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The Business Management System

A Framework for International Competitiveness

image of The Business Management System

This guide presents the concept of business management system (BMS) as a generic structure for managing business enterprises. It explains principles of BMS and describes BMS components and how they interact with each other. The guide also reviews various phases of the strategy cycle of business management; deals with developing business capabilities and its importance for the business and outlines the transaction cycle of business management, explaining the tasks involved and their importance in exporting business. The appendices include BMS’s failure mechanisms, a glossary of related terms, and Nomenclature of BMS.

English Spanish, French

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From strategy to business transaction

In the previous chapters we looked at the strategy design and capability building processes of the enterprise. While establishing a strategy and building the required capabilities are necessary, they are not sufficient for business success. Success will occur if and when the enterprise uses those capabilities to fulfil the needs of the customers better than its competitors and profitably completes sales transactions. For this reason, this third and last cycle of the BMS will focus on the management of tasks pertaining to the sales transactions: the Transaction Cycle.

English Spanish, French

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