Evolutionary Learning Organization in a System Orientation of Ethico-Economics

Evolutionary Learning Organization in a System Orientation of Ethico-Economics

Masudul Alam Choudhury (International Islamic University, Malaysia & Trisakti University, Indonesia)
DOI: 10.4018/978-1-4666-4884-5.ch013
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A new theory of learning organization bordering evolutionary economics and management is introduced. It is referred to as an evolutionary learning organizational theory of behavior, decision-making, and goals of wellbeing in the larger context of the organization in a systemic sense of organic relations. The structure, functions, and analytical features of such an organization are studied in the context of an epistemological approach in order to lay down the inherent theory. This leads to a mathematical and rigorous explanation of the theory in a comparative and contrasting light with other contributions on learning organizations. The exemplification of the unique theory of evolutionary learning organization is found to exist in Islamic epistemological context. The chapter is made for this particular case within a generalized system model of wellbeing for decision-making of the firm that overarches intra-system and inter-systems at large.
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Some Definitions

Some definitions commence our short journey. These are of (i) evolutionary learning; (ii) the objective criterion, namely of wellbeing, representing the institutional ethico-economic worldview; (iii) the nature of unity of knowledge that underlies the idea of integrated decision-making.

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