This document provides an overview of a business communication lecture. It discusses how trends emphasize the importance of communication skills for employees to contribute to productivity and profitability. Global competition and new technologies demand cultural and communication abilities. The communication process has 5 steps - the sender encodes an idea into a message, the message is transmitted through a channel which can be disrupted by noise, the receiver decodes the message, and feedback travels back to the sender. Excellent communication skills are important due to factors like flattened hierarchies, participatory management, self-directed work teams, and a focus on knowledge as a corporate asset.