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Business goals in market versus transition economies: An exploratory comparison of Hungarian and U.S. MBA students
Author(s) -
Danis Wade M.,
Shipilov Andrew V.
Publication year - 2004
Publication title -
thunderbird international business review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.553
H-Index - 37
eISSN - 1520-6874
pISSN - 1096-4762
DOI - 10.1002/tie.20009
Subject(s) - reputation , honor , transition (genetics) , convergence (economics) , face (sociological concept) , family business , economics , exploratory research , marketing , business , market economy , economy , sociology , political science , law , economic growth , social science , biochemistry , chemistry , computer science , gene , operating system
Developed market economies and transition economies are characterized by radically different institutional,economic, and cultural environments, which we expected would produce differences in business goals among MBAstudents. We measured differences between 103 Hungarian and 454 U.S. part‐time MBAs and found that U.S.respondents placed more importance on growth of the business, short‐term profits, staying within the laws,and honor, face, and reputation. Hungarians placed more emphasis on game and gaming spirit, and family values.Although the results showed significant differences on some business goals, they were not as great as theliterature would suggest, indicating that some convergence has occurred since transition began. © 2004 WileyPeriodicals, Inc.