Abstract:
This chapter examines the integration of a business perspective in the management of indigenous knowledge (IK). Indigenous knowledge existed among the diverse societies in Tanzania since the beginning of life in such societies. With a business perspective it is considered that IK will be properly managed as the IK owners will be rewarded with some benefits for engaging in such business. Therefore, this chapter is designed to help readers understand: the status quo of managing IK in Tanzania; the applicability of the business perspective to the management of IK; the impacts of the business perspective in the management and development of IK; and the roles of stakeholders (IK owners and the government) in managing IK as a business enterprise. Thus, a business perspective for the management of such knowledge as a major source of development in this era of the knowledge economy is highly recommended for the appreciation revival of such knowledge.
