KNOWLEDGE MANAGEMENT - CORPORATE GOVERNANCE NEXUS: BUILDING SUSTAINABLE COMPETITIVE PRACTICES IN ORGANIZATIONS

Year 2019, Volume: 3 Issue: 1, 83 - 94, 21.07.2019

Charles Mazhazhate T. Mudondo

Abstract

This study seeks to promulgate the view that Corporate Governance remains an elu-sive concept in the minds of practitioners both in the public and private sectors of the economy without the creation of Knowledge Management bases.  This is im-pacting negatively on the attainment of Sustainable Development Goals in the de-veloping economies of the world. Knowledge management is instrumental in vision creation, culture change, organizational integration and strategy formulation. Knowledge Management helps to dislodge undesirable cultures that militate against corporate governance principles of accountability, responsibility, transparency, openness, truthfulness and communication. Decisions and policies will be made from an informed position. The process of enculturation can only be realized through knowledge management.   A descriptive case study research design was adopted. Both quantitative and qualitative instrumentation were used. Systematic literature review was conducted for each research question employed. Systematic random and snowball sampling techniques were used. The study found out that the absence of knowledge-able practitioners, lack of information, misgovernance and human greedy are factors affecting the implementation of corporate governance principles in organizations. Individuals at the helm of organizations are reluctant to set up fireproof systems that are conducive for corporate governance practices in line with industry best practices. The study recommends investment in Knowledge Management systems in order to obtain information that inform policy and strategy so as to create the needed capacity for sustainable competitive practices in organiza-tions.

Keywords

Knowledge Management, Corporate Governance, Sustainable Competitive, Policy

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