Commercial management is "the identification and development of business opportunities and the profitable management of projects and contracts, from inception to completion".[1]
Commercial management within an organization is applied only at policy levels.[clarification needed] 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.
Within the UK government, civil service competency includes the ability to "[achieve] commercial outcomes".[2] An "uplift in commercial and contract management capabilities" among staff in government and the wider public sector engaged in project and programme delivery has been seen as an important efficiency goal. A "Contract Management Capability Programme" was initiated in 2018 to secure training, development and accreditation in contract management, including the commercial elements of delivering government programmes.[3]
^Institute of Commercial Management, "What is Commercial Management?" Archived 2017-12-05 at the Wayback Machine
^Civil Service Human Resources, Civil Service Competency Framework 2012 - 2017, update published 2015, accessed 24 November 2023
^Government Commercial Function, Contract Management Capability Programme, published April 2023, accessed 24 November 2023
and 28 Related for: Commercial management information
Commercialmanagement is "the identification and development of business opportunities and the profitable management of projects and contracts, from inception...
The Institute of CommercialManagement (ICM), founded in 1979, is a Professional Body for Commercial and Business Development Managers, and an Examining...
Management (or managing) is the administration of organizations, whether they are a business, a nonprofit organization, or a government body through business...
by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing...
Comparative Study of a Nationalized Commercial Bank with That of a Private Commercial Bank". Journal of Management and Research. 6 (2): 138–170. doi:10...
Wanda Group's Wanda CommercialManagement Group (51%), Tencent (42.48%), and Gaopeng (6.52%). In December 2014, Dalian Wanda Commercial Properties, the group's...
for its fleet of commercial rental trucks. Ryder specializes in fleet management, supply chain management, and transportation management. It also offers...
Air Force". Retrieved 1 December 2017. "Program Management Certification | PMI". "Project Management Professional (PMP)® Certification | PMI". "PO Certification"...
Odaiba, Tokyo, Japan. It is a commercial facility located in DiverCity Tokyo, operated by Mitsui Fudosan CommercialManagement. Gundam Base Tokyo (7F) A full-scale...
the commercialmanagement of the life of a product in the business market with respect to costs and sales measures. Product lifecycle management can be...
University. He holds a diploma in Human Resource Management from the Institute of CommercialManagement, UK, a postgraduate diploma in Applied Theology...
Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate...
terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Buzzwords Corporate...
first class, the École des hautes études commerciales de Paris (HEC) aimed to be in the fields of management and commerce what the École Centrale de Paris...
Financial management is the business function concerned with profitability, expenses, cash and credit. These are often grouped together under the rubric...
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and...
to meet its strategic commercial objectives. This means that they are closely linked to the organization's strategic management function, in drafting...
equipment, and weapons in military supply-chain management, and typically supplies and equipment in a commercial supply chain context. In a military context...
the school was renamed to China Junior College of Industrial and CommercialManagement. In 2000, the school was renamed again as Chung Kuo Institute of...
Look up project management in Wiktionary, the free dictionary. Project management is the process of leading the work of a team to achieve all project...
In inventory management, a stock keeping unit (abbreviated as SKU, pronounced es-kay-YOO or SKEW) is the unit of measure in which the stocks of a material...
Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. As of 2022[update], the company had $548...
management is sometimes performed by separate companies than the commercialmanagement, that involves chartering of the vessels and the financial aspects...
billion in assets under management, it manages several investment vehicles including its publicly traded REIT, Ares Commercial Real Estate Corporation...
of Management programmes in International Management, Project CommercialManagement and Project Leadership Several Executive Master of Management programmes...