This document discusses communication in business. It defines communication as sharing information between individuals or organizations so understanding results. Effective communication has several purposes in business including conveying messages, coordinating efforts, and developing managerial skills. Communication is important for smooth business operations and allows for maximum production at minimum cost, prompt decision making, and building good employee relations. The elements of the communication process include a source, message, channel, receiver, and effect. Communication can take various forms depending on direction, organizational structure, and means of expression.
2. MEANING & DEFINITION
THE WORD COMMUNICATION IS DERIVED FROM THE LATIN WORD
„COMMUNICARE‟ THAT MEANS TO SHARE, TO IMPART, TO PARTICIPATE OR TO
TRANSMIT.
ACCORDING TO PETER LITTLE – “COMMUNICATION IS THE PROCESS OF BY
WHICH INFORMATION IS TRANSMITTED BETWEEN INDIVIDUALS OR
ORGANISATIONS SO THAT AN UNDERSTANDING RESPONSE RESULTS‟.
ACCORDING TO NEWMAN & SUMMER – “IT IS AN EXCHANGE OF
FACTS, IDEAS, OPINIONS OR EMOTIONS BY TWO OR MORE PERSONS”.
5. IMPORTANCE
1.
2.
3.
4.
5.
SMOOTH WORKING OF A BUSINESS
MANAGERIAL FUNCTION
PLANNING & ORGANIZING
DIRECTION & LEADERSHIP
MOTIVATION
CO-ORDINATION
CONTROL
MAX PRODUCTION AT MINIMUM COST
PROMPT DECISION & ITS IMPLEMENTATION
BUILDING HUMAN RELATIONS
JOB SATISFACTIONS & GOOD MORALE
AVOID ILLUSION
CONTACTS WITH EXTERNAL PARTIES
8. FORMS OF COMMUNICATION
1.
ON THE BASIS OF DIRECTION OF FORMAL COMMUNICATION
i.
VERTICAL
a)
DOWNWARD
b)
UPWARD
ii. HORIZONTAL OR LATERAL COMMUNICATION
iii. DIAGONAL COMMUNICATION
9. 2. ON THE BASIS OF ORGANIZATIONAL STRUCTURE
I.
FORMAL COMMUNICATION
a) SINGLE CHAIN
b) WHEEL
c) CIRCULAR
d) FREE FLOW
e) INVERTED V
ii. INFORMAL COMMUNICATION (GRAPEVINE)
a) SINGLE STRAND CHAIN
b) GOSSIP CHAIN
c)
d)
CLUSTER CHAIN
PROBABILITY CHAIN
10. 3) ON THE BASIS OF WAY OF EXPRESSION
i.
ORAL COMMUNICATION
ii.
WRITTEN COMMUNICATION
iii.
GESTURE COMMUNICATION