Strategies to Manage and Preserve Indigenous Knowledge

The knowledge society globally has made us realize that knowledge is an important resource in gaining not only a competitive advantage but also for social and economic development. Each society and country possesses some inherent information and knowledge, which is unique to its growth and development trajectory. This is ‘indigenous knowledge' or ‘local knowledge'. However, the method and approaches to preserve this ‘indigenous knowledge' or ‘local knowledge' is less known and neither understood by many, especially in the emerging economies. Hence, adopting a systematic literature review method and in-depth literature review, the aim of this chapter is to provide strategies to preserve and manage indigenous knowledge systems. Further, the chapter also provides a holistic approach to preserve and manage indigenous knowledge.