effective communication, qualitative critical thinking skills, and developing a sense of trust
A business is successful if it can attain the set goals and objectives as planned. Several factors can enhance business success, but the three principal agents that contribute to success are; effective communication, qualitative critical thinking skills, and developing a sense of trust. This paper thus seeks to discuss in detail the three main elements (Akaeze & Akaeze, 2016).
Carrying out effective communicator to the people inside and outside the business serves as a benefit to attaining success. Good communication assists in reinforcing the connections that exist between the different stakeholders, and offers several aids to the business. Communication benefits include; enhanced decision making, improved negotiation messages, strengthened business relations, and ethical decision making. Besides, when companies compete to win customers that they require for the consumption of their goods, the ability to communicate well with the customer is essential. In this case, communication entails listening, speaking, and writing well in different business settings (Akaeze & Akaeze, 2016).
All business contexts involve making several decisions that impact the future of the company. Thus, developing skills in analytical thinking is vital to ensure that decisions are made after a thorough process to avoid adverse outcomes (Akaeze & Akaeze, 2016). In the 21st century, the business environment is founded on complex situations, which often result in rapid decision making. Making decisions without enough information on the issue can lead to poor choices. To eliminate errors in decision making, there exist are various processes developed, for example, Kepner-Tregoe (KT) Decision Analysis, which ensures that decisions emerge after a step-by-step analysis. Also, good analytical thinking assists in consideration of three factors of an active process of decision-making: objectives, potential risks, and more possibilities that actions can take place.
Moreover, successful businesses are constructed on relationships among the employees and employer, all the stakeholders involved, customers, and company staff (Akaeze & Akaeze, 2016). The foundation of all the relationships in an organization is winning the trust of others by; practicing fair treatment to all people and creating an environment where everyone can share their opinions without feeling less important or discriminated against. When a sense of trust is stimulated in the business, the organization can record improved performance and morale from the staff and employees. Teamwork is recognized more than individual work. Finally, less time utilized to make decisions as their existing trust in the expertise and judgment of colleagues.