What is organizational learning and what are the two principal types of organizational learning strategies proposed by James March?

What will be an ideal response?

Organizational learning is a process managers seek out to improve the decision-making ability of employees and enhance organizational efficiency and effectiveness. James March proposed that two principal types of organizational learning strategies could be pursued to improve decision making: exploration and exploitation. Exploration involves organizational members searching for and experimenting with new kinds or forms of behaviors and procedures to increase effectiveness. Exploitation involves organizational members learning ways to refine and improve existing organizational behaviors and procedures to increase effectiveness.