Business Environment

Course Title: Business Environment

Course No: MGT 236

Nature of the Course: THEORY

Semester: 6

Credit Hours: 3

Course Description

The topics include socio-cultural, economic, political-legal, technological, and global business environment incorporating business-government relations, performance of industry and agricultural sectors in Nepal, and financial sector policy reforms. Through a blend of theoretical frameworks, case studies, and practical applications, students will develop the analytical skills necessary to navigate the complex and dynamic landscape in which businesses operate.

Course Objectives

This course aims to equip students to examine environmental forces essentially influencing the business activities. The course provides overall concepts of firm-specific and general environmental forces and an understanding of some of the analytical tools that managers apply to understand, scan, and forecast potential influence on business, business problems and techniques to solve business problems. Upon successful completion of this course, students will be able to: To understand fundamental knowledge and concept about Nepalese and global business environment; To able in applying the concept of business environmental issues in real life situation; To know the conceptual issues and dimensions of micro and macro environment forces; To understand the business support agencies in Nepal; To be familiar with how environmental forces influence to business activities.

Course Contents

1. Introduction and Framework of Business Environment

4 hrs

1.1. Introduction of business environment and its components

1.2. Classification of business environment

1.3. Framework of business environment

1.4. Environmental Scanning

Process, techniques, methods and types

1.5. Emerging business environment in Nepal

2. Understanding Firm-specific Environment

4 hrs

2.1. Definition and scope of the firm-specific business environment

2.2. Importance of understanding the internal dynamics of firms

2.3. Organizational structure

2.4. Organizational culture

Role of culture in shaping employee behaviour and organizational performance

Cultural alignment and strategic fit

2.5. Operations management

Operations management principles

Production processes and capacity planning

Supply chain management and logistics

Quality management and continuous improvement

2.6. Human resource management

Human competencies and resources

3. Understanding Macro Environment

32 hrs

3.1. Macroeconomic Environment

Dimensions of Nepalese economy

Employment trends and labour market issues

Labour migration on economic imbalance

Economic development plans

Industry and agricultural sectors-performance

Economic policies and reforms- industrial policy, privatization policy, trade policy, tourism policy, and monetary policy

Liberalization of the Nepalese economy and capital market reforms

Factors contributing to competitive business environment in Nepal

Constitutional arrangement for economic environment in Nepal

3.2. Political-Legal Environment

Political structure in Nepal

Political structure of Nepal and business-government relations in different levels of governments

Political risks involved with Nepalese political environment

Legal provisions on business start-ups, market regulation, and competitive environment

Legislations relating to labour, finance, investment, intellectual property, e-business, and consumer protection

3.3. Socio-cultural Environment

Components of socio-cultural environment: shifting marriage age, female education, changing family structure and size, social organizations, class structure and classification, acculturation and assimilation trends in Nepalese society

Socio-cultural changes and their influence on business

3.4. Technology, Energy Management and Natural Environment

Current status of technology in Nepal

Technology transfer issues

IT Policy of Nepal

Natural environmental issues

Energy situation in Nepal

Natural environment: concept and issues

Effects of natural environment in business

Environment and energy management issues in Nepal

Artificial intelligence and future of business in Nepal

3.5. Global Business Environment and Nepalese Business

Regional grouping of nations

Regional trade agreements in South Asia – SAARC, SAPTA, SAFTA and BIMSTEC

Regional grouping related issues of Nepalese business

Concept of globalization and its trends

Foreign direct investment trends and causes for low FDI inflow in Nepal

WTO membership and Nepalese business

4. Understanding Business Support Agencies in Nepal

8 hrs

4.1. Department of Industry (DoI)

4.2. Nepal Rastra Bank (NRB)

4.3. Nepal Chamber of Commerce (NCC)

4.4. Trade and Export Promotion Centre (TEPC)

4.5. Federation of Nepalese Chambers of Commerce and Industry (FNCCI)

4.6. Small and Cottage Industry Development Board (SCIDB)

4.7. Nepal Trade Information Portal (NTIP)

4.8. Ministry of Labour, Employment and Social Security

4.9. Ministry of Industry, Commerce, and Supplies

Text Books

1.Francis Cherunilam. Business Environment: Text and Cases. Himalaya Publishing House.
2.Richard Welford, Richard Starkey. Business and the Environment. Routledge
3.David P. Baron. Business and Its Environment. Pearson
4.Legal documents published by Nepal Government. Nepal Law Commission, https://lawcommission.gov.np/en/

Notes:

This syllabus follows the official BIM curriculum of Tribhuvan University. In case of any doubt or revision, the university’s published syllabus shall be considered authoritative.https://www.fomecd.edu.np/syllabuses

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