Levitt & March (1988) – Organizational Learning

The exercise was created 2025-10-27 by vonthax. Question count: 8.

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  • How organizations store and use experience Organizational learning
  • A repeated pattern of action or behavior Routine
  • Rules, procedures, and culture that store experience Organizational memory
  • Improvement through practice and repetition Learning by doing
  • Getting stuck in old successful routines Competency trap
  • False learning based on wrong cause–effect links Superstitious learning
  • The rate at which performance improves with experience Learning curve
  • Limited ability to process all information Bounded rationality

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