You Make the Call-Situation 3

question 89

Essay

You Make the Call-Situation 3
For years, a small distributor of welding materials had followed the practice of most small firms, treating the board of directors as merely a legal necessity. Composed of two co-owners and a retired steel company executive, the board was not a working board. But the company, run informally with traditional management methods, was profitable.
After attending a seminar, the majority owner decided that a board might be useful for more than legal or cosmetic purposes. Thus, he invited two outsiders-both division heads of larger corporations-to join the board. This brought the membership of the board to five. The majority owner believed the new members would be helpful in opening up the business to new ideas.

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Definitions:

Internal Audience

An organization's employees or members who are the intended recipients of its communication.

Shareholder

An individual or institution that owns at least one share of a company's stock.

Office Manager

A professional responsible for overall office operations, ensuring efficient functioning through administrative, financial, and managerial tasks.

Good Business Communication

The effective exchange of information and ideas within a business environment that aids in decision-making and problem-solving.