Benefits of a Liberal Arts Education on Effective Business Communication

With the growing popularity of science, technology, engineering, and mathematics (STEM) degrees, it is important to understand the value of a business degree coupled with a liberal arts education. Business degrees provide one with a multitude of beneficial skills including analytical thinking, problem solving, decision making, critical thinking, and project management. When coupled with a liberal arts education, business degrees become even more powerful providing young professionals with a competitive advantage by creating a more well-rounded individual with a broader education base. In addition to the benefits of a business degree, the liberal arts education provides increased leadership skills, creativity and innovation, adaptability, and both richer native communication and foreign language skills. This chapter focuses on how a liberal arts education provides one with more pronounced, stronger communication skills both written and orally, which directly provides value to businesses.

Neutralizing Maleficent Effects of COVID-19 Through Entrepreneurship

Entrepreneurs are regarded as the leaders of socio-economic, industrial, and business development. They are important pillars of any economy. They are the employment generators and contribute to economic growth. In the current scenario caused by the COVID-19 pandemic, we witnessed people across the world losing their jobs. An inclination towards entrepreneurial activities has been observed in 2020. People have started communicating how entrepreneurial activities are the only solution for economies in crises. The role of social media platforms cannot be under-emphasized, and therefore, an entrepreneur today has to be a master of various media of communication. This chapter aims at exploring the concept of entrepreneurship with special reference to communication. It highlights challenges and issues in the post-pandemic world with reference to entrepreneurship and the role effective communication can play in handling them. It also attempts to examine the use of the term ‘entrepreneurship' by general public on social media such as Twitter in particular with a view to work out its implications.

Neuroeconomics as a Factor in the Decision-Making of Women Entrepreneurs in Developing Countries

Neuroeconomics will help solve questions that constitute a good decision, the factors that influence decisions, and how they are made. The study will expose from the experts' opinion the tangible and intangible factors that influence decisions from the perspective of the neuroeconomics. A modified Dephi method that integrates neuroeconomics is used. Neuroeconomics has the potential to explain phenomena that are considered a deviation from the prediction or behavioral bias of decision-making models in economic theory. The study exposes the opinions that have a greater degree of relevance from the experts.

From Management 1.0 to Management 3.0 and Beyond

Traditional management models reveal issues with the introduction of unnecessary hierarchies, slow decision making, among other obstacles, which left a large number of workers out of the process of seeking efficiency and growth. In this sense, the third generation of management models focused on agility and collaboration emerged. Instead of focusing on hierarchies and functions, there is a priority on the way people behave and relate. In this sense, this study aims to analyze this phenomenon and to understand the various dimensions of Management 3.0. Furthermore, it intends to explore and understand the practices and challenges that are posed in its business implementation, focusing on the role of people and information and communication technologies.

Becoming Who You Are Through Authentic Organizational Communication

Business communication is comprised of standards designed for efficiency. Like commodities, official correspondences are often indistinguishable. Adherence to templates provides uniformity in arrangement if not also content. When this approach works well, it is both efficient and effective. However, the universal applicability of this paradigm is suspect. Such standardization stifles creativity. When one is responsible for communicating insights in business, a radical break with convention might be beneficial in terms of gaining attention and provoking thought. Deviating from established norms is risky. Further, while one learns key tenants of business communication at work and in college, one is seldom informed as to when to stop following the rules and forge a new communicative path forward. In this chapter, existential insights are combined with communication theory to illustrate how authentic organizational communication can assist in one becoming who one is while also communicating insights in a business in a way that the form and content are strategically aligned.

Racial Differences in Perceptions of Shared Leadership Among IT Managers

In the last decade, leadership researchers have demonstrated greater interest in the concept of shared leadership, perhaps due to increasing globalization and changes in organizational cultures. This leadership style, based on inclusivity, may replace traditional structures of hierarchical leadership, or exist as a complement. Despite potential benefits, unspoken power dynamics may prevent shared leadership from being completely inclusive. Guided by three research questions and explored via an online survey, this quasi-experimental study investigated significant racial differences in the levels of overall shared leadership among IT managers of different races, specifically White, Black, Asian, and other. Descriptive statistics and an analysis of variance (ANOVA) were used to examine the responses of 200 LinkedIn IT managers employed within the United States. Findings revealed that shared leadership did not differ across racial lines, and IT managers who engage in shared leadership may maintain their competitive edge in this ultracompetitive field.

Driving Insights via Processes of Socioemotional Being and Becoming

Being able to transcend disciplinarity in the development of effective strategies for the communication of insights in business is pivotal to progressive development and dynamic processes of change management. The unique cultural and situational specificity of military life has a long recognised and multifactorial impact on lives lived in active service, and veteran retirement is the focus of this chapter. This is highlighted via a consideration of how understanding the nature of ‘self' is epistemologically determined by human capacity to make meaning of experience, to reflect on the pre-existing of historical memories, and perhaps, most significantly of all, to formulate a reflexive and proactive response to the future. The situated nature of military service provides the chapter with a means of examining the fundamental nature of knowledge and ways of knowing, interpretation, and processes of meaning making transcend several fields of individual knowledge, such as philosophy, social science, medical science, psychology, and faith.

Effective Communication Approaches for Decision Analytics

Analysts ignore the context that shapes and constrains communication at their peril. The rhetorical context in which analytics is enacted influences the communicative approach. In this chapter, two dominate elements are considered: 1) analytic complexity and 2) rhetorical context. Along this analytic-rhetorical spectrum, a four-square matrix is developed using these elements to describe distinct environments in which analytics is enacted. While each of the four positions are addressed for inclusion in this chapter, the focus is narrowed to an exposition of strategies for effectively communicating insights within the realm of decision analytics. Marked by a more basic analytic framework, decision analytics aims to support successful consumption and utilization at senior levels of organizations. Decision analytics differ from other types of analytics since they support the process of making decisions versus providing information. This chapter focuses on how analysts can use decision analytics to effectively communicate analytic results and insights to senior leaders of organizations.

Process Improvement Through Visual Management

Departments in enterprises can benefit from visual management (VM) methods. This involves observing a framework of planning activities on a desktop. The information should be clearly visible and easy to understand to all involved. The VM framework used in this case really proved to be a great option in terms of clarity, motivation, process review, real knowledge of results, and correction procedures. The implementation of VM methods will bring to companies a cultural change. There will be some points of resistance to be worked; however, through the income statement, these will be overcame. Then, if we use an insight management (IM) platform, it is possible to cross all those data in diverse ways to produce several scenarios, which can be considered as visual analytics. This is relevant for the case in study, especially in order to explore new strategies based on the indexes envisioned to replicate the positive results throughout the entire restaurant group.

Prelude of Investment

The government of India has taken multiple economic reforms such as Jan Dhan Yojna, UPI, demonetization, and digitalization moving India towards a cashless economy. The financial landscape of India has undergone a radical change with the insurance sector bearing the torch on the road of exponential growth. The insurance penetration recorded was only 3.69% in 2017. The shockingly low participation of individuals indicated the existence of challenges that need to be addressed. The first section of the chapter explores the various factors creating a dilemma for investment in the insurance sector. The other sections of the chapter focus on the current scenario of Insurance investment and the paradigm shift in the perception of customers towards insurance products. The basic purpose is to implement systems thinking of looking at the whole and holistic picture with the highest inclusion towards nation-building and improving the penetration percentage and density of insurance in India.