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

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.