This document discusses the nature and importance of business communication. It defines business communication as the flow of information between people at different levels of an organization to allocate work and promote products/services. The nature of business communication is described as a continuous, contextual, two-way process aimed at achieving organizational objectives and dispelling misunderstandings. Some key importance of business communication include bringing people closer, saving time, breaking barriers, and influencing actions/attitudes. Overall, the document emphasizes that effective business communication is important for sharing information within an organization.