LGLS 1901 Lecture 4: 09/08/16

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Shareholder: holder of stock (holder of equity) equity meaning you have a legal interest (are a part owner) of a company. Stakeholder: anyone affected by a decision by a company. Shareholders are stakeholders but stakeholders are not shareholders. Discussion: talk about the issue, pros and cons, best interest, profit maximization, etc. Decision: collectively yes or no, talking about the actions. American companies must be trained in cross-cultural business practices. Attitude of top management: the top sets the tone. Behavior of owners and managers shows where the company"s" priorities are. What may be normal in one country may be abnormal in another. We must be sensitive to other countries" views and practices. However also be aware of what the federal government requires (bribery may be allowed in other countries but it isn"t in the us so be aware of the differences) You don"t want to offend a business from another company before you even talk to them (do research beforehand)

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