What is a ‘Memo’? Describe the importance of memo in organization.
Answers
Answer:
A memorandum (memo) is used to communicate something of immediate importance to people within a business or organization. A memo also can be sent to people or firms that have close or long-standing relationships, such as vendors or consultants. Like a business letter, a memo is a permanent record of your communication.
A memo, short for memorandum, is usually a small piece of written information used in business
environments for interoffice communication. Its core purpose is to give instructions or serve as a reminder
of events, actions or decisions. The primary motive behind memo writing is to broadcast information to a
large group of people.
It is prepared for junior person or committee, in order to give them information about a particular matter”.
A memo brings attention to problems. At the same time, it is excepted to be solved by the receiver; it might
be concerned with various decisions, like change in policy, price-increases or decreases, and change in the
current procedure.
Multinational enterprises need an effective changing system for maintaining themselves in the world
competitive market. So, for better communication seniors, juniors, need various kinds of memos for the
betterment or success of any firm.