The dynamics of rapid change, heightened global competition and advancing technology mean that organizational success will be increasingly dependent on learning. The key motive for this study had been investigating and explore the current state of organizational learning, strategic orientation process and its impact on innovation with the help of frameworks. Learning is a process where knowledge lays the foundation for both - input and output. Thus, the framework of organizational learning contains four related (sub)processes - knowledge acquisition, distribution, integrating, and institutionalizing that occur over three levels: individual, group, and organization. A well - planned organizational learning system serves the overall business strategy. It also addresses the fact that learning in an organization requires a strategy of its own. Successful knowledge management and learning do not occur through isolated interventions, but through a systematic and comprehensive plan that outlines the specific competencies that a company intends to develop. For this reason, emphasis has been placed on the joint action and the interplay of learning and strategy, given that these two variables in cohesion represent the key to achieving innovation, high performance and sustainable competitive advantage.