Resource Mobilization — Entrepreneurship STD 11 Commerce — Question

A silo mentality is an attitude found in some organisations that occurs when several departments or groups do not want to share information or knowledge with other individuals in the same company.Increasing effect of Silo Mentality always :

• Reduces efficiency of overall business enterprise.
• It leads to poor communication, reduced trust, and often keeps one department or group against another.
• This leads to cost overruns, project delays, wasted efforts, poor products falling production and falling sales and ultimately less profit.
• It gives a bad reputation of an organisation in the market.
• It reduces morale among the employees.