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Will restructuring Hungarian companies innovate?
- Article from:
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Comparative Economic Studies
- Article date:
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June 22, 1998
- Author:
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;
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Copyright informationCOPYRIGHT 1998 Association for Comparative Economic Studies. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Based on insights from Joseph Berliner's work on innovation in the Soviet centrally planned economy and its reform variants, we analyze process innovation (technological development) and product development in restructuring Hungarian companies from 1992 to 1995. Using data from a survey questionaire responded to by 325 Hungarian companies, we conclude that decision-makers recognize the increasing uncertainty in their business environment and respond to it by taking more aggressive strategies. However, Hungarian companies practice product imitation rather than product development as only about a third of new products introduced are new to either Hungarian or global markets. Furthermore, ...
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