Corporate Meetings
February 12, 2025
The reinsurance market is very competitive market. After the increase in globalization and privatization, companies from all across the world are now allowed to compete in the reinsurance business in most parts of the world. In most cases, this generally means that the reinsurer is spoilt for choice. Nowadays, most cedant insurers receive several quotations […]
The credit limits concept forms the root of the credit risk management practice at most organizations around the world. Financial, as well as non-financial organizations, use this practice since it has been recommended by the Bank of International Settlements in its Basel Accord. In reality, a lot of time, money, and resources are spent in […]
The Forces of Chaos The business landscape of the 21st Century is characterized by increasing complexity, disorder, intense competition, hyper speed pace of change, and above all, a 24/7 “always on” culture. This means that chaos is inevitable in such a landscape because of the confluence of all these factors. Therefore, managers and leaders cannot […]
There are a lot of communication barriers faced these days by all. The message intended by the sender is not understood by the receiver in the same terms and sense and thus communication breakdown occurs. It is essential to deal and cope up with these communication barriers so as to ensure smooth and effective communication. […]
Work Politics in certain cases can also develop inner skills of an individual. Let us find out how office politics sometimes can also help individuals hone their skills: An individual indulges in politics when he is not secure about his job. He tries his level best to tarnish the reputation of his fellow worker and […]
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.
Your email address will not be published. Required fields are marked *