A Practical Assessment of Strategic Management Processes in Leasing - A Case Study of the Lease Finance Unit of Freann Financial Services Limited (FFSL)

Abstract

Freann Financial Services Company (FFSL) was established in 2008 to provide finance for equipment acquisition by companies through leasing. Leasing is fundamentally a business arrangement, where the owner of an asset (Lessor) allows another person (Lessee) to have possession and use of the asset for a consideration (rental). The essential feature of leasing is the retention of ownership of the asset by the party who allows the other party to use it, a “permanent separation of ownership and use”. This key element distinguishes leasing from other forms of purchase, loan or credit instruments.