Nepalese Business Environment

source: http://www.visionapexcollege.blogspot.com 

MGT 113 (Credit hours 3)

BBA, Third Year, Fifth Semester

Course Objectives:

The course aims to provide students with a sound understanding of environmental forces affecting business operations and to develop their ability to analyze such environmental forces on Nepalese Business. This course intends to provide students with a review of major environmental forces concepts and a dynamic of how these forces affects the operations of Nepalese business.

Course Contents:

1. Environmental Analysis                6 hours

• Concepts of Nepalese Business Environment
• Components of Nepalese Business Environment
• Environmental Scanning/Analysis (including some practical examples)
• Environmental Analysis and its use in Strategic Management

2.  Political Environment                 9 hours

• Introduction to political environment
• Political parties and political structure in Nepal
• Relationship between political structure  and the economy
• Government and its branches: legislative system  executive system, and other constitutional bodies
• Basic Issues in business-government relations, Government ownership of Nepalese business
• Problems of Nepalese political environment
• Impact analysis of overall Nepalese business by citing above political environment particularly with reference to business sector

3.  Environment Regulations            6 hours

A brief overview of the following Acts

·         Foreign Investment and Technology Transfer Act 1992

·         Companies Act 1999

·         Private Firm Registration Act 1958

·         Industrial Enterprise Act 1992

·         Income Tax Act 1974

·         Value Added Tax Act 1996

·         Labor Act 1992

·         Partnership Act 1964

·         Mines and Minerals Act 1985

·         Patent Design and Trade Mark Act 1965

4.  Economic Environment                 11 hours

• Economic dimensions of an economy- Analysis of these dimensions and their impact on business
• An overview of the Tenth Plan - its objectives, targets and strategy
• An analysis of how five year plans affect the Nepalese business operations?
• Concept of monetary policies, current monetary policy in Nepal, and its effects on business.
• Privatization: meaning of privatization, methods of privatization: share sales, management contract, lease, assets and business sales, others
• Privatization policy and practices in Nepal and their affects
• Liberalization: meaning, requirement of liberalization, internal/external liberalization, and effects of liberalization on Nepalese business
• Industrial Policy: Concept and objective of industrial policy in Nepal
• Trade Policy: concept and objective of trade policy, export/import trade policy
• Employment Policy: concept and objectives of employment policy
• Tourism Policy: concept, objectives and characteristics of tourism policy in Nepal.
• An overview of Nepal's industrial sector – structure, performance and problems.
• Natural environment and energy situation in Nepal
• Emerging business environment in Nepal

5.  Socio-Cultural Environment                 4 hours

·         An introduction to socio-cultural environment

·         Socio-cultural components: attitude and belief, religion, language, education, family structure and social organizations

·         An analysis of how socio-cultural environment affects the Nepalese business

6.  Global Environment                         8 hours

• Concept of Globalization
• Categories of globalization: World trade (export/import), portfolio management, direct investment, multinational companies
• Regional economic groupings of Nations
• SAFTA, SAPTA and BIMSTEC - their impacts on the Nepalese business
• World Trade Organization (WTO) – Nepal's membership: opportunities and threats for the Nepalese business
• Growth potential of Nepalese business in South Asia

7.  Technological Environment              4 hours

• Introduction
• Business and Technology
• Human factors and technology
• Technology policy
• Present level of technology adopted by the Nepalese business
• Impact of technological environment on the efficiency and competitiveness of Nepalese business

Text Books:

1.       Pant, Prem R. (2005): Business Environment in Nepal. Buddha Academic Publishers and Distributors.

2.       Agrawal, Govind R. (2002). Dynamics of Business Environment in Nepal. Kathmandu: M. K. Publishers.

3.       Aswasthappa, K. (1999). Business Environment for Strategic Management. Mumbai: Himalaya Publishing House