Day: January 11, 2022

Definition This is the fundamental reconsideration and redesign of organizational products/services in order to achieve drastic improvement of current performance in cost. As organizations continue to evolve and reinvent themselves to develop new focus areas and cater to new markets, Read More …

Kenya intends to become a knowledge-led economy wherein, the creation, adaptation and use of knowledge will be among the most critical factors for rapid economic growth. The Kenya Vision 2030 recognises the role of science, technology and innovation (STI) in Read More …

African indigenous knowledge systems are increasingly becoming an integral part of the global body of knowledge. Indigenous knowledge systems can be compared and contrasted with the global knowledge system (Warren, 1993) and in so doing uncover mechanisms for evaluating the Read More …

The term Indigenous Knowledge (IK) and innovation systems refers to a distinctive body of knowledge and skills, including practices and technologies, that have been developed over many generations outside the formal educational system and which enable communities to survive. Indigenous Read More …

The global economy is currently undergoing a major shift to a knowledge-based economy. The broad consensus, evidenced by extensive World Bank data, is that this shift presents a major opportunity for developing nations. In a knowledge-based economy, the principle means Read More …

A diversification strategy involves venturing into a new business to exploit growth opportunities in that area but is a high risk move because of the unfamiliarity with the new business. It makes sense when attractive opportunities are found outside the Read More …