Author: Reese Bannister

Every business and organization has its stakeholders. These stakeholders are individuals or groups of persons who have some interest or stake in the business and generally work for the success of the organization or business. Image Source: thepeakbcdotcom.files.wordpress.com1. Owners: The owners of any business are the first set of stakeholders. They contribute capital or equity and have a say in the running of the business. They may be a few as in the case of a partnership, or very large in number, as in the case of a joint stock company. ADVERTISEMENTS: Persons having a share in the equity of a company are known as shareholders. Owners expect the business to run smoothly and efficiently and yield good return on equity. Such shareholders would be different from the company, which…

Obviously, given the wide cultural differences, no business communicator can have prior intimate knowledge of people with different cultural backgrounds. Nevertheless, the positive aspect of this is that today with globalization, mobility of people, presence of MNCs across countries and more specifically, the vast coverage of print, electronic and internet media, any required information of any cultural group or country can be easily accessed. Image Source: oht-webcontent.s3.amazonaws.comThe literature brought out by the trade and export federations, embassies and channels like Discovery and Travel & Living regularly feature programs that provide valuable insights into the physical and cultural aspects of various countries across the globe. ADVERTISEMENTS: These apart, there are people who have already visited those countries or interacted with those people and are familiar with their cultural aspects and can…