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Wikipedia defines a learning management system (LMS) as: "A software application for the administration, documentation, tracking, and reporting of training programs, classroom and online events, e-learning programs, and training content." What that means is that the right learning management system can help you better reach your training/education goals whether they are focused on continuing education, eLearning availability, synchronous or asynchronous learning, mobile learning, certification programs, or even eCommerce and more, learning management systems are designed to provide the features you need to make sure your unique learning goals are met and a positive ROI is achieved. An LMS is a branded, secure extension of your organization's training/education effort to deliver content and materials in an easy, professional, managed and accessible manner - for users and administrators. 

"In the "e-learning era" the focus of training moved to designing and developing sophisticated, self-paced, online course content, and then managing access to it in a LMS. With the emergence of the "networked learning era" training departments have begun to think about how they can add "social" into the mix."