Silo Mentality

AAA

DEFINITION of 'Silo Mentality'

An attitude found in some organizations that occurs when several departments or groups do not want to share information or knowledge with other individuals in the same company. A silo mentality reduces efficiency and can be a contributing factor to a failing corporate culture.

INVESTOPEDIA EXPLAINS 'Silo Mentality'

Managers of successful firms spend a lot of their time trying to ensure that information flows freely between departments to ensure that all aspects of the company are functioning effectively. Contemporary management views suggest that the silo mentality mindset must be broken in order for employees to remain motivated and be happy to come to work. Efficient companies promote the sharing of information in an attempt to let the combination of groups function as a team.

RELATED TERMS
  1. Information Silo

    An information management system that is unable to freely communicate ...
  2. Competitive Advantage

    An advantage that a firm has over its competitors, allowing it ...
  3. Best Practices

    A set of guidelines, ethics or ideas that represent the most ...
  4. Human Resources (HR)

    The company department charged with finding, screening, recruiting ...
  5. Internal Controls

    Methods put in place by a company to ensure the integrity of ...
  6. PT (Perseroan Terbatas)

    An acronym for Perseroan Terbatas, which is Limited Liability ...
Related Articles
  1. Competitive Advantage Counts
    Active Trading

    Competitive Advantage Counts

  2. Measuring Company Efficiency
    Fundamental Analysis

    Measuring Company Efficiency

  3. Internships: Find The Best One For You
    Professionals

    Internships: Find The Best One For You

  4. The Unique Ways Women Approach Finance
    Fundamental Analysis

    The Unique Ways Women Approach Finance

comments powered by Disqus
Hot Definitions
  1. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  3. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center