IDEAS home Printed from https://ideas.repec.org/a/ags/gazdal/58933.html
   My bibliography  Save this article

Relationship Attitude Of Hungarian Companies

Author

Listed:
  • Revesz, Balazs

Abstract

Companies carrying out their business activities are looking for the key to long term success under constantly changing circumstances and economic conditions. In order to achieve company goals and in order to satisfy the needs of customers, companies are striving for establishing tight and long term relationship with their business partners and further interested parties nowadays. Companies exploring the sources of sustainable competitive advantage recognize that the effectiveness of the traditional marketing approach is decreasing, so there is a need to develop and apply a new and a more efficient marketing concept under these changed circumstances. The results of the survey conducted among Hungarian companies show that relationships play a more and more important role in the Hungarian business environment. In accordance with the suggestions and results of the international literature retaining existing customers is the most important aim of the marketing activity among the participating companies, but unfortunately the answerers most frequently said that the organization’s marketing planning is still focused on issues relating to the product offered by the company. Our results show that Hungarian companies are facing changes in the focus of the marketing activities. According to the literature only a small portion of the companies are using CRM systems successfully. The successful implementation of a CRM system requires several changes in the organization. One of the most important tasks is to change the orientation of the companies’ marketing activities. Instead of focusing on the product or a single transaction, companies should master the customer focused operation. The implementation of the technology can only be successful after these cultural changes are made. Changes in the practice of marketing are mainly based on the examination and adaptation the theoretical aspects of relationship marketing and relationship management. These provide an opportunity for the academic sphere and for practitioners to get to know and further develop new theoretical accomplishments and the latest best practice solutions. However, it still remains a question, that the technology development is driving the changes in the business orientation or inversely, the changes in business orientation are forcing the industry to provide new technology.

Suggested Citation

  • Revesz, Balazs, 2007. "Relationship Attitude Of Hungarian Companies," GAZDÁLKODÁS: Scientific Journal on Agricultural Economics, Karoly Robert University College, vol. 51(Special E), pages 1-7.
  • Handle: RePEc:ags:gazdal:58933
    DOI: 10.22004/ag.econ.58933
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/58933/files/Revesz_2007_19ksz_258_264.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.58933?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:gazdal:58933. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/gtkrfhu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.