What is Modified Coinsurance and How it Works
A reinsurance contract is essentially a contract between a ceding insurance company as well as a reinsurance company. Under plain vanilla reinsurance contracts, the premiums, as well as risks, are transferred proportionately from the ceding insurer to the reinsurance company. In some cases, this arrangement is not acceptable to one or both of the parties. […]
How the Armed Forces Actualize Management Excellence
The Reason why the Military Pioneers Innovations It has often been said that the Military and the Armed Forces in the developed West pioneered many technological and managerial innovations that subsequently helped the corporate sector in those countries. For instance, the Internet was initially a Department of Defense project in the United States that was […]
Proof of Concept
In the previous articles, we have already read about why entrepreneurs require seed funding and how they obtain this seed funding. In most cases, the end result of seed funding is to implement a theoretical product idea on a smaller scale in the real world. There are product management techniques in place which have been […]
Documentation – A Control Mechanism of Supply Chain Logistics
Supply chain operations and network extend beyond domestic boundaries and global boundaries of all countries. A logistical exercise originates at the buyers end and involves multiple agencies including buyer, seller, 3PL freight forwarder, transporters at various juncture, shipping lines, airlines, various governmental agencies, customs departments at various locations and financial institutions like banks to complete […]
Time Management and Planning in Sales Management
Sales management helps in the achievement of sales targets within defined deadlines through effective planning and budgeting. Through effective sales management, individuals generate revenues and earn profits for the organization. It is essential for the sales professionals to understand the value of time. One must fulfill commitments and there should be no turn backs in […]
Before we delve further into understanding the different types of communication models, it is important to deconstruct the basic elements which combine together to form any communication. It is important to understand these elements and their impact on their overall communication process.
The 8 basic elements of communication are as follows:
For example, a message could be sent in a written format. Alternatively, it could be sent in an audio or audiovisual format. Each channel has its own limitations. The same message may have to be constructed differently if it is transmitted by different channels keeping the limitations of channel in mind.
The noise could also refer to the technical issues which are faced during the communication process viz. disturbance in a telephone line.
Feedback is very important since it tells us whether the message has been received and understood by the receiver.
A model is widely used to depict any idea, thought or a concept in a more simpler way through diagrams, pictorial representations etc.
Models go a long way in making the understanding of any concept easy and clear. Through a model one can easily understand a process and draw conclusions from it. In simpler words a model makes the learning simple.
Let us now learn about the various communication models:
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