THE ROLE OF INDIGENOUS KNOWLEDGE IN MODERN MANAGEMENT

Indigenous knowledge refers to a large body of knowledge and skills developed outside the formal educational system. They are usually embedded in culture of a particular community and unique to a given location. They importance has been increased in a few last years when a number of authors had stressed their significance for development of particular, usually underdeveloped regions. There is a leading opinion that the proper management of this type of knowledge is still missing. In the paper we focus the attention on difference between scientific and indigenous knowledge and we bring some arguments in favour of indigenous knowledge exploitation in modern management.