In order for managers to take an interest in privatization, it is essential that they also see their position assured after the change of ownership. The method of transfer of an enterprise known as "management buyout" makes it possible for the managers to become owners. But can transfers of...

Instead of crisis-ridden branches or bankrupt enterprises, this article focuses on how to prevent or endure crises in the enterprises by using cutbacks as natural ingredients of the enterprises' business policies. The author compares the experiences gained in various Hungarian processing...