All entries for Thursday 27 May 2010
May 27, 2010
Asset management gained a great recognition in business. Its importance grows since companies begin to understand that the ability to manage asset effectively could improve operations of the company and as a result improve the performance. However in order to manage assets effectively organization need to have a knowledge about them which should be generated in order to enhance performance of assets. This is where Knowledge Management becomes important area to assist the work of Asset Management. However, Knowledge management is not an easy area to manage, because it highly depends on people, on culture of the organization which need to foster knowledge sharing. Someone is said that “soft” issues are the hardest ones. But which could be a source of competitive advantage if organizations are able to manage it. Many successful organizations now are working towards those “soft” issues and realized that future success of the business depend on ability to manage them. It is the soft issues, which are drives of improvements of the hardware of organization.