Leadership: Final Project, Communication Strategies 1
MAN-376-OL009 take home assignment with a well-structured essay. An
Analysis of Communication Strategy At Lacola Bank
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, Leadership: Final Project, Communication Strategies 7
An Analysis of Communication Strategy At Lacola Bank
Introduction
The main component of success for any company that hopes to stay in business and
remain profitable should be a keen and sophisticated communication system. The flow of
communication can be the difference between a business that struggles to stay afloat and a
business that thrives and is a leader in its chosen field of operations. Aaron Mandelbaum (Sep
18, 2019) stated that effective communication could mitigate project delays and help teams stay
on time and budget for projects while ensuring that the business can complete its goals and fulfill
its overall objective according to its business model and strategic plan. At the forefront of a
business's communication program should be the company's senior leadership. The senior
leadership, from the Chief executive Officer (CEO) to the local branch manager, should
communicate in a cohesive way to avoid any unclear dialogue that could cause a strategic
mishap and cost the business money in the short and long run. If a company does not have a
sound structure of communication, the information will not perfectly flow to the lowest ranks,
which can cause discord in the managerial levels. Formulating a plan that allows communication
to flow seamlessly will set the tone for how the entire company. It is imperative that the
company's board of executives choose to place someone who possesses excellent communication
skills and places a strong emphasis on having an orderly, structured flow of communication in
power positions. This should be the first step taken when coming into an organization with know
communication flaws. The four management styles that emphasize communication are visionary,
democratic, transformational, and coaching; thus, a good leader for a business must possess
unequaled skills in one or more of these styles and less of a coercive management style. As in
any profitable business model, the flow of communication should start from the top and move
progressively to the lowest employees in the business, who take the messages in those
communications and put them into action. There should be no reason for the CEO to have any
active discussions with a branch manager. If the top leader in a company goes straight to a local
branch manager to communicate what he wants to be done, then that CEO has effectively cut out
the entire chain of command for that company, leaving them all in the dark with no knowledge of
what was said. Once the branch manager starts to implement what he/she was told to do, their
direct manager will question them on what they are doing. Once the district manager realizes
MAN-376-OL009 take home assignment with a well-structured essay. An
Analysis of Communication Strategy At Lacola Bank
ACADEMIC WRITING & RESEARCH SERVICES
Professional | Original | Reliable
Academic Writing • Research & Analysis • Thesis & Dissertation Support
SERVICES OFFERED
Academic Writing
Research & Data Analysis
Thesis Writing Assistance
Dissertation Support
Assignment Help
Literature Reviews
Case Studies
Research Proposals
Editing & Proofreading
Referencing & Citations (APA, MLA, Harvard, Chicago)
Proctored exams
Why choose us?
High-Quality Work
Plagiarism-Free Content
Timely Delivery
Confidential & Professional
Well-Researched Academic Solutions
Contacts
Gmail:
WhatsApp: https://wa.me/254721933068?text=
Empowering Academic Success Through Professional Writing & Research Excellence
, Leadership: Final Project, Communication Strategies 7
An Analysis of Communication Strategy At Lacola Bank
Introduction
The main component of success for any company that hopes to stay in business and
remain profitable should be a keen and sophisticated communication system. The flow of
communication can be the difference between a business that struggles to stay afloat and a
business that thrives and is a leader in its chosen field of operations. Aaron Mandelbaum (Sep
18, 2019) stated that effective communication could mitigate project delays and help teams stay
on time and budget for projects while ensuring that the business can complete its goals and fulfill
its overall objective according to its business model and strategic plan. At the forefront of a
business's communication program should be the company's senior leadership. The senior
leadership, from the Chief executive Officer (CEO) to the local branch manager, should
communicate in a cohesive way to avoid any unclear dialogue that could cause a strategic
mishap and cost the business money in the short and long run. If a company does not have a
sound structure of communication, the information will not perfectly flow to the lowest ranks,
which can cause discord in the managerial levels. Formulating a plan that allows communication
to flow seamlessly will set the tone for how the entire company. It is imperative that the
company's board of executives choose to place someone who possesses excellent communication
skills and places a strong emphasis on having an orderly, structured flow of communication in
power positions. This should be the first step taken when coming into an organization with know
communication flaws. The four management styles that emphasize communication are visionary,
democratic, transformational, and coaching; thus, a good leader for a business must possess
unequaled skills in one or more of these styles and less of a coercive management style. As in
any profitable business model, the flow of communication should start from the top and move
progressively to the lowest employees in the business, who take the messages in those
communications and put them into action. There should be no reason for the CEO to have any
active discussions with a branch manager. If the top leader in a company goes straight to a local
branch manager to communicate what he wants to be done, then that CEO has effectively cut out
the entire chain of command for that company, leaving them all in the dark with no knowledge of
what was said. Once the branch manager starts to implement what he/she was told to do, their
direct manager will question them on what they are doing. Once the district manager realizes
