What is a strategy in asset management?

What is a strategy in asset management?

According to the Institute of Asset Management, an asset management strategy is a “long-term optimized approach to management of the assets, derived from, and consistent with, the organizational strategic plan and the asset management policy.” Stated differently, an asset management strategy is a high-level but very …

What is strategic asset?

Strategic assets are, the set of difficult to trade and imitate, scarce, appropriable and specialized resources and capabilities that bestow the firm’s competitive advantage. Core competencies are distinctive, rare, valuable firm-level resources that competitors are unable to imitate, substitute or reproduce.

What are examples of strategic assets?

Examples of strategic assets include quality, reputation, managerial skills, brand recognition, patents, culture, technological capability, customer focus, and superior managerial skills (Barney & Zajac, 1994; Castanias & Helfat, 1991; Chakraborty, 1997; Hawawini, Subramanian, & Verdin, 2002; Kogut & Zander, 1993).

What should an asset management plan include?

An AMP typically covers the following areas:

  • Asset System Description.
  • Standard of Service Definition.
  • Current Asset Performance.
  • Planned Actions.
  • Costs.
  • Benefits.
  • Potential Improvements.

    What are the levels of strategic control?

    In management, there are varying levels of control: strategic (highest level), operational (mid-level), and tactical (low level). Imagine the president of a company decides to build a new company headquarters.

    WHY IS IT asset management important?

    Asset management allows the organization to keep track of all their assets. It can tell where the assets are located, how they are used, and when changes were made to them. The data from the asset management solution can ensure that asset recovery will lead to better returns.

    What is the primary goal of monetary asset management?

    (1) The primary goals of monetary asset management are to maximize interest earnings and to minimize the fees of expenditures.

    What is the concept of competitive assets?

    Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. These factors allow the productive entity to generate more sales or superior margins compared to its market rivals.

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