Our second and third generation of SCRIBE21 scholars together with the Consortium staff from 5 universities had an opportunity to meet altogether in beautiful and historic Budapest and campus of Corvinus University in June this year. This was also the first time for the Corvinus University to host an intensive session for the double degree program.
As with each unique intensive, the goal of this session was to introduce SCRIBE21 students to specific business practices in the regional context. The aim of Budapest intensive was to introduce the students to the unique and dynamic capitalism which happened in Hungary since the regime changed in 1989. The program focused on the Central European economic history and that of Hungary. There was a great mix of in house academic lectures, study trips and case studies in the most important and competitive sectors of the Hungarian economy such as oil, IT, car and F&B sectors. And of course, the program could not be complete without sightseeing tours of the beautiful Budapest and the rich and diverse culture and architecture it has to offer.
The intensive week kick started on Monday with a warm welcome of the Hungarian summer and breeze from Danube river. The Dean of the Faculty of Social Sciences and International Relations at Corvinus University, Dr Laszlo Csicsmann, officially welcomed the group into the program and Dr Gabor Szalai, Head of International Affairs, has also provided a thorough introduction to the University’s history to the group. In the afternoon, the students were given a briefing on the economic history of Hungary and Central and Eastern Europe as well as for the situation game on the contextual business environment of CEE which they would be assessed on later in the week.
Tuesday had exciting activities in store where students received a lecture from an invited guest from the MOL, a leading oil company in Hungary. The group then embarked on a walking tour around the beautiful old and new quarters of the city including the Buda and Pest sides of the river. This was also a great opportunity for the students to get to know each other better which has proven to be one of the benefits of the SCRIBE21 Double degree program which results in life long friendships and valuable networks.
The group was looking forward to Wednesday and the invited guest lectures from Prezi, the leading Hungarian IT company and the creative presentation software which is used by over 40 million users worldwide as we speak. The presentation gave the group interesting insight into how the company was founded with a simple idea and grown to such a big scale in today’s dynamic IT industry, and an inspiring story that anyone’s limit is their imagination. The students then had the second guest lecture from Tresorit, another leading IT company in Hungary which provided a different perspective with their own business model.
The intensive week finished off with an exclusive trip to Bosch factory in Hatvan, Holloko (UNESCO World Heritage site) and Zwack liquor company which were all equally eye-opening, inspiring and insightful!
Overall, the Budapest intensive was a great opportunity for the SCRIBE21 students to learn the practical concepts of the international business and economic development in a different region such as Central and Eastern Europe and put their knowledge gained into practice.