Learn with NirmalAryal/Arthabichar Nepal - Guide to Entrepreneurs, Startups, and Business Enthusiast

Decision making is an integral part of any business be it a startup or small or large enterprise. However, being a startup its even more crucial as it is very important for startups to make the right decision at the right time. There might be different methods of how an effective decision can be made. Today, we would like to highlight about the decision-making model developed by Bain & Company which was introduced through an article published in Harvard Business Review, back in January 2006. You can click on the link below for the full article: Who has the D? How clear decision roles enhance Organizational Performance. RAPID is an acronym for the different roles people can have or the activities they take on during the decision-making process. Each letter stands for a specific role or activity; however, people can have more than one letter assigned to them depending on the nature and context of the decision and the size of the group. So, what does each of these letters stan

Entrepreneurship is the talk of the town all over the world and Nepal is not an exception. Every week there is some kind of capacity development happening around Kathmandu valley helping youth turn their ideas into reality. These events are really helpful in providing a launchpad for newbies enthusiast about the startup. However, the question remains, how many of us are actually aware of the entrepreneurial strategy? According to Peter F. Drucker, there are four entrepreneurial strategies which are not mutually exclusive but sometimes can be used together. We have tried to present a quick snapshot of such strategies below: 1) Being "Fustest with the Mostest": This is a strategy where you either hit a target or miss it altogether. It requires an ambitious aim; otherwise, it is bound to fail. Your aim should be to create a new industry or a new market although you are not aiming to create a big business right away. It always starts with a permanent leadership position

Human resource management (HRM) is a function in organizations designed to maximize employee performance in service of their employers’ strategic objectives. HRM is primarily concerned with how people are managed within organizations, focusing on policies and systems. It includes the process to recruit, maintain, and develop employees. Effective HRM practices not only help organization achieve its goal but also help employees find meaningful work with avenues for career development. Peter Senge in his book titled The Fifth Discipline has written that the success of any organization depends on its learning spirit. He terms organizations that continually seek to expand their capacity to create their future as learning organizations.  He has emphasized that it is only through individual learning that organizational learning occurs. According to him, the feature of the learning organization are a) where people continually expand their capacity to create results they truly desire, b) w

I was   bugged   down by the thought that how challenging is the Human Resource Management (HRM) on NGO setting. I thought of it for a while, talked to different people on the organization, and went through   different   google search. While doing so, I found one nice article written by Bernard C. Nwaiwu, CEO of the CEDE Trust Fund which has worded down all the thoughts I had. I couldn't agree more on the lines below (I have copied it below for your reference, you can go through the following link to read the full article) http://www.cedetf.org/uploads/publications/Legitimacy%20and%20human%20resources%20-%20Exermining%20some%20critically%20management%20challenges%20facing%20NGOs.pdf "Manpower planning is a major HRM challenge for NGO managers, who are saddled with the problem of staff recruitment and development. NGO recruitments are mostly project based. The implication of this is that project staff have a start date and a known end date, which makes it tight for

In celebration of CFP Board's 25 years, CFP Board's Consumer Advocate, Eleanor Blayney, CFP® rolled out a series of 25 relevant and timely tips and strategies for the five key milestone phases in a person's life. Presented in a multimedia format, tips were released each month from August to December 2010. Stage 1 – The Starting Out Years Age range: 18-25 These are critical years, where your choices about education, employment, and debt management can have a major impact on your financial situation for decades to come. Stage 2 - The Nesting Years Age range: 25-40 During this phase, you face important decisions about marriage, children, buying a home, and building a career. Understanding the financial implications of these decisions is critical to lifetime success. Stage 3 – The Prime Time Years Age range: 40–55 This is usually the time you find yourself with more discretionary income. But there may be a lot of demands on that income. Advice is needed about