Enterpreneurship Archives

Communication is one of the common functions of management in any organization and it is importance can hardly be overemphasized. It is a process of transmitting data, ideas, thoughts, opinions and programs between several functions of an administration.

It is not possible to have human relations without communication.Even so, good and effective communication is asked not only for good individual relations but also for good and successful business.

Effective communication is called for at several levels and for assorted aspects in an arrangement such as -

For manager – employee relations:
Effective communication of data and decision is an essential factor for management-employee relations. The manager can’t acquire the work done from employees unless they are communicated effectively of what he prefer to be done? He should also make certain of some basic facts such as how to communicate and what consequences can be expected from that communication. Most of management problems arise because of miss of effective communication. Chances of misunderstanding and misrepresentation can be decreased with proper communication system.

For motivation and employee morale:
Communication is also a basic instrument for motivation, which can improve morale of the employees in an organization. Inappropriate or faulty communication among employees or between manager and his subordinates is the major cause of difference of opinion and low morale at work. Manager had better clarify to employees about what is to be done, however well are they doing and what can be done for better procedure to improve their motivation. He can develop a written statement, clearly outlining the relationship between society objectives and personal objectives and integrating the interest of the two.

For growth productivity:
With effective communication, you are able to maintain a good human relation in the administration and by encouraging ideas or suggestions from employees or workers and going through them whenever possible, you are able to also increase production at low cost.

For employees:
It’s through the communication that employees submit their work reports, comments, grievances and suggestions to their seniors or management. Administration had better have effective and speedy communication policy and procedures to avoid delays, misunderstandings, confusion or distortions of facts and to establish harmony among all the concerned people and departments.

Importance of written communication:
Communication may be caused through oral or written. In oral communication, listeners can make out what speakers is trying to say, but in written communication, text matter in the message is a reflection of your thinking. So, written communication or message had better be clear, purposeful and concise with correct words, to avoid any misunderstanding of your message. Written communications provides a permanent record for future use and it also affords an opportunity to employees to put up their comments or suggestions in writing. Therefore, effective communication is very important for successful working of an organization.

The seven fatal Myths to Avoid

Most of us recognise Product conception  is the most profitable online business model. Merely so a lot of  us do not get moving for one reason or another. Here’s how to come through and start creating hot trading products.

1: You demand a brilliant and original idea.

Think about it for a second – how many truly original products do you know of? Most successful how-to or self-help books don’t contain any original information, or even information that isn’t available for free elsewhere. The best ones just deliver the right information in a way that helps people solve a problem. The iPod wasn’t the first MP3 player. The iPad wasn’t the first tablet computer . Apple took existing products, created their own versions and marketed them brilliantly. And you don’t need to be Apple you just need to improve something a little bit or do it a bit differently. The truth is that 99% of products have near identical competitors. The secret to product creation is delivering in-demand results. It is solving a problem. It is not about being super clever or inventing something brand new.

2: You require to be an expert.

Have you ever explained to somebody how to do something? Did that person manage to do what you explained to them? If the answers are ‘yes’, then you have all the skills you need to create an information product. If you read 3 books on a subject, you will already know more about it than 95% of people. Do some more reading and talk to one or two people in who know a lot about the subject; and you’ll know more than 99% of people. You’ll certainly know enough to give excellent and accurate advice on how to fix a problem.

3: producing your own Product is hard and takes a long time.

Product creation isn’t that hard – it’s a lot like a school assignment or project. You identify a problem, research  a solution. That’s it. If the answers exist already you’ll be able to find them and use them. Either by yourself or by getting somebody else to do it.

4: You need to be passionate about my subject otherwise you won’t enjoy creating or marketing your product.

The thing to understand here is that the passion often doesn’t come before you start making the product, it comes after you start. As you create your product, you invest more and more of your time, emotion  and ego. You develop opinions about the best and worst ways to do something. Then the product creation becomes a lot like explaining something to a friend who comes to you for advice.

5: You need sociable proof or testimonials before you start.

You can get both proof your product works and testimonials after you create your product. It’s very simple, you just offer a free copies to a few people. Then ask for an honest review. From there you can use the good things they say as testimonials and proof. You can also learn how to improve your product from their feedback.

6: someone else already has the market sewn up; you won’t be able to compete or make a product as good as theirs.

It doesn’t matter what the product is, it can be improved especially information products. And an improvement doesn’t need to be ‘bigger and better’. Simpler, shorter and cheaper will be an improvement for a lot of people. No one product suits all customers. There is room for another approach, another angle. If you take a different approach, a lot of customers may well prefer your approach.

7: You will not be able to ascertain a USP.

‘USP’ is an acronym for ‘Unique Sales  Proposition’. This just means the features your product has that your competitors don’t, or the unique angle your product takes towards solving the problem. The great word is selective information products are the easiest products of all to find a USP for. Information can be compiled in a million different ways. You just need to ask the question “What can I do for my customers that others don’t do?”

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