Quantifying the Conversation: Relationship Between Business Communication Skills and Business Growth among Small Enterprises in Medina, Misamis Oriental, Philippines
Michael Ypil | Mary Beatrice Bustamante | Rhea Salon | Charlie Ihong | Roselle Lanuebo | Maria Mabanta | Voltaire B. Torrion
Discipline: business studies
Abstract:
This paper examined the connection between the skills of business
communication and the perceived business growth among small
business owners in the Municipality of Medina, Misamis Oriental,
Philippines. The study used a quantitative correlational design to investigate the role of interpersonal and negotiation communication on
four measures of business growth: revenue, employee development,
profitability, and expansion. The study involved a total of 71 registered small business owners of five selected barangays and stratified
random sampling was applied to make sure that there was fair representation. Appropriate statistical tools were used to analyze the data
collected using a validated survey questionnaire. Results showed that
there was a moderate positive relationship (r = 0.534, p = 0.000) between communication skills and business growth, which verified that
effective communication is a major contributing factor to the success
of an entrepreneur. Furthermore, it was found that interpersonal
communication exerted a slightly higher impact on the indicators of
growth than negotiation, which serves to highlight the importance of
an environment of trust-based relationships in running business affairs. The paper has concluded that communication competence is
one of the most important aspects in realizing sustainability, competitiveness and long-term development of small enterprises. The results can be of great use to business owners, government bodies, and
business organizations aiming at developing programs to enhance
communication skills and enhance local economic growth in an inclusive way
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