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Hungary is one of the European countries which surprised the world by recording economic growth during the recession period that affected most countries on the planet.
This success was mainly realized through the four following companies: Burton-Apta, Herend Porcelain Manufactory, Pick Meat Company, and Westel Mobile Telecommunications Company.
The companies were able to achieve outstanding results by completely changing their strategies from authoritative to participatory decision-making.
Barton- Apta also adopted the total quality management developed by Professor Shiba for the Hungarian government.
Herend was able to achieve growth due to its longtime operation since 1826 and its implementation of integrated quality management.
Westel has prioritized customer satisfaction and continuous self-assessment.The key lessons which are learned from the operations of the four Hungarian companies that are very vital in the success and growth of a business are as follows: The business should have a proper management system and implement it fully.
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