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"How you communicate is as important as what you communicate." (A) Illustrate the factors that a business needs to consider when communicating with its various stakeholders - Leaving Cert Business - Question 4 - 2012

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"How-you-communicate-is-as-important-as-what-you-communicate."--(A)-Illustrate-the-factors-that-a-business-needs-to-consider-when-communicating-with-its-various-stakeholders-Leaving Cert Business-Question 4-2012.png

"How you communicate is as important as what you communicate." (A) Illustrate the factors that a business needs to consider when communicating with its various stak... show full transcript

Worked Solution & Example Answer:"How you communicate is as important as what you communicate." (A) Illustrate the factors that a business needs to consider when communicating with its various stakeholders - Leaving Cert Business - Question 4 - 2012

Step 1

Illustrate the factors that a business needs to consider when communicating with its various stakeholders.

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Answer

When communicating with various stakeholders, a business should consider several key factors:

  1. Appropriate Language/Clarity: It is vital to use language that is easily understood by the audience. If the message is too technical or difficult, it may lead to misunderstandings.

  2. Confidentiality/Safety: The business must ensure that communication respects confidentiality and safety protocols. For instance, sensitive information might be better communicated in a face-to-face meeting rather than via email.

  3. Cost: The expenses incurred during the communication process can significantly affect the choice of methods. For example, a CEO might prefer an online meeting to save on travel and subsistence costs.

  4. Urgency/Speed/Destination: Timeliness is crucial, especially in scenarios requiring immediate action. Proper planning regarding the method of communication can influence how quickly stakeholders receive important information.

  5. Feedback/Accuracy/Record: The necessity for feedback can shape communication strategies. Obtaining accurate records, such as meeting minutes or formal correspondence, is essential for clarity and finality.

  6. Other Relevant Factors: Legal requirements and the availability of technology also play important roles in determining how communication is executed.

Step 2

Distinguish between the duties of a chairperson and a secretary in the organising and running of an Annual General Meeting.

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Answer

The Chairperson and Secretary have distinct roles in organizing and conducting an Annual General Meeting:

The Chairperson

  • The chairperson is responsible for convening the meeting and ensuring that the agenda is adhered to.
  • They open the meeting, introduce participants, and ensure that everyone understands the meeting's purpose.
  • The chairperson is tasked with steering discussions, keeping track of time, and making sure all voices are heard during deliberations.
  • They organize the voting process, ensuring it is fair and transparent.
  • Finally, the chairperson has the authority to adjourn the meeting if necessary.

The Secretary

  • The secretary's role includes preparing and sending out the meeting notices to all participants in advance.
  • They are responsible for drafting the agenda and distributing it to ensure everyone is prepared.
  • The secretary must take accurate minutes during the meeting and circulate them afterward, ensuring proper records are maintained.
  • They assist in organizing necessary materials and resources, such as equipment for presentations.
  • Additionally, the secretary may provide support to the chairperson ensuring all requests and formalities are handled efficiently.

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