The Power of Learning Organizations

A learning organization has the capability to uniquely foster continuous learning among its members. Peter Senge of MIT, in his best-selling book The Fifth Discipline (1991) comprehensively elaborates the art and practices of a learning organization. Based on his book and various works of several other authors, this article synthesizes the different aspects of a learning organization. Several examples are utilized to demonstrate that learning organization concepts are practical and not unrealistic as some authors and practitioners believe. It is important for business schools to teach and practice the noble principles of learning organizations today since the importance of ethics, values and principles in decision making has been accepted as extremely important for organizations worldwide.