Strategic characterization of process assets based on asset quality and business impact
Abstract
Purpose
The purpose of this paper is to present the strategic intangible process assets characterization (SIPAC) methodology illustrated by an example of its application to the field of information technology (IT). This is a pioneering methodology for characterizing the impact and quality of intangible process assets and intellectual capital as levers to achieve organizational objectives. This strategic intellectual capital approach will help to identify both intangible assets and indicators geared to meeting organizational objectives. This is of vital importance since the success of an organization can be construed in terms of goal achievement.
Design/methodology/approach
The paper illustrates an example of the step-by-step application of the proposed methodology at an IT company. The aim is to describe its use in a real case so that other companies can benefit from the replication of the methodology used.
Findings
The proposed methodology (SIPAC) that the authors have designed and applied has been found to be useful and provide an insightful new point of view for strategic decision making in the IT industry taking into account intangible process assets.
Practical implications
The proposed methodology has been exemplified in a real case. This should help organizations to use the methodology to replicate the results.
Originality/value
Each and every organization has know-how represented by intangible assets. This paper meets an identified need to use intangible process assets as levers to help organizations achieve their business goals.
Keywords
Acknowledgements
This work has been partially funded by the Spanish Ministry of Science and Technology through the project TIN2011-27244.
Citation
Sanchez-Segura, M.-I., Ruiz-Robles, A., Medina-Dominguez, F. and Dugarte-Peña, G.-L. (2017), "Strategic characterization of process assets based on asset quality and business impact", Industrial Management & Data Systems, Vol. 117 No. 8, pp. 1720-1737. https://doi.org/10.1108/IMDS-10-2016-0422
Publisher
:Emerald Publishing Limited
Copyright © 2017, Emerald Publishing Limited