Abstract
Traditional knowledge systems that are closely linked to the conservation and sustainable use of biological diversity should be conserved by indigenous communities through the establishment of indigenous knowledge programmes. In indigenous knowledge systems, aspects such as values and beliefs, medicine, technology, education, communication, agriculture, food, and arts and crafts should be managed to the benefit of the community. In the new knowledge economy, the knowledge of individuals is the greatest asset. The tacit and explicit components of indigenous knowledge must, therefore, be managed efficiently. The use of communities of practice serve as an example of a means of exchanging knowledge between communities, external parties with an interest in the conservation of indigenous knowledge and facilitators who can help with the creation and maintenance of indigenous knowledge.
Highlights
The knowledge economy is based on the development, production, distribution and use of knowledge and information (Vaile 2000)
The following characteristics distinguish the knowledge economy from a traditional economy: z It is an economy of abundance. z The issue of position/setting is not applicable. z Value is attached to additional knowledge. z The price and the value of a product or service are determined by its context. z People capital, in other words, proficiency and skill, determine the value
Knowledge management arose from this knowledge economy
Summary
The knowledge economy is based on the development, production, distribution and use of knowledge and information (Vaile 2000). Technology and knowledge are the key factors of production. With increased mobility of information and the global work force, knowledge and expertise can be transported instantaneously around the world, and any advantage gained by one company can be eliminated by competitive improvements overnight. The only comparative advantage a company will enjoy will be its process of innovation – combining market and technology know-how with the creative talents of knowledge workers to solve a constant stream of competitive problems – and its ability to derive value from information (Enterweb 2005). Z The price and the value of a product or service are determined by its context. Knowledge management arose from this knowledge economy. Drucker and Strassmann stress the importance of information and tangible knowledge as resources in enterprises, while Senge emphasizes the cultural dimension of knowledge management (Barclay and Murray 1997)
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