Chapter 7- Management Skill Of Communication Flashcards
What is formal communication?
Pass through the approved channels of communications.
- What are communications?
The transfer of information between people.
What is informal communication?
The informal network of communications that exists within every organisation and industry.
- Why is communication important in business?
Communication between internal stakeholders:
To employees?
Must be able to communicate with managers to ensure the correct work is done, on time and to the correct quality standard.
To managers?
Must be able to communicate relevant information with each other to ensure that they had all the information they need to make good decisions.
To investors?
Must be supplied with accurate information about the financial performance of the business.
Communication with external stakeholders:
To customers?
Should be kept informed of new product developments, especially if problems arise that will affect customer satisfaction.
To suppliers?
Need to be kept informed of the firms supply needs.
To government?
Businesses need to communicate with government agencies when applying for grants, lobbying for changes in the law or reporting breaches of the law.
To society?
The reputation of every business with the general public is very important as it affects the firms ability to recruit staff, win customers and avoid conflict with vested interest groups.
- What are the methods of communication used by businesses?
What is communications medium?
The actual method used to send the message or data.
What are external communications?
Used to communicate with people outside of the business, such as customers, suppliers, investors, government and the general public.
What are internal communications?
Used to communicate between staff in the same business.
What are communication channels?
The routes in an organisation through which information flows between people. They can be upward, downward, horizontal, formal or informal.
What are upward communications?
Refer to staff reporting up the chain of comment to their supervisors and managers.
What are downward communications?
Messages sent down the chain of command from managers to their subordinates.
What are horizontal communications?
Travel between people of the same rank and authority in the chain of command.
What are the types of business communications?
Verbal Written Visual Electronic Physical.
- What are meetings?
Occur when two or more people get together to communicate with each other.
Why are business meetings held?
Provide information and pass in instructions to staff
Discuss an issue and share views and ideas
Make a decision.
What are formal meetings?
Who do they involve?
Highly structured because they are planned and run according to agreed procedures. They usually involve a chairperson and a secretary who takes the minutes of the meeting.
What are AGMs (annual general meetings)?
Meetings open to all shareholders of a company.
What are EGMs (extraordinary general meetings)?
Called to discuss a very important or emergency matter that cannot wait until the next AGM.
What are ad hoc meetings?
Take place at short notice to deal with a problem or issue that has arisen.
- How is a formal business meeting organised?
What does a chairperson do?
Responsible for the correct running of a meeting Set an agenda Open the meeting Follow the agenda Facilitate contributions Keep order Calls for votes.
What is a quorum?
The minimum number if people who must attend before an official meeting can begin.
What are standing orders?
The agreed rules for running the meeting.
What is a point of order?
A question to the chairperson regarding how the meeting is being run.
What does the secretary do?
Responsible for notifying the participants in advance about the meeting. During the meeting, take notes and take notes of the decisions made during the meeting.
What are minutes?
A written record of what was discussed and decided at a meeting.