Revision as of 18:15, 11 January 2023 by Js (talk | contribs) (Created page with "=<span style="color: #1b56e2;">Asset</span>= '''A structure we need and use to perform our capabilities.''' ==Description== Enterprises need to develop, buy and manage a broad range of tangible or intangible assets (such as buildings, machines, raw materials, software applications and know-how) to perform the capabilities needed to run their business. Assets are an important concept in economics and strategic management and a central part of finance. Buying assets from...")
Asset
A structure we need and use to perform our capabilities.
Description
Enterprises need to develop, buy and manage a broad range of tangible or intangible assets (such as buildings, machines, raw materials, software applications and know-how) to perform the capabilities needed to run their business. Assets are an important concept in economics and strategic management and a central part of finance. Buying assets from suppliers connects the enterprise to its supply chain.
Examples
- A railroad maintenance company requires fuel and gravel, and operates power lines and tracks.
- A freelance legal adviser works with contracts, legal texts and court decisions.
- A public healthcare provider operates with hospital buildings, medical records, and planning systems.
- An air traffic control organisation runs applications and databases to track flights, airlines and airports.
Use
- Build new capabilities from existing assets.
- Know your existing assets and build up new ones to improve capabilities and competitive advantage.
- Measure the cost of running a process or delivering a product by summing up the costs of required assets.
- Manage the procurement and logistics of assets.
- Store data in applications that can later be used as an asset in a capability.
- Develop algorithms and business rules and use them as assets in applications.
Related
- process requires asset
- capability requires asset
Variants
- Tangible assets
- Intangible assets
- Digital assets