Corporate Asset Management for Industrial Companies: An Integrated Business-Driven Approach

Komonen, Kari; Kortelainen, Helena; Räikkönen, Minna

doi:10.1007/978-94-007-2724-3_4

Cited by 34 publications

(55 citation statements)

References 7 publications

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“…Changing business environment has increased the strategic importance of PAM in companies that have significant investments in physical assets (Komonen et al, 2012). Without proper management of physical assets serious health, safety, environment, and financial consequences can occur (Ratnayake & Markeset, 2012).…”

Section: Physical Asset Managementmentioning

confidence: 99%

“…Emmanouilidis & Komonen, 2013;Komonen, Kortelainen, & Räikkönen, 2012;Amadi-Echendu et al, 2007;Schuman & Brent, 2005;Ratnayake, 2013;Ratnayake & Markeset, 2012), there is a lack of empirical studies that have explored the PAM practices. As such, PAM as a discipline and business process is yet being at its early stage within the scientific debate and solutions to support its adoption in different industrial contexts are still under definition (Roda & Macchi, 2016).…”

Section: Introductionmentioning

confidence: 99%

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Contingency Factors Influencing Implementation of Physical Asset Management Practices

et al. 2017

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Purpose:The purpose of this empirical study is to examine the role of two contingency factors, i.e. uncertainty and competitiveness in relation to physical asset management (PAM) practices as well as to maintenance key performance indicators. The research is based on a premise that PAM, which was defined by risk management practices, performance assessment practices, life cycle management practices, and policy & strategy practices, has become an indispensable element of strategic thinking of asset owners as well as maintenance and asset managers. The purpose of this study is to advance the understanding of how organizations that face high or low level of uncertainty and competitiveness respond in terms of PAM deployment. Methodology/Approach: This study employed a data set based on a large-scale survey among organizations in six European countries (i.e. Slovenia, Poland, Greece, Sweden, Turkey and Slovakia). Data were collected from 138 organizations located in the above-mentioned countries to conduct the study. Findings:The results show that organizations that are faced with high level of uncertainty and competitiveness are more engaged in the deployment of PAM practices. Moreover, results show that when organizations are facing high levels of competitiveness they are using KPIs to a greater extent than organizations under low levels of competitiveness. Originality/value: From a theoretical perspective, this study contributes to the contingency theory by providing empirical evidence whether a context-dependent approach to PAM is needed. The findings also provide insights for managers on how to respond to the competitive pressure as well as how to customize PAM practices in order to adapt to the changes in dynamic organizational environment.

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Section: Physical Asset Managementmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Contingency Factors Influencing Implementation of Physical Asset Management Practices

et al. 2017

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“…Si et al, 2011). Asset Management objectives are not always fully aligned with the corporate strategy (Komonen et al, 2012). Potential changes in the relevant regimes (e.g.…”

Section: Introductionmentioning

confidence: 99%

“…Si et al, 2011). Asset Management doelstellingen zijn niet altijd volledig afgestemd op de bedrijfsstrategie (Komonen et al, 2012). Er wordt geen rekening gehouden met eventuele veranderingen in de relevante kaders (e.g.…”

Section: Introductieunclassified

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Manoeuvring physical assets into the future

Ruitenburg¹

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Development of a Resilience Management Framework Adapted to Complex Asset Systems: Hydro-Québec Research Chair on Asset Management

Abdul-Nour

Gauthier

Diallo

et al. 2020

Lecture Notes in Mechanical Engineering

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Corporate Asset Management for Industrial Companies: An Integrated Business-Driven Approach

Cited by 34 publications

References 7 publications

Contingency Factors Influencing Implementation of Physical Asset Management Practices

Contingency Factors Influencing Implementation of Physical Asset Management Practices

Manoeuvring physical assets into the future

Development of a Resilience Management Framework Adapted to Complex Asset Systems: Hydro-Québec Research Chair on Asset Management

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