A very dinamyc and constantly changing environment forces companies to be faster and faster in responding efficiently to market demands. Corporate strategy nowadays is more worried about thecompany inside, to verify if it has conditions and necessary skills to move quickly and take advantage of market opportunities. Organizational learning and knowledgde creation are key elements to company sucess in this new environment. The present study defines twelve factors which favors organizational learning and knowmledge creation. After that, verifies how those key factors are applied in fifty medium and big sized Brasilian companies. Finally, it makes a correlation between the way those factors are applied and the companies market performance.