This is the most comprehensive guide to organizational learning you'll find online. Don't believe us? Keep reading.
Do you remember the Nokia mobile phones? In 1998, Nokia was the best-selling phone brand in the world. Revenues skyrocketed by 503% in the years 1996-2000.
But, in just seven years, Nokia plummeted from a share value of $150 billion to selling for only $7 billion.
So, why this disastrous fall? A big part of the reason was that Nokia failed to adapt and learn from new circumstances. The increasingly risk-averse company didn’t have an organizational learning culture.
Instead, the company culture hindered learning. That stunted innovation, as it builds on learning and the ability to create, retain, and transfer knowledge within the company.
