Corporate Meetings
February 12, 2025
The pricing of reinsurance policies i.e. the calculation of reinsurance premiums is a very complicated topic. The process is quite detailed and involves deep statistical analysis of huge volumes of data. The quality and quantity of this statistical data are very important for the reinsurers to ensure that they have determined the correct premium. Incomplete […]
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 […]
In the previous article, we have already seen how reinsurance policies are generally priced and what factors are taken into account while pricing them. There are certain specific methods and approaches which have been used by reinsurance companies across the globe for many years. These methods or approaches have now become a standard that is […]
Structured finance products have proliferated the financial markets. There are several derivative products that have been created with the sole intention of helping a company transfer its credit risk onto another company or group of investors who are willing to assume this risk. The most well-known and common structured finance product which enables companies to […]
Etiquette refers to good manners which help an individual find his place in the society. It is essential for an individual to behave in a certain way for others to respect and appreciate him. Etiquette refers to a set of rules individuals need to follow to be accepted in the society. One must understand the […]
Communication is neither the transmission of a message nor the message itself. It is the mutual exchange of understanding, originating with the receiver. Communication needs to be effective in business. Communication is the essence of management. The basic functions of management (Planning, Organizing, Staffing, Directing and Controlling) cannot be performed well without effective communication. Business communication involves constant flow of information. Feedback is integral part of business communication. Organizations these days are verly large and involve large number of people. There are various levels of hierarchy in an organization. Greater the number of levels, the more difficult is the job of managing the organization. Communication here plays a very important role in process of directing and controlling the people in the oragnization. Immediate feedback can be obtained and misunderstandings if any can be avoided. There should be effective communication between superiors and subordinated in an organization, between organization and society at large (for example between management and trade unions). It is essential for success and growth of an organization. Communication gaps should not occur in any organization. |
Business Communication is goal oriented. The rules, regulations and policies of a company have to be communicated to people within and outside the organization. Business Communication is regulated by certain rules and norms. In early times, business communication was limited to paper-work, telephone calls etc. But now with advent of technology, we have cell phones, video conferencing, emails, satellite communication to support business communication. Effective business communication helps in building goodwill of an organization.
Business Communication can be of two types:
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