Commercial management is "the identification and development of business opportunities and the profitable management of projects and contracts, from inception to completion."
Commercial management within an organization is applied only at policy levels. Commercial policies relate to the rules or practices that define how business will be conducted and the standard terms under which external relationships will be conducted. Many of these policies are reflected in the terms of any contract in which the organization engages. At a transactional level, commercial management is applied through the oversight of trading relationships to ensure their compliance with business goals or policies and to understand or manage the financial and risk implications of any variations.
Video Commercial management
See also
- Contract management
Maps Commercial management
References
External links
- IACCM: International Association for Contract and Commercial Management
- e²cm: Ecole Européenne de Contract Management
- e²cm: Ecole Européenne de Contract Management
- CMPro. The specialist portal for Commercial-, Contract-, Claim-, Construction- Management
Source of article : Wikipedia
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