Business report
Title
Table of contents
Executive summary
Terms of reference
Findings
Conclusion + reccomendations
Appendices
Bibliography
Notice
Invitation for people to attend the meeting , it informs them of the date time and place
Agenda
A list of items to be discussed at the meeting. Topics are listed in the order in which they will be discussed.
AOB
Any other business , a time to discuss anything not on the agenda
Minutes
A record of the meeting and what was discussed (sent to everyone)
Chairperson
In charge of the opening , closing and running of meeting. Elected by members at the meeting
Role: get through agenda
Secretary
Is responsible for the meeting (administrative aspects) eg minutes , agenda and assisting chairperson
Board meeting
Meeting with board of directors at regular intervals . Discuss the performance of business and future plans
EGM (extraordinary general meeting)
A meeting with board of directors and shareholders to discuss a serious issue that cannot wait till next AGM
Urgent matter is the only thing discussed
Ad Hoc meeting
With shareholders and board of directors to discuss an issue that has arised unexpectedly by must be solved quickly
Statutory meeting
Meeting that takes place one in the life of business.
First meeting and informs shareholders and board of directors about business affairs
General meeting
Happens regularly between management and employees.
Topics discussed are planning , forecasts , sales ect
How to choose Effective methods
of communication
Cost- must be cost-effective eg emails instead of meetings in person
Confidently- some information may be sensitive and need to be communicated securely
Record- paper trail for business reports
Urgency- faster method for more urgent matters
Barriers of effective communication
Timing
Wrong method chosen
Cost
Information overload
Barriers of effective communication
Timing
The sender sends the message at an inappropriate time eg manager sends message at 1am on sat but employees don’t work until Monday.
May not read and receive information
Barriers of effective communication
Cost
Must be cost effective to reduce on loss
Eg emails instead of meetings if travel is necessary
Barriers of effective communication
Info overload
The senders sends too much information
Eg there’s no work tmrw but manager sends multiple paragraphs.
Recover may not read message in full and recieve information
Barriers of effective communication
Work method chosen
This is when the sender chooses an inappropriate method of communication
Eg manager is reducing their wages and tells them over text
Why communication is important
Effective decision making
Employee morale- two way communication can make employees feel like they’re kept in the loop and are listened to
Facilitates change- easier to implement change if everyone is up to date with policies, everyone working towards same objectives
Communication- employees are given specific instructions on what to do
EDI communication
Electronic Data interchange
A system that connects the computers of 2 different companies
Sends standard document like invoices and orders
EDI-Advantages-Communication
Fewer errors
Less labour
Effective
Effective stock control
EDI-disadvantage -Communication
Expensive
Only effective if business trades large no of stock
Video conferencing- advantages
More effective
Facilities working from home
Faster
Improved communication
Video conferencing- disadvantages
Time zones
Tech issues
Lack of personal interaction