corporate amnesia

corporate amnesia
Gen Mgt
loss of organizational history and memory. Corporate amnesia occurs when senior or long-standing members of staff leave and their personal knowledge, built up from years of experience in the company, goes with them. This is occurring more frequently with the rise in downsizing and delayering, and the phenomenon goes hand in hand with the anorexic organization. Amnesia can be a significant disadvantage to an organization, causing it to forget the lessons it has learned and to waste time and effort in doing things again.

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