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. Human Resources (HR)

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

    Methods put in place by a company to ensure the integrity of ...
  4. Competitive Advantage

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

    A set of guidelines, ethics or ideas that represent the most ...
  6. Strategic Management

    The management of an organization’s resources in order to achieve ...
Related Articles
  1. Competitive Advantage Counts
    Active Trading

    Competitive Advantage Counts

  2. Measuring Company Efficiency
    Fundamental Analysis

    Measuring Company Efficiency

  3. How You Depend On Qualcomm Every Day
    Stock Analysis

    How You Depend On Qualcomm Every Day

  4. What Bill Gross, Steve Jobs and Steve ...
    Investing News

    What Bill Gross, Steve Jobs and Steve ...

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center