Kfc in Nepal Essay

3352 Words Mar 7th, 2011 14 Pages
KFC in Nepal

“KFC Corporation, based in Louisville, Kentucky, is the world’s most popular chicken restaurant chain, specializing in Original Recipe, and Colonel’s Crispy Strips® chicken with home style sides and new freshly made sandwiches.” Everyday nearly, KFC serves eight million people in the world with the same old crispy crunchy recipe Sander developed more than half century ago. With their old recipe they are moving ahead in more than 300 countries serving their mouth watering dishes. The mission statement of “to be leader in western style through serving quality food, friendly service and clean atmosphere” has led KFC to grow their industry in the foreign market. So KFC has to standby to prove them to be number 1 in the market.
…show more content…
“Apart from agriculture, Livestock rising is the second largest economy of Nepal, oxen predominates in the lower valleys, yaks in the higher, and sheep, goats, and poultry are the major source of economy in the country.”

“According to the Doing Business Report, Nepal is ranked 55th in position which indicated the ease of doing business in the country.” But Nepal’s economy is characterized by a combination of rapid population growth and inadequate economic growth that has led to country in the severe poverty all over. The state continues to hamper private-sector development, and political instability weakens the country’s ability to implement economic reform or create a stable environment for development. Even though Nepal’s trades are having some positive effect, the average tariff rate remains high. “Foreign investments must be approved or face licensing requirements”. The improper management system, inadequate direction, corruption and a lengthy approval system has blocked much in the growth of the private investment system. Also the judicial systems are very slow which undermine the property right which is vastly affected by corruption and political influence. “Unfortunately for Nepal, the on-going political and security crises have not helped its quest for economic development. One of the poorest nations in the world, Nepal relied heavily on foreign aid and

Related Documents