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Showing posts from April, 2018

Is Business About Giving Or Taking Value?

Abstract Firms approach creating products from different perspectives. Some seek to focus on customer pain and dedicate themselves in solving their problems.   Others are simply trying to find a way to make some money so that they can sustain their business . A firm needs to capture as well as create value in order to sustain in this competitive business environment. However, it is important for a business firm to understand the consequences of both factors and evaluate which one of them is of top priority. An executive cannot be an effective manager without a clear understanding of the principles and practices of modern finance. The good news is that these principles and practices can be communicated simply without sacrificing thoroughness or rigor. An executive requires the determination and the discipline to manage a business according to the precepts of modern finance. Consider, for example, one of financial management’s most useful guiding principle: Managers should man...

Internship Practices in Nepal: An Intern's Diary

"Photocopy" used to be the very first thing that came to my mind when I heard the word “internship”. And, I found it to be true to some extent as I started working as an intern myself. But, by the time my internship came to an end, I was very clear that photocopying is not the only definition of internship. I realized that nobody can begin their career as a CEO right from the start. There are numerous practical as well as professional knowledge that we need to garner as college graduates before we are able to take up any big responsibilities on our shoulders. And, no place could be better than internship to learn all those technicalities of the professional world. Working as an intern is the best way to kick starts your career no matter whether you want to become an entrepreneur, or a government officer, or even an employee. Even though I have worked as an intern only once in my life, I strongly believe that the companies do not limit their interns to photocopying docume...

Problems for Women Entrepreneurs in Nepal

Abstract Women, in a patriarchal and orthodox society like Nepal, need to battle with various gender barriers and obstacles in order to bring her ideas to life and create business. This article reviews the possible obstacles that women entrepreneurs face during their journey. Entrepreneurs are often regarded as national assets that possess the capability of bringing economic reforms in the nation. An entrepreneur can be defined as a person who "undertakes the organization and management of an enterprise involving innovativeness, independence and risk, as well as the opportunity for profit" (Timmons & Spinelli, 2006). Their contribution can result in radical innovations-the ones that can redefine our way of life, and the way we work.   Entrepreneurship, today, is no longer a gendered phenomenon, thanks to the wave of women empowerment and feminism that has created opportunities and platforms for women to bring their ideas to life and, create and run their busi...