The Cycle of Failure begins when short-term goals overtake the long-term objectives. Prologue As the leader of a service company, you are juxtaposed in your decision – whether to invest more or to cut down on your costs. The problem statement is clear. The profitability is weak. You are experiencing an exodus of not only …
A Telltale Sign – The Vicious Cycle of Failure in Service Companies Read More »
While investment summits are important, such events alone cannot guarantee foreign investments. In the past six years, Nepal has hosted two investment summits— one in 2017 and the other in 2019. The summits were aimed at making concerted efforts to present Nepal as a lucrative investment destination in South Asia in a bid to get …
Ensuring the Meaningfulness of Investment Summit Read More »
It was on July 23, 2015, when Dr. Chiranjivi Nepal was presenting the monetary policy for the fiscal year 2015/16 at Hotel Radisson, Kathmandu. It was his first monetary policy speech as the Governor of the Nepal Rastra Bank. Along with other stakeholders, (we), bankers were also listening to him attentively. During the speech, when …
In any organization, HR systems and practices must speak the same language as the organization Till the early 2000s, most organizations in Nepal did not have an HR department and the few organizations that did lack a fully-fledged HR setup. Over the past 20 years, organizations in the country have recognized the need for an …
AI can create credible-sounding facts but may also produce false data and incorrect information. ChatGPT is a natural language processing chatbot that utilizes artificial intelligence (AI) technology, enabling users to engage in human-like conversations. The acronym GPT stands for ‘generative pre-trained transformer’ and was developed by OpenAI. This nonprofit organization also created Dall-E-2, an AI …
Blessed with diverse natural treasures and unique cultural heritage, Nepal holds tremendous potential in tourism. With the improving infrastructure and growing supply side in tourism, Nepal needs to get well-deserved attention. Targeting two million IVAs (International Visitors Arrivals), an ambitious national campaign Visit Nepal 2020 was launched with the high hope to unleash the vast …
Rethinking Tourism – A New Approach to Make Nepal a Top Destination Read More »
Entrepreneurs play an essential role in the economic growth of any country. An entrepreneur’s successful business endeavor can help create thousands of other organizations and millions of jobs around the world. So, it is not an overstatement to say that entrepreneurship is the lifeblood of the economy. Today we think of entrepreneurship only as a …
In underdeveloped economies, the pursuit of growth is essential, but it must be sustainable and impactful. In today’s fast-paced and ever-changing business landscape, it’s crucial for organizations to have a clear sense of direction and alignment among team members. Objectives and Key Results, or OKRs, have emerged as a powerful tool to shape the course …
From Vision to Reality – The Role of OKRs in Nepal’s Business Transformation Read More »
The existing bilateral agreement has become outdated and is no longer suitable for the current situation, particularly as Nepal faces a substantial trade deficit with China. Nepal and China have reached a consensus to revise the bilateral trade agreement 42 years after the pact became operational in 1981. During Prime Minister Pushpa Kamal Dahal’s recent …
For a sustainable banking practice, the environmental, social, and governance perspectives have attracted special consideration amongst the banking industry around the world. One of the most challenging behaviors of nature is the sustainability of anything, living or nonliving. It means nothing lasts forever. According to the laws of Physics, mass can neither be created nor …
