Comparing "traditional knowledge" (as in indigenous communities) to "traditional science" (as in scientific method) offers a useful metaphor—and perhaps a better model—for the problem of constructing KM solutions, which are typically approached as an extension of "scientific management" even though organizational interventions respond better to anthropological approaches rather than technological ones.
Knowledge in the Wild
The International Council for Science defines traditional knowledge as the accumulated learning, skills, and practices maintained by communities with long experience in their environments. That knowledge informs day-to-day decisions and long-term worldviews on practical and fundamental aspects of a group's practices.
"Traditional knowledge" suggests (wrongly) that this knowledge is rooted in the past without necessarily renewing itself, which it does. "Indigenous knowledge" is a better term, emphasizing the situation of knowledge: its inextricable link to place and context. This situated knowledge is almost always framed by social responsibility and long-term sustainability. Nevertheless, it tends to sound like "common sense" (which it is, literally) about practical advice and everyday reality, albeit based on a long view stretching back generations, centuries or longer. It also balances collective and individual stewardship for the knowledge that is vital if the group is to survive and thrive.