Enterprise Asset Management and Performance Appraisal of Abstracts

Organizational Innovations for Modern Enterprise

19 Enterprise Asset Management

THE NEW WAY: Abstract things like expertise, commitment, integrity and learning capacity are decisive assets.

The accounting practices commonly used by companies to manage their assets, have proven deficient for the purposes of innovation in today's hyper-competitive world. The reasons for this are twofold. First, financial accounting offers only a retrospective view of operating results, with the best-kept 'books' always being prepared - at best - a week after the business activity they seek to measure, and even then, only in the highly distilled terms of dollars and cents. This is why innovative companies... ... read the 1,791 words that used to be in this web article by buying...

How we perceive ourselves and our organizations; will determine - more than anything else - our fates. Change your mind and MOVE UP!

... Chapter 19 Excerpt: 'Enterprise Asset Management'

In its pure essence, a company is defined by its assets and its beliefs. Everything about what it does and how it does it, are expressions of the marriage between these two elements. The struggle companies must undertake, is to bring everything together in the right way. Most people readily agree that "right" is a matter of environment and mission. Others say it's a matter of principle. To ask; "How do we manage our assets?" is to pre-empt the issue. To arrive at a worthwhile answer, we must first ask; "What are assets?"

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