African Behavioral Economics (Economics/Psychology crossover) | 14 September 2007
Indigenous Knowledge Systems as a Pillar in Business Practice within Democratic Republic of Congo: A Theoretical Framework
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Abstract
Indigenous Knowledge Systems (IKS) within Democratic Republic of Congo (DRC) have evolved over centuries, reflecting local cultural practices and beliefs that influence decision-making processes in various sectors including business. Theoretical synthesis will be employed, integrating existing literature on IKS, psychology, and behavioural economics to develop a comprehensive model that explicates the influence of IKS on business strategies and outcomes in DRC. This theoretical framework provides a foundational understanding of how IKS can be utilised to foster sustainable business practices in the DRC context by integrating traditional wisdom with contemporary economic theories. Future research should conduct empirical studies to validate these theoretical propositions using data from diverse regions within DRC, thereby enhancing our understanding of IKS and its practical applications in modern business settings.