Question

Explain three different ways that communicate plans could have financial implications within an organisation?

Answer 1

The different ways that communication plans could have financial implications within an organization are

• A vertical communication which is followed by a higher officials to their subordinates can play a major role because the idea of both are different, when a supervisor or higher authority conveys in regards to a particular work acceptance and denial can be said by the subordinates and vice versa.If this doesn't hsppen smoothly it can have a direct impact on the financial status of an organization
• Horizontal communication is a method carried in between the same level of staff,here there are high chance of misinterpretation, miscommunication if the message are not conveyed properly.This can develop a negative impact on financial implications within an organization. For example salary discussion
• When there is a poor employee satisfaction this can lead to decreased productivity of an organization and affecting the financial status directly. This can be rectified by proper and regular meeting and greeting feedback and rectifying any faults.