Strategic Knowledge Management

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management process.

**Chapter 4**

**Abstract**

management system.

**1. Introduction**

Knowledge Management and Its

Management in the Finance Sector

Given the broad economic, environmental, and social challenges in the modern competitive environment, it is not surprising that effective sustainability management has emerged as an important variable in the strategic management process. Increasingly, firms are finding it necessary and beneficial to build sustainability principles into their strategic planning, and the extant research has shown that effective strategic management of sustainability can have a variety of positive outcomes for the firm such as improved economic. Given its demonstrable importance to the strategic management process, and the noted absence of a knowledge management process in the literature, this chapter seeks to address the broad research opportunity to explore what elements comprise a sustainability knowledge

Given the broad economic, environmental, and social challenges in the modern competitive environment, it is not surprising that effective sustainability management has emerged as an important variable in the strategic management process [1, 2]. Increasingly, firms are finding it necessary and beneficial to build sustainability principles into their strategic planning, and the extant research has shown that effective strategic management of sustainability can have a variety of positive outcomes for the firm such as improved economic [3, 4], improved human resource factors [5, 6], and reputational benefits [7, 8]. Historically, strategic sustainability management has had an 'outputs' focus [9, 10], such as, the focus on reporting sustainability outcomes fundamental to the triple-bottom line (TBL) framework. However, scholars have recently noted the shortcomings of the TBL (and similar) frameworks that emphasise the outputs of sustainability management rather than the antecedent resources and capabilities [11]. Recently, there has been a push to reassess the research approach to researching effective sustainability management processes by refocusing on the application and nature of strategic inputs [12]. Over the past 30 years, the focus on strategic antecedents has been evident in other disciplines (e.g., human resource management, accounting and finance, and marketing) that have been elevated to operate as integral aspects of the strategic

Role in Strategic Sustainability

*Timothy Donnelly and Mark Wickham*

**Keywords:** knowledge management, sustainability, finance sector
