Question: Organizations have a moral responsibility to ensure a safe working environment for employees. Define occupational safety and health and enlist the key causes of accidents in the workplace. Answer: Let’s delve into the concept of occupational safety and health, explore the key causes of workplace accidents, and the discussion to emphasize the real-life impact … Read more
Question: Explain the nature and significance of international entrepreneurship. Do you see any differences between domestic and international entrepreneurship? if yes, explain with a suitable example. Nature and Significance of Global Entrepreneurship International entrepreneurship refers to business activities that cross national borders. Entrepreneurs identify global opportunities, adapt to different markets, and manage international risks. The … Read more
Question: How can a safe and healthy work environment be ensured? What should employers do to minimize liability in sexual harassment claims? Answer: Creating a safe and healthy work environment and minimizing liability in sexual harassment claims are critical responsibilities for employers. These efforts are not just about compliance or avoiding lawsuits they’re about fostering … Read more
Local vs International Business Differences Doing business in Nepal and in a foreign country comes with several differences. Entrepreneurs must understand these differences to succeed in global markets. The key differences include: 1. Legal and Regulatory Differences: Business laws, taxes, and trade regulations differ from country to country. In Nepal, businesses must follow Company Act … Read more
Question: Why is workplace safety required in an organization? How will it benefit the employees? Give your views. Answer: Workplace safety is essential in any organization for several reasons, and it benefits both employees and the organization as a whole. Here are the key reasons why workplace safety is required and how it benefits employees: … Read more
Assumptions for Global Entry Strategy When planning an entry strategy for global markets, entrepreneurs must consider various factors to ensure success. The key assumptions and implications include: 1. Market Demand and Consumer Preferences: Consumer needs vary from country to country, so it’s important to understand local preferences through market research. This helps businesses create products … Read more
Strategic Alliance vs Joint Ventures The differences between strategic alliances and joint ventures are as follows: Strategic Alliance Joint Venture It’s a partnership where companies work together but keep their independence. It’s a partnership where companies create a new business together. Each company stays in control of its own operations. Companies share control of the … Read more
Strategies for Global Business Expansion Expanding a business globally requires careful planning and strategic approaches to ensure success. There are various ways an entrepreneur can enter into the international market. The following key strategies help businesses grow in international markets: 1. Exporting: Exporting means selling products and services to customers in foreign countries without setting … Read more
Factors Motivating Entrepreneurs to Go Global An entrepreneur is an individual who creates a new business venture by bearing a certain level of risk to earn profit and wealth. Entrepreneurs expand their businesses globally for various reasons, including growth opportunities and competitive advantages. The key factors that motivate entrepreneurs to go global are: 1. Market … Read more
In Nepal, there are a few key legal provisions related to occupational health and safety, but, unfortunately, enforcement remains a challenge. These provisions are intended to safeguard the health and safety of workers, but the gap between the laws and actual implementation needs attention. Here’s a look at some of these legal provisions: Labour Act, … Read more