Corporate Meetings
February 12, 2025
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 […]
Market risk and volatility are two terms that are heard a lot by many risk management professionals. To the layman, the terms may sound like synonyms. This means that the average person tends to think that volatility and risk mean the same thing. However, this is not true. The terms are related and have a […]
The decades starting with the 1990s witnessed the proliferation of a new kind of sector among the various agencies and governmental departments engaged in public service. This sector was the Non-Profit or the NGO (Non Governmental Organizations) that mushroomed all over the world to fill the gap between the governmental agencies and the public. The […]
Scarcity and Abundance We often hear the terms scarcity and abundance mindsets of employees and employers in addition to leaders. These terms are used to refer to the mindset of the individuals who think in constrained or scarcity mindsets as opposed to those who think in terms of abundance. Indeed, even in our daily lives, […]
Introduction to Organizational Communication Organizational communication as a field has grown immensely in scope and depth over the last few decades. Concomitant with the rise of the corporation and the managerial way of doing business, it has become the norm for management theorists to define how, what and why an organization should be the way […]
Effective communication is a part and parcel of any successful organization.
A communication should be free from barriers so as to be effective. Communication is a two way process where the message sent by the sender should be interpreted in the same terms by the recipient.
The characteristics of effective communication are as follows:
Use of jargons should be minimized because it might lead to misunderstanding and misinterpretations. The message should be modified according to the needs and requirements of the targeted audience.
The message is reinforced by using different channels and there are less chances of deformation of message.
The managers can use grapevine to deliver formal messages and for identification of issues which are significant for the employees. The managers can get to know the problems faced by the employees and can work upon it.
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