Business communication is the sharing of information within an organization to achieve commercial benefit. It is important for managerial efficiency, as managerial tasks require an effective communication system. Effective communication also enhances employee morale and relations by emphasizing participation in management and building morale between employees and management. It allows for two-way communication that enables effective leadership within the organization and develops mutual trust and confidence. Overall, effective business communication helps make better, more timely decisions, improves staffing functions, and enables all managerial concerns like planning and organizing.