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The Strategic Weave - How to Embed Strategy in Asset Management

9th January 2015

 

Kees Beentjes from SPM Assets and Oriwia Raureti of Te Wānanga o Raukawa presented a thought provoking paper titled ‘The Strategic Weave’ at the recent NAMS Advanced Asset Management Forum in Auckland.

‘The Strategic Weave’ examines how the Wānanga has adopted and embraced the core principles of effective asset management. In the education system of New Zealand, a Wānanga is a publicly owned tertiary institution that provides education in a Māori cultural context.

The paper looks at the foundation of the Wānanga institution, in particular its core Māori ethos, in which it explores the kaupapa (Māori values) intrinsic connection with their tikanga (action, processes, and policies). It specifically looks at the way Te Wānanga o Raukawa, a tertiary education provider based in Otaki, has their strategic intent embedded and woven through all aspects of asset management.

An unmistakable parallel exists between the concept of tikanga and asset management. If tikanga are the practices expressing kaupapa, they are tactical, while the kaupapa themselves are strategic. In terms of asset management the tactics used day-to-day under the guise of “asset management” are analogous to tikanga as they are designed to achieve the strategic goals. This link between assets and their strategic objectives is further demonstrated through; optimised decision-making, level of service linkages, performance measurement, and meeting prescribed requirements. This alignment is distinctly Māori and the processes of strategic weaving through all aspects of asset management is a clear example of good practice in the asset management sector.

Te Wānanga o Raukawa is successfully journeying to “see the world through Māori eyes”. Learning from them will perhaps better allow you to weave your strategies, your own kaupapa, into asset management.

Click here to read the complete paper

 
 
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