Employees join trade unions for various reasons, all centered around improving their working conditions and protecting their rights. Here are the main reasons why workers choose to join trade unions : Main Steps in the Collective Bargaining Process Collective bargaining is the process where unions and employers negotiate to reach an agreement on workplace issues. … Read more
Sources and Generation of New Ideas Entrepreneurs constantly seek new ideas to create innovative products and services. These ideas come from various sources and are developed using different techniques. Some of the sources of new ideas are as follows: 1. Customers – Customers are the heart of any business, and their preferences keep changing. Businesses … Read more
Methods for Idea Generation and Problem-Solving Idea generation is the foundation of entrepreneurial success, as it helps in developing innovative products, services, and business models. Entrepreneurs use various techniques to generate ideas and solve problems effectively. Creative problem-solving helps generate new ideas and find effective solutions. Here are some simple methods to think creatively and … Read more
Creativity and Market Gap in Business Creativity is the ability to develop new ideas and to discover new ways of looking at problems & opportunities. It is the process of thinking something new. In business, creativity plays a crucial role in innovation, differentiation, and competitive advantage. A market gap refers to an unmet or underserved … Read more
Influence of Environment on Entrepreneurship The success and functioning of an entrepreneur are influenced by both internal and external environmental factors. Understanding these factors helps in making strategic decisions for business growth. The following are the Internal Environment factors that affect the functioning of an entrepreneur: 1. Organizational Goals and Policy – The vision, mission, … Read more
Business Expansion Opportunities and Challenges Strategies for expansion and growth – Please see 2023 Spring Q. No. 15 The Challenges of the global expansion of business are as follows: 1. Cultural and Language Barriers – Differences in language, customs, and business practices can create communication issues and misunderstandings. For example, marketing messages may not translate … Read more
Subject: Entrepreneurship Emerging Issues in Entrepreneurship Group A: Very Short Questions 1. (2023 Fall Q. No. 8) Enlist the fostering factors in women entrepreneurship development in Nepal. Answer: The fostering factors in women’s entrepreneurship development in Nepal are as follows:i. Government Supportii. Access to Financeiii. Education and Skillsiv. Supportive Familiesv. Financial Help 2. (2023 Fall … 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
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
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