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


The transaction cycle tasks

Looking at the transaction cycle tasks of the BMS, you may think that at this level there are tasks that will affect your exports that are not mentioned. This is because you should have handled the tasks relating to those capabilities well before the transaction cycle is set in motion. For example, if meeting determined quality standards is essential for your international sales, your quality standards and quality control procedures should have been developed at the capability cycle level and already be in place by the time you pursue an order.

English Spanish, French

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