5m's Of Management: Basic Asset Management Strategies Employed In Businesses

Strategies adopted to manage the asset of firms can be listed or summarized in the following headings based on the resources utilized.

• Money management
• Machine management
• Men management
• Market management
• Material management

Every business need to observe these strategies so as to fully optimize the use of human and material resources it has for the achievement of its basic goals. Money, Machine, Men, Market, and Materials are all vital asset of company needs to be managed efficiently.