I do agree with the concept of Knowledge management which started to be hard two decades age. Through knowledge management organizations seeks to ensure that they are at the location, place and time in their decision making process. Knowledge management in organizations is usually supplemented by organizational learning. As a matter of fact, organizational learning usually establishes a knowledge structure which would eventually respond to business decision making (Horace, 2011). The critical role of the managers is to make decision for the organization. Organization shareholders usually their resources and trust in an organization where the management usually makes consistent decisions which makes secure returns and profits on investment. The work will illustrate how organizational learning is important for its development.

The significance of organizational learning is that it creates an environment that makes the management to understand and determine the effectiveness of organizational learning in decision making. Innovation within an organization requires an integral system in the process. In order for the organizations to maintain a competitive advantage in the market, there is need for it to be knowledge and innovative driven in order to meet their goals and profits (Levitt, 2014). Knowledge learning is of great import for the organization because it assists the organization to establish the stock in order to eliminate the stock out costs for the organization. The organization usually adopts innovative structures and conduct research which assist the management in decision making.

In conclusion, organization learning is basically a crucial necessity when it comes to the success of the organization. Organizations which have the knowledge to differentiate themselves have the potential to create a competitive advantage (Nonaka, 2013). Organizations such as Samsung and Apple are best examples of organization which have benefited from competitive advantage and organizational learning. Through organizational learning these organizations have become innovative and creative.

References

Nonaka, I. (2013) ‘Handbook of organizational learning and knowledge’. Oxford: Oxford University Press

Levitt, R. (2014). ‘Organizational learning’. Annual Review of Sociology 14: 319–340.

Horace, L. (2011). ‘Knowledge Management and Organizational Learning’. Oxford University Publishers.