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3. Facilitates Co-Ordination:
Management is the art of getting things done through others and this objective of
management cannot be achieved unless there is unity of purpose and harmony of effort.
4. Increases Managerial Efficiency:
Effective communication increases managerial efficiency. It is rightly said that nothing
happens in management until communication takes place. The efficiency of manager
depends upon his ability to communicate effectively with the members of his organization
5. Promotes Co-operation and Industrial Peace:
Effective communication creates mutual understanding and trust among the members of
the organization. It promotes co-operation between the employer and the employees
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Communication is the means by which the behavior of the subordinates is modified, and
change is effected in their actions.
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that make the company come up with the new and innovative methods to promote the
offerings to the customers.
2) Create brand awareness
The concept of branding is totally related to the promoting the objectives and vision of
the brand and company but understating the Importance of Marketing Communication.
3) Expresses competitive advantage
There are way too many brands in the market offering the similar line of products and
services giving the customers quite many options and alternatives to pick and choose
from and many a time the customers go for the products and services offered by the
competitors.
4) Fosters goodwill
Next in the queue of the Importance of Marketing Communication is that it helps the
company to foster the goodwill in the market as when the communication strategy is on
a consistent and continuous basis.
5) Attracts talent
The genuine and innovative marketing communication and messaging strategy not only
attracts the new set of customers but also attracts the talent for the company that is
willing to get associated with the company as employees, vendors, investors, agencies,
and other business associates that helps the company to grow from strength to strength
and attain its aims and objectives in the highly successful manner.
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In continuation to the above point and harping on the Importance of Marketing
Communication, yet another benefit to the company is that it enlightens the investor
community about the strengths, core values, fundamentals, vision, approach, and
objectives of the company along with its competitive advantages, unique selling
propositions, and the features and attributes of the products and services offered to the
target market.
7) Boosts profits
As the thumb rule of business strategy states that the marketing and sales departments
work as the backbone of each other and when they both join forces, the profits of the
company are on an all-time high owing to the increased sales.
In order to attract the new set of customers and retain the existing ones on a long-term
basis, it is important for the marketing communication to be transparent, consistent,
crisp, direct, and helps to solve the problems of the customers.
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THE MARKETING COMMUNICATION
Advertising - Any paid form of nonpersonal presentation and promotion of ideas, goods, or
services by an identified sponsor.
Personal selling - Personal presentation by the firm’s sales force for the purpose of making sales
and building customer relationships.
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Sales promotion - Short-term incentives to encourage the purchase or sale of a product or
service.
Public relations - Building good relationships with the company’s various publics by obtaining
favorable publicity, building up a good "corporate image", and handling or heading off
unfavorable rumors, stories, and events.
Direct marketing - Direct communications with carefully targeted individual consumers to obtain
an immediate response and cultivate lasting customer relationships.
Personal selling - It is also known as face-to-face selling in which one person who is the salesman
tries to convince the customer in buying a product.
Word of mouth - When a consumers share information about a product or organization with
one another, whether by talking or through some other medium
INTERNAL COMMUNICATION:
Quotes like “we talk to our team all the time” or “of course they know what we are doing, we
told them three months ago at the annual meeting” are common but this is not engagement.
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ROLE OF MANAGER IN MANAGING EMPLOYEE THROUGH COMMUNICATION:
Blogs: a letter or blog from the CEO, ad-hoc or quarterly, establishing a personal connection with
the workforce; a Day in the Life of staff members across the organization.
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Pulse: measure the ongoing health of your organization with regular and scheduled checkups in
the form of enPS (Net Promoter Score) or a happiness Index.
Recognition: help staff say thank you to each other, link to company values, promote across the
organization and create a culture of recognition.
News: celebrate a company milestone, give staff notice of disappointing sales figures or
announce the new Chief Exec.
Tell the boss: the chance for a Q&A face-to-face or comments in writing. Leaders must be
prepared to listen and accept criticism.
Innovation: idea capture and management apps to rejuvenate the 20th century suggestion box.
See our blog Internal Communications Examples.
Surveys: ask people for their opinions about their job, the company and their work conditions.
But senior leaders must act on feedback and make changes.
Competitions: award prizes, but link the challenge to specific business goals
Reviews: integrate in-house or customer reviews and invite employees to comment and share
within a closed secure environment.
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HOWTO IMPROVE INTERNAL COMMUNICATION:
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EXTERNAL COMMUNICATION:
Community relations: Every business organization has to maintain a relation with the
common people of the society so as to achieve the organizational goals. External
communication helps to keep a link with the people.
Collection of information: The main objective of external communication is to collect the
information from outside the organization.
Contracts with customers: Every organization should know the taste, liking and disliking
of its customers to increase the sale of its products or services. So, external
communication is necessary to contract with customers.
Relations with suppliers: Every organization has many suppliers form that it collects raw
material or finished goods to run the business. So there must be a good relation between
the firm and its suppliers.
Relation with financial institutions: One of the most important objectives of external
communication is to keep a link with banks, insurance and other financial institutions.
Relation with government: Every organization should obey the rules and regulations of
the government. So, through external communication it can keep the relation with
government agencies.
Shareholder relation: Shareholders are the owners of the company. The board of
directors is liable to inform all the business affairs to the shareholders. External
communication is a must in this regard.
Others: (a) to keep the relation with regulatory bodies (b) To keep the images of the
company (c) To keep the international relations etc.
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Live events and conferences
Email and newsletters
Social media
Press releases
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INTERNAL VS EXTERENAL COMMUNICATION
INTERNAL EXTERNAL
COMMUNICATION COMMUNICATION
PURPOSE motivates employees and shapes society’s view of the
helps them stay on track company or brand.
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