Friday, November 8, 2019

Shaping agile governance

The Global Shapers Community Kathmandu Hub today – hosting their third Shape Talk event – discussed Agile Governance, especially in the context of emerging businesses.
With some 130 participants, the moderator Princi Koirala, on the occasion, started the session with a question, ‘what is agile?’
Agile, while a term used in technology, is unused in other businesses. “We are in an era where the father knows best, the entrepreneur knows best, doesn't work anymore,” the founder and managing director of Safal Partners Ashutosh Tiwari said, on his definition of ‘agile’, said that it's better to think ‘I know a little bit’, now let the system teach me. “What I would like to propose is regulation for public welfare,” Tiwari said, asking a question, “has a company added to the public welfare of the society? Pathao, Tootle, Foodmandu for example?”
Likewise, founder of Karkhana – an education company encouraging hands on learning – Sakar Pudasaini, on the occasion, said that agile means shorter and shorter sessions of planning. “When building software, there's a lot of deviation outside the plan, so developers thought how about we plan for even shorter sessions,” he said, adding that this is ‘agile’ across different industry.
Starting your own business requires capital, a fact that is very important and must not be undermined, said Tiwari, who also recommended that people not quit their jobs unless they had tested their ideas.
As the recent advances in technology have the potential to fundamentally redefine modern life by giving rise to new business models and industries, the panel discussed both challenges and opportunities for emerging businesses.
“I think finding alternatives in local products like jute, could not only help the environment but also reduce the trade deficit that we have,” said chief executive of Himalayan Climate Initiative (HCI) Shilshila Acharya, said in the context of starting new businesses. “However, startups aren’t easy and may require a lot of sleepless nights and turmoil,” he shared his experience with Karkhana.
“The number one reason that companies fail in Nepal is because of working capital management,” said investment director of Dolma Impact Fund Shabda Gyawali. “Cash conversion is slow in Nepal.”
The panel ended with a question on what steps the government could take immediately. Panelists agreed that the government could better implement policies in place instead of creating more policies, many that can be conflicting. “I would like the government to increase the trust between the private sector and the government,” said Gyawali.

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