Organizational Learning and Growth.
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What does it mean that an organization learns? After reflecting on the journal article, evaluate the importance of learning to an organization and discuss what is necessary for it to occur. Explain your answers with examples from your experience, whenever possible.
Journal: http://www.wedb.net/download/quanti/afe_2009/aula1_afe/lopez_peon_ordas_2005a_ol_as_a_determining_factor_in_business_performance.pdf
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Solution Summary
In today's business and economic environment, learning and growth initiatives play a critical role in improving performance and success of an organization. According to the current models of business performance measurement, learning and growth has been recognized as a key performance indicator. Organizations must ensure that learning and development activities are an integral part of their strategic planning process and sufficient resources and commitment must be visible at all management levels.
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"In today's knowledge based global economy human capital is recognized as a key driver of success in all types of organizations. Most management experts have accepted that all organizational assets, other than people, such as, cash, buildings and equipment, are passive resources that require human application to produce value (Fitz-enz 2009). Consequently, an organization's competitive advantage and success are largely determined by the quality of its workforce. Successful organizations realize the significance of training and development initiatives and make continuous efforts to upgrade the knowledge and skills of their workers (Karim 2011)."
Organizational learning and growth as an indicator of organizational performance gained popularity when Norton and Kaplan introduced the concept of Balanced Scorecard as a ...
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