| Commercial Management |
Article Index for Commercial |
Website Links For Commercial |
Information AboutCommercial Management |
| CATEGORIES ABOUT COMMERCIAL MANAGEMENT | |
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Commercial management is a term that is used to describe the non-technical business disciplines within a company or organization and in particular "the process of controlling or administering the financial transactions of an organization with the primary aim of making a profit". (From 'Commercial Management of Projects', Lowe and Leiringer, 2006). Although the term has increasing international use (as reflected in the growth of 'commercial manager' as a job role), its origins appear to go back to the UK Defense and Construction industries in the 1950s. Contents 1 Areas of Commercial Management 2 External links Commercial management within an organization is applied at both policy and transactional 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. External links {Link without Title} http://www.iaccm.com/, International Association for Contract and Commercial Management {Link without Title} http://www.icm.ac.uk/, Institute for Commercial Management |
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