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Intercultural challenges for foreign investors in Nepal and guidelines, instruments and recommendations for solving them

  • Business includes interactions both in societal and organizational dimension. And interactions are done through communication. Communication is not just about sharing ideas through words. Communication is anyway a complex phenomenon. However in the age of the global business, where culture has become the core and with that more complex and therefore is neglected more than before. Besides, cultural aspects seem not to have given enough importance, in spite of doing business internationally, where culture plays an essential role. Thus global business, in form of overseas, offshoring, outsourcing, franchising, expatriates, investment etc. is a game where international entrepreneurship, intercultural challenges, culture, communication and results, leading either to successful and effective cooperation or disputes and conflicts, have a main role. Hence, this thesis, Intercultural challenges for international Entrepreneurs in Nepal and guidelines, instruments and recommendations for solving them, is all about how to combine these elements and deploy strategies by entrepreneurs from Germanic Europe while doing business in Nepal, considering the cultural differences of both cultures. Consequently the aim of this thesis is to provide with essential components concerning cultural differences that should be considered seriously while doing business in Nepal. A research conducted through questionnaire to obtain results in order to identify the most important cultural differences in terms of dimensions facilitated to develop strategies. To get to the recommendations, as the end part of this thesis, first some basic terminologies and concepts will be conceptualized. After, deeper concepts regarding the role of communication and language will be provided to reach the research part. Once, some concepts are explained in research part, results and findings will be illustrated before reaching to recommendations and conclusion. To conclude, strategies in this thesis are presented in form of recommendations and instruments according to the results, which show that there are few differences in some cultural dimensions and there are huge differences in some cultural dimensions, to foster cross-cultural cooperation without conflicts and disputes.

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Author:Sudeep Budhathoki
Advisor:Frank Kramer
Document Type:Bachelor Thesis
Year of Completion:2015
Year of first Publication:2015
Release Date:2015/11/26
Tag:Developing countries; Intercultural communication; South Asia
Degree Program:IBM - International Business Management
Functional area:Andere/Other