This paper suggests that knowledge and learning are closely intertwined. An overview of some of the key differences between the respective concepts of the learning organisation and knowledge management forms a basis for exploring the link between these two concepts. Both concepts are under evolution. A model that contributes to the formation of an ontology for analytic discussion, and the implementation of knowledge management, the Learning with Knowledge Cycle, is proposed. The stages in this Cycle are: knowledge creation and construction, knowledge articulation, knowledge repository updating, knowledge access, knowledge use and knowledge revision. The Cycle represents the learning process within organisations and is applicable to both tacit and explicit knowledge. All stages in the Cycle contribute to effective organisational learning. Examples of the knowledge-based activities that contribute to each stage in the Cycle are given. Knowledge management is concerned with the facilitation of the activities that support each of the stages in the Cycle.
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