{"id":11693,"date":"2023-02-21T11:40:39","date_gmt":"2023-02-21T10:40:39","guid":{"rendered":"https:\/\/cowrywise.com\/blog\/?p=11693"},"modified":"2023-05-06T23:01:38","modified_gmt":"2023-05-06T22:01:38","slug":"critical-assets","status":"publish","type":"post","link":"https:\/\/cowrywise.com\/blog\/critical-assets\/","title":{"rendered":"What Are Critical Assets?"},"content":{"rendered":"\n

Key takeaways<\/strong><\/p>\n\n\n\n

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  1. Critical assets are resources that sustain the validity of a business. <\/li>\n<\/ol>\n\n\n\n
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    1. Critical assets vary among organizations based on their operations.<\/li>\n<\/ol>\n\n\n\n
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      1. They must be protected and properly cared for.<\/li>\n<\/ol>\n\n\n\n
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        1. Loss of critical assets can lead to a financial crisis.<\/li>\n<\/ol>\n\n\n\n

          What are critical assets?<\/h2>\n\n\n\n

          Critical assets are the resources organizations own that are essential to their operations and in delivering their mission. These assets are necessary for an organization to function and be able to deliver on its core mission in whatever field\/industry they are in.<\/p>\n\n\n\n

          Critical assets differ from organization to organization. The critical assets for company A can be totally different from that of company B. This is because they are determined by what\u2019s essential to the organization.<\/p>\n\n\n\n

          Types of critical assets<\/h2>\n\n\n\n

          Because critical assets are determined by different organizations, it is difficult to typify them. But a general way to group them will be;<\/p>\n\n\n\n

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          1. Tangible assets:<\/strong> These are assets that are physically accessible and accounted for e.g. buildings, laptops, documents, operational gadgets, etc<\/li>\n<\/ol>\n\n\n\n
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            1. Intangible assets: <\/strong>These are assets that are important but not physically tangible or accessible. e.g intellectual property, trademarks, reputation, company image, copyrights, data, information, etc<\/li>\n<\/ol>\n\n\n\n

              Some examples of critical assets<\/h2>\n\n\n\n

              As stated earlier, critical assets vary from organization to organization depending on its operations, functions, and mission. Some examples in different industries including;<\/p>\n\n\n\n