The Meyers Motor Company to­day is very different from the same company of 1965, yet many essential characteristics remain so that "Meyers is still Meyers." This suggests that organizations have , the means to retain and transmit information from past to future members of the social system

Organizational memory

Explanation:

Organizational memory, generally abbreviated as OM refers to the ability to store data, accumulate data and to retrieve data throughout the lifespan of an organization existence.

It is also referred to as corporate memory. An organization with an effective method of preserving its memory stands a lot to gain from it. It essentially would feed the organization with information about how a particular issue was tackled in the past before now. The method of tackling the particular issue and the gains made by the organization in tackling the particular issue.

This would make the organization leverage on experience and set its priorities right while being effective at it with its organizational memory being one of the backbones of its decision making process.

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