Knowledge Audit and Corporate Memory of Indigenous Oil and Gas Companies in South-South, Nigeria

Author(s): NNYECHE, Theresa Chidinma and PROF. (MRS.) E.A BESTMAN.

Abstract:
This paper is aimed at pointing out the relevance of knowledge audit and the phenomenon of corporate memory within the context of Oil and Gas companies in the South-South region of Nigeria. Knowledge audit involves the systematic assessments of an organization’s knowledge assets with the aim of identifying, capturing, and leveraging knowledge to support innovation and decision-making. Corporate Memory is a generic concept used in describing the saving, representation, and sharing of organizational knowledge from an organizational history in order to revive present decisions, reduce cost, support cooperation among workers, the work, and the workplace both in multi-task and multiple-user environments, technically, functionally, and socially using the power (resources) within the organization. The reason for corporate memory is to cob organizational loss of memory through the development of memory bank. Organizational memory bank refers to the collective knowledge and experiences accumulated by an organization over time that encompasses information, data, processes, and practices that are stored and retained within an organization, serving as a valuable resource for organizational learning, decision-making, and performance.

Keywords: Knowledge audit, corporate memory, memory bank.

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