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|Also referred to as "Economic Context".
One of the facets in the context of the organization.
Every organization must navigate its unique context, which will vary depending on several factors, including:
An understanding of the financial context is necessary for the organization to determine value and establish appropriate:
Elements of the Economic/Financial Context
External Economic Factors
Examples of "Knots" in the Financial Context
Listed below are some examples of problems in the financial context of an organization:
Process and Analysis of the Financial Context
An understanding of the legal context of an organization is derived from:
Listed below are some of the keys steps associated with the PESTLE Analysis
Tools for the Economic/Financial Context
Listed below are some of the tools to assist the asset management team with the management of the financail context:
Fig. Every organization is influenced by a multi-faceted context. These facets should be recognized as landmarks that will orient the organization ast it navigates a path along the asset management journey.
Fig. Financial "knots" must addressed carefully or they may get even tighter.
Fig. Organizational "knots" (problems) require patience and finesse to untangle them -- or they will get even tighter. Do you know how to untangle the knots in your organization?
Fig. All sectors of the economy present varied contexts in which organizations operate. The primary sector (extraction), secondary sector (production), tertiary sector (service-based) and the quaternary sector (knowledge-based).
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