Nepali companies<\/a> based on the adoption of best practices and investor-friendly business models that have a major impact on business and society in Nepal.<\/p>\nThe awards ceremony began with the interactive panel discussion titled \u201cNepalese companies will be globally competitive by 2022 \u2013 An utopic assumption or a possible reality?\u201d that dwells on the role of business excellence, industry challenges, government policies, among other issues that are key in the global business environment.<\/p>\n
Awards were divided into Silver, Gold and Platinum categories and one of Nepal\u2019s largest trading firms Sipradi Trading Private Limited was honored with the \u2018Super Platinum Award\u2019 for outstanding performance in overall business practices.<\/p>\n
Nepal SBI stood as the first runner-up, followed by Vijay Distillery and Mega Bank Nepal with \u2018Gold Award\u2019, among others.<\/p>\n
Nepali Firms Need Global Standards: CNI<\/h4>\n
Speaking on the side-lines of the awards, CNI President Hari Bhakta Sharma called on the Nepali companies to \u201cadopt internationally-accepted systems to boost efficiency, output, competence and corporate culture to stay relevant in the market\u201d.<\/p>\n
\u201cNepal is heading towards policy stability, leading to steady economic growth and opening up vast investment and expansion opportunities for companies,\u201d he added.<\/p>\n
NBEA Will Enhance Awareness<\/h4>\n
Meanwhile, Nitin Kalothia, Director, Manufacturing & Process Consulting Practice, Frost & Sullivan, said, \u201cThe awards will enhance awareness and accelerate the adoption of global best practices among Nepali companies. This will further improve growth, profitability and competitiveness of the organizations.\u201d<\/p>\n
The awardees were evaluated based on the four core business processes including Business Planning, Strategy Alignment and Deployment, Organization Building, Process Management and the Final Business Result.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nepali companies belonging to various industries have been conferred with the \u20182017 Nepal Business Excellence Awards…<\/span><\/p>\nRead more<\/a><\/div>\n<\/p>\n","protected":false},"author":11,"featured_media":17705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7042,3],"tags":[3603,3613,3604,3614,2943,3610,3611,3617,3616,3608,59,3607,3615,3612,3605,3602,98,3609,3606,1612,3618,177],"yoast_head":"\n
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