BUSINESS COMMUNICATION

Hey, guys, we are back last two years we were talking about financial literacy and also poverty  . as we move on now we will be talking about business communication, types of business communication, why communication is so important in business,  some of the challenges that you face in business communication and many other topics that are related to business communication .social network is not the best to share communication there are just permanent.

communication is important to your company

-influence perception {culture, education}, increase productivity , improve employees satisfaction.

what is business communication?

according to the business dictionary “The sharing of information between people within an enterprise that is performed for the commercial benefit of the organization. In addition, business communication can also refer to how a company shares information to promote its product or services to potential consumers”.

types of business communication

Electronic

Business technology has opened up new types of business communications. New communication methods include email, web conferencing, social networking, company websites, online chat and text messages. Electronic communication allows companies to send mass messages to several individuals quickly and at a low business cost.

Verbal

Verbal communication is a common way individuals transfer their message to other individuals and businesses. Verbal communication methods may include meetings, in-person interviews, telephones and video conferencing. Verbal communication may be the best communication method because it allows people to assess the verbal or nonverbal inferences by individuals giving a message. It may also create a more comfortable environment for receivers to ask questions and get feedback from individuals giving the message. The increasing use of global business operations has created challenges for verbal communication. These challenges may include language barriers, cultural or social barriers, and time differences when giving messages. These challenges must be overcome for verbal communication to present a clear-cut message that receivers can act on quickly with little to no confusion.

Written 

Written communication includes internal business memos, formal letters, bulletin boards or posters and other various written communication forms. Individuals may choose to use written communication if they need to reach multiple individuals at different locations with a similar message. This communication time may also help senders conveyed technical messages that have several instructional steps individuals must follow or diagrams and charts needing to be reviewed for receivers to understand the message. Written communication also creates a paper trail for important messages. Individuals may be required to acknowledge receipt of the message or respond within a limited time frame. Organizations often use written communication to ensure they have documentation when correcting an issue or dealing with important legal situations.

 

 So by next week, we will talk about much more about business communication.

learn from me!!!

THANK YOU!!!

 

Read more: http://www.businessdictionary.com/definition/business-communication.html

welcome Back To My Blog This spring!!!!

hello guys , am back  it has been quite some time since i posted on my blog and so so far some of you this may be the first time you have seen  jabbama, learn from me  Blog .

all best wishes,

learn from me…

WEEK 11

Hello everyone,

The semester is coming to an end. so this  focused administrating 8 questionnaires in  preparation for my final paper. This time around i will be going outside the school  to administer some of the questionnaires.This was so very interesting i make some funny thing  with people i made different type of people in the town.

WEEK 8

Hello ever one today am gonna talk about chapter 9 of the book poor economic Reluctant entrepreneur Capital without capital, Business of the poor , Good job. Are there really a billion barefoot entrepreneurs, as the leaders of MFls and the socially-minded business gurus seem to believe? There are more than billion people who run their own farm or business,but most of them do this because they have no options.

Micro credit and other ways to help tiny businesses have an important role to play in the lives of the poor, because these tiny business will remain,perhaps for the foreseeable future, the only way many of the poor can manage to survive. But we are kidding ourselves if we think that these businesses can pave the way for a mass from poverty.

week 7

https://www.youtube.com/results?search_query=derek+sivers+how+to+start+a+movement      https://www.youtube.com/results?search_query=derek+sivers+weird+or+just+different

WEEK 9

Hello, as you can see we now in week 9. This week, we carried out survey  here are some of the result

Demographics

Most of them are female

most of them are form of education

mot of them are range of age 18-29

Perception

they use extra money for business

most of them had not ever heard of micro lending

most of them receive regular salary

Interest

if they need extra money they went to their family

most of them had never takes loan from the bank

Behaviour

most of them are their husband

most of then use to save money

most of then save their money at home

Images on Micro Financial

WEEK six

Hey guys, we are now in week six as you can see we are moving forward,follow me and enjoy. This is my financial literacy course (CDV) well my cdv class in six week is the best among weeks i attend in the previous weeks, i have learn many thing about micro financial. Mr Asongo Abraham from micro financial office came and give the class more details about the micro financial. MICRO FINANCIAL: is a general term to describe financial service to low-income individuals or to those who do not have access to typical banking services. Micro financial is also the idea that low- income individuals are capable of lifting themselves out of poverty if given access to financial services.Financial literacy  as a micro financial it help  people to make the best way of felicity, it give individuals first  hard knowledge on how to manage their own resources , mostly is to teach them how to save not how to borrow .Micro financial  is divide into two sector, informal sector and formal sector. INFORMAL SECTOR: is define as contracts or agreement conducted with out reference or recourse to the legal system to exchange cash in the present for promises of cash in the future.The informal sector provides saving and credit facilities for small farmer in rural areas, and for lower- income households and small- scale enterprises .The procedures of informal schemes are they emanate from local cultures and customs, they are easily understood by the population.The informal sector mobiles rural savings and small saving from  low- income urban households. informal groups operate at times and on days which convenient for their members.Informal sector associations accept any amount of regular savings, even the most  modest sums which a saver  can a ford to set aside . The financial techniques on which such informal groups are based 1 end  themselves to the management of a large number of small accounts.Access to credit is simple , non-bureaucratic, and little based on written documents. Literacy is not a requisite.Within the informal sector, information is widely diffused. The regular meetings of informal savings and credit associations serve as a forum for dissemination of information.The interest paid on deposits in the informal sector compares favorably with that paid in the formal sector, thus providing an incentive of rural and small urban households to save. There are no investment opportunities for saving which have been mobilized but which have not bee lent. Repayment rates  are high. Because they emanate from local environment , informal groups are aware of  the problems that members may be confronted with, repayment difficulties in a pragmatic manner .Debt rescheduling is possible.Savings and credit mechanism in the informal sector are not geared towards accumulating funds before the peak when loan requests are highest. FORMAL SECTOR: A group of people usually employees ,that includes recognized income sources for paying income taxes based on all 40-hours, regular wages jobs contrast to information sector.The formal sector consists the business, enterprises and economic activities that are monitored, protected and taxed bye the government, whereas the formal sector is comprised of the worker and enterprises that  are not under government regulation.All those type of employment which offer regular wages and hours, which carry with them employment rights and on which income tax is paid. Loan application procedures are complex and require  reading and writing skills so that a file on the borrower may be established.Processing of loan requests is complex , resulting in long delays before final approval or rejection. Even when approval is obtained ,loans delivery is slow.Collateral requirements correspond to the situation of relatively well-off deposits or saving accounts in commercial bank, property  which  can be mortgaged.In formal sector transaction cost are high , also repayment rate are low. Furthermore, formal sector institutions do not have close contact with the environment in which they operate. Sometimes social repercussions, while at other time they do not sue for reimbursement, leading borrowers to believe that formal loans are free.The formal sector keeps written records on the activities of clients, although the information recorded is sometimes irrelevant.

WEEK FIVE

Keep learning from me. My cdv class  week five is very interesting i have more evidence of some topics, which are team building , communication public speaking i learn many thing in my cdv class if you take cdv course it will help you how to save your money,plan your family and so many thing in life.

Well first of all am will like to talk about team building :is a process aimed at developing cooperation and team work with in a team member must share a common goal since each member of a team plays and integral .There also four stages of group growth .

Building a strong team that can achieve its objectives can be accomplished by incorporating certain characteristics that encourage success.After a leader is selected,team members are informed of the objective and when goals are expected in team -building activities to establish trust and camaraderie among teammates.

• Interaction Among Teammates :Another characteristic of successful group team building is to encourage team members to take ideals and suggestions from other members into consideration.Individuals trust and support their fellow teammates and involve them in decision-making.Individuals are also tolerant of differences among other team members and try out new they suggest.
• LINES OF COMMUNICATION:Team building requires a mechanism for communication between the team leader and team members and among members.Consistent communication in the from of news letters ,status reports,emails and meetings ensure that team members are up to speed on what has been accomplished and what still needs to be done.
• DEFINITIVE DECISION- MAKING PROCESS:A successful group follows a procedure to make  decisions and  solve problems.This avoids the pitfall of extended and unproductive discussions that can result in frustration and inaction. A definitive procedure removes the burden of decision making  from one team member with strong opinions.The clearly stated procedure may be ensure that all members of the group have a hand in decisions. This procedure may be direct team members to reach consensus or decide by majority  vote.

COMMUNICATION PUBLIC SPEAKING.

Two  ways process of reaching mutual understanding, in which participants not only exchange encode information, news, ideals,and feelings but also create and share meaning .In general communication  is a mean s of connecting people or place .

Three types of public speaking.

Contact-making:those first impressions matter. Every interview ,audition or sales pitch, every stand at trade show or networking event is that first contact that could make all the difference.your public speaking  and self -presentation skills will influence the lasting impression you give, as they will be making their mind up about you within seconds.

Social speaking:- being able to stand up and make a confident speech to colleagues, family or friends, whether impromptu or rehearsed ,will enhance your social, business and professional image.

The high-stakes message:delivering the keynote speech at a business conference or making a successful training  presentation, giving a memorable performance or an inspirational and entertaining after -dinner speech all require polished and confident speaking skills

Three main speaking styles.

Cool presenter;is very cool nature individual.

Hot presenter ; he is very hot he read for any questions.

Dull presenter;he does not know what said he is just their.

Tips for using visual aids.

• Avoid chalk boards
• Prepare visuals in advances
• Prepare them large enough
• Avoid passing aid among audience

• Follow me guys this is my financial literacy course