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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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Innovation and positioning

Innovation is the most direct route to domination. An enterprise with a new product is, by definition, the sole supplier in the market. Innovations can be product innovations, product-service innovations, or process innovations. An enterprise may find it expensive to engage in R&D to innovate. However, an enterprise should at least track the scientific advances for all its product, service and processes as an integral part of managing a business.

English Spanish, French

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