What are the strategies for expansion and growth of business in the global area?

Strategies for Global Business Expansion

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

Describe the factor motivating the entrepreneurs to go global.

Factors Motivating Entrepreneurs to Go Global

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

Determinants, Differences, and Issues in Compensation Management

Determinants, Differences, and Issues in Compensation Management

Question: Compensation management is an integral part of human resources, which helps in satisfying the employees and improving organizational effectiveness. In the light of the statement discuss the major determinants of compensation and management. Differentiate between the bonus and gain sharing. Also explain the major issues in compensation management practice in Nepal. Compensation management is … Read more

Define the product planning and development process. Explain.

Product Planning and Development Process

Product Planning and Development Process Product planning and development is the process through which a business creates a new product or improves an existing one. It involves several stages to ensure the product meets customer needs and is ready for the market. The stages of product planning and development are as follows: 1. Idea Stage: … Read more

Occupational health and Safety conditions in Nepalese organizations

Occupational health and safety conditions in Nepalese organizations are not satisfactory.” Do you agree or disagree with the above statement? Give your logic.

Question: Occupational health and safety conditions in Nepalese organizations are not satisfactory.” Do you agree or disagree with the above statement? Give your logic. Answer: I believe the statement that “Occupational health and safety conditions in Nepalese organizations are not satisfactory” holds a lot of truth, and here’s why. The reality is, many workers in … Read more

What is e-commerce? What are the benefits and challenges of e-commerce in the modern era?

E-Commerce Benefits and Challenges

E-Commerce Benefits and Challenges E-commerce refers to buying and selling goods and services over the Internet. It has become a vital part of modern business, allowing companies to reach a global audience. The benefits of E-commerce are as follows: 1. Global Reach: E-commerce allows businesses to sell to people all over the world, not just … Read more

Explain the creative process with suitable examples.

The Creative Process

The Creative Process 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. The creative process is something that can be developed and improved over time, as everyone has the potential to enhance their creative skills through practice. … Read more

Define compensation. Explain the emerging concepts and issues in compensation.

Define compensation. Explain the emerging concepts and issues in compensation.

Compensation is the total package of rewards that employees receive in exchange for their work. It isn’t just about the paycheck you see every month; it includes everything from base salaries and hourly wages to bonuses, commissions, and other performance-based incentives. Along with these direct financial rewards, compensation also covers indirect benefits such as health … Read more

The role of incentives in employee motivation. How is gain sharing different from profit sharing?

The role of incentives in employee motivation. How is gain sharing different from profit sharing?The role of incentives in employee motivation. How is gain sharing different from profit sharing?

Role of incentives in employee motivation In today’s competitive work environment, incentives play a crucial role in motivating employees. Incentives are rewards or benefits offered to employees to encourage high performance, commitment, and productivity. They can be monetary, such as bonuses or commissions, or non-monetary, like recognition, flexible working hours, and career development opportunities. By … Read more

Workplace Safety in Nepal: Preventive Measures for Workers

Workplace Safety in Nepal: Preventive Measures for Workers

Question: In the context of Nepal, do you think organizations are following safety and health care measures? If you are an HR manager of a company, what preventive measures will you take to ensure safety for your workers at the workplace? Explain. Answer: In the context of Nepal, while there has been progress in implementing … Read more