What would this world be like without effective dialogues? In this paper our team will identify the Bank of the world?s communications problem, decide which alternative is best to reconcile the problem and evaluate the chosen decision.
Bank of the World started its operations collecting deposits from various types of people in 1871. The bank effected its first headquarters in Forest, Montana in a rented room. Bank of the World expanded during the latter portion of the nineteenth century and eventually occupied rough $500,000 in assets. By 1911 the company?s first office building was constructed. passim the 20th century the bank has expanded to eight branches. sassy programs, such as free checking and a rewards program bring in emerged to help promote the financial institution. Today, Bank of the World occupies roughly $50 million in assets.
Bank of the World shortly faces communication problems. This problem is most noticeable when dealing with insurance policy changes. All banks have policies on the many different activities that go on in the course of a business day. However, these policies be not always understood correctly by subordinates. Thus, a lack of accuracy occurs with minutes. This problem presents a contradiction to the banks catchword of ?Providing a Bank Everyone Can Trust.? If not all transactions are processed with accuracy, how can a bank be trusted?
According to Bateman and Snell, One-Way Communication is ?A process in which information flows in only one direction-from the sender to the receiver, with no feedback loop? (Bateman & deoxyadenosine monophosphate; Snell, 2007, pg. 486). Although this kind of communication is expected in banking, many different perceptions occur about the information communicated. Bateman and Snell observe Perception as ?The process of receiving and interpreting information? (Bateman & Snell, 2007, pg. 487). As a result of perception, people do not always get the message.
over all nice essay, but it to the highest degree seems as though the title should be Effective communication or something.
Think about it.
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