The ability to communicate effectively is frequently ranked the number one key to success by business leaders. In one survey, executives earning more than $250,000 a year were asked to cite the primary factors in achieving success. First on their list? Communication skills. Solid communication skills are important not just in business, but in about any line of work. Which is why we’d like to offer some advice to this year’s crop of college graduates about to enter the workforce. Let’s start with the communication skill that can help you land a job in today’s tough economic environment…
It’s been said that the one constant in life is change.
As a firm based in Houston, the energy capital of the United States, we’ve seen a lot of change in our city lately. According to Graves & Company, a Houston consulting firm, ever since crude oil prices began dropping last year, energy companies have announced plans to lay off more than 122,000 workers around the world.
It’s easy to be a spectator. From an armchair perspective, we can clearly see what’s happening and second-guess the calls being made. At ground level, it’s not so easy though, which is why many companies can make mistakes when they fail to see what’s happening in front of them during bad times. In a time of crisis, it is critical for businesses to be aware of how circumstances will affect the company as an organization, as well as those individuals directly involved.
Unfortunately, for every company there comes a time when you have to break bad news. Breaking bad news to stakeholders is never pleasant. But communicating in the wrong way can make things even worse. Therefore, it’s important to know the best practices for successfully breaking bad news.
Quarterly earnings conference calls are an important communications tool to reach analysts, investors, reporters and others who follow your company. Although publicly traded companies are not required to conduct these calls, most do. For good reasons. Among them – the calls help analysts develop more accurate earnings expectations.