Definition: Written communication is the process of communicating a message through written symbols. It is official communication between businesses and within an organization. It is a controlled communication and can be used as a reference point. Written communication can be considered a legal document, so it is necessary that the words chosen are careful, and …
Definition: Organizational theory is the study of the behavior and nature of organizations and their environments (Miner 2005, p.4). It includes a set of interrelated concepts showing how individuals or groups behave in an organization under different conditions. Research shows the internal and external environmental impact of the social behavior of an individual or a …
Definition: Formal communication is a flow of information through a predefined channel. The information is controlled and deliberately communicated. It flows the hierarchical structure of an organization and follows a proper chain of command. Types of Formal Communication Vertical Communication Horizontal Communication Diagonal Communication Vertical Communication In vertical communication, information flows between different levels, from …
Definition: The entrepreneurial process involves finding and analyzing opportunities and bringing resources together to achieve them. Entrepreneurship is a continuous process. The Entrepreneurial Process Idea Generation Opportunity Analysis Developing Planning Collecting Resources Forming Organization Growing Business #1. Idea Generation This is the first step in the entrepreneurial process. An idea can be a problem or …