Complete Syllabus of Business Environment | MGT 518 | MBS 2nd semester

Credits: 3

Lecture Hours: 48

Course Objectives:

The course aims to provide the students with the knowledge of different facets of external business environment that are necessary for the survival of a business firm in the contemporary business world. It also aims to develop capacity and skills in the students of analyzing, synthesizing and evaluating these facets and applying them in the formulation of business and strategies. This course examines the relationship between business organizations and their functional areas.

Course Description:

The main topics covered in the course are: the business-environment interaction, analysis of the economic, political, social, cultural, legal, and technological environments and their effects on international business; trade policy instruments and implications for business; economic policies and reforms, corporate social responsibility; globalization and regional economic integration, multinational corporations; major drivers behind, and barriers to, foreign direct investment; impact of international institutions and organizations like WTO on Nepalese business. The purpose is to develop a solid understanding of the external, economy-wide factors that affect the performance and management of Nepalese business firms.

Course Details:

Unit 1: Introduction LH 3

Concept, relationship between business system and its environment, Importance and

components of business environment, Process and techniques of environmental analysis,

Business environment analysis for strategic management, Recent trends and emerging

business environment in Nepal.

Unit 2: Economic Environment LH 16

An overview of the Nepalese economy: Economic structure and dimensions; Economic

indices - National income; Rate and growth of GNP, per capita; Poverty situation; Distribution

of income; Nepal's foreign trade - structure and related issues; Labour market issues; Foreign

employment - trends and issues.

Economic planning: An overview of five year /three year plans of Nepal; Current Plan - its

objectives, targets and strategies applicable to business and industrial sectors; Millennium

Development Goals – parameters and progress in Nepal.

Nepalese economic policies and reforms: Industrial Policy- concept and objectives; Trade

Policy - concept and objectives; Tourism Policy - objectives and characteristics; Current

monetary policy; Economic policy reforms;

Agriculture and industrial sectors: Features and issues in Nepalese agricultural sector;

Nepal's industrial sector – structure, performance and constraints.

Unit 3: Political Environment LH4

Political system, its nature and significance for business; Political structure; Political parties,

Government’s role in business; Political stability issue; Impact of political environment on

Nepalese business structure. Interrelationships between politics, government and business.

Unit 4: Regulatory Environment LH 7

Constitutional framework; Directive principles; Fundamental rights; Main features and

provisions of business related legislation and policies in Nepal. Business legislation in Nepal -

Companies Act, 2006; Finance and investment legislation - Foreign Investment and

Technology Transfer Act, 1992; Income Tax Act, 2002; Industrial Enterprise Act, 1992;

Securities Act, 2063; Labor Act, 1992; Trade Union Act, 1992; Mines and Minerals Act, 1985;

Patent Design and Trade Mark Act, 1965; Copyright Act, 2002; Foreign employment

Act,2007.

Unit 5: Socio-Cultural Environment LH 4

Concept and components of socio-cultural environment; Impact of socio-cultural environment

to business, Analysis of components of Nepalese socio-cultural environment: attitudes, values

and beliefs, religion, language, education, social institutions, class structure and business

culture. Emerging socio-cultural changes in Nepal.

Unit 6: Social Responsibility of Business LH 3

Social responsibility of business: Concept, approaches and areas. Corporate accountability,

Social audit: Concept, models and procedures, consumerism.

Unit 7: Global Environment LH 7

Globalization - concepts and forms; Regional economic integration; A brief overview of the

regional economic groupings such as NAFTA, APEC, ASEAN, SAARC, SAFTA and

BIMSTEC; Economic reforms in South Asia; World Trade Organization (WTO) – Objectives,

structure, principles, agreements and most favoured nation treatment; Benefits of the WTO

trading system; Nepal's membership and commitments - opportunities and threats for Nepalese business, Recent trends and development in global environment.

Unit 8: Environment, Energy and Technology LH 4

Environment and energy management: Natural environment and pollution issues; Environment protection legislation and programs; Demand and supply of energy; Environment and energy management issues. Science and Technology Policy; IT Policy; Electronic Transactions Act, 2007; Status of technology in Nepalese businesses; Technology and human factors; Issues related to management of technology.

References:

Pant, Prem R. Business Environment in Nepal. Buddha Academic Publishers and Distributors,

Kathmandu.

Agrawal, G. R. Dynamics of Nepalese Business Environment. M. K. Publishers, Kathmandu.

Aswathappa, K. Business Environment for Strategic Management, Himalaya Publishing House, Bombay.

Cherunilam, F. Business Environment. Himalaya Publishing House, Bombay.

Relevant laws, literature and cases.

Complete Syllabus of Production and Operations Management | MSC 517 | MBS 2nd semester

Credits: 3

Lecture Hours: 48

Course Objectives:

This course aims to impart knowledge and skills of production and operations management to students so that they can relate the theoretical aspects with real world operations.

Course Description:

The course contains basic concepts and introduction, production planning and scheduling, materials management, managing for quality and optimization techniques.

Course Details:

Unit1: Basic Concepts and Introduction LH 6

Concept, Transformation model, manufacturing versus Service operations, Historical

Development of Operations Management, Types of production system, operations strategy,

global view of operations, achieving competitive advantage though operations, concept and

types of Productivity.

Unit 2: Production planning and scheduling LH 14

Product development: Operational issues in product life cycle; product development process,

Quality function deployment, value engineering,

Manufacturing process and service process, Capacity planning decisions, aggregate planning

strategies, location planning: strategic importance of location, Factors affecting location

decisions, methods of evaluating location alternatives, layout strategies: strategic importance of layout decisions, Types of layout, Designing product layout: Assembly line balance

Overview of the operations planning and scheduling system, loading, priority sequencing,

forward scheduling and backward scheduling, expediting, optimized production technology.

Unit 3: Materials Management LH 8

Objectives and importance of material management, procurement activities, Material Handling, warehousing, Inventory management, Inventory costs, Inventory control system, Material Requirement Planning (MRP), ABC Inventory planning system,

Unit 4: Managing for Quality LH 6

Introduction, definitions of quality, concepts of Total quality management, Quality

management system,7 tools for the quality journey, Quality costs, Six-Sigma, Statistical

process control, control charts for variables and attributes, acceptance sampling, process

capability

Unit 5: Optimization Techniques LH 14

Linear programming: Introduction to Linear programming problem, general statement of

linear programming problem, Formulation of linear programming problem, Assumptions

underlying linear programming, some special cases in linear programming, Simplex method,

Solution to maximization problems, solution to minimization problems, Big-M method,

Duality in linear programming problem, Economic interpretation of duality, concept on

sensitivity analysis.

Transportation problem: Vogel’s Approximation method (VAM) for generating initial basic

feasible solution, Testing Optimality condition, Balanced and unbalanced transportation

problem, closed path formation, Maximization problem.

Assignment problem: Introduction, solution of Minimization and maximization of assignment

problem by Hungarian Method, balanced and unbalanced assignment problem.

Suggested Readings:

1. Stevenson, W.(2012). Operations Management.11th ed. New Delhi: Tata McGraw-Hill.

2. Vohra N.D., (2004). Quantitative Techniques in Management. New Delhi: Tata McGraw-

Hill.

3. Hillier F.S.,Liberman G.J. (2005). Introduction to Operations Research: Concepts and

cases. New Delhi: Tata McGraw-Hill.

4. Adam, E and Ebert R. (2007). Production and operations management Concepts, Models

and Behaviour.5th ed. New Delhi: Prentice -Hall of India Private Limited.

5. Krajewski L, Ritzman L., Malhotra, M.(2007): Operations Management Process and Value

Chains.8 ed. New Delhi: Prentice Hall.

6. Chase Richard B., Aquilano Nicholas J and Jacobs F. Robart (1999): Production and

Operations Management: Manufacturing and Services, 8th edition, Tata McGraw Hill

Publishing Company, New Delhi

7. Sthapit , A. B, Yadav R. P, Tamang G. , Dhital S. and Adhikari P. (2015). Production and

Operations Management. Kathmandu: Asmita Books Publishers and Distributors (P) Ltd.

8. Shrestha S. and Silwal D. (2057). Production and Operations Management. Kathmandu:

Taleju Prakashan

9. Regmi L., Joshi P.R. ,Chaudhary A.K., & Fago G, . (2012). Production and operations

management. Kathmandu: Buddha Publication

Complete Syllabus of Human Resource Management | MGT 513 | MBS 2nd semester

Credit: 3

Lecture Hours: 48

Course Objectives:

The main objective of this course is to familiarize students with the concepts and practices of human resource management. This course provides an overview of the HRM. This course is designed to provide students with specific knowledge, skills, and abilities associated with human resource management so that they are actually prepared to perform the essential functions that human resource professionals are expected to perform.

Course Description:

This course contains an overview of HRM, analysis and design of job, human resource planning, recruitment, selection and socialization, human resource development and training, career planning, performance evaluation and compensation management, labour relations and collective bargaining, recent trends in human resource management.

Course Details:

Unit 1: An Overview of Human Resource Management LH 6

Concept, Developments in HRM Concepts, HRM environment, Ethics in HRM, Strategic

HRM, The roles of the HRM functions in strategy formulation, Dimensions of International

human resource management, globalization and HR policy, Human resource management in

Nepal.

Unit 2: Human Resource: Strategic Planning LH 5

Concept, HRP process, Strategic planning and HR planning, Need of human resource planning, Human resource information system, Techniques of forecasting HR demand and supply, Strategic directions in human resource planning, HRP practices in Nepalese organizations.

Unit 3: Job Analysis and Design LH 5

Concept of job design, Impact of job design on motivation, satisfaction, productivity and

quality of work life, Concept of job analysis, Importance of job analysis in human resource

management, Job analysis techniques, Writing job descriptions and specification.

Unit 4: Recruitment, Selection and Socialization LH 5

Concept, Methods and sources of recruitment, Recruitment process, Concept of employee

selection, Process of selection, The Selection interview, Selection tests, Concept and process of socialization, Recruitment and selection practices in Nepal.

Unit 5: Human Resource Development LH 6

Concept of human resource development (HRD) and training, Need for HRD, Training needs

analysis (TNA), On-the-Job and Off-the-Job training and development techniques, Evaluation

of training, Practices of training in Nepalese organizations.

Unit 6: Employee Career Planning and Mentoring LH4

Concept and Objectives of career planning, Stages of career development and planning, Need of career planning, Individual career counseling and mentoring, Importance of mentoring in work place, Career planning in Nepalese organizations.

Unit 7: Performance and Compensation Management LH 6

Concept and issues in performance management, Criteria of performance management,

Performance evaluation approaches, Problems of performance evaluation, Compensation

management, Considerations for Determining Compensation, The Legal Environment and Pay System Governance in Nepal.

Unit 8: Labour Relations and Collective Bargaining LH 5

Concept, Actors and process of labour relations, Unionism, Reasons for joining unions, Issues

in collective bargaining, Labour disputes and grievances procedures, Legal environment in

labour relations in Nepal, Contemporary issues in labour relations in Nepal.

Unit 9: Recent Trends in Human Resource Management LH 6

Hard and soft approaches to HRM, Cross cultural training, Managing diversity, Talent

management, Competency mapping, Outsourcing of HR professionals, Downsizing and

layoffs, emergence of work and family issues, Flexi time, Healthy workplace, Impact of

technology.

Reference Books:

Armstrong, M.,(2015). A Handbook of Human Resource Management, New Delhi: Aditya.

Adhikari, D.R.,(2015) .Human Resource Management, Buddha Publication.

Books. Armstrong, M., (2015). A Handbook of Human Resource Management, Aditya Books

Bernardin J.H., (2014).Human Resource Management: An Experiential Approach, McGraw-

Hill.Cascio, W., (2015).Managing Human Resources, McGraw-Hill.

Decenzo, D.A.,(2014). Fundamentals of HRM, Wiley.

Dessler, G. and Varkkey, B,(2016). Human Resource Management, Pearson.

Geprge W. Bohlander,(2016). Principles of Human Resource Management, Cenage Learning India Private Limited

Complete Syllabus of Financial Management | FIN 510 | MBS 2nd semester

Credits: 3

Lecture Hours: 48

Course Objective:

This course aims to enable students to appreciate the significance of concepts, theories and practice of financial decision making in firms and to make them acquainted with analytical and problem solving skills for making investment, financing and dividend decision along with managing working capital.

Course Description:

The course covers core area of financial management – investment, financing and dividend decisions and their peripherals. They are organized in eight units. The major topics covered in this course are: financial management and environment, financial statements analysis, security and corporate valuation, risk-return and the portfolio theory, capital structure and cost of capital, investment decision, dividend decision, and working capital management.

Course Details:

Unit 1: Financial Management and Environment LH 5

Financial Management: Functions and Concept, Objectives of Corporation: Value

Maximization, Value Maximization and Social Welfare, Managerial Action to Maximize

Shareholder Wealth; Role of Financial Manager; Agency Conflicts: Conflict between

Stockholders and Creditors, Conflict between Insider Owner/Managers and Outside Owners,

Conflict between Managers and Shareholders; Corporate Governance, Business Ethics and

Corporate Social Responsibility; Financial Environment in Nepal: Financial Securities,

Financial Institutions, Financial Market; Tax Environment.

Unit 2: Financial Statement Analysis LH 5

Financial Statements and Reports; Financial Ratio Analysis: Liquidity Ratios, Asset

Management Ratios, Debt Management Ratios, Profitability Ratios, Market Value Ratios;

Trend Analysis; Common Size Analysis; Percentage Change Analysis; The Du-Pont

Equation; Comparative Ratio and Benchmarking; Uses and Limitations of Ratio Analysis.

Unit 3: Security and Corporate Valuation LH 6

Time Value of Money and Financial Asset Valuation: Discounting and Compounding of

Different Cash Flow Streams; Valuation of Bonds; Required Return and Bond Values;

Changes in Bond Values Over Time; Bond Yields; The Basic Stock Valuation Models: Zero

Growth Model, Normal Growth Model, Supernormal Growth Model, Single Period and

Multi-period Valuation Model; Market Multiples and Stock Valuation; Valuation of Entire

Corporation.

Unit 4: Risk-Return and Portfolio Theory LH 6

Investment Returns and Risk; Risk in a Portfolio Context; Efficient Portfolio; The Optimal

Portfolio; Capital Assets Pricing Model (CAPM); The Capital Market Line (CML) and

Security Market Line (SML); The Efficient Market Hypothesis and Behavioral Finance.

Unit 5:Capital Structure and Cost of Capital LH 6

An Overview of Cost of Capital Structure: Business Risk and Financial Risk; The Optimal

Capital Structure; Component Cost of Capital; Weighted Average Cost of Capital (WACC);

Marginal Cost of Capital (MCC) and Breaks in MCC Schedule.

Unit 6: Investment Decision LH 8

An Overview of Capital Budgeting; Estimating Cash Flows; Evaluating Cash Flows:

Payback Period, Discounted Payback Period, Net Present Value, Internal Rate of Return,

Profitability Index, Modified Internal Rate of Return; Projects with Unequal Lives; NPV

Profiles and Crossover Rate.

Unit 7: Dividend Decision LH 6

Procedural Aspects of Paying Dividends; Dividend Distribution Model: Residual vs Stable;

Cash Distributions and Firm Value; Clientele Effect; Signaling; Stock Dividends and Stock

Splits; Stock Repurchase; Managerial Considerations as to Share Repurchase Policy;

Dividend Payment Practices in Nepal.

Unit 8: Working Capital Management LH 6

An Overview of Working Capital Management; Financing Current Assets; The Cash

Conversion Cycle; Cash Management and Target Cash Balance; Inventory Management;

Receivable Management.

References:

Bigham, E. F& Ehrhardt, M. C. Financial Management: Theory and Practice. New Delhi: Cengage Learning.

Van Horne, J. C. Financial Management and Policy. New Delhi: Pearson Education.

Ross, S. A., Westerfield, R. W., & Jordan, B. D. Corporate Finance. New Delhi: Tata McGraw-Hill.

Gitman, L. J. Principles of Managerial Finance. Delhi: Pearson Education.

Pradhan R. S. Financial Management. Kathmandu: Buddha Academic Publishers and Distributors.

Paudel, R. B., Baral K. J., Gautam R. R., & Rana S. B. Financial Management. Kathmandu: Asmita Books Publishers and Distributors.

Sharma, D. R., Thapa, K., Risal, N. & Pathak, D. D. Financial Management. Kathmandu: Khanal Publication Pvt. Ltd.