corporate amnesia

corporate amnesia definition - business

corporate amnesia

Loss of an organization's knowledge or procedures due to lack of organization or a turnover of personnel. For example, an extensive review of a firm's employment procedures must be repeated because an earlier study is misplaced or key participants retire and are replaced by new employees.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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