Abstract
The corporate asset strategy determines whether assets
should be
enhanced by capital investment, maintained to maintain
their position or
disposed of. Thus, the corporate asset strategy connects
corporate objectives to
the available production technology, and consequently,
the production asset
base has to be developed so as to support the company's
objectives.
Even though it is evident that physical assets are key
elements in bringing
the corporate strategy into action, many asset owners
still do not connect
asset management with corporate strategy. This paper
examines the
influence of the market demand and competitive situation
to asset management
decisions, especially operative investment decisions in
the capital-intensive
manufacturing industry. It proposes a practical
semi-quantitative approach to
support business-driven asset strategy decisions. The
empirical research was
carried out in cooperation between researchers and
companies. The results
indicate that a systematic strategy-oriented analysis can
be successfully
combined with the corporate asset management decisions.
Original language | English |
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Pages (from-to) | 208-222 |
Journal | International Journal of Strategic Engineering Asset Management |
Volume | 2 |
Issue number | 2 |
DOIs | |
Publication status | Published - 2015 |
MoE publication type | A1 Journal article-refereed |
Keywords
- asset management
- investment option
- strategy
- market demand
- competitive situation
- risk
- uncertainty