How Important is Asset Management for Companies?
Posted: Wed Jan 22, 2025 6:50 am
Every company, whether big or small, must have assets (companies) that they manage to achieve company goals. Company assets are like investments, where companies bet on these assets for future business development.
Good assets will certainly accelerate the company to achieve its goals, conversely bad assets will actually slow down the company's pace to achieve its goals. Therefore, it is important for a company to pay attention to how they manage assets and empower the assets they have.
Asset management then comes as a solution for companies list of kuwait cell phone numbers to manage their assets, so that these assets can accelerate the company's goals. So what exactly is asset management? And how important is the role of asset management in a company?
Understanding Asset Management
Asset management is simply a way to organize and manage a company's assets. While others say that asset management is a company's activities that are systematically and coordinated to manage the company's assets, including employee performance, risks, and costs during the useful life of the assets to achieve the company's predetermined goals.
What is meant by assets themselves can be physical assets, financial assets, expert personnel or employee staff, data and information, as well as intangible company assets, such as company valuation values and others.
Solutions to Asset Management Constraints
Sometimes some companies experience obstacles in managing and organizing their assets. The following are solutions to problems that often occur in corporate asset management, especially for physical assets.
Record All Assets Owned
Not a few companies apply the FDH (fat, dumb, and happy) approach when managing and organizing their assets. Unfortunately, this asset management approach is ineffective and tends to give a negative impression.
In fact, asset management is important for a company, so that the company can develop more efficiently by optimally utilizing the assets owned by the company.
There are at least several stages that need to be carried out if a company wants to implement asset management.
Good assets will certainly accelerate the company to achieve its goals, conversely bad assets will actually slow down the company's pace to achieve its goals. Therefore, it is important for a company to pay attention to how they manage assets and empower the assets they have.
Asset management then comes as a solution for companies list of kuwait cell phone numbers to manage their assets, so that these assets can accelerate the company's goals. So what exactly is asset management? And how important is the role of asset management in a company?
Understanding Asset Management
Asset management is simply a way to organize and manage a company's assets. While others say that asset management is a company's activities that are systematically and coordinated to manage the company's assets, including employee performance, risks, and costs during the useful life of the assets to achieve the company's predetermined goals.
What is meant by assets themselves can be physical assets, financial assets, expert personnel or employee staff, data and information, as well as intangible company assets, such as company valuation values and others.
Solutions to Asset Management Constraints
Sometimes some companies experience obstacles in managing and organizing their assets. The following are solutions to problems that often occur in corporate asset management, especially for physical assets.
Record All Assets Owned
Not a few companies apply the FDH (fat, dumb, and happy) approach when managing and organizing their assets. Unfortunately, this asset management approach is ineffective and tends to give a negative impression.
In fact, asset management is important for a company, so that the company can develop more efficiently by optimally utilizing the assets owned by the company.
There are at least several stages that need to be carried out if a company wants to implement asset management.