This document discusses communication, defining it as the exchange of information between two or more parties to establish a common understanding. It notes communication is important for businesses and can be harmed by barriers. The document outlines the meaning of communication, requisites like having two or more people and being a two-way process, different types like one-way and two-way, the communication cycle, advantages like increased understanding, disadvantages like potential for confusion, and concepts like noise and signal-to-noise ratio. It concludes that properly applied communication is effective for decision making and problem solving but can be hampered by distortions.