Some executives prefer face-to-face communication, even if immense costs to the budget are incurred in travel. Human interaction is beneficial and vital to networking, bonding and building relationships. It is an integral part of a business, education, friendship, family or any organization. Distant communication has many advantages, it is cost effective and saves time, you can communicate with family, friends, clients and colleagues located in various cities globally.
An excellent way for a company to update personnel on company related matters is is to utilize a blog or the intranet; it significantly reduces cost and time. Business, family or military members can use a video conference or Voice Over Internet Phone systems (VOIP) to communicate worldwide. Executives can receive urgent text messages during a meeting, in the car or at the airport and relay important decisions immediately. Email is an excellent tool for business and personal communication. Scheduling can be accomplished via text messages or email. Anyone, no matter where they are located, can earn a degree from an accredited online university through the use of distant communication.
A survey of communication conducted by Watson Wyatt for the 2009/2010 period stated that "companies that communicate effectively had a 47 percent higher return to shareholders over a five-year period." Meetings that include shareholders, managers and board members may reduce conflict and litigation. When communicating in person, people are more willing to open up since they tend be more guarded in their emails and text messages. Face-to-face communication is essential to effective communication, you are able to pick up visual cues and bond with someone.
Socializing is the best way to communicate with family, friends, employees or the client. People tend to open up more when you interact with them on a personal level. Meeting for lunch or drinks with a client is an excellent way to strengthen a relationship. Various clubs, organizations and charities effectively communicate with one another by organizing large group meetings and social events.