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For an organization to develop, to improve, and to innovate in this information age, it requires a management system that will maximize use of human potential that it has at its disposal and it develops by establishing a culture of learning and of continuous progress. The article offers a specific outlook on how to analyze, measure, and evaluate level of implementation of the learning organization theory as an approach to managing organizations at higher education institutions in the EU, including Slovakia, versus the private sector. It includes results from our research, which we conducted between the years 2011 and 2013. To evaluate results of our research, we used adequate mathematical and statistical methods. Methods of analysis and synthesis as well as a comparison method were used to interpret results from the research and to form conclusions based on which we have formulated theoretical and practical contributions. In the article we outlined possibilities for further development of the studied topic; we offer suggestions and recommendations for organizations that aim to implement the learning organization philosophy in practice. [ABSTRACT FROM AUTHOR]