The main goal in any business is to first learn how to make a profit, then finding out how to maximize earnings. When speaking in terms of profit maximization, the output of the firm must also be at its highest point. Generally when output is at its highest point, it's because workers are doing their job to their fullest potential, meaning productivity. When employees are productive, it results in a greater good for the entire company, with less time and resources wasted which in turn generates more profits. In many cases, establishing teams help maximize efficiency as there are many benefits including splitting up the workload, sharing ideas, higher customer satisfaction, and product quality to name a few. Teamwork does not happen by itself, as it must be initiated and promoted by top management.
[...] Simply defined, communication is the “process of transmitting information from one place to another (Sorenson, Knowing what types of communication there are available and how and when to apply them is crucial in successful management. There are five types of communication, with each one having its own methods. Starting with the communication process, it starts when the sender comes up with a message he or she needs to transmit to another person, followed by encoding the message. Encoding signifies putting the message into verbal, written or symbolic shape which is recognizable then understood by the intended receiver. [...]
[...] Works Cited Allen, Richard Organizational Management Through Communication 1977 Applbaum, Ronald The Process of Group Communication 1974 Chicago Berb, David Kenneth The Process of Communication: An Introduction into Theory and Practice 1960 New York Christ, William Leadership in Times of Change 1999 Annandale, VA DeVito, Joseph Communication: Concepts and Processes 1971 Englewood Cliffs, NJ Egan, Gerrard Interpersonal Living and Skills Contract Approach to Human Relations Training in Groups 1976 Monterey, CA Goldberg, Beverly Change Management Through Communications 2001 Goodman, Michael B. [...]
[...] After setting up the initial franchises in Hong Kong in 1975, McDonald's altered the menu after learning customers preferred burgers in the morning and chicken and fish during the rest of the day. The company continued to modify the menu according to societal desires, such as adding curry potato pie and red bean sundaes for its Hong Kong customers. In Israel, McDonald's serves only 100 percent kosher beef to cater to local requests. The company also closes its restaurants on the Sabbath and on religious holidays. [...]
[...] Email is easy to learn, apply, and can be sent to every member in a firm instantly. With the development of email came overuse, and like voicemails, managers can have numerous emails to read and answer a day. Obviously, if managers are tied up reading and replying to countless emails, they can not be doing other tasks such as supervising and leading. In the case of Nicholas Tang, the director of operations at Community Connect, the New York based company that manages AsianAvenue.com (among other online communities with an ethnic focal point), the countless emails became overwhelming. [...]
[...] Williams demonstrates an example of this with employees are told that budgets must be cut by 10 percent, they may automatically assume that 10 percent of employees will lose their jobs Another problematic issue in communication is perception of others, where the attribution theory states that everyone holds an essential yearning to comprehend and explicate the reasons for other's behavior. A defensive bias is the tendency for people to recognize themselves as individually and circumstantially comparable to someone who is experiencing a stage of inconvenience or struggle, whereas the fundamental attribution error is to disregard peripheral sources of actions, then assign other individual's behavior to inner causes. [...]
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