Communication in Business

Why is effective communication key to success in business?

It is essential for planning, hiring, training, motivating, coordinating, persuading customers, and managing transactions.

What can happen if entrepreneurs lack basic communication skills?

They may become estranged from teams, turn off partners, and lose deals.

What is the difference between business communication and organizational communication?

Business communication refers to how people communicate, while organizational communication deals with whom to communicate.

What are the main components necessary for success in business communication as per Custodio et. al.?

Understanding requirements of good communication, developing skills, and understanding channels.

What is the nature of communication in business?

It is a two-way process of sending and receiving messages.

What mediums are commonly used in business communication?

Paper, pen, typewriter, or a computer.

What defines an organization according to Rosales et. al.?

A group of people committed to a common goal, ready to share information and resources.

What are the basic functions of organizational writing?

To inform, to promote goodwill, or to persuade.

What are the two basic channels of communication in an organization?

Formal and informal channels.

How does the formal communication channel function?

It follows a structured pattern as represented in an organizational chart.

What characterizes the informal communication channel?

It is unstructured and often referred to as the grapevine, conveying more information like rumors.

How does communication contribute to business transactions?

It gives life and clarity to transactions.

What issues arise from ineffective communication skills in organizations?

Problems can become perpetuated through the organization.

What is the communication process in business?

A process that involves sending and receiving messages.

Why is knowledge of effective communication essential for entrepreneurs?

It helps in preventing estrangement from teams and loss of deals.

What role does communication play in coordinating manufacturing and delivery?

It ensures that all functions are connected and organized.

What can be a consequence of relying on informal communication within an organization?

It can lead to misinformation and the spread of rumors.

Why is understanding channels of communication important for career success?

It facilitates effective interaction and information flow within the organization.

What key skills do entrepreneurs need regarding communication?

Basic communication skills to effectively lead and manage teams.

In what ways can communication be made tangible to the receiver?

By using written mediums like paper, electronic documents, or presentations.