asset

(noun)

Any component, model, process, or framework of value that can be leveraged or reused.

Related Terms

Examples of asset in the following topics:

  • The Resource-Based View

    • The resource-based view (RBV) of strategy holds company assets as the primary input for overall strategic planning, emphasizing the way in which competitive advantage can be derived via rare resource combinations.
    • Upper management must carefully consider what resources are at the company's disposal and how these assets may equate to operational value through strategic processes.
    • This advantage can be sustained if competitors are not able to duplicate this strategic asset perfectly.

  • Assessing an Organization's Technological Needs

    • Assessing the internal technological assets and future needs of an organization prepares management for successful technology integration.

  • The Mission of Human Resource Management

    • It regards people as the most important single asset of the organization.

  • Observable Culture

    • Ravasi and Schultz (2006) stated that the culture of an organization is the asset of shared mental assumption by the members of the organization.

  • Task Forces

    • Formation of a task force allowed officers and equipment that formally belonged to different groups to come together for a single specific purpose, without reassigning responsibility for those assets or requiring the reorganization or repurposing of the fleet.

  • Types of Stakeholders

    • Typically two companies form a strategic partnership when each possesses one or more business assets that will help the other but that the other does not wish to develop for themselves.

  • Combining Internal and External Analyses

    • Organizations must carefully consider what internal assets will differentiate them from the competition, within the same competitive environment.

  • A Leader's Influence

    • The ability to influence is an important asset for leaders, and it is also an important skill for those in sales, marketing, politics, and law.

  • Barriers to Managing Control

    • These issues can result in inaccurate measurements, which can make the control process more of a danger to the evolution of the process than an asset.

  • Technical Skills of Successful Managers

    • Successful managers in an organization must therefore learn to use the technological assets at their disposal, collecting critical information and data to communicate upward for strategic planning.