Lietuvos jaunųjų mokslininkų konferencija „Mokslas - Lietuvos ateitis“. Ekonomika ir vadyba, 25th Conference for Young Researchers "Science - Future of Lithuania. Economics and Management"

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KNOWLEDGE MANAGEMENT PRACTICE IN NIGERIAN LAW FIRMS AS A TOOL FOR SUSTAINABLE DEVELOPMENT
Ndidiamaka Linda Nwabunike

Last modified: 2022-10-26

Abstract


The recognition and acceptance that knowledge plays a vital role in attaining sustainable development ofvarious business sectors have vastly increased over the years. Various studies have shown that knowledge management practice in knowledge-intensive industries relies on continuous acquisition and development of knowledgeable andskilled professionals to retain their relevance in the ever-evolving business landscape. The development of knowledge management practices in knowledge intensive industries such as law firms is a significant way to attain sustainable development, which strives to yield rewarding results for knowledge intensive industries. While there are copious scientific studies available on various knowledge-intensive industries, there is a pausity of research that analyze how lawfirms can utilize knowledge management practices as a tool for sustainable development by ensuring that knowledge resources are obtained and utilized in a sustainable fashion while taking into the account of social, ecological, and economical factors. This study aims to analyze the concept of knowledge management by identifying the importance and relevance of knowledge management from different authors, the processes involved in knowledge management practices and knowledge management practice in knowledge intensive industries such as the legal sector can utilize knowledge management to attain sustainable development. The research method adopted for this study is an analysisof scientific literature from various scientists to achieve a profound result.


Keywords


knowledge management; knowledge management processes; knowledge-intensive industry; sustainable development; law business sector; law firms.

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