Organizational Memory

Organizational Memory refers to the collective knowledge and experiences that an organization retains over time. This includes information about past decisions, processes, and lessons learned, which can be shared among employees. It helps organizations avoid repeating mistakes, enhances decision-making, and fosters innovation by building on existing knowledge. Just like individuals remember past experiences to make better choices, organizations store their insights and experiences to improve efficiency and effectiveness in the future. This memory can be found in documents, databases, or even in the minds of employees, and it is crucial for maintaining continuity and adapting to change.