#NordicTalk - Can the Nordic Model for Business Management be of inspiration to Nepal?

How can Nepal learn from the Nordic model of business management? What does participatory leadership and inclusive decision-making look like in practice? How can we strengthen the trust and constructive dialogue between managers, employees and the government? These were some of the questions raised at the latest Nordic Talk platform on Business Management at the Hotel Himlaya this week.

The panel, consisting of Ambassador Kjell Tormod Pettersen, Tima Iyer Utne (Statkraft), Ashutosh Tiwari (Sherpa Adventure Gear), Barsha Shestra (Clean Energy Development Bank) and Ramesh Badal (GEFONT) shared ideas and experiences from their respective fields.

Thank you to everyone who participated in the dialogues, and to our partner LEAD for organizing!

The three Nordic Embassies, Finland, Denmark and Norway, initiated the Nordic Talks concept 2 years ago in an effort to introduce knowledge about the Nordic Model as a possible reference for development in Nepal.

The Nordic Model is a term coined to capture the unique combination of free-market economy and social benefits that provides high quality services. The Nordic model is based on the clear perception that the most important capital of any country is its citizens. A key word for understanding the Nordic model is trust. We have a high degree of trust in the state system and in public institutions. One consequence of this is that people accept a very high tax level to finance universal benefits and to solve challenges collectively. Another trade mark is gender equality and high level of parental engagement by men.

Another key element is transparency and accountability. Not only as principles for politicians and public officials, but also important for the private sector. Both Nepal and Norway are blessed with natural resources, giving us good opportunities for development, e.g hydro energy and tourism. These sources of income, employment and well-being for many people, will not be developed to its full potential unless we create a society that attracts private investments. 

Nordic history has not always been like that; the biggest achievements have been in the last 60 years, starting when Nordic countries were largely agrarian and among the poorest in Europe. A social and economic change was needed. Today the Nordic Model is characterized by democracy and good governance and an advanced welfare system and relative social equality.

Here are some suggestions for further reading if the Nordic model sparked your interest!

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