EVOLUTIONARY LEARNING ORGANIZATION IN A SYSTEM ORIENTATION OF ETHICO-ECONOMICS

A new theory of learning organization bordering evolutionary economics and management is introduced. It is referred to as 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 study then is made for this particular case within a generalized system model of wellbeing for decision-making of the firm that over-arches-intra-system and inter-systems at large.