Survey Was Undertaken by Watson Wyatt Worldwide in 2005-2006

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In addition, importantly, it is impossible for managers to set plans alone and far away from distractions. Instead, use communication, such as

A survey was undertaken by Watson Wyatt Worldwide in 2005-2006 pointed out, companies that communicate effectively have a 19.4% higher market premium than companies that do not. And shareholder higher over the last 5 years (2000-2004) than were returns for firms with less effective communication. (Bessie L& Carol, 2006)

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A manager should not plan projects alone, though. Instead, use brainstorming meetings to include every member of staff involved in the project.

Brainstorming will not only allow every team member to be part of the solution, it will also allow management to gather all the best ideas. Consider all the ingredients necessary for the successful execution of the project and think about any potential pitfalls that may hamper or destroy the project.

Listen to Team Members

Management must take time to listen to the contributions of every team member and, once all the opinions have been considered and the tasks have been determined, decide on a plan of action to accomplish the tasks. A plan should include details of which team member will do what, when tasks will start and how long they will take, what has to be done to complete each task and what the consequences will be if these actions are not carried out.

Leading is Key to Effective Communication

For a manager to be an effective leader, he or she must