The importance of experiential learning cannot be denied because the environmental uncertainty is not always a predicted or surveyed one (Antonacopoulou, 2006). For many organizations the management has a predefined code of solving the structured problems but the condition worsens when the problem is an unstructured one. The use of experiential learning theory is therefore used by contemporary organizations at a wide scale (Lant, 2006).
The Experiential Learning Theory advocates the management learning styles and profile. But the fact cannot be denied that the organizational hierarchy and management need to handle this tool with care. Because Kolb’s cyclic process may fail to adhere to all types of problem (Maniam, 2000). The management need to practice and lean effective techniques of conducting the periodic market surveys and design backup policies and action plans relevant to different situations.
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