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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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Transaction cycle management: Getting paid

Working capital is the capital needed to finance the operating cycle of a business. The operating cycle of a business is an important concept and is defined as the period during which raw materials or inputs are converted into finished products or outputs. In financial terms, this is the time between making expenditures on a specified unit of production and receiving cash following the sale of that unit.

English Spanish, French

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