Question

In: Economics

1. What is a learning organization and how can it be beneficial?


1. What is a learning organization and how can it be beneficial?

Solutions

Expert Solution

A learning organization is refers to an organization that facilitates the learning of its employees to ensure that the organization can continuously transforms itself in response to the requirements and aspirations of people, both inside and outside itself . It intends to to enhance knowledge, competence and performance levels on an ongoing basis, thus helps to promotes continuous improvement and supports the achievement of business targets, innovation and the adaptability to deal with change.

Benefits of learning organization are:

-- Improving productivity

-- Efficiency gains

-- Increased profit

--Developing leadership skills at all levels

--Creating a culture of adaptive capacity, inquiry, and knowledge sharing (instead of knowledge hoarding)

-- Reducing employee turnover, as employee satisfaction levels increases and loyalty and commitment rises

--Improving individual ability and teams to embrace and adapt to change

-- Raising the bar with the developing a process of a continuous improvement mindset, shared ownership and accountability for results of the project


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