Human Resource Management (HRM) is a system because it is a structured and interconnected framework of processes, policies, and practices designed to manage an organization’s workforce effectively. Like any system, HRM has inputs, processes, and outputs that work together to achieve specific goals. Here’s a breakdown of how HRM functions as a system: Inputs: These … Read more
Ethical business practices are essential for building trust, ensuring sustainability, and contributing to societal well-being. In Nepal, corporate houses are increasingly recognizing the importance of ethics in business. However, the level of ethical practices varies across industries and organizations. Here’s an analysis of ethical business practices conducted by corporate houses in Nepal: 1. Transparency and … Read more
Improving ethical business practices and governance in Nepal is crucial for sustainable development, economic growth, and social trust. Nepal faces challenges such as corruption, lack of transparency, weak enforcement of laws, and limited awareness of ethical standards. To address these issues, a multi-faceted approach is needed, involving the government, private sector, civil society, and citizens. … Read more
The status of CSR in Nepal is slowly improving, but it still faces many challenges. CSR means companies taking steps to help society and the environment while running their business. In Nepal, some businesses are actively involved in CSR activities, such as supporting education, healthcare, and environmental conservation. However, CSR is not yet widespread, and … Read more
Corporate Social Responsibility (CSR) in the workplace means companies taking steps to help society and the environment while running their business. These practices not only benefit the community but also improve the company’s image and make employees feel good about their work. Here are some common CSR practices in workplaces: Major Corporate Social Responsibility Practices … Read more
The current corporate governance scenario in Nepal is a mix of progress and challenges. Corporate governance refers to the system of rules and practices that guide how a company is managed and controlled. It ensures transparency, accountability, and fairness in a company’s operations. In Nepal, while some organizations follow good governance practices, many still struggle … Read more
Good corporate governance is essential for the success and sustainability of businesses. In Nepal, many organizations face challenges in implementing good governance practices. Below are the major challenges and suggestions to improve corporate governance in Nepalese business organizations. Major Challenges for Good Corporate Governance Weak Legal FrameworkNepal’s laws related to corporate governance are not strong … Read more
Nepal, like many developing countries, faces several ethical business issues. These issues affect the economy, society, and the environment. Here are some of the major ethical business issues in Nepal: 1. Corruption and Bribery Corruption is a big problem in Nepal. Many businesses have to pay bribes to get licenses, permits, or to avoid legal … Read more
Nepal, like many developing countries, faces challenges in maintaining strong ethical practices in areas like business, government, and society. However, there are some positive efforts to promote fairness and integrity. At the same time, there is a lot of room for improvement to create a more ethical and transparent environment. Existing Ethical Practices in Nepal … Read more
Subject: Entrepreneurship Business Plan Questions with Answers Group A: Very Short Questions 1. (2023 Fall Q. No. 9) Write down the common mistake associated with business planning. Answer: The common mistakes associated with business planning are as follows:i. Not having clear goals.ii. Ignoring market research.iii. Unrealistic financial projections.iv. Weak marketing and sales strategies. 2. (2022 … Read more