Describe business communication and its components as a life blood of an organization. Also explain how components interact in the communication process?

Communicating with your employees is central to managing your workforce. Introducing proper procedures for informing and consulting with your employees can take time and money but you will benefit from improved products, productivity and competitiveness. Other benefits of effective consultation and information-sharing include: • improved employee commitment and job satisfaction, particularly if employees understand what the business is trying to achieve and the effect of their contribution • increased morale leading to lower turnover of employees and reduced recruitment and training costs • better employee performance, if they understand targets and deadlines and receive proper feedback • provision of accurate information or guidance, which helps avoid misunderstandings, eg on health and safety policies, business performance, staff changes and job structures • improved management decision making, due in part to feedback from employees • improved management/employee relations and employee acceptance and support of management decisions or changes in working practices and procedures because they feel they have contributed to the discussions • improved exchange of ideas • consistent approach and strategy across the business