A MECHANISM FOR THE EARLY DETECTION AND MANAGEMENT OF PHYSICAL ASSET MANAGEMENT STRATEGY EXECUTION FAILURE

Johann Stimie, PJ Vlok

Abstract


The purpose of this paper is to present a mechanism that can assist physical asset management (PAM) practitioners and academics with the early detection and management of PAM strategy execution failure. In the pursuit of this objective, case studies were applied to develop the theory related to this topic the methodologies involved in the development of theory through case studies was were applied. The paper commences with a brief literature review of the contemporary literature on general business strategy, strategy execution, and, more specifically, PAM strategy execution failure (PAMSEF).

The physical asset management strategy execution enforcement mechanism (PAMSEEM) is presented next. Validation of each one of the components of the PAMSEEM takes place within the context of an organisation that is highly dependent on physical assets (PA) dependent organization. The conclusion reached is that the PAMSEEM, can indeed assist organisations with the early detection and management of PAMSEF. 


Full Text:

PDF


DOI: https://doi.org/10.7166/27-3-1651

Refbacks

  • There are currently no refbacks.




Copyright (c) 2016 Johann Stimie, PJ Vlok


ISSN 2224-7890 (on-line) ; ISSN 1012-277X (print)


Powered by OJS and hosted by Stellenbosch University Library and Information Service since 2011.


Disclaimer:

This journal is hosted by the SU LIS on request of the journal owner/editor. The SU LIS takes no responsibility for the content published within this journal, and disclaim all liability arising out of the use of or inability to use the information contained herein. We assume no responsibility, and shall not be liable for any breaches of agreement with other publishers/hosts.

SUNJournals Help