understand by the following terms in business communication: i. noise ii. feedback iii. grapevine iv. medium v. encoding vi. negotiation vii. conflict QUESTION 2 As a secretary of the Executive Committee on Salaries and Conditions of Service in a parastatal‚ produce minutes of a recent meeting of the committee to discuss among other routine matters: i) salaries for contract staff ii) bonuses benefits for all staff Q1 - ANSWER Communication can be best summarized as the transmission
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Communication can best be summarized as the transmission of a message from a sender to a receiver in an understandable manner. The importance of effective communication is immeasurable in the world of business and in personal life. From a business perspective‚ effective communication is an absolute must‚ because it commonly accounts for the difference between success and failure or profit and loss. It has become clear that effective business communication is critical to the successful operation of
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Managerial theories of the firm Managerial theories of the firm place emphasis on various incentive mechanisms in explaining the behaviour of managers and the implications of this conduct for their companies and the wider economy. According to traditional theories‚ the firm is controlled by its owners and thus wishes to maximise short run profits. The more contemporary managerial theories of the firm examine the possibility that the firm is controlled not by its owners‚ but by its managers‚ and
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Strategic Management Process Introduction In a competitive business environment and volatile economic conditions‚ it is a prerequisite that organizations execute due diligence in preparing for the future. Businesses are not only challenged with attracting new consumers but also faced with retaining existing clients. The requirement to know principal drivers in specific marketplaces to develop and position products and services to remain a viable customer focused establishment is crucial in maintaining
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Paper No. 01-02 A Stakeholder Approach to Strategic Management R. Edward Freeman John McVea This paper can be downloaded without charge from the Social Science Research Network Electronic Paper Collection at: http://papers.ssrn.com/paper.taf?abstract_id=263511 A Stakeholder Approach to Strategic Management R. Edward Freeman And John McVea The Darden School University of Virginia Forthcoming in M. Hitt‚ E. Freeman‚ and J. Harrison (eds.) Handbook of Strategic Management‚ Oxford: Blackwell
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Potential Challenges within the strategic planning process Strategic planning has a lot of advantages to it but‚ at the same time‚ there are issues/barriers and potential challenges that an organization may face. The tool to the effectiveness of any strategic plan is to find any barrier/challenge and develop a plan to eradicate the barriers. “A strategic issue is a fundamental policy question or challenge affecting an organization’s mandates‚ mission and values‚ product or service level and mix‚
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References: num. analytical Meth. Geomechanics‚ 9:353–367‚ 1985. [3] D. Dubois and H. Prade. Possibility Theory. Plenum Press‚ New York‚ 1988. 81–86‚ 1997. [6] M. Klisinski. Plasticity theory based on fuzzy sets. Journal of Engineering Mechanics‚ 114(4):563–583‚ 1988. [7] D. K¨ll. Netzplanberechnung mit unscharfen Zahlen. Diplomarbeit‚ Unio versit¨t Innsbruck‚ 1997. mit Fuzzy-Methoden. Diplomarbeit
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ORGANIZATIONAL VALUES IN MANAGERIAL COMMUNICATION* Ivan Malbašić** Ruža Brčić*** Received: 14. 3. 2012 Accepted: 14. 11. 2012 Review UDC: 65.012.3 Organizational values have recently been regaining importance‚ which is reflected in the fact that they are commonly referred to as organizational foundations. Indeed‚ practice has proved that those values provide the basis for decisionmaking at all levels of the organization – from senior management to the nonmanagerial employees. This paper
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Managerial Grid Theory The managerial grid model (1964) is a behavioral leadership model developed by Robert R. Blake and Jane Mouton. This model originally identified five different leadership styles based on the concern for people and the concern for production. The optimal leadership style in this model is based on Theory Y. The model is represented as a grid with concern for production as the x-axis and concern for people as the y-axis The indifferent (previously called impoverished) style
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A Cultural Approach to Communica0on CLA1201 SemA 2012 Department of Media and Communica0on City University of Hong Kong Recap of Last Week’s Lecture • We discussed the psychological effects of media on the audience • The media effects research tradi0on draws from psychology and sociology • It is generally
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