Cultural Effect on Business in Nepal

Abstract

The business culture in Nepal is a dynamic amalgamation of traditional values and contemporary methodologies, deeply influenced by the country’s diverse socio-economic environment. This article offers a comprehensive analysis of the key elements that define business culture in Nepal, focusing on predominant business structures, decision-making approaches, personal relationships, networking, and cultural influences on business communications and operations. Businesses in Nepal typically operate as sole proprietorships, partnerships, corporations, or cooperatives, each with its own set of advantages and challenges. The hierarchical nature of Nepali organizations significantly influences decision-making processes, where authority and seniority are highly respected. Additionally, the importance of personal relationships and networking cannot be overstated, as these elements often extend beyond formal business transactions, playing a crucial role in business success.Cultural factors such as language, religion, and gift-giving are also pivotal in shaping business practices in Nepal. Understanding these factors is essential for both local and international stakeholders seeking to navigate the Nepali business landscape effectively. By exploring these aspects, this article provides valuable insights into the complex and evolving business environment in Nepal, offering guidance for practitioners and researchers alike.