asset-management

Vocabulary Word

Definition

Asset management involves managing a company's assets so they generate the highest possible returns. It can include financial products, real estate, and intellectual property.

Examples in Different Contexts

In finance, 'asset management' refers to the systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner. A financial advisor might say, 'Effective asset management can significantly increase the value of an investment portfolio over time.'

Practice Scenarios

Real-Estate

Scenario:

Our properties have been performing well, but there's always room for improvement. How can we further enhance their value?

Response:

Perhaps, we need stronger asset management principles. Focusing on preventive maintenance might increase property life and value.

Finance

Scenario:

With market fluctuations, it's important we reassess the risk tolerance of our portfolio.

Response:

Asset management is crucial here. By rebalancing the portfolio, we can maintain the desired level of risk.