3 Secrets to Effective Communication During Rapid Business Growth - Entrepreneur Contributed Article

BlackBerry was once the big shot of the mobile industry. But since its peak in 2007, BlackBerry stock has fallen from $236 to less than $8 per share. So why did it lose more than 95 percent of its value in less than a decade?
The answer: ineffective communication. Ironically, leaders at Research In Motion (RIM) -- BlackBerry’s parent company -- couldn’t maintain lines of communication with internal teams. Because employees weren’t communicating, RIM’s executives were clueless to the true scale of BlackBerry’s problems.
Unfortunately, this isn’t an unusual story. Many otherwise-successful, growing companies falter because of miscommunication. Rapid growth is a wonderful opportunity, yet it abounds with chances for communication breakdown. Booming business necessitates new hires, but frantic hiring often leads to miscommunicated expectations, misunderstood roles and little interpersonal familiarity.
Read the full article here: http://www.entrepreneur.com/article/253518

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