Discuss the role of effective business communication within and outside the organization.

Posted by Ripon Abu Hasnat on Thursday, June 11, 2015 | 0 comments | Leave a comment...

A business Organization is a group of people associated to earn profit. Various kinds of activities have to be performed by the people of an organization so as to earn profit. These activities need an effective and systematic communication. Without efficient communication, one cannot even imagine to do work and hence will be unable to earn profit. Since the aim of business organization is to earn profit, the organization will die without profit and this death is a result of the absence of communication. This is why communication is called life blood of a business organization. We can prove this statement in the following manner.

COMMUNICATION INSIDE AN ORGANIZATION:
Different employees and officials in an organization need to communicate to each other. This internal communication with its importance is shown in the following way:
1. Setting goals and Objectives:-
Mostly, the organizations have a variety of formal and informal objectives to accomplish. These objectives may be financial results, product quality, market dominance, employee’s satisfaction, or service to customers. So the communication enables all the persons in an organization to work towards a common purpose.

2. Making and Implementing decision:-
In order to achieve the objective, people in a business organization collect facts and evaluate alternatives, and they do so by reading, asking questions, talking or by plain thinking. These thoughts are put into a written form. Once a decision has been made, it has to be implemented which requires communication.

3. Appraisal:-
Having implemented the decision, management needs to determine whether the desired outcome is being achieved. Statistics on such factors as cost, sales, market share, productivity and inventory levels are compiled. This is done through computers, manual papers, memos or reports.

4. Manufacturing the products:-
Getting an idea for a new product out of someone’s head, pushing it through the production process and finally getting the product also require communication. Designing the plan regarding product, introducing the workers, purchasing raw material, marketing and distributing the product all require effective communication.

5. Interaction between employer & employee:-
Employees are informed about policies and decisions of employers through circulars, reports, notices etc. Employers also get in touch with employees through application, complaint etc. So, communication plays a vital role in the interaction of employer and employee.

EXTERNAL COMMUNICATION:
1. Hiring the employees:-
If a company wants to hire someone, it advertises the vacancy, receives applications, calls the candidates, takes the interview and then offers job to the successful candidates. The whole process requires communication.

2. Dealing with customers:-
Sales letters and brochures, advertisements, personal sales calls, and formal proposals are all used to stimulate the customer’s interest. Communication also plays a part in such customer related functions as credit checking, billing, and handling complaints and questions.

3. Negotiating with suppliers and financiers:-
To obtain necessary supplies and services, companies develop written specification that outlines their requirement. Similarly, to arrange finance, they negotiate with lenders and fill out loan applications.

4. Informing the investors:-
Balance sheet, income statement, and ratio analysis are used to inform the investors regarding performance of business.

5. Interacting with Govt.:-

Government agencies make certain rules to regulate the economy. These rules are communicated to organizations through various papers. These organizations try to fulfill, these requirement like filling taxation form and other documents.

Discuss five elements (Factors) of the process of communication

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Communication is the exchange of ideas between two minds. This process of exchanging idea is based on following five factors.

1. Sender:-
Sender is the person who initiates the process of communication. He generates an idea in his mind regarding production invention, innovation, request, order, enquiry etc. So, he is the first factor of communication process and his function is to generate an idea. Therefore, it is necessary that the idea should be clear, and convertible into message. For this purpose, the sender needs to apply his knowledge and imaginative power.

2. Message:-
The idea in the mind of sender is transformed into words that is called message. The sender decides on the length, style, organization and tone of the message. The message may be presented in many ways, depending on the subject, purpose, audience, personal style, mood and cultural background.

3. Media:-
The media of transmission of message are electronic media as T.V., radio, computer and print media as newspapers, letter, magazine etc. media play a very important role in helping the receiver’s understand the message. A wrongly chosen medium can interrupt the process of communication, Selection of medium depends upon message, audience, urgency and situation.
4. Receiver:-
Receiver is the person who gets the message from the sender, decodes it, understands it and interprets it.

5. Feed Back:-

Having understood the message, the receiver responds to the sender in yes or no or asks further questions. This process is called feedback.

Discuss the General Guidelines for Effective Communication

Posted by Ripon Abu Hasnat on Wednesday, June 10, 2015 | 0 comments | Leave a comment...

Clarity of Purpose:
this requires careful planning. Lack of planning becomes the first major barrier in communication. Communication does not take place. We have to make all possible efforts to understand the whys and how’s, the when and where, and above all the “what” of our message. As George Berneard Shaw says, “The major mistake in communication is to believe that it happens.”
Shared Activity:
Lets not forget that effective communication is the responsibility of all persons in the organization. At any level –managerial or no managerial. They are all working towards a common goal. It means that all of them have a share, directly or indirectly, in many different ways, in the process of communication. Whether communication is effective can be judged on the basis of the intended results.
Common Set of Symbols:
The encoding and decoding of the message should be done with symbols that are familiar to the sender and the receiver. It is an immutable condition of communication that the code or set of symbols be mutually understood/ intelligible.
Focus on the Need of the Receiver:
Whenever we communicate we must keep  in    mind  the   needs of    the receivers      of      the message/information. It should be our endeavor to see that whatever we communicate should be of value to the receiver, both in the short run and in the distant future. Our awareness of the needs of the receiver will make him more receptive.
Active Listening:
Active or “participative” listening is as important as any other element in the process of communication. It shows, again, that communication is a joint responsibility of both the sender and the receiver.
Controlling Emotions:
Emotions play an important role in interpersonal relationships between superiors, subordinates and colleagues in an organization. It should be, therefore, an important aim of communication to create an environment in which people are motivated to work toward the desired goals of the enterprise by which they achieve their personal goal.
Politeness:
This leads us to the tonal aspect of communication. There is a saying, “The tone makes the music”. In the same way, the tone of voice, the choice of language and the congruency or logical connection between what is said and how it is said influence the reactions of the receiver.
Eliminate Noise:
Every possible effort must be made to eliminate the element of noise that distorts communication at the transmission stage. It becomes especially important in the wake of modern technological advancement. Anything going wrong with the equipment or any disturbance in the transmission line is bound to defeat the very purpose of communication.
Clarity Assumptions:
No effective communication can be based on assumptions. The sender of the message must clarify his assumptions and then go ahead with proper encoding of the message.
Avoiding connotations and ambiguities:
Semantic problems can be solved by using simple language and avoiding connotations. Care must be taken to see that the receiver of the message does not have to go beyond the text of the message. It is also necessary to avoid all ambiguity, which means to avoid using words with double meaning.
Socio- Psychological Aspect:
As communication is a two-way process involving both the sender and the receiver, both should make conscious efforts to understand each other’s cultural and social- psychological background.  As a golden rule for effective communication one must remember, “First understand, then be understood. An effective communicator is an informed communicator.
Completeness:
One must also endeavor to send a complete message, furnishing all necessary facts and figures. Incomplete communication annoys the receiver as a result of which proper feedback will not come. The message should be so organized that the receiver is not left in doubt about any aspect of the message.
Conciseness:

Completeness does not mean inclusion of unnecessary details or diversions. An effective communication is concise and crisp. The sender should be clear headed and properly focused in his vision.

Short Notes on Treasury Bill

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Treasury Bill is a Short-term (usually less than one year, typically three months) maturity promissory note issued by a national government as a primary instrument for regulating money supply and raising funds via open market operations. Issued through the country's central bank, T-bills commonly pay no explicit interest but are sold at a discount, their yield being the difference between the purchase price and the par value (also called redemption value).

This yield is closely watched by financial markets and affects the yield on municipal and corporate bonds and bank interest rates. Although their yield is lower than on other securities with similar maturities, T-bills are very popular with institutional investors because, being backed by the government's full faith and credit, they come closest to a risk free investment. It is issued first time in 1877 in the UK and in 1929 in the US.

Short Notes on show cause

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A show cause letter is a written notice asking the employee to explain or to "show cause" why he should not be given disciplinary action given what he did or did not do. 
As for whether a reminder is necessary prior to the show cause letter, it really depends on the labor laws of the place where you work in. In some jurisdictions, the show cause letter itself serves as the first notice. The employee then submits his written explanation and then a second notice is required called a Notice of Decision.
Generally they get a verbal, followed by a written notice - based on how they want to the individual to be disciplined. A show cause letter shows the action to be followed when and if Human Resources is involved, or they want it in writing - by passing the verbal warning.

Short Notes on Wage Earners' Scheme

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Wage Earners' Scheme introduced in 1974 to provide incentives to the Bangladeshi nationals working abroad and remitting their earnings to Bangladesh through official channel. The scheme got prominence when the allocation of foreign exchange for importers at official rate was curtailed due to a fall in the Foreign Exchange Reserves. The scheme aimed at conversion of remittances of the Bangladeshi workers at exchange rates corresponding approximately to the open market rate. Importers facing shortage of foreign exchange allocations tended to buy foreign exchange at rates higher than the official rate from the wage earners' market, which was popularly known as the secondary Foreign Exchange Market. Remittances by workers from abroad play a significant role in minimizing dependence on aid for foreign exchange. Remittances treated as earnings through 'manpower export' have become the largest foreign exchange earner among the items in the Balance of Trade.

Short Notes on Written communication

Posted by Ripon Abu Hasnat on Sunday, June 7, 2015 | 0 comments | Leave a comment...

Written communication is the transmission of thoughts, ideas, opinions, feelings etc. through words that are meant to be read. So a message communicated in a written form is kwon as written communication. It is word-based communication and always takes place in written form. Under this form, the sender transmits message to the receiver in writing and the receiver also expresses his reaction or repercussion through written means. 

In the words of J. P. Bose, "Communication that takes place through manuals, written instructions, notes, memos, reports, journal etc. is called written communication."


Written communication constitutes the greatest medium for conveying information in all organizations. It is always put into writing and generally used when the audience is at a distant place, or when permanency of record is required, or where its preservation is essential in case it is needed as an evidence to solve disputes. Standing orders and instructions, progress reports, returns and standardized form and bulletins are made out in writing.

Short Notes on Oral communication

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Oral communication is the oral transmission of ideas, feelings, attitudes, opinions or information between two or more persons. It is a language based communication that takes place through words spoken. In oral communication both the sender and the receiver reciprocally express their ideas or opinions using oral means. Oral communication usually takes place through face-to-face conversation or group discussion. It may also take place through telephone calls and radio or television talks.


In oral communication, there is direct interaction of ideas and facts between the sender and the receiver. Perhaps it is the most effective way of sending one's views, feelings, sentiments etc. to other persons. When it takes place through face-to-face conversation, group discussion or telephone calls, communicatee's reaction can be easily ascertained.

Short Notes on verbal communication

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When communication is done basing on language, it is called verbal communication. It is the principal communication idea used by the organizations to perform their day-to-day functions. The executives and the employees spend their maximum time in word or language based communication.

Different authors have defined verbal communications in different ways.
In the words of Bovee his associates, "Verbal communication is the expression of information through language, using words and grammar".

Bartol and Martin says, "Verbal communication is the written or oral use of words to communication."


In fine, it can be said that verbal communication is the exchange of ideas, wishes, feelings, attitudes etc. as information through written or oral use of words. That is, it may take place through use of words both-spoken or written. Verbal communication may take the form of oral communication, written communication or electronic communication.

Short Notes on Intercom

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Intercom is an electronic device for establishing internal oral communication among the people engaged in different branches, sections, units or officers of the same organization. It is an expansion of telephone connection of a particular office. But it cannot be used to contact with the people outside the organization.


Generally large scale organizations having various departments or units engage many people to accomplish their specific tasks. Those people perform their jobs sitting in many office rooms of different floors: For smooth functioning, the engaged people are provided with intercom facility. Generating intercom system the telephone sets of various departments or offices are connected with the main intercom machine installed earlier. Under this system the user has not to pay for every call. Thus this system ensures economy in communication.

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