Internal communication is not something entrepreneurs are likely to find as a line item on a budget, but allocating resources to improve the way your company communicates internally has shown to have a big impact on performance. 

For example, implementing highly effective communication practices makes companies 4.5 times more likely to have highly engaged employees and 20 percent more likely to have less employee turnover, according to data cited by Weekdone, a startup that builds status report software. 

Some of the ways businesses can improve communication between management and employees include using online tools instead of in-person meetings and making company objectives public by publishing team and personal goals online.

This infographic lists 10 ways businesses can build stronger teams and improve company competitiveness by adopting effective communication practices.