– Durga Chudal
In this world nothing is permanent just change is permanent, continuing change, inevitable change that is the dominant factor in Nepalese business organization. Business organizations in Nepal are growing gradually with the developing good business sense is about developing a continually. It is necessity to understand of ever-changing dynamics of the local, national and international business climate for every Nepalese business organization. Good business sense often develops through hands-on experience and trial and error in the business world.
Nepalese business should have a seriously exciting and constructive idea about making sensible business then only Nepalese business can sustain longer and maintain corporate image to the world. However, it can also pay to think about how your new business can be seriously sensible too.
Adopting a methodical approach behind the scenes will ensure you’re blazing a trial on firm foundations.
Methodical approach supports increasing role in prioritizing the implementation of the treatment and prevention of both unintentional and intentional injuries in Nepalese business organization. While making policy and decision about your business you need to familiar with the information about the effectiveness of an intervention in relation to its costs and benefits. Nepalese business can consider the following steps and guidelines while doing business making sensible in Nepal.
Frequently instruct yourself
realizing the business world is ever changing continuously. To develop a keen and insightful understanding on the subject of your business finance, economics, supply and demand, communication techniques with your shareholders, customers and other stakeholders, customer relations strategies and management approaches. Nepalese business must continually stay abreast of the latest trends which are emerging with the practice of developed organization as you seen in your business environment.
Nepalese business organization can obtain necessity inputs as ideas through formal business education, continuing business education seminars, professional groups and participation in business and industry. Taking of business information and its trends will help to your business to develop a better understanding of ways in which different components of business work together.
Discover an adviser
Find a business professional whose business sense you respect and admire and ask him to be your mentor. An adviser can help you develop your business sense by helping you make sense of and understand different elements of business theory, operations and decision making.
This can include explaining the rationale behind different business decisions, providing a look into how market conditions influence business operations and how shareholders and investors play a role in the overall planning of businesses. An adviser can also help you weigh the pros and cons of different business decisions and serve as a sounding board for your questions.
Participate in Brainstorming
Every Nepalese business organization should make brainstorming with experienced business professionals who can provide insight into how people with good business sense think reason and make decisions.
Participating in brainstorming sessions as part of a company, a volunteer group or even as an observer can help you understand the thought process that goes on in the minds of successful business professionals. Business professionals can have the knowledge of overall world regarding business activities and the way of solution for the period of difficulties.
Read and research
Nepalese business organization can study about the biographies of respected business leaders from throughout history and world. Such valuable publications can provide an in-depth perspective of successful and effective leaders who used their own good business sense to develop multinational corporations.
Reading about their challenges, successes and failures will help you understand the factors that contribute to both good and bad business decision making. If you make proper research, the door of success can invite you forever.
Interview with respected colleagues
Nepalese business should appoint interview with business professionals whose business sense you admire and ask them what they consider the key elements of business success. Encourage them to elaborate on topics such as their greatest triumphs and disappointments and what lessons they learned from their experiences. Ask them how they view the current business landscape and how they anticipate the evolution of business over the past years.
Solicit Honest Feedback
Nepalese business should get a hold hands-on experience and trial and error is one of the most practical and effective ways to develop good business sense in Nepal, particularly if you solicit critiques from other business professionals. While making key decisions or implementing high-level projects in your business ask a respected colleague to evaluate your performance, pointing out both your strong and weak points. Use the feedback to hone your approach and use past mistakes to generate future successes.
No sensible decision can be made any longer without taking into account not only the world as it is, but the world as it will be. No professional business man ever gets very high by pulling other business down. The intelligent merchant does not knock his competitors, friends, enemies and his business himself
(Writer is the Senior Sales Manager of Maruti Cements Limited)