During the last several decades, the diversification of economic activities has become a paramount policy for nations and cities with heavy dependence on a single economic driver. Particularly island economies, relying mainly on tourism income, are among the most vulnerable ones to the shocks of global financial crises. In the recent years, some of these tourist islands had attempts to diversify their economic activities by moving towards a knowledge and innovation economy. This paper places one of these islands—Florianópolis, the capital city of the Brazilian state of Santa Catarina—under the microscope to address the question of ‘what it takes to transform a tourist island into an innovation capital’. In order to tackle this question, the study examines economic, social, spatial, and governance conditions and performances, along with the plans and processes of Florianópolis in moving towards an internationally recognized smart innovation island. The methodologic approach includes systematic review of the literature and qualitative analysis of the key development domains of Florianópolis through the lens of knowledge-based urban development. The results of this study provide insights into how to transform a resource-based economy into a knowledge-based one—by disclosing the transition journey of Florianópolis, including progress, challenges, and the new path creation processes. The findings are particularly useful for tourist islands that are aiming for an aspiring knowledge-based urban development and smart city transformation.

Unarguably, smart, sustainable, and knowledge-based development is critical for securing a livable future for our rapidly urbanizing world. The aim of this study is to generate insights into determining effective and efficient strategies to increase sustainability and innovation capabilities of cities to achieve long-term desired urban outcomes. This paper places the city of Florianópolis (Brazil) under the smart, sustainable, and knowledge-based urban development microscope. The methodological approach of the study involves a qualitative analysis through surveys (100 submitted forms, 55 responses received) and interviews (12) with key experts and stakeholders from Florianópolis. The findings of the study reveal that Florianópolis’ innovation ecosystem has high potential to thrive, but the city still has structural issues to deal with first, related to the gap between the potential to grow, and acknowledgement from key actors of the city to support the overall territory development considering the complex dimensions. This issue suggests amplifying the ecosystem’s vision, including different sectors and, especially, addressing innovation for the common good. The insights generated from the investigation of Florianópolis’ case are also invaluable to other cities’ planning for strategizing their transformation, and seeking smart, sustainable, and knowledge-based development pathways.

This article aims to present the contributions of Knowledge Management to Corporate Governance, in order to support its better understanding and identify knowledge gaps to support future research in the area. For this, a theoretical research was carried out, through a review of the literature using the two constructs together. With the Scopus database, 65 publications were identified. From the reading of the abstracts, titles and keywords were identified the publications that were adherent to the purpose of the research. Among the contributions of Knowledge Management to Corporate Governance are those related to the improvement of organizational processes and performance, integrated information management, people management, transparency and risk management.

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