All entries for Thursday 05 June 2014

June 05, 2014

Asset Management – Don't take it for granted

After having a chance to go through all of Asset Management's aspects in the moodle, I'd like to share that although these contents may seem tedious or overly techincal for some, the importance of these points to the success of an organization is as vital as making as closing a lucrative deal.

Without getting into detail, the proper understanding of how to efficiently manage the organizations facilities (both in the planning and operational stages) are very importnat because any breakdown or mistake in these systems may stop the company for working properly.

For instance, the clearest example is emergency planning, the contigency plans are planned out to the smallest details in the organization, because it is supposed to help save the company in times of crisis, although it may not be staring at the company in the face at the time of planning, but proper leadership will not oversee these matters definitely.

Also, when conducting business plans, or feasability studies for starting a business, or expanding the company, assets management is extremely importnat and needs to be considered in detail, as I can explain in another occassion when I had to do it for my previous employer.

What's importnat is when these aspects are looked at from a real-life perspective, they are key to a company's success, as much as any other aspect of running a business.

June 2014

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