Commercial management

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Commercial management, also known as commercial administration, is overseeing and directing an organization’s functions and activities involved in the process of exchanging goods, services, or other valuable assets, as well as any revenue-generating and profit-driven activities; in order to create and sustain positive economic value, while effectively minimizing risks and costs. In other words, commercial management is "the identification and development of business opportunities and the profitable management of projects and contracts, from inception to completion".