Volatile Economy and Asset Management
Posted on September 11, 2009
Filed Under Technology | 9 Comments
Despite the economic turmoil of a global scale, asset management may still stand and survive to keep your company in top shape. Studies suggest that appropriate asset management systems help improve productivity and performance. The good thing is that asset management is a holistic effort of the components, and is something that is really meant to be shared within the bound of the company. There is no outsourcing involved. Here are some techniques that will guarantee that your asset management will defy any economic storms.
1. Go for the strong assets
By strong assets, we mean assets that can survive changes. If you have some stocks, which are highly volatile in nature, have some investments on established entities as well. This may oppose the – Nothing venture, nothing gained – adage but a certain measure of security is still vital for success.
2. Ensure support from the higher ups
The top ranking officers of your company must support your asset management systems if it were to materialize fully. The support will also prompt other members in the company to be mindful of the undertaking.
3. Set your priorities
There should be plan of action. What are your preferences? If your priorities are to protect one’s security, you might have to be more rigid with your asset management tactics. On the other hand, if you have planned expansion of activities, you may have to manage your assets in a way that it is more open for change and risk. However, you must make risks that are calculated and make sure that you can bounce back should things go badly.
4. Easy does it
Make changes gradual, if you are to introduce them. Do not shock the system with revolutionary changes. In order for it to last longer, there needs to be at least a period of transition for any undertaking. The same thing goes with asset management.
5. Identify trends
If there have been instances that occur again, make sure that the current system is able to learn from its past mistakes. This self-learning quality is one of the ways in which you can ensure that the asset management system will be able to endure even the toughest economic shakings.
6. Use the best tools
If you have the intellectual support for managing assets but undermanned when it comes to resources, you may stand to suffer losses. Technological advances have made it possible to manage everything from the desk and without much hassle. So make the best use of the technology while it is made available for you.
7. Review the facts regularly
It is of paramount importance to conduct a review of your asset management systems. You will be hopelessly out of sync if you have not taken stock of situation for years together. In that way, you will be completely prepared and equipped to successfully weather the economic turmoil.
Watch the video related to technology asset management
Telargo is a leading provider of mobile asset management technology, services and business solutions. Using advanced technologies coupled with comprehensive analysis and management software, Telargo enables customers to streamline operations and maximize the performance of their mobile assets including: vehicles, machinery, trailers, vessels and drivers/operators. Telargo’s service platform combines a variety of established technologies from global positioning systems (GPS) and wireless …
Help answer the question about technology asset management
The following is an excert from Lucent Technologies Management?The following is an excerpt from Lucent Technologies’ Management?
Executive Summary
We design and deliver the systems, software
and services that drive next-generation communications
networks. Backed by Bell Labs
research and development, we use our
strengths in mobility, optical, access, data and
voice networking technologies, as well as
services, to create new revenue-generating
opportunities for our customers, while
enabling them to quickly deploy and better
manage their networks. Our customer base
includes communications service providers,
governments and enterprises worldwide.
We have three segments organized
around the products and services we sell.
The reportable segments are Integrated Network
Solutions (“INS”), Mobility Solutions
(“Mobility”) and Lucent Worldwide Services
(“Services”). INS provides a broad range
of software and wireline equipment related
to voice networking (primarily consisting
of switching products, which we sometimes
refer to as convergence solutions, and voice
messaging products), data and network
management (primarily consisting of access
and related data networking equipment
and operating support software) and optical
networking. Mobility provides software and
wireless equipment to support radio access
and core networks. Services provides deployment,
maintenance, professional and managed
services in support of both our product
offerings as well as multi-vendor networks.
Beginning in fiscal 2001, the global
telecommunications market deteriorated,
resulting from a decrease in the competitive
local exchange carrier market and a significant
reduction in capital spending by established
service providers.This trend intensified
during fiscal 2002 and continued into fiscal
2003. Reasons for the market deterioration
included general economic slowdown, network
overcapacity, customer bankruptcies,
network build-out delays and limited availability
of capital.
We believe that the market for telecommunications
equipment has stabilized
and is starting to grow in certain areas. The
growing demands of enterprises and consumers
for additional services tailored to
their needs is creating the need for a new
convergence of networks, technologies and
applications.
Required
1. Using the Consolidated Balance
Sheets for Lucent Technologies for
September 30, 2004 and 2003, prepare
a common-size balance sheet.
2. Evaluate the asset, debt, and equity
structure of Lucent Technologies, as
well as trends and changes found on
the common-size balance sheet.
3. What concerns would investors and
creditors have based on only this
information?
4. What additional financial and nonfinancial
information would investors
and creditors need to make investing
and lending decisions for Lucent
Technologies?
About Author
First read this article that explains why enterprise asset management is vital for a company. You will then understand better the importance of timely and valuable asset management solutions.
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I've sent the Excel file to that address you gave me.
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I've sent the file to that address you gave me.
I've sent the file to that address you gave me.