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Commercial management

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Title: Commercial management  
Author: World Heritage Encyclopedia
Language: English
Subject: Management, David Urquhart (bishop), Business administration, Board of directors, Corporate title
Collection: Management
Publisher: World Heritage Encyclopedia

Commercial management

Commercial management is the non-revenue and expenses to generate a financial return. Its origins appear to go back to the defence and construction industries in the United Kingdom in the 1590s.

Commercial management within an organization is applied only at trading relationships to ensure their compliance with business goals or policies and to understand or manage the financial and risk implications of any variations.

ICM defines Commercial Management as: "The identification and development of business opportunities and the profitable management of projects and contracts, from inception to completion."

External links

  • ICM: Institute of Commercial Management
  • 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
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