Corporate Meetings
February 12, 2025
It has been researched that many leaders refrain from showing compassion at their work place. There are multiple reasons due to which they do so, discussing some of these below: Showing compassion would mean agreement with the subordinates: Many people think that being compassionate would mean that they are agreeing with whatever have been done […]
What is negotiation ? Negotiation is defined as a discussion among individuals, each one trying to present his best idea to come to a conclusion benefiting all. An individual gains nothing out of conflict and misunderstanding; instead it leads to stress and anxiety. It is always advisable to compromise to the best extent possible and […]
Every leader has a personal leadership brand which might be carefully cultivated or intuitively perceived by leaders themselves and their followers. A personal leadership brand is an exclusive and a specific approach of a leader to address challenges and manage his/her transactions with their subordinates or followers. The best part of having a leadership brand […]
To deliver an effective presentation or speech, an individual has to take care of his communication and it has to be really impressive and effective. No one will really take the pains to listen to your ideas unless and until your communication is effective and impressive. Only speaking is not the solution, how you deliver […]
Credit default swap is the most commonly known derivative which is based on swaps. However, it is not the only one. There are many types of swaps that are used for managing credit risk. In this article, we will have a look at the total returns swap which is commonly used in credit risk management. […]
Effective Communication is significant for managers in the organizations so as to perform the basic functions of management, i.e., Planning, Organizing, Leading and Controlling.
Communication helps managers to perform their jobs and responsibilities. Communication serves as a foundation for planning.
All the essential information must be communicated to the managers who in-turn must communicate the plans so as to implement them.
Organizing also requires effective communication with others about their job task. Similarly leaders as managers must communicate effectively with their subordinates so as to achieve the team goals.
Controlling is not possible without written and oral communication.
Managers devote a great part of their time in communication. They generally devote approximately 6 hours per day in communicating. They spend great time on face to face or telephonic communication with their superiors, subordinates, colleagues, customers or suppliers.
Managers also use Written Communication in form of letters, reports or memos wherever oral communication is not feasible.
Thus, we can say that “effective communication is a building block of successful organizations”. In other words, communication acts as organizational blood.
The importance of communication in an organization can be summarized as follows:
There are various levels of hierarchy and certain principles and guidelines that employees must follow in an organization. They must comply with organizational policies, perform their job role efficiently and communicate any work problem and grievance to their superiors.
Thus, communication helps in controlling function of management.
An effective and efficient communication system requires managerial proficiency in delivering and receiving messages.
A manager must discover various barriers to communication, analyze the reasons for their occurrence and take preventive steps to avoid those barriers.
Thus, the primary responsibility of a manager is to develop and maintain an effective communication system in the organization.
Your email address will not be published. Required fields are marked *