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STRATEGIC+ASSET+MANAGEMENT.ppt

  1. STRATEGIC ASSET MANAGEMENT
  2. Intellectual Property Assets • Assets that result from the activities of the mind 1. Trademarks include all service marks, trade names, designs logos, seals and symbols that are uniquely developed by an individual, organization or groups 2. Software (OS, program & application) 3. Original literary, music and art 4. Trade secrets (all technical information) when organization possesses these assets – the firms has organizational monopoly
  3. Human Resource Assets • Human resource assets are the strengths of organizations that consist of: 1. Collective “expertise” (professional competence) 2. Personal traits (inspire, ingenuity, integrity) 3. Creative and problem solving capabilities 4. Managerial, entrepreneurial, and competency asset skills (management functions 5. Human centred assets Possession of human resource assets creates both leverage and a competitive edge
  4. Marketing Assets • Market assets are results of market-related intangibles such as: 1. Brands – effective means of market supremacy 2. Company names 3. Customer loyalty (repeat business) 4. Distribution channels 5. Alliances and linkages
  5. Market Dominance brought about by market assets: 1. An effective but less expensive medium for product and service identification – branding creates popularity and awareness 2. A company name that is well known increases the financial worth 3. Repeat business is a by-product of customer loyalty 4. Increased product and service sales result from efficient and well-organized modes of bringing goods to the public
  6. Infrastructure Assets • Infrastructure assets include: 1. A lean organizational structure – a flat structure lessens bureaucracy 2. Organizational culture or unique way of thinking (a smooth blending of: beliefs, attitudes, values and philosophies) 3. Managerial and functional work practices 4. Technology is based in scope and perspective Possession of infrastructure assets brings a comparative advantage
  7. Strategic Asset Management Intellectual Property Ownership Assets Market Assets Human Resources Assets Monopoly Dominance Leverage Infrastructure Assets Comparative Advantage
  8. Asset Management Strategies Competency Learning Competitive Innovation Strategic Enhancement Asset Management Strategies
  9. Competency Learning: Laying the Groundwork • Competency refers to the knowledge, attitudes and skills expected of an individual in carrying his job tasks. • It is aligned to the vision-mission • It is a necessary tool for the actualization of organizational plans and the implementation of strategies • It puts emphasis on evaluation and accountability of performance and essential in attaining productivity
  10. Classifications of competencies include CORE, FUNCTIONAL and MANAGERIAL 1. Core competencies are basic (ex. Integrity is expected of every employee) 2. Functional competencies are expected of employees performing job functions in marketing, production, human resource, technology and finance 3. Managerial competencies are administrative and attitudinal in nature (management functions)
  11. Strategic Enhancement: “Widening the Horizon Different ways in strategically enhancing an organizational memory based system: 1. Maximize the reach of infrastructure technology. Computers are perfect mediums for broadening new business possibilities, like systematizing documentation and operation 2. Need to appreciate the business value of knowledge, information and communication technology. By managing infrastructure capabilities, business performance can be actualized and improved by:
  12. • Creating a data-based portfolio of customers, suppliers, competitors and all information • Undertaking systematic computer-based recording and application of knowledge in systems, processes and programs • E-marketing and e-trading to sell • Using communications technology to minimize time leaks • Availing of courier hubs for fast delivery
  13. Strategic Enhancement: “Widening the Horizon Different ways in strategically enhancing an organizational memory based system: 3. Conduct formal and informal training 4. Systematize a process of enriching job pathing of employees from being starters with zero knowledge to becoming learners thru supervised apprenticeship 5. Empower employees 6. Interact with experts
  14. Strategic Enhancement: “Widening the Horizon Different ways in strategically enhancing an organizational memory based system: 7. Prepare programs for employees leading to attitudinal change 8. Provide access to needed resources 9. Broaden networking thru strategic alliances 10. Analyze cultures
  15. Competitive innovation: “Creating Bargaining Power” • Innovation assures business sustainability, competitive advantage and creating bargaining power. It can refer to: 1. creating, conceptualizing or inventing new ideas. Originality in action, re-engineering new insights 2. Bringing a paradigm shift from the conservative mindset to that of openness, aggressiveness, adaptability to needed changes 3. Revolutionizing a synergistic outlook and willing to invent new ideas
  16. Innovation Scenarios 1. Differentiating existing products and services (improvements, highlighting features and attributes) 2. Reinventing products and services – repackaging or reintroducing a product 3. Continuously experimenting (researches for new products) 4. Applying recent and new technologies in information or communication that will significantly change organizational structures and systems for optimality
  17. Innovation Scenarios 5. Changing business models. This involves generating a new framework and approach characterize by innovative, smart and strategic ideas and plans in pursuing and conducting a business 6. Creating new products and services to “futurize” the organization. 7. Widening the breadth and depth of intellectual capital found in individuals, teams and departments, particularly intellectual property assets and ownership
  18. • Competencies today are more important than seniority. The degree of performance or delivery of outcomes is a significant indicator of how individuals will succeed in their respective careers. • Strategic enhancing widens one’s career horizon while achieving competitive innovation creates his/her bargaining process.
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