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"Become friends with people who aren't your age. Hang out with people whose first language isn't the same as yours. Get to know someone who doesn't come from your social class. This is how you see the world. This is how you grow." Unknown__All About MBA Experience

Thursday, October 1, 2015

Problem faced by Nepalese businesses

Nepal has been facing different kinds of problem; some of the important points are as follows:
·         Interference: It is one of the major problems of management of Nepal. Government and political leaders interfere in the management of public enterprises of Nepal.
·         Lack of Finance: The other management problem of major industries is the lack of necessary financial resource. It is difficult to get loan from bank for the industry.
·         Availability of the market size: Nepal has limited market. There is no access to all parts of the country. As small quantity of goods is to be produced for small market, the production cost reaches high. As a result the price of the goods also goes high.
·         Lack of mutual trust: There is dearth of mutual trust in Nepal. Mutual trust cannot be found even among the departments, level and employees of the organization. Due to lack of trust authority is not delegated to the lower levels. Such mistrustful environment becomes detrimental to the industries.
·         Lack of efficiency manpower: Efficient and skilled manpower cannot be found in Nepal’s labor market. Labor is supplied from the crowed of unskilled and inefficient people.
·         Lack of technical knowledge  : The manager working in organization should have technical knowledge. But the manager working in the business of Nepal has not got technical knowledge. Because of the absence of technical knowledge in other employees, except the related ones, organization performance cannot be effective.
·         Labor problem: Labor organization gives pressure on management to fulfill their interest by holding demonstration, calling for strike, locking up, sit in etc. as the leaders of labor organization are affiliated to political parties and leaders, and the labor organization becomes strong.
·         Lack of infrastructure: The infrastructure such as transport, communication, electricity, water supply etc becomes necessary for industrialization. But these infrastructures are not available properly.

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