Why is Communication fundamental and does it affect a leadership?

Warren Buffett’s Communication
       Communication is one of the important traits of becoming an effective leader; it is sort of the real key of leadership. Warren buffet is a well skilled communicator in all aspects of life, he is an expert in always positioning himself at the right place at the right time.

• Warren has built and practised a consistently strong communication style over the years.
• This makes him a stabilised communicator, as he is aware of his own style of managing.

• Traits of skilled communication:

As we can see, the above diagram shows us the characteristics of communication. The stronger the connection with a symbol, the better the meaning will be shared. Every member of a group will surely share the same way of encoding and decoding a message and we must understand that there are things and words that will mean differently in different cultures. Everything is communicated through different ways with a purpose, by words, body language and in many other ways in different contexts. Communication intervenes though a 3rd party, for instance, via Internet, mobile phones and social network cites/apps. The messages sent are dependent on the opposite person sending one back.

ü Warren doesn’t simply just make a report on the subsidising profits of their insurance businesses; he explains the terminology, the meanings of the numbers and how he and his business partners think of it.

ü The metaphor he uses does a better explanation that all the terminology jargon does, though there might be misunderstanding sometimes, when the audience/ listeners don't receive the message of certain metaphors.

ü Warren refreshing sincerity and honesty makes the audience build the trust in whatever he says, after all, he has proved that he isn’t hiding anything.

ü After explaining how bad an economic situation was, Buffett would often give a fact-based context to view these realities and to persuade the audience with the facts, allowing them to get into a relieved position and that takes us back to the characteristic of a servant leader, it’s his job to ensure that the people involved in the economic situations feel secure about their investment and business activities.

There are many kinds of communications in the business industry and whether be it financial communication, communication among teammates or even general communications in life, they are all important. An effective communication is essential to team engagement, operational efficiency and, most importantly, high quality performance. That’s the reason why open, honest communication is the marker of so many great employers, just like Warren Buffett. Without communication, the team managements will be out of control and the sociability level won’t be up to standards.