According to a study by sociologist Andrew Zekeri, oral communication skills were the number one skills that college graduates found useful in the business world.
Oral communication is significant to build rapport and trust. Its the most important component of business. It builds high level of understanding and transparency as it is interpersonal. Its a skill important for teamwork and building energy. Also, it promotes a receptive and encouraging morale among organizational employees.
Without oral communication companies cannot interact efficiently and it will lead to confusion and internal conflicts. If the employee cannot communicate effectively his/her needs may go unnoticed and may be blamed for miscommunication. For an individual employee as well effective communication is necessary to be a good manager as he/ she may have to interact and relay instructions to junior.
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