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KNOWLEDGE-BASED ASSET MANAGEMENT - Essay Example

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For Waveriders to achieve its goals it needs a formidable knowledge-based asset management strategy that will guarantee the success of its operational processes Therefore, it would require a well-established strategic program focused on helping it to carry out its mandate. The…
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KNOWLEDGE-BASED ASSET MANAGEMENT
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Download file to see previous pages The company should be able to build on its capital and asset base within the first year to actually realize its full potential of meeting its goals. It should be able to formulate a policy to accomplish this objective
The second year will in essence revolve around setting up a growth strategy and formula to promote company growth in all the necessary sectors. This approach would ensure that the enterprise strengthens its asset base and share value within that set time frame of a year.
In the third year the company’s mandate would be to open up and expand all its communication channels within the third year. This move would guarantee that the enterprise strengthens its client base by upgrading all its communications systems thus improving its communications network.
During the forth year its focus will be strengthening its administrative base and leadership to streamline service delivery. By overhauling the entire organizational setting, the company is injecting new life into its core to ensure efficient service delivery.
The fifth year would encompass rebranding and formalizing new business practices within the enterprise. This strategy would ensure that the enterprise can present itself as an entirely different and fresh entity with a new identity and a new objective.
To espouse the out and out implementation of the tenets ascribed to each year of the knowledge-based asset management process, certain essential modus operandi would enable Waveriders’s journey to excellence. Highlighted herein guidelines for consideration in the Excellence Model:
It is important that the organization set up a planning committee with immediate effect. This committee would help in organizing affairs as well as creatively bringing up suggestions and ideas of benefit. The committee would also change the order of the planning stage. This would enable the board to return and address the problem at a later stage when it is of more benefit. Furthermore, the committee would also ...Download file to see next pagesRead More
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