Organizational Learning

Organizational learning is a process of getting knowledge, interpreting the information and then distributing the information and finally but most importantly preserving this information for adapting successfully in the changing circumstances.

Getting knowledge can be done through imitating competitor’s strategies, by experience or by simply learning different modes for the betterment of the organization. Since the quality of planning depends on the quality of information it is based on, the absence of credible data makes all exercises done in the name of economic planning futile for all practical purposes.

Interpreted information actually reflects a collective understanding within the firm that how each and everyone is taking that information. There always exists some interpretation problems within the organization about information, here the role of managers is very important in dealing with the strategies within the organization.

Once the knowledge is in the organization it is now the responsibility of the management to establish mechanisms for distributing it to relevant departments or employee.

Usually the challenges faced by some organizations in knowledge distributions are
· Locating who has needed information
· And importantly what kind of information

Finally, information preserving or retaining is a key to success and to gain competitive advantage over competitors. It can be done in many ways like Information retention.

· Making the individuals working in firm loyal to the firm
· Creating a strong organizational culture
· A structured transformation procedure for the preservation like some physical or written measures