“From Words to Wealth: How Effective Communication Fuels Business Success in Global Companies”

Abstract

Effective communication drives workplace productivity, particularly in global companies, where multilingual employees work across geographical and cultural borders. Effective communication competencies facilitate smooth functioning, minimize errors, and enhance decision-making, resulting in economic efficiency. This paper explores how formalized communication in the workplace, expressed through verbal, written, and electronic communication, influences MNCs’ productivity and overall business performance. Based on a review of previous research and case studies of global corporations, the research outlines prevailing communication strategies that yield more significant operational efficiency, employee satisfaction, and business performance. Evidence indicates that companies focusing on transparent communication processes, cross-cultural sensitization, and electronic team collaboration tools record more significant levels of productivity, fewer operational bottlenecks, and better economic returns. However, language differences, information overload, and ineffective virtual communication must be addressed to reap maximum benefits.