MGT332 Entrepreneurship and Professional Practice
Entrepreneurship and Professional Practice notes
10 chapter notes, in syllabus order. Each starts with the key points.
Unit 1
Entrepreneurship: Definitions, Types, Traits & MindsetUnit 1 of Entrepreneurship and Professional Practice explores core concepts like entrepreneurship definitions, types (small, medium, large, social), key traits of entrepreneurs, and the entrepreneurial mindset, with real-world examples from Nepali and global startups.7 min readUnit 2
Opportunity Identification: Spotting Gaps, Trends & NeedsUnit 2 of Entrepreneurship and Professional Practice explores how to systematically identify viable business opportunities by analyzing market gaps, technological trends, and unmet customer needs—using frameworks like SWOT, PESTEL, and Porter’s Five Forces, with real-world Nepali/global case studies.14 min readUnit 3
Business Plan: Structure, Content & Real-World ApplicationUnit 3 of Entrepreneurship and Professional Practice covers the purpose, components, and preparation of a business plan, including financial projections, marketing strategies, and risk analysis. Learn how to structure a plan for startups (e.g., Daraz, Pathao) and government-backed ventures (e.g., NTC projects), with te14 min readUnit 4
Startup Financing: Sources, Models & ValuationUnit 4 of Entrepreneurship and Professional Practice explores how startups secure funding—bootstrapping, venture capital, loans, and crowdfunding—with real-world examples from Nepal (eSewa, Daraz) and global tech (WhatsApp, Google). Learn valuation methods, financial models, and ethical considerations in funding decisi11 min readUnit 5
Legal Frameworks, Compliance & Business Registration in NepalUnit 5 of Entrepreneurship and Professional Practice covers Nepal’s business laws, registration procedures (Company Act, Partnership Act, Sole Proprietorship), tax obligations (VAT, Income Tax), labor laws (Social Security Fund), and compliance requirements for engineers under the Nepal Engineering Council Act—with rea12 min readUnit 6
Engineering Ethics: Roles, Codes, Liabilities & ProfessionalismUnit 6 of Entrepreneurship and Professional Practice explores the ethical obligations of engineers, the Nepal Engineering Council (NEC) Act, professional liability, and the global standards governing engineering practice—with real-world cases from Nepal and beyond.16 min readUnit 7
Nepal Engineering Council Act: Registration, Ethics & Professional LiabilityUnit 7 of Entrepreneurship and Professional Practice explores the Nepal Engineering Council Act 2022, its scope, registration process, ethical obligations, and disciplinary mechanisms for engineers in Nepal, with real-world applications in tech startups and infrastructure projects.13 min readUnit 8
Intellectual Property: Types, Protection & Engineering EthicsUnit 8 of Entrepreneurship and Professional Practice explores intellectual property (IP) rights—patents, copyrights, trademarks, and trade secrets—how they protect innovations, legal frameworks in Nepal, and their role in engineering ethics and professional liability.16 min readUnit 9
Contracts & Tendering: Types, Clauses, Tendering Process & Legal RisksUnit 9 of Entrepreneurship and Professional Practice explores the legal framework of contracts and tendering in Nepal, covering definitions, key clauses, tendering processes (ITB, RFP, RFQ), legal risks, and real-world applications in engineering projects, government procurement, and private sector deals.13 min readUnit 10
Professional Practice & Liability: Ethics, Contracts & Engineer’s ResponsibilityUnit 10 of Entrepreneurship and Professional Practice explores the legal, ethical, and professional obligations of engineers in Nepal, covering liability, contracts, tendering processes, and real-world case studies like NEPSE’s compliance failures and Daraz’s vendor disputes.12 min read