shift in Eastern Europe: Moving Towards a Knowl...Challenge:Future
Eastern European countries are shifting from efficiency-driven to innovation-driven knowledge economies. Interviews suggest greater investment is needed in education and R&D to promote innovation. The future prospects of Eastern Europe include growth in high-tech industries like renewable energy, IT, and healthcare. A proposed electric vehicle company in Poland would help reduce oil dependence while creating new industries and employment through strategic partnerships and government incentives.
This document provides a preliminary analysis of smart grid financing mechanisms in various regions by the World Energy Council Knowledge Network. It finds that the main drivers for smart grids include integrating renewable energy, infrastructure upgrades, and energy efficiency. The main challenges are a lack of appropriate funding, unclear regulations, and technical losses. Currently available financing mechanisms vary by region but include public funding programs, private funding, venture capital, and regulatory incentives. The analysis aims to inform future policy recommendations on innovative smart grid financing.
[Challenge:Future] Being Small in a Global World - Revising the VisionChallenge:Future
Hungary can become more competitive through hyperspecialization in key industries like pharma and ICT. This involves dividing labor into highly specialized roles. While Hungary has some values to support this, like skilled labor, it is missing others like willingness to collaborate. Best practices can help address issues like cultural cringe and brain drain. The revised vision proposes Hungarian firms delegate tasks to specialized cooperators through intermediaries. This is feasible and beneficial to stakeholders if issues are addressed.
[Challenge:Future] CroTNT: The Future of Work- Malcolm in the middleChallenge:Future
Eastern Europe has strengths like intellectual capital and strategic location but also weaknesses like underdeveloped infrastructure and corruption. The IT industry and renewable energy sector show promise for future growth. Western perception of Eastern Europe is mixed, seeing cheap labor but less skilled workforce. To improve, Eastern Europe countries should shift focus from consumer goods to intermediate products and rebrand their image. The future of Croatian IT lies in educated workforce, industry growth, and supportive laws. Key sectors for companies are R&D, IT, and controlling to maximize productivity and profits.
[Challenge:Future] CroTNT: The Future of Work- Malcolm in the middleChallenge:Future
This document summarizes information about the IT industry in Croatia. It notes that Croatia ranks 40th in the IT competitiveness index and has a highly educated workforce in IT. The estimated annual growth of the IT industry in Croatia is around 8.5% in future years. Over 56% of IT companies in Croatia plan to continue hiring experts in the field. Key sectors for the company include IT and product research and development. Controlling will help ensure objectives and accomplishments are consistent throughout the organization.
[Challenge:Future] CroTNT: The Future of Work- Malcolm in the middleChallenge:Future
This document summarizes information about the IT industry in Croatia. It notes that Croatia ranks 40th in the IT competitiveness index and has highly educated human resources in the IT sector. The estimated future growth of Croatia's IT industry will be around 8.5% per year, and 56% of IT companies will continue hiring experts. Key sectors for the Croatian IT industry include IT, product research and development, and controlling.
This document discusses cluster development and the Pole Program in Hungary. It finds that before 2008, Hungary had some clusters but they lacked consistent national policy support and financing. The Pole Program was created to address issues like low R&D spending, lack of cooperation between businesses and universities, and inadequate access to financing. The Program coordinates funding across operational programs totaling €1,441-1,662 million between 2007-2013 to strengthen the business environment, support enterprise and cluster development, and drive innovation in Hungary.
[Challenge:Future] Boosting Ukraine competitiveness through IT-outsourcing Challenge:Future
- The document discusses boosting Ukraine's competitiveness through growing its IT outsourcing industry.
- It outlines Ukraine's advantages in the IT outsourcing field like lower costs but high technical skills due to its educational system. However, lack of government support has hindered growth.
- Interviews with experts provide recommendations like improving infrastructure, reforming education to focus more on practical skills, establishing special economic zones to attract investment, and growing the lobbying power of the IT industry.
- A vision for 2022 outlines how IT outsourcing could become a core 6% industry, employing 200,000 people and focusing on R&D outsourcing and value over just cost. This would substantially increase Ukraine's GDP
[Challenge:Future] Regional Strategies and the Emerging South-East European C...Challenge:Future
The document discusses competitiveness in South-Eastern Europe. It finds that GDP per capita in the region is less than 50% of the EU average, and competitiveness scores based on factors like infrastructure, education, and institutions lag behind OECD standards. The global financial crisis significantly impacted the region's economies. Large companies in the region struggle with issues like achieving economies of scale across borders. The future of companies in the region is discussed in the context of globalization, regionalization, and semi-globalization strategies.
This is the presentation I gave for the event that took place on Tuesday 17 January at the War Museum, and was moderated by Ioannis Stournaras , Professor at the University of Athens and General Director of IOBE.
It was organised by ELIAMEP, IOBE, Kantor and Citizens’ Movement and was entitled:
“Investments, Development, Unemployment”
Speakers were:
Andreas Andreadis, President of the Association of Greek Tourism Enterprises
Efthymios Vidalis, President of the Board for Sustainable Development of the Hellenic Federation of Enterprises
Nikos Zonzilos Scientific Advisor of IOBE
Dimitris Papalexopoulos Managing Director of S.A. Titan
Abraham Tsoukalidis President of Positive Energy
[Challenge:Future] EE takes on new dimensions to outsourcingChallenge:Future
Eastern Europe has emerged as a major player in the outsourcing industry, accounting for 20% of the global market. Countries like Hungary, Poland, Czech Republic, and Belarus offer competitive advantages such as skilled workforces, government support, and lower costs.
New business models are emerging that divide complex problems into smaller work streams that can be completed remotely. This "divide-and-conquer" or DBBD approach allows leveraging talent globally through virtual teams and real-time collaboration tools. Eastern European countries are well positioned to capitalize on DBBD due to cultural similarities with Western clients, technical skills, and time zone advantages.
DBBD companies aim to solve labor market mismatches by connecting small businesses and professionals
Low carbon earth summit china alison rowe fujitsu presentationFujitsu Global
Setting the context and analysing Fujitsu's third annual global ICT sustainability benchmark report, looking at organisations in 8 countries. https://www-s.fujitsu.com/global/solutions/sustainability/Fujitsu-Sustainability.html
Market Research Report : ICT Adoption in Manufacturing Sector India 2011Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
Need for maintenance of global standards is stimulating ICT adoption in manufacturing sector, finds Netscribes
Imbalances, Competitivenes and Economic AdjustmentLatvijas Banka
Presentation by Radoslav Krastev, Francesco Di Comite, Gabriele Giudice, Daniel Monteiro at Country workshop: "EU Balance-of-Payments assistance for Latvia: Foundations of Success" organized by the European Commission, Directorate General for Economic and Financial Affairs, and the Bank of Latvia.
Brussels, March 1, 2012
What do you believe are the greatest challenges facing the sector or industry...rohitsengupta83
The document discusses the major challenges facing the telecommunications industry. It notes that revenues from traditional services like voice are declining as ARPU decreases. There is also a challenge in monetizing new data services and content to make up for these losses. The industry faces intense competition which has made it difficult to raise prices. Economic slowdowns in regions like Europe have further reduced spending on telecom services. The author aspires to play the role of an industry strategist to help companies address these challenges.
Similar to [Challenge:Future] HOW Consulting Group: Being Small in a Global World (20)
This short document advises thinking carefully before beginning a new endeavor but also cautions thinking twice before giving up on something already started. It suggests considering both the pros and cons of initiating a new project or task as well as persisting when challenges arise rather than abandoning efforts prematurely.
This document describes the author's ideal world and job as a river guide in the Tara Canyon in Serbia. In 3 sentences:
The author finds deep satisfaction in their job as a river guide, where they get to experience nature's beauty everyday and help clients seek adventure, rather than being stuck in a boring office job. They live simply in a modest home near the river without many luxuries, but surrounded by a diverse community of neighbors and colleagues. The author feels they have created their own beautiful world through this lifestyle focused on nature, community, and finding meaning through their work.
The document contains three paragraphs. The first paragraph encourages the reader to find happiness through kindness, positive thoughts, sincere feelings, and smiles. It says sharing inner sunshine with others with an open heart will bring boundless joy. The second paragraph advises the reader to put their heart and soul into something meaningful, do their best with love despite difficulties, and rewards will follow. The third paragraph introduces the author, Iuliia Radkevych, who graduated with a Master's in Linguistics. She enjoys reading, traveling, painting, psychology, design, and collecting quotations. She describes herself as optimistic, kind, motivated, positive, friendly, and organized, and enjoys helping people.
Marsida Bandilli challenges us to make the most of our limited time by pursuing our dreams and appreciating life's beauty. While people often get busy with ordinary schedules and neglect life's beauty, understanding that time is limited inspires us to live and appreciate every moment. We should enjoy simple pleasures like chocolate ice cream in December, feel emotions like tears, hug loved ones, and create joyful and sorrowful moments to paint on the fairy tale of life.
The document advises the reader to choose happiness in their career and life. It suggests finding a career that you are passionate about and that makes you smile, rather than doing something just because you have to. It says that while you may fail at first, you will eventually defeat failure if you follow your passion. The document encourages the reader to promise themselves that they will choose happiness and do things for themselves, rather than waiting for others to tell them what to do or waiting for a better future. Choosing happiness, the document states, is the key to success.
The document encourages the reader to stop waiting for the perfect moment to do things they've always wanted to do. It argues that there is no such thing as a perfect moment, so one should act now instead of delaying. The passage emphasizes that life is fleeting and will pass regardless, so people should focus on living life in the way they choose instead of putting things off.
Tetyana from Ukraine provides career advice for growing in 2015, first advising to always rely on yourself and not expect help from others so you will never be disappointed, as you should do everything yourself. She also says to help others in need while listening to ideas of others, but to always listen to your heart and be independent as you are the creator of your own future.
[Challenge:Future] Hard work, Dedication & Patience!Challenge:Future
The document provides advice to work hard, be dedicated, and patient to achieve success in 2015. It recommends deciding on a direction and dedicating each day to building success through hard work while accepting responsibility. It advises moving outside one's comfort zone, avoiding procrastination, using time wisely, surrounding oneself with positive people, and being willing to take risks, as success will not happen overnight. Each day should be dedicated to investing in knowledge and skills to become a professional while remaining grateful and respecting colleagues.
[Challenge:Future] I give you this medal as a signChallenge:Future
The document encourages people to recognize those who are important in their lives by making medals for them as part of a project called "I give you this medal as a sign." It suggests taking time to think about friends, family members, and others who have supported you, and when you last thanked them. Most people focus so much on themselves that they take others for granted. The document provides an example of a medal someone made to recognize someone who inspires them to be the change they wish to see in the world.
The document advises guarding your soul carefully, even surrounding it with mythical guard dogs, as the world tries to influence it. It recommends maintaining daily routines for discipline and balance, completing even small tasks with commitment. Most importantly, it stresses keeping a tight hold on your soul through all activities, as there are those who try to trade or alter it for their own ends.
Lidija Globokar provides advice for focusing on goals in 2015. She recommends identifying your goal, starting toward it with your "engine on," and staying focused despite obstacles. Once the goal is reached, the hard work will be rewarded. Lidija is the president and co-founder of Project 668, a professional development platform that helps EU trainees break into jobs, develop skills, and manage careers. Project 668 won an award for discussing youth unemployment with European youth workers and solutions to overcome it.
This document provides a standard operating procedure for personal growth and development. It recommends being confident in your knowledge, finding fulfilling work you are passionate about, and persisting despite difficulties. It also advises bringing new ideas to your work, having your own point of view, and defending your opinions. The author is happy in their career in pharmaceutical microbiology, which allows them to directly contribute to people's health. Their work gives them strength and hope for a productive future.
[Challenge:Future] The magic world of Homo LudensChallenge:Future
This document provides advice for personal and professional development in 2015. It recommends pursuing hobbies to find fulfillment, exploring hidden talents, continuously learning, focusing on happiness over wealth, contributing to your community, developing your unique skills, strengthening your willpower, and appreciating life. It also provides a short biography of Maja Drobnjaković, who was born in Serbia in 1986 and works as a teaching assistant while pursuing her PhD in finance.
Break any borders that limit you, whether external barriers imposed by others or internal limits you impose on yourself. See every obstacle as a border separating you from your goals, and break through it. It is your life and your game - break the borders. The document is a short profile of a 22-year-old Greek man who works as a farmer while studying at night, with the goal of overcoming the economic barriers in Greece to continue his education and earn a master's degree.
Be yourself and don't worry about what others think of you. Focus on enjoying yourself, loving yourself, and doing what you love. The advice encourages being true to yourself and persistent, as well as being the first to take action. It comes from a 18-year-old Ukrainian student studying at an Oil and Gas Technical university who believes in making the world a little better.
Lifelong learning is essential to growing one's career in 2015 and beyond. To stay relevant in a changing world, one must continuously enrich their knowledge in their field through unconventional and sustainable practices. This ensures the improvement of competencies and the ability to adapt to different working environments in the future. Engaging in lifelong learning will bring substantial rewards to one's professional life.
[Challenge:Future] Smile And Accept the ChallangeChallenge:Future
Danish Ali is a 22-year-old student studying electronics engineering at BUITMS university who is also a social activist, volunteer, and blogger. His message is that when facing difficulties in life, some people lose hope and cry, which only makes the situation worse. Instead, he advises accepting challenges with a smile, as smiling can convert emotions that travel back to the mind to strengthen one's belief and provide strength to deal with problems. No matter how bad things are, don't forget to smile in difficult times, as it boosts morale and one will realize how such a small expression can change one's whole world, whether in business, personal life, or at home by attracting positive thoughts.
Rešid is a 20-year-old Bosnian man currently studying political science and international relations at Istanbul University. In his message, he encourages the reader to be bold and true to themselves in 2014 by embracing new experiences, ignoring critics, and working hard to achieve their dreams despite potential failures along the way. He also stresses the importance of maturity, empathy, honesty, and bringing people together.
A 20-year-old student of genetics and bioengineering attends International Burch University in Sarajevo, Bosnia and Herzegovina and invites others to visit. They encourage restoring faith in humanity by being different, inspiring others to do good through helping anyone in need, and spreading love instead of hate.
[Challenge:Future] HOW Consulting Group: Being Small in a Global World
1. Hungary
Being Small in a Global World
What can Eastern Europe do to escape the bind between the more productive West and more
Q
cost-efficient East?
Eastern European countries, and Hungary in particular should
A • Focus resources on a few key industries, become world class in them and sell globally
• Incite hyperspecialization to support the key industries with efficient specialists
Team information
Team name HOW Consulting Group
Leader Gergely Balázs (Hungary, Rotterdam School of Management)
István Juhász (Hungary, Corvinus University of Budapest)
Members
Jasper de Vries (Netherlands, Rotterdam School of Management)
Mentor Miklós Stocker (Hungary, Corvinus University of Budapest)
2. Macro analysis shows1 that Eastern Europe (EE) has significant
opportunities in the grip of the West and the East2
Both the West and the East outperform EE in Still, EE has significant advantages over the
most fields West and the East
Comparison of West, East, EE and Hungary Outperforms EE in 11 out of 12 CC
WEF Competitiveness Criteria (CC), higher is better Relative strengths: business sophistication,
West institutions, market efficiency and low level of
Institutions
Innovation 140
Infrastructure corruption2
120
Business 100
Outperforms EE in 10 out of 12 CC
sophistication 80
Macroeconomic East Relative strengths: less tax regulations and
environment lower tax rates plus all strengths of the West
60
40 Advantage over the West
20
Health • Less restrictive labor regulations2
Market 0
& primary
size education Advantage over the East
EE • Lower inflation and higher political stability
Higher • Higher technological readiness, although this
education advantage is likely to diminish due to high
Technological & training FDI in the East
readiness
Outperforms EE in 10 out of 12 CC
Goods market
Hun-
Financial market We see the less restrictive labor regulations3
Labor market efficiency gary as a good basis for growth
development
efficiency
1. The WEF Competitiveness Report (2012-2013 edition) was used to identify key regional differences. The report contains analysis of all countries of the world and uses hundreds of indicators to
measure the competitiveness of each country. We analyzed the Top10 countries (by nominal GDP) of all three regions and looked at nearly thirty factors including basic competitiveness criteria and
the most problematic factors for doing business in order to identify key regional differences.
2. Regions and observed countries (Top10 by nominal GDP). West: USA, Germany, France, UK, Italy, Canada, Australia, Spain, Netherlands, Switzerland. East: China, Japan, India, South Korea,
Indonesia, Saudi-Arabia, Iran, Thailand, UAE, Malaysia. Eastern Europe: Russia, Turkey, Poland, Czech Republic, Romania, Ukraine, Hungary, Slovakia, Croatia, Bulgaria
3. Conclusion from analyzing "The most problematic factors for doing business" in the WEF Report. These factors are not represented on the spider chart.
HOW_ChallengeFuture.pptx ChallengeFuture 2
3. Industry analysis shows that Hungary has an advantage over
the rest of EE in certain knowled-based sectors
Hungary’s solid education and innovativeness … including pharmaceutical, ICT, logistics and
supports knowledge-based industries… vehicle manufacturing
Quality of math and science education1 (Top5 in EE)2 Pharmaceutical
4.8 • In Hungary, 42% of foreign students study life sciences,
4.6 4.5 4.3 4.2 demonstrating the high quality education in this field
• In life sciences and health care, 4 out of the 10 biggest
EE companies are Hungarian
Croatia Ukraine Hungary Russia Romania
ICT3
• ICT goods exports account for 25.6% of total goods
Quality of management schools (Top5 in EE)2 exports in Hungary. The only other EE countries with a
4.1 4.0 3.9 3.8 3.8 ratio over 10% are Slovakia (19.3%) and the Czech
Republic (15.0%)
Logistics
Hungary Poland Croatia Czech R. Turkey • Geographical advantage: Hungary lies in the middle of
the EE region with 3 out of 10 Pan-European transport
corridors passing through the country
Innovation competitiveness (Top5 in EE)2
3.8 3.6 3.3 3.3 3.2 Vehicle manufacturing
• Mercedes-Benz, Audi, GM-Opel and Suzuki have plants
in Hungary, accounting for ~2.5% of the country’s GDP
• In manufacturing, 3 out of the 10 biggest EE
Czech R. Hungary Turkey Poland Ukraine companies are Hungarian (including Audi Hungaria)
1. Furthermore, the Hungarian government changed the higher education system in 2012 in order to increase the number of students in certain fields such as engineering, physics and IT
2. Including only the Top10 EE countries (by nominal GDP). Competitiveness criteria measured on a scale of 7 3. Information and communications technology
Source: Deloitte TOP-500 Ranking: Central and Eastern Europe’s largest companies; Deloitte Technology Fast 50; Deloitte CEE CFO survey; Education at a Glance 2012: OECD Indicators, WEF
Competitiveness Report (2012-2013 edition), World Bank Indicators
HOW_ChallengeFuture.pptx ChallengeFuture 3
4. Interview finding #1: Hungary hasn't got a lot of natural
resources and still spreads it around all industries1
Hungary is relatively poor in resources and its inner market is small
• Both the West and the East have more natural resources
• The average Western country has 3.5 times the GDP per capita as Hungary (~49,000 USD2 vs. ~14,000 USD)
• Hungary's population is 1/7 of that of the average Western country and 1/30 of that of the average Eastern country
Small countries can focus their resources on key industries and sell globally
• Switzerland is famous for its financial services industry, watches and chocolate
• Hong Kong and Singapore are very export-oriented with an export/GDP ratio of ~200% (Hungary: 92%)
Hungary wanted to do the same but specialization plans were discontinued
• Hungary realized these issues and created special action plans to focus on four key industries in 2009:
pharmaceutical, ICT, logistics and vehicle manufacturing
• The goal was to enable these industries to reach higher added value
• Plans were based on months of consultation with industry leaders and experts
• Unfortunately, these action plans were cancelled by the new government in 2010 for reasons not specified
Hungary should focus its resources on a few key industries,
become world class in them and sell globally
1. Source: Interview with István Szatmári PhD, metabolism and pharmacokinetics manager at Chinoin Zrt, Budapest. Date: November 17, 2009
Interview with Dr. István Juhász, professor at Budapest Business School. Date: January 25, 2013
2. Average of Top10 Western countries (by nominal GDP)
3. Information and communications technology
HOW_ChallengeFuture.pptx ChallengeFuture 4
5. Interview finding #2: Current organizational forms are not
efficient: companies waste money, employees waste time1
Current organizational forms are not suitable Less stringent regulation in EE and the web
for every situation make new organizational forms possible
People spend an increasing amount of time not Labor and tax regulations are far less strict in
working2 Hungary than in the West
• The average employee spends 1.5 hours wasting time • Employees can be evaluated (and if necessary, laid off)
at work on the basis of performance
• A 25-year-old wastes four times as much time as a 65- • When working for different employers, tax discounts are
year-old required to make freelancers pay taxes proportionately
(compared to someone in a traditional job)
Big projects without a tight schedule make it difficult
to check what employees are doing Online platforms make it possible to divide tasks into
• Smaller chunks of work are easier to manage into tiny parts which can be carried out by specialists
• Smaller chunks could be done by specialists who are • InnoCentive: a global web community for open
efficient and find their work meaningful innovation where 300,000 specialists compete to solve
• Specific skills may not be found in the vicinity of the science and technology problems initiated by
firm: these skills to be sourced via the internet companies such as P&G
• TopCoder: a global community of programmers who
People are not paid on the basis of performance or divide work and create quality applications for a fraction
output of the average market price
• A lot of employees refuse performance-based pay and • This phenomenon is called crowdsourcing and is
prefer a flat (monthly) salary considered as the basis of hyperspecialization.
Hungary should promote a new, more effective organizational form
which leverages hyperspecialization
1. Source: Interview with Dr. István Juhász, professor at Budapest Business School. Date: January 25, 2013
2. http://blog.tempoplugin.com/2012/how-do-people-spend-their-time-at-work-infographic/
HOW_ChallengeFuture.pptx ChallengeFuture 5
6. Hungary should focus on key industries and incite
hyperspecialization to become more competitive
Timeline (see the next two slides for implementation)
Lack of competitiveness Road to competitiveness Increased competitiveness
Phase (1990-2012) (2013-2021) (2022-)
• Compete & lose with the West • Educate specialists focused on • Create intermediaries
on knowledge selected key markets • Market hyperspecialization to
Action • Compete & lose with the East • Make beneficial labor laws population and global markets
on efficiency
• Small markets • Better work (people work • Sustainable form of
• Low resources exclusively in their area of competitiveness, unique to EE
• Medium innovation capacity expertise) • World leader in key industries
Result • Weak overall competitiveness • Faster work (work is done in • High innovation capacity
parallel) • Awareness of this org. form in
• Cheaper work (result of the the population and satisfied
previous two) "cooperators"
Hyperspecialization1 is an extreme form of the division of labor, facilitated by advances in IT and communication
technology. It involves dividing work previously done by one person into more specialized pieces done by several people.
Labor
Intermediaries Education Marketing
regulations
Key resources Key activities
1. Source: Malone, A., Laubacher, L., Johns, T. (2011). The big idea: the age of hyperspecialization. Harvard Business Review, p.1-11
HOW_ChallengeFuture.pptx ChallengeFuture 6
7. Implementation of key resources: intermediaries and laws
Intermediaries enable firms to outsource work … which can be made possible and incited by
to cooperators… new labor regulations
EE and Hungary is in a special position regarding
labor regulations
• Western countries have strict, inflexible regulations
because they want to prevent unskilled immigrants
from entering their labor markets
• Countries of the East have very loose labor regulations
because they want to attract FDI and also, regulations
are feared to curb economic growth
This chart shows how
intermediaries function as Hungary should exploit this unique situation and
a link between firms and amend its labor regulations1
specialists (cooperators), • Provide legal grounds to enable:
how they are supported and • Division of work into smaller parts
what their inderpedencies • Intermediaries as a new business entity
are • Cooperators as a status that can be
represented by a union
• Incite people currently working illegally (black and gray
market) to go legal as cooperators2
• Incite output-based compensation with tax benefits
• Make the labor market transparent which will lead to
increased competition and efficiency – meaning that
intermediaries will find the suitable cooperators
1. Hungary changed its labor code as of July 1, 2012. This new law was a step in the direction of Western regulations. Nonetheless, we are confident that the directions are not final since neither
employers nor employees were satisfied with the new, inflexible rules.
2. Although several attempts to accompish this have failed in the past, the cooperator status (with low tax rates) is estimated to be an attractive alternative to the undeclared worker status
HOW_ChallengeFuture.pptx ChallengeFuture 7
8. Implementation of key activities: education and marketing
New education method to train future
cooperators Script for a 30-second TV spot
EXT. STREET - DAY
Present method1 Future method1 A little girl and her grandmother walk holding hands.
Projects Individual Team projects GRANDMA
What do you want to be when you grow up?
Lexical knowledge Competency-based
Focus The child has a puzzled face, seemingly she has no
practical knowledge
idea. She looks around and sees a billboard
Languages Focus on grammar Focus on speaking advertizing the Most Wanted Profession: Cooperator.
Relation to Separated Interconnected CUT TO:
firms Camera zooms in her face and we see a future day of
hers. She has a happy life; we see her doing
meaningful work, going out with her girlfriends and
sleeping for as long as she wants.2
CUT TO:
Stakeholder Motivation Camera zooms out of the girl's face and she looks at
another billboard. It depicts some office worker3 who
looks tired due to stressful work. This billboard
Students Gamification and clear career prospects advertises a brand new painkiller. The girl grimaces.
The girl points at the cooperator billboard with an
Parents More competitive children intent look on her face; that's what she wants to be.
Grandma smiles and gives her an approving nod.
Government More competent workforce
GRANDMA
Teachers Increased wages Good choice.
1. The present method has German/Prussian origins, the future method is based loosely on the one used in Anglo-Saxon countries and the Netherlands
2. As a cooperator she only needs to work on things she likes and is truly great at, helping her country getting more competitive in the long run
3. A management consultant
HOW_ChallengeFuture.pptx ChallengeFuture 8
9. Financial forecast shows an annual GDP growth of 5%
Revenues and global market shares of key
Growth rate assumptions1 Hungarian industries show high growth
Base GDP 1.5% Industry2 2012 2022
Pharmaceutical industry 17%
$2.5 bn $17.6 bn - $21.5 bn
Vehicle manufacturing 7% Pharmaceutical 0.3% 1.2% - 1.5%
ICT 17%
Vehicle manufacturing
$12.7 bn $30.3 bn - $37.0 bn
1.6% 2.8% - 3.4%
Logistics 7%
$1.3 bn $10.1 bn - $12.3 bn
All other industries 0% ICT 0.1% 0.5% - 0.6%
$7.0 bn $24.4 bn - $29.8 bn
Logistics 0.7% 1.2% - 1.5%
Proposed strategy pays off in 8 years
Base GDP (bn USD) GDP with proposed strategy (bn USD)
+5%
191 191 200 203 210 216 221 231
150 150 157 156 165 163 173 172 182 181
140 140 142 143
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
1. For Hungary 2. Industries not listed in the table contributed 117 bn USD to the Hungarian nominal GDP in 2012. Estimated contribution in 2022: 126-154 bn USD.
Source: http://www.businessvibes.com/blog/industry-insight-global-pharmaceutical-industry, http://www.huembwas.org/Business/hungary-auto_en.pdf,
http://www.researchandmarkets.com/reports/2078480/global_it_services_industry_analysis_20122017, http://www.authorstream.com/Presentation/suvrata.nandy-893815-analysis-of-logistics-industry/
HOW_ChallengeFuture.pptx ChallengeFuture 9
10. Summary1 of the proposed strategy
PA RT N ERS KEY ACT IVIT IES VA LU E PROPOSIT ION CH A N N ELS CU ST OM ER SEGM EN T S
Government backing Increase firms' Trade on the
competitiveness international marketplace
Hungary's Global marketplace
government Educate specialists
Output -
Better Firms Internat. market International
Increased Advance labor People work on market for
GDP & tax laws what they
specialized in
Hungary's key
markets
Hypespecialization
Hungary's Faster Marketing through
companies in Mobilize specialists & Work can be done in education system &
key markets firms by marketing parallel intermediaries
Increased campaign
Provide Intermed. Specialists
competiti- jobs
veness Cheaper
Result of efficiency
Hungary's KEY RESOU RCES & speed CU STOM ER RELAT ION S
intermediaries
Co-creation
Quality Split jobs & Specific work agreement
control & mobilize
integration specialists
Flexible labor/tax laws
Split jobs
Firms Internat. market
Hungary's
specialists Mobilize people
Check quality
Collaboration In-depth Input -
skills expertise Specialists
Integrate parts Communities
Hungary's Stimulate interpersonal
education Intermediaries that
Competitive advantage process
system facilitate collaboration
for facilitation by
Educating specialists intermediaries Intermed. Specialists
CA SH OU T CA SH IN
Cost of educating specialists = from 5% of national GPD to 7.5% GDP rise in 11 years through increased
Cost of marketing campaign = 0.01% of national GDP competitiveness from hyperspecialization:
Extra 5% GPD growth
1. Business model canvas by Alexander Osterwalder
HOW_ChallengeFuture.pptx ChallengeFuture 10