Analyzing Globalization's Impact on Pokhara Noodles: ISMT, HND 2nd Sem

This business project examines the impact of globalization, particularly within the context of Nepal and a case study of Pokhara Noodles Pvt. Ltd. The project begins with a definition of globalization, its historical processes, and its specific manifestations in Nepal, including both successes and failures. It then delves into the impact of globalization on Pokhara Noodles, covering environmental impacts, responsible sourcing, and free trade agreements. The project outlines the aims and objectives, work breakdown, and a Gantt chart for project management. It also details the research methodology, including qualitative research and data collection methods, along with a comprehensive project management plan encompassing scope, cost, and risk management. The project presents research findings from interviews with Pokhara Noodles management and offers recommendations. The project also includes a performance review, bibliography, interview questions, and a log book. This comprehensive analysis provides valuable insights into the effects of globalization on a local business within a developing nation.

8/29/2019
Managing a Successful Business Project
Bibek Purja Pun
(HND/ Second Semester Sec-A)

Managing a Successful Business Project 2019
ACKNOWLEDGEMENTS
This graduate research project has been prepared for the partial fulfillment of the requirement for the
degree of Bachelor of Business Administration (BBA) under the School International School Of
Management And Technology ( ISMT). I would like to acknowledge all the faculty members and
administrative staffs of the School of International School of Management and Technology (ISMT)
for their support and cooperation during the preparation of this study.
I would like to convey my sincere gratitude to my supervisor Saroj Wagle, Faculty of Management,
without whom this work would not have been possible. I am really grateful for his valuable
suggestions, constructive criticism, motivation and guidance. His encouragement towards the current
topic helped me a lot in this project work, which also created an area of interest for my professional
career ahead.
Last but not the least I would also want to thank my family and friends as they are always supporting
me and encouraging me with their best wishes and suggestions.
Bibek Purja Pun
BBA,
Regular
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Table of Contents
ACKNOWLEDGEMENTS...............................................................................................................2
1. Globalization definition and Historical Process in Global context....................................................5
2. Globalization in Nepal....................................................................................................................7
3. Case of failures...............................................................................................................................8
4. Globalization in Global Perspective...............................................................................................9
 Globalization in Law...................................................................................................................9
 Globalization of culture.......................................................................................................9
 Environment.......................................................................................................................10
 Education...........................................................................................................................10
 Migration...........................................................................................................................10
 Technology........................................................................................................................10
 Trade and Organization.....................................................................................................11
5. Literature review..........................................................................................................................11
5. Impact of Globalization in Pokhara Noodles Pvt. Ltd.................................................................12
 Environmental impact........................................................................................................12
 Responsible Sourcing........................................................................................................13
 Free trades agreements.......................................................................................................13
7. Pokhara Noodles Pvt. Ltd.............................................................................................................13
8. Introducing Aims and Objective of the project............................................................................14 Aims...................................................................................................................................14 Objectives..........................................................................................................................14
9. Work break down process............................................................................................................14
10. Gantt chart of the project............................................................................................................16
11. Research methodology and data analysis..................................................................................16
 Background about research methodology..........................................................................16
 Research method (Qualitative Research)...........................................................................16
 Method of data collections.................................................................................................17
Bibek Purja Pun ((HND/ Second Semester Sec-A)

Managing a Successful Business Project 2019
12. Project Management Plan..............................................................................................................17
Project scope.....................................................................................................................................17
12.1. Project Cost.........................................................................................................................18
12.2. Risk management plan........................................................................................................19
12.3. Project Communication Plan...............................................................................................22
13. Research and findings and Recommendation.............................................................................24
13.1 Interview research of the Pokhara Noodles Pvt. Ltd. Manager...........................................24
13.2. Recommendations...................................................................................................................25
14. Performance review....................................................................................................................25
15. Bibliography...................................................................................................................................27
16. Questions for business project interview....................................................................................29
17. Log Book........................................................................................................................................30
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1. Globalization definition and Historical Process in Global context
In simple word globalization involves doing international trade freely. This means integration of the
national economy with the world economy. Globalization implies a free flow of information, ideas,
technology, goods and services, capital and even people across different countries and societies. So,
globalization is a means to connect different markets in the form of trade, investments and cultural
exchange in between different countries.
So, globalization is a cultural phenomenon. It’s reflected in contemporary network and population
migrating and linguistic changes. The world today, as symbolized by our international felt mélange,
experiences widespread global economic interdependence and the accompanying cultural borrowing
are nothing new. You will know that we found documents from the Indus Valley Civilization all
the way in Mesopotamia. Few reasons, the scale of this trade has increased dramatically:
 Multinational Corporations have global reach and increasing power.
 Travel and shipping are cheap and safe. (At past it took about two months to cross the
Atlantic in 1800. Today it takes about five hours by plane and less than a week by ship.)
 Governments have decreased tariffs and regulations on international trade, leading to what is
sometimes called euphemistically “free trade”. To which I say, if this so free trade. Due to
free trade, we are also getting to use all kind of thing.
To understand the role that governments play in international trade. For example most t-shirts made
in the world, contains 100% American cotton. That is why, because the U.S. makes the best cotton or
the most efficient cotton and it is also because the U.S. government subsidizes cotton production.
And that’s what makes this cotton cheaper than cotton of similar quality from Brazil or India. But in
the last 30 years, the U.S.’s share of cotton exports has gone down as Brazil, India, and Africa’s
cotton exports go up. And that trend will likely continue as the U.S. moves away from its expensive
cotton subsidies. In fact, these days it’s already possible to find t-shirts with Brazilian, Indian or
Ugandan cotton, or a mixture of cottons from all around the world. S0, because the American
government doesn’t subsidize industry in the way it does agricultural production, the actual spinning
and weaving of the cotton takes place in lower wage countries: Mexico, Vietnam, China, India etc.
And finalized shirts, called blanks, are usually sent to Europe or the U.S. for screen printing, and
then sold. The expensive part of this process is the part where they ship this across the Pacific Ocean,
turn it into this, and then ship it back across the Pacific Ocean, turn it into ships and then ship it back
across the Pacific Ocean. But this is wrong. Wholesale t-shirt blanks can cost as little as 3 dollars: the
expensive is in the printing, the retail side of things, and paying the designer etc.
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Managing a Successful Business Project 2019
Globalization is not a new concept. Although our understanding of it has certainly changed over the
years. Globalization refers to an integration and coming together of different parts of the world. A
globalized world is a connected world. Phrases like global village, networked society, post-industrial
society, age of the information revolution are often used to make sense of the world under
Globalization. The revolution of globalization can be grasped better by making a distinction between
the phenomenon and the discourse. This involves raising two different questions. 1. Which concrete
set of developments does Globalization refer to? 2. How old is it?
In other words, what is the history, or rather pre-history of the phenomenon? Called globalization. It
would be safe to say that the term began to use in the sense resembling its current usage since the
1930s. However, its usage has gained currency during the closing decades of the 20th and the early
decades of the 21st century.
In general, globalization means a world that is integrated and interconnected in complex and
contradictory ways: a world of new networks and institutions which have caster shadow on the flow
of goods, services, ideas, technologies, cultural forms, and peoples lives in general, cutting across
national boundaries. The new technological breakthroughs have created satellite communication
system, the internet, and global networks. These have created new connectivity and have affected
virtually every facet of human life. When exactly did such a world start emerging and taking shape?
Well it may be necessary to comment on the temporal dimension of Globalization by making a
distinction between the actual occurrence of the phenomenon and its history or pre-history. It would
be fairly uncondensed to say that the modern industrial; economy, or in other words capitalism,
reached a definite, qualitatively different stage, during the post-world war period and started
throwing up powerful systems both cultural and political that can be grouped together under the
rubric of Globalization. Since the stages of industrialism cannot be separated so nearly, it would be
possible to see the cluster of institution associated with Globalization, in the early period also. “The
question does arises”. How far back can one take the history of Globalization? The story of the
integration of the world can be seen as consisting of three different stages. Well the first major
integration of the world occurred during the end of the 16th century when the discovery of America
by Columbus and the discovery of a new sea route to the east by Vasco da Gama at the southern tip
of Africa, connected different parts of the world together. This two discoveries initiated an
unprecedented process of global trade that connected continents of America, Europe, Asia, Africa
and Austria. The global trade was also a companion by the great migration of people across the
continents. 13 millions slaves from Africa were forcibly brought and settled in America. This
development altered the ethnic profile of the world. The extent of integration that happened during
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this phase can be understood by the example of sugar. Around the 17th and 18th centuries sugar
started being manufactured in the Americans at the initiative of the Europeans with the help of slave
labor acquired from the African cost and added to coffee obtained from western areas and from
eastern Asia to be ultimately consumed by the aristocracy in a row. The accident of integration and
connectivity achieved during the 16 to 18 centuries was truly unprecedented and it was driven
primarily by trade. The second stage of integration began towards the end of 18th century.
(Vanham, 2019)
2. Globalization in Nepal
Nepal formally adopted the policy of liberalization, privatization and globalization after the
rebuilding of multiparty vote based system in the mid-1990s as the trailblazer of globalization in the
South Asian area. The increase of Nepal to the WTO in 2004 quickened the procedure of
globalization. Be that as it may, in the previous two decades or something like that, Nepal has faced
a couple of examples of overcoming adversity just as instances of disappointment and lost desires,
which plainly feature the need to evaluate the entire procedure of globalization.
Nepal has increased some advantages and openings from globalization, however in little zones and
place. As monetary reports expose, the per capita GNI expanded from $185 in 1990 to $721 in 2015
and the size of the GDP has extended complex from that point forward. Besides, the degree of total
penury has diminished from 49 percent to 23.8 percent during that period. In spite of the fact that
numerous elements might be dependable behind the authentic change of Nepali economy, it is
sensible to break down this phenomenon versus globalization.
To begin with, globalization has enormously added to the modernization of the Nepali economy.
Nepal has been changed into an open and administration based economy by bringing down the
portion of farming in the GDP to 33%. Second, Nepal has extended its market to the worldwide
level. Therefore, the nation's absolute fares have been expanding, however step by step, and the
exchange with the outside world has been broadened somewhat.
Third, Nepal has seen expanded inflow of FDI. Various worldwide organizations, for example,
Standard Chartered, Ncell and UniLever are working in the nation. The FDI in the field of ICT, the
travel industry, instruction and budgetary segments is critical, which has encouraged the exchange of
present day innovation and improved the equalization of installments of the nation.
Fourth, the buyers have profited by method for expanded quality at less expensive cost because of
worldwide challenge. A wide scope of worldwide brands, for example, iPhone, Samsung, KFC,
JohnPlayers, Facebook, Youtube include come inside simple reach of Nepali clients. Fifth,
globalization has given access to worldwide money related organizations, for example, the World
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Managing a Successful Business Project 2019
Bank, IMF, and the Asian Development Bank, which has encouraged the nation's improvement
endeavors by more noteworthy volume of remote help.
Sixth, globalization opened up the universal labour market to Nepali laborers. The portion of
settlement has come to almost 30% of GDP which has diminished joblessness and neediness, as it
were, just as salvage the economy in the hardest of times. At last, globalization has advanced socio-
social change of the nation through social trade, the travel industry exercises and extension of
learning. Furthermore, it has raised worries over natural issues of the day, for example,
environmental change, an unnatural weather change, and contaminations of different structures.
3. Case of failures
Nepal walked on the way of globalization with much enthusiasm and desires at the start. Throughout
the decades, be that as it may, the nation has increased close to nothing, and the desires have horribly
transformed into disillusionments for the most part because of its own chances.
To begin with, the supplementary difference in the economy in the consequence of globalization has
caused imbalanced improvement, energizing extending pay disparity and placing confidence into
inquiry. Second, the liberal trade policy has finished the period of exchange concessions, settling
numerous SMEs. In addition, the long standing travel issue and the ongoing obstruct by India have
unmistakably damaged the crucial guideline of globalization, which calls with the expectation of
complimentary development of products and ventures.
Third, globalization has disturbed the privatization drive in the nation, making substantial
misfortunes the national coffer. This has brought about strength of the MNCs and capital flight.
Heedless privatization has intensified off social welfare because of mishaps in open merchandise
conveyance. Fourth, globalization has expanded the import of buyer things, raising feelings of
trepidation of dumping of low quality products in the nation. In addition, it has pushed up the
exchange shortage every year at such a disturbing rate, that the all out fares of the nation can't
purchase even a solitary thing - oil based commodities.
Fifth, as globalization took movement, Nepal gradually dove into help reliance. This has put
unreasonable weight of the benefactors on improvement endeavors, and the self-governance of the
economy is in risk. 6th, rising remote work has set off a mind channel of the dynamic work power of
the nation, which has offered ascend to the settlement economy. Be that as it may, questions are still
there over the maintainability of the present inflow of settlements.
At long last, globalization has actuated Westernization, disintegrating the neighborhood approvals,
culture and character. Moreover, development of composed violations, for example, human dealing,
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digital wrongdoings, tax evasion, fake money, and misrepresentation, prostitution and developing
ecological degradation are the symptoms of globalization.
In brief, the following are the major areas to be considered:
 Formulating strategies and projects with long term vision to develop the essential framework
to regulate the structural changes in the economy.
 Concentrating on Trade expansion and product differentiation, upgrading limit and
competition of local organizations by distinguishing specific zones of similar preferred
position to receive most extreme rewards from the worldwide market.
 Presenting government managed savings plans and Corporate Social Responsibility to raise
social welfare and Special Economic Zones and monetary tact to pull in more FDI.
 Advancing neighborhood items and setting up a system to control nature of merchandise in
the market to avert the dumping of products in the economy.
 Organizing the key territories of outside help and reinforcing the assimilation limit through
great administration.
 Granting professional training to sharpen the abilities of workers to take into account the
requests of the national and worldwide market, making a strategy to channelize the settlement
to profitable divisions and making work agreements with different nations through
preference.
 Strengthening the limit of the security offices to check social violations, raising urban
mindfulness and concentrating on Sustainable Development Goals and exacting law
authorization to protect bio-diversity, and framer rights.
(Khanal, 2000)
4. Globalization in Global Perspective
Globalization in global perspective can be defined by the following aspects:
 Globalization in Law
Law has traditionally been the region of the country express, whose courts and police maintain legal
standards. On the other hand, universal law has been nearly weak effective enforcement powers. But,
globalization is changing the shapes of law and making new worldwide lawful foundations and
standards. The International Criminal Court guarantees to bring to justice accursed public effective
enforcement powers dependent on criminal worldwide criime code, while between legislative
collaboration progressively brings to preliminary probably the most international criminals.
Bibek Purja Pun ((HND/ Second Semester Sec-A)

Managing a Successful Business Project 2019
 Globalization of culture
Innovation has presently made the plausibility and indeed the probability of a worldwide culture. The
Web, fax machines, satellites, and cable TV are clearing absent social boundaries. Worldwide
amusement companies shape the recognitions and dreams of standard citizens, wherever they live.
This spread of values, standards, and culture tends to advance Western beliefs of capitalism.
 Environment
A huge number of people slipped on Seattle, Washington, in December 1999 to contradict a World
Trade Organization (WTO) get together of trade clerics from 130 countries around the globe that was
hoping to dispatch a cutting edge, multi-year set of trade progression plans. Despite the way that the
shrimp minute blacklist was intending to guarantee the earth, a large portion of the impacted imports
were from Southeast Asian countries that probably won't deal with the turtle bar devices.
 Education
Globalization has made the requirement for overall residents that have a sharp awareness of the
political, monetary, social, and regular worries within recent memory Our inter-connected world
demands that we not only have an understanding of our country, but an understanding of nations,
cultures, languages, and religions around the globe. Quick degrees of progress in development have
made for critical perspective moves in almost each field, to such an extent that keeping the upper
hand in a globalized economy by and by requires going past traditional methods of guidance that
make an accomplished, arranged, and induced workforce.
 Migration
Increasing flows of merchandise and capital are the drivers of globalization, made conceivable by the
slow bringing down of boundaries to their development over borders. With respect to the stream of
individuals, be that as it may, comparative deregulation patterns are being firmly resisted.
As verified by the World Bank in its report, "Globalization, Growth, and Poverty," while nations
have tried to advance incorporated markets through progression of exchange and venture, they have
generally opposed changing movement approaches. Numerous nations have broad lawful boundaries
keeping outsiders from entering for motivations behind looking for work or residency.
 Technology
Current ongoing advances in our capacity to impart and process data in computerized structure a
progression of improvements some of the time portrayed as an "IT revolution” is reshaping the
economies and social orders of numerous nations around the globe.
Information Innovation (IT) may be a driving factor within the process of globalization. Changes
within the early 1990s in computer equipment, program, and broadcast communications significantly
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expanded people’s capacity to get to data and financial potential. These advances have encouraged
effectiveness gains in all areas of the economy.
 Trade and Organization
The huge development of worldwide exchange over the past a few decades has been both a essential
cause and impact of globalization. In spite of the fact that expanded universal exchange has impelled
huge financial development over the globe —- raising livelihoods, making occupations, decreasing
costs, and expanding workers’ gaining control — trade can also bring almost financial, political, and
social disruption.
Since the worldwide economy is so interconnected, when enormous economies endure retreats, the
impacts are searched the world. At the point when exchange diminishes, occupations and
organizations are lost. Similarly that globalization can be a shelter for global trade; it can likewise
have a devastating effect.
(assignmentpoint, n.d.)
5. Literature review
The twenty-first century saw expanding development of political interests with respect to instruction,
particularly in the propelled world. The possibility of the globalized economy as among the most
significant factors prompting the globalization of instruction, there is a huge for countries to prepare
their energetic people for compelling contribution in these globalized markets. Nations trying to
build and make aptitudes based economies directly affect training and school educational plans as
pioneers endeavor to furnish students with the capacities and capacities important to prevail in the
worldwide economy. Nations wishing to make monetary commitment in such fields would thus be
able to view alterations in training programs as a medium-to long haul approach for powerful
investment in these enterprises.
(Lazzari, 2018)
Strategies for globalization are firmly connected to competitively. The advancement of residential
intensity in a worldwide economy is becoming in accordance with the overall plan, putting this
hypothetical view in an extraordinary spot to assess present improvements. In any case, the school
has fail to center onto this favorable circumstances as a result of its emphasis on chronicled
improvement sooner rather than later. It asserts that the improvement of this overall plan has
prompted current nations, which incorporate Third World countries, each discovering its similar spot
in the overall progressive system.
(NORUZI, 2010)
Bibek Purja Pun ((HND/ Second Semester Sec-A)

Managing a Successful Business Project 2019
Globalization implies the steady joining of nations and networks controlled by crisp systems, new
monetary relations and a wide assortment of entertainers, including governments, worldwide
associations, organization, work and common society. Some writing writers proposed separate
among specific parts of globalization (for example upgraded unhindered commerce) and parallel
patterns (for example mechanical enhancements) ; others guaranteed that it is unimaginable to expect
to separate interrelated procedures. Presently, there is wide understanding that different arrangements
answers are required to make globalization increasingly manageable and equivalent and produce
what working people and their relatives satisfy anyplace else: a great work environment, security and
a job in the basic leadership framework. Notwithstanding, there is little concession to an exact nature
of such remedial activities.
(HOEVEN, n.d.)
Globalization implies the steady joining of nations and networks controlled by crisp systems, new
monetary relations and a wide assortment of entertainers, including governments, worldwide
associations, organization, work and common society. Some writing writers proposed separate
among specific parts of globalization (for example upgraded unhindered commerce) and parallel
patterns (for example mechanical enhancements) ; others guaranteed that it is unimaginable to expect
to separate interrelated procedures. Presently, there is wide understanding that different arrangements
answers are required to make globalization increasingly manageable and equivalent and produce
what working people and their relatives satisfy anyplace else: a great work environment, security and
a job in the basic leadership framework. Notwithstanding, there is little concession to an exact nature
of such remedial activities. (Anon., 2010)
5. Impact of Globalization in Pokhara Noodles Pvt. Ltd.
Globalization has impacted in the various factors in Pokhara Noodles Pvt. Ltd. To cover these factors
I have categorized them into following 3 points:
 Environmental impact
As with free trade understandings, international arrangements have been drawn up to connect
countries together to address pollution, asset consumption and climate change. The best worldwide
companies don’t see natural assurance as a administrative burden. Rather, they utilize this as an
opportunity to continuously move forward their forms. Likewise, Penguin Aqua Mineral Company
has also involved the following things:
 Updating machinery and gear at whatever point conceivable to be more effective whereas
making a littler carbon footprint
 Streamlining strategies to decrease waste and extra or dreary work
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