'Memo' or Memorandum is an official written (or typed) document or report which is recorded and communicated with all the interested parties within an organization. The sole purpose of drafting a Memo is to disseminate essential business information to all those who are associated with the subject or objective mentioned. It is more of an informal type of communication.
Yes, according to me memo will be the most appropriate form of communication for informing the stakeholders. Since stakeholders play a very important role for an organization they need to be informed about official updates at regular intervals. Memo is thus the most suitable mode to communicate these information, instructions or advises to all the stakeholders internally as it serves the purpose properly specifying all the necessary details in a professional format.
Advantages of Communicating through 'Memos'
- It helps in building healthy relationships among all the parties of the organization.
- Lengthy and complicated information can be communicated easily.
- It acts as an efficient reminder.
- It is an effective tool to ask and give suggestions and opinions about specific issues.
Disadvantages of Communicating through 'Memos'