Corporate Meetings
February 12, 2025
In order to manage any type of risk, it becomes important to measure it. Now, credit risks manifest in different forms within an organization and within its environment. It is for this reason, it is important to know that there is no direct way to measure credit risk. Instead, any organization has to look at […]
Leaders are Made and Need to Have Three Key Characteristics The cliche that leaders are made and not born signifies the fact that leadership and exceptional leadership at that can be within reach of anyone provided they do the steps needed for effective leadership right. To start with, leaders need a vision, which they can […]
Various self-motivation techniques are practiced by leaders for ensuring achievement of the pre-defined objectives. Self-motivated leaders evolve and improve continuously, learn from their mistakes and are flexible enough in working upon their areas of development. Let’s find out below, some of the crucial benefits which leaders can derive by practicing self-motivation techniques at work: Leaders […]
Managers in contemporary organizations are confronted with uncertainty and ambiguity in their everyday lives. Not only do they have to contend with rapidly changing trends and fluid situations, the data they get from the ground or from market research becomes redundant with no time. This has given rise to confusion and chaos in the way […]
There are several organizations in the world that follow their very own risk management practices. However, there are some practices that are better than others. An international body has been formed to collate and codify such risk management practices. This international body is called the International Risk Governance Committee (IRGC). The International Risk Governance Committee […]
Communication is a process of exchanging verbal and non verbal messages. It is a continuous process. Pre-requisite of communication is a message. This message must be conveyed through some medium to the recipient. It is essential that this message must be understood by the recipient in same terms as intended by the sender. He must respond within a time frame. Thus, communication is a two way process and is incomplete without a feedback from the recipient to the sender on how well the message is understood by him.
The main components of communication process are as follows:
Sender may be an individual or a group or an organization. The views, background, approach, skills, competencies, and knowledge of the sender have a great impact on the message. The verbal and non verbal symbols chosen are essential in ascertaining interpretation of the message by the recipient in the same terms as intended by the sender.
The choice of appropriate medium of communication is essential for making the message effective and correctly interpreted by the recipient. This choice of communication medium varies depending upon the features of communication.
For instance - Written medium is chosen when a message has to be conveyed to a small group of people, while an oral medium is chosen when spontaneous feedback is required from the recipient as misunderstandings are cleared then and there.
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