Organizational learning has been an important topic for the journal Organization Science and for the field. The authors provide a theoretical framework for analyzing organizational learning.According to the framework, organizational experience interacts with the context to create knowledge. The context is conceived as having both a latent component and an active component through which learning occurs. The authors also discuss current and emerging research themes related to components of our framework. Promising future research directions are identified. The authors hope that their perspective will stimulate future work on organizational learning and knowledge.