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A Brief Discussion and Analysis into the Definition and Importance of such a Concept within the World of Operational Management
Finance & Accounting
Pages 5 (1255 words)
Whereas asset management is necessarily one of the primal duties that any manager must necessarily engage in, asset management cannot and should not be understood as something of a monolithic term. Accordingly, both long and short term assets exist. …
Whereas asset management is necessarily one of the primal duties that any manager must necessarily engage in, asset management cannot and should not be understood as something of a monolithic term. Accordingly, both long and short term assets exist. Oftentimes, within the realm of asset management, the reader or individual is led to the belief that nearly all asset management must necessarily be long-term However, the fact of the matter is that short-term asset management is a process that requires a far higher percentage of the manager’s time than does long-term asset management. Although the planning and implementation stage of long-term management is something that necessitates careful analysis, short-term asset management is a process that must be engaged with each and every day and at almost every juncture of the business process.. In such a way, in order to understand this continual process of short-term asset management, the preceding analysis will review, define, and project the ways in which short-term management of assets takes place within a typical firm and the means by which its comes to be of extreme importance. Through such an analysis, it is the hope of this author that the reader will gain a more definitive understanding of what short-term asset management means and the way in which they can have both a positive and detrimental impact upon the level to which a given firm/entity/organization can hope to compete within the current market. ...
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