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Strategic infrastructure asset management : a conceptual framework to identify capabilities

Too, Eric G. & Too, Linda (2010) Strategic infrastructure asset management : a conceptual framework to identify capabilities. Journal of Corporate Real Estate, 12(3), pp. 196-208.

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Abstract

Purpose – The purpose of this paper is to develop a conceptual framework that can be used to identify capabilities needed in the management of infrastructure assets.

Design/methodology/approach – This paper utilises a qualitative approach to analyse secondary data in order to develop a conceptual framework that identifies capabilities for strategic infrastructure asset management.

Findings – In an external business environment that is undergoing rapid change, it is more appropriate to focus on factors internal to the organisation such as resources and capabilities as a basis to develop competitive advantage. However, there is currently very little understanding of the internal capabilities that are appropriate for infrastructure asset management. Therefore, a conceptual framework is needful to guide infrastructure organisations in the identification of capabilities.

Research limitations/implications – This is a conceptual paper and future empirical research should be conducted to validate the propositions made in the paper.

Practical implications – The paper clearly argues the need for infrastructure organisations to adopt a systematic approach to identifying the capabilities needed in the management of strategic infrastructure assets. The discussion on the impact of essential capabilities is useful in providing the impetus for managers who operate in a deregulated infrastructure business landscape to review their existing strategies.

Originality/value – The paper provides a new perspective on how asset managers can create value for their organisations by investing in the relevant capabilities.

Impact and interest:

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ID Code: 35710
Item Type: Journal Article
Keywords: Asset Management, Strategic Management
DOI: 10.1108/14630011011074795
ISSN: 1463-001X
Subjects: Australian and New Zealand Standard Research Classification > ENGINEERING (090000) > CIVIL ENGINEERING (090500) > Infrastructure Engineering and Asset Management (090505)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Organisational Planning and Management (150312)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 2010 Emerald Group Publishing Limited
Deposited On: 21 Sep 2010 17:36
Last Modified: 01 Mar 2012 00:29

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