Tuesday, August 7, 2018

Memo


Memo

memo

ˈmɛməʊ/

noun


a memorandum.

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A note or just referred to as a memorandum (memo) is usually a formal document containing an announcement that’s typically written by higher authorities of a corporation with the aim of sharing or communicating information. The main objective behind a memo is that it aims to record and relay information, and to make brief appeals. A memo is also essential in any field of business because it helps build and maintain good relationships. Companies need to be able to establish accountability for different scenarios that may arise in business, and a memo helps in this regard while also saving you the hassle and time writing a formal letter for every announcement. Corporate offices use memos to relay information to employees regarding upcoming or past events as well as any other changes that shall be made or are effective in the company. Memos in general are perceived as less formal than a letter. Memos are traditionally sent as hard copies, but can also be delivered electronically. The memo has been use in now for more than a century, memos letters are significant to businesses.

Being able to write letters, reports and notes, among other things, is a very important skill to have in business and one’s own personal life. When you write effective letters you tend to yield more good results. More often than not, people assess you the quality of your writing.


Businesses have evolved and as they continue to evolve even further and become ever more complex, it becomes increasingly important for companies to communicate effectively and keep records of what they were/are doing. The need for a concise, efficient communication document has become even more pressing. Business people need to keep up new developments and the memos as a style of internal business communication is perfectly suited for this need. Memos started being used in business in the 1800’s and by the 1920's, memos had transformed how businesses interactions where happening. Even today memos remain a major way of getting ideas across in a business. Technology has changed how business people prepare and deliver memos, In the past you would have to write up memo (or several memos) by hand…But to day you have the BizOwn inc - Member area where you open your memo form fill it in and email (or print) it to the relevant parties, thus saving time and money.

Memos are extremely Inexpensive to produce, this is key and greatly advantageous. Even if your business physically prints the memo, doing so surely costs the company far less than it would if it had to stop work entirely just to have a formal meeting regarding what the memo is addressing. If your company sends its memos via email, that business is also able to communicate without having to incur the expense of having to use ink and paper for its memorandums.

A Memos’ information is harder to deny compared to something that was/is communicated verbally, this is because the memo is evidence of what the writer is saying. If there exists a dispute concerning what is being said, employees and managers can simply refer to the memo and easily resolve the conflict. The memo is also used as a reference for employees in the future as a way of maintaining memory clarity. This keeps operations efficient.

When writing a memo, you should write in a brief and simple way. Be direct with the information you are sharing. Memos do not usually exceed a paragraph or two and are usually just a bulleted lists of information.

Business memorandums show what is happening in a company at a specific point. They display who is/was involved in those company actions, what the goals are and who introduced them. By keeping a minimum of a digital copy of each memo produced, the company has records of the operations. These are useful for audits and showing investors and other interested parties that the company is progressing towards its’ goals.

Businesses create and send memos without taking away everyone’s attention from their normal everyday tasks. This is true even if the memo is physically printed, employees can read the memo at their leisure and don’t have to turn away from their work in order to receive the announcement. This has proven to be much less disruptive than other means of communication such as phone calls, instant messaging or meetings.

A formal memo’s first part of the paragraph should state the purpose of the memorandum and then follow through with additional information.

The distribution of a memo is relatively easy. For paperback-copies, it’ll take one person to hand the memo out to all employees of an organization or put it on the employee noticeboard. It usually does not take more than a single shift for a memo to travel from department to department. Digital memos make it all the more easier, in that memos can be directly delivered to hundreds or even thousands of workers with a few seconds of a single click of a button.

Business memos by design are created to be short and to the purpose. Whatever is within the memorandum is proof, as well. Both these points encourage the author of the memorandum to apply herself critically about what she puts into the memorandum. By doing this, the writer gets a clear picture of the intent behind the writing and thus is better able to defend the memo's purpose in the future.

Maintain an office tone and use easy-to-understand language in writing the memo notice, it is meant to be read by a number of people. Keep in mind that you should not include any personal statements.

This article is about the memo (memorandum) and its application in business. Many other documents that are used with the memo can be viewed at the Business Own Corporation MIND Repository.

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memorandum


mɛməˈrandəm/

noun

1.  a written message in business or diplomacy.

"she told him of her verdict in a memorandum"

synonyms:
message, communication, note, email, letter, epistle, missive; informal memo

"a memo note from the decision maker to any and all staff"

2.  a note recording something for with regards to future usage.

"both countries signed a note of understanding on economic cooperation"

synonyms:
record, minute, note, contract, agreement

3. LAW

a document recording the terms of a contract or different legal details.

"articles of association should be signed by subscribers to the memorandum"

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