Teachers, Students & Alumni: Benefits & Challenges of Developing a Virtual Online Learning Community Page 27 - Developments in Business Simulation and Experiential Learning, volume 42, 2015 ABSTRACT This paper explores online learning communities as a basis for sustainable academic organizational culture wherein learning, multi-directional mentoring and ongo- ing social network development are foundational for complex problem solving and enduring relationships among community members. First, the challenges of cre- ating a virtual and meaningful academic organizational culture are explored from faculty, student, and alumni perspectives. Various aspects of learning, with emphasis on whole persons and community, deep smarts, grit, and knowledge sharing are delineated. Multi -directional mentoring and social network development are consid- ered as pertinent to complex problem solving. Communi- ty development is inspected as an end unto itself. Peck’s community building model and Tuckman’s stages of group development are investigated for their relevance to the online learning environment. Finally, future di- rections for research are considered. TEACHERS, STUDENTS & ALUMNI: BENEFITS & CHALLENGES OF DEVELOPING A VIRTUAL ONLINE LEARNING COMMUNITY Lora Reed Ashford University Lora.Reed@Ashford.edu