Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Before we delve further into understanding the different types of communication models, it is important to deconstruct the basic elements which combine together to form any communication. It is important to understand these elements and their impact on their overall communication process.
The 8 basic elements of communication are as follows:
For example, a message could be sent in a written format. Alternatively, it could be sent in an audio or audiovisual format. Each channel has its own limitations. The same message may have to be constructed differently if it is transmitted by different channels keeping the limitations of channel in mind.
The noise could also refer to the technical issues which are faced during the communication process viz. disturbance in a telephone line.
Feedback is very important since it tells us whether the message has been received and understood by the receiver.
A model is widely used to depict any idea, thought or a concept in a more simpler way through diagrams, pictorial representations etc.
Models go a long way in making the understanding of any concept easy and clear. Through a model one can easily understand a process and draw conclusions from it. In simpler words a model makes the learning simple.
Let us now learn about the various communication models:
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