Tribhuvan University
Faculty of Management
Office of the Dean
Bachelor of Business Studies (BBS)
Course Objective
:The purpose of the course is to prepare students for the possibility of starting their own small and medium entrepreneurial ventures in their society. This course provides knowledge and skills to the students on various aspects of small and medium enterprises. The course emphasizes on improving the skills of the students to identify business opportunities in Nepalese society. Course learning objectives
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Understand the importance of defining the right strategy for the SME in a fast changing world and to apply specific tools, models and processes in Nepalese enterprises.
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Identify and Analyze factors for successful strategies as well as reasons for failure based on specific Nepalese case.
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Understand the importance of the three Pillars for Success: Strategy - Execution - HR and to assess their effectiveness.
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Understand the importance of leadership, governa nce and approaches to conflict resolutions and describe different models of governance at SMEs with their respective advantages and disadvantages.
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Understand the importance of values at an SME for their sustainability and their innovation capacity.
Course Description
:The course contains overview of entrepreneurship, creativity, innovation and social entrepreneurship, legal issues and environment for the entrepreneurship development, new venture identification and selection, preparation of business plan with business model canvas, and institutional support to entrepreneurship development.
Course Contents:
Lecture hours show the approximate classroom time allocated to each unit.
Unit 1.Introduction
- Small and Medium Enterprises (SMEs): concept, objectives and characteristics
- SMEs: role and significance in the economy
- SMEs and family business.
Unit 2.Emergence of SMEs
- History of SMEs
- The Historical Trajectory of the SMEs
- Industrial Development and SMEs
- SMEs Growth
- Multi-Dimensional Connections: State Owned Enterprises (SOEs), Privatized SOEs and SMEs
- Provisions Pertaining to Promotion and Development of SMEs in Nepal
Unit 3.SMEs and Rural Entrepreneurship
- Rural Entrepreneur and Rural Entrepreneurship: Concept, Types and Characteristics
- The Relationship between SMEs and Rural Entrepreneurship
- The Informal Sector and SMEs
- The Role of SMEs for Rural Entrepreneurship Development in Nepal
Unit 4.SMEs and Market
- Assessment of business opportunities
- SMEs and Market Access
- Local Market
- Market Realities and Free-Market Ideology
- The Role of the SMEs in Emerging Market
- Government initiatives and Private sector opportunity in Nepal
- The SMEs and Interlocking Markets: The Role of ‘Social Assets’
Unit 5.Setting Up a Small Business Enterprise
- Concept of Business Idea
- Business Idea Selection Process
- Legal Form of Business
- The Crucial Distinction between Proprietorship and Entrepreneurship
- Contribution of Small Enterprises to Large Enterprises
- the Relationship between Local Resources and SMEs
- Risks and Uncertainty to SMEs in Nepal
Unit 6.Financial Management
- Financial Planning
- Estimation of Financial Requirements
- The Relation between SMEs and Finance
- Sources of Finance: Internal sources and External sources of Financing including Term Loans and Financial Accommodation from Financial Institutions
- Small Enterprise Start up Cost
- Venture Capital
Unit 7.Small and Medium Enterprise Development in Nepal
- Status of Nepalese SMEs
- SMEs and Links to the Informal Economy in Nepal
- Economic Contribution through SMEs in Nepal
- Advantages of SMEs in Employment Generation
- Contribution of SMEs to Sustainable Development in Nepal Project Work 10 LHs The final project work is made an essential academic requirement for the fourth year students in all concentration courses. The faculty will give home/field assignment to students to develop/ design/ evaluate/ analyze/ control/ or similar other task related to project in SMEs, and discuss in classroom so that students learn practicum on SMEs.
Suggested Readings:
Hillary, R. (2017). Small and Medium-Sized Enterprise and Business Imperatives, The Environment, Greenleaf Publishing, USA SCHAPER, M.(2011). Entrepreneurship and small business, 3rd Asia Pacific Edition, Wiley India (p) Ltd. Thomson, A. (2016). Small Business, Education, and Management, The Life and Times of John Bolton, Routledge, USA GoV. of Nepal, MoF (2019). Annual Performance Review of Public Enterprises, Kathmandu, Nepal UNCDP Report (2018). Access to Finance of Micro, Small and Medium-Sized Enterprises in Nepal