Business Communication for Financial Services


1. Overview of communication in business

• Define communication

• Importance of communication

• Communication process

• Types of communication

• Communication barriers

• Channels of communication

• Communication with specific business audiences

o Determining target audience

o Benefits of using audience strategy

o Impact of language

o Distinguish between primary and secondary audience

o Demographics/cultures

o Self appearance

o Knowledge of topic

o Dissemination of information

2. Modes of communication

    1. Writing

i. Effective writing

• Importance and need

• Grammatically correct English in responding to written communication

• Words-usage, phrases and idioms

• Business vocabulary/sentence structure

• Punctuation

• Revising and proofreading/editing

• Structuring documents

• Language in business communication

• Formality in business communication

• Clarity in business communication

ii. Types of Written Communication

• Proposals and reports

o Primary and secondary research

• Business letters/messages

o Routine letters

o Goodwill messages

o Fax messages

o Memorandums

• Presentations

o Organization of presentation

o Use of visual aids

• E-Mail

o Use of correct tone

o Avoiding verbose language

o Writing for maximum effect - using language checkers

• Other types of written communication

o Bulletins

o Job descriptions

o Employee manuals

o Circulars

iii. Factors to consider in written communication

• Persuasive messages

• Negative messages

• Use of an active voice and avoiding passiveness in tone

iv. Advantages of written communication

b. Reading

• Understanding how to read business documents

• Improving reading skills

• Comprehension skills

c. Speaking

i. Effective oral communication

• Interpersonal communication

• Tone

• Language

• Choice of words

• Participating in a business meeting

• Essentials of negotiating skill

• Voice control and pronunciation of words

• Clarity and precision

• Correct style and vocabulary to suit business situation

ii. Advantages/limitations of oral communication

d. Listening

• How to be a good listener

• Concentration and application in listening

e. Non-verbal communication

• Body language

• Physical touch

• Posture

• Facial Expressions

• Gestures- 5 components

o Gestures for presentation and meetings

o Understanding different gestures in different contexts and cultures

3. Communication Challenges

o Typical challenges in businesses communication

• Undeveloped communication skills

• Lack of understanding of interpersonal styles

• Lack of leadership

• Lack of appreciation of differences

• Lack of teamwork

• Cultural differences

o Written challenges

• Understanding business language

o Verbal challenges

• Using the correct tone and syntax

• Retention of information

o Comprehension challenges

• Introduction to banking and business jargon

• Misinterpretation

o Listening challenges

• Understanding native and non-native English speakers

• Difference between listening and hearing

• Effective listening, avoiding miscommunication

4. Legal and ethical considerations

o Defamation

o Invasion of privacy

o Misrepresentation and fraud

o Ethical perspectives and their implications for responsible communication

o Use of acceptable/politically correct language


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