The fundamental principle of any political community is the mutual acknowledgment as autonomous individuals, each with a right to personal self-fulfillment (Zürn, 2000), besides their alignment towards unity and integration for the national development and its balanced contribution to the globe. Knowledge Management (KM) and citizen participation in the form of Web 2.0-based e-forums promote a facilitating buffer technique for streamlining the governance structures and processes towards balanced development and growth by satisfying the enablement of the principle along with e-governance. A metric that targets learning and growth perspective of balanced scorecard strategy remains the foundation for all strategies (Kaplan and Norton, 2000, p. 93). Therefore, the objective of this paper is to deal with the KM and also present the illustrations of the state-of-the-art e-governance efforts for citizen engagement.

According to Zürn (2000), the fundamental principle of any political community is the mutual acknowledgment as autonomous individuals, each with a right to personal self-fulfillment besides their alignment towards unity and integration for national development and its balanced contribution to the globe.

Many organizational development strategies are trying to follow the balanced scorecard strategy. Kaplan and Norton (1992) mentioned that the balanced scorecard puts strategy and vision at the center, not the control. It establishes goals, but assumes that people will adopt whatever behaviors and take whatever actions are necessary to arrive at those goals.
The measures are designed to pull people toward the overall vision.

Effective Knowledge Management (KM) capabilities can contribute in the construction of meaning and value to an individual’s life.

It can be understood from the citation of Bingham (2006) that the construction of meaning and value to personalization, customization and their alignment towards community, society, and nation’s development, as a part of globalization, is gaining importance in recent times. This reflects the feeling of having not only the physical features of our local environment, but also our fundamental interests towards security, wellbeing, belongingness, recognition and autonomy within our community (Fisher et al., 1991). Fundamentally, social beings show interest to live in association with one another, and the recent growth and development of urban governance is one of the manifestations of this truth. Research studies demonstrated that the perceptions of fairness and legitimacy of governing processes depend largely on the nature of citizen participation, especially opportunities to voice the citizens’ view (Lind and Tyler, 1998). The meaning and value of community can be recognized when other members of the community listen to the voice of community as evident from the group value theory (Tyler, 1989). Thus, citizen participation and community participation are gaining momentum in building societies in our local environment and their useful patterns in the sustainable development of the nation as well as the world.

Knowledge Management Journal, International Accounting Standards Board, Financial Accounting Standards Board, Generally Accepted Accounting Principles, GAAP, EXtensible Business Reporting Language, XBRL, Knowledge Accounting Components, Accounting System, GAAP Codification, Business Transactions, Public Administration Processes, Ontological Methods, Manufacturing Sectors, Financial Statements, Knowledge Acquisition, Information Systems.