OK, when I click the shortcut to open Outlook 2007, I receive an error
message stating that, Business Contact Manager has encountered a problem and
needs to close. We are sorry for the inconvenience.
Ah, yes they are always sorry for the inconvenience.
What is your Operating System and Service Pack Level
Do you have Windows Update switched on and is it up to date.
Have you got the latest service packs for Office 2007
Make sure all of the above are at the latest level and try again
You might also want to try running a quality registry cleaner such as
Registry Mechanic as that sometimes helps. I have had situations where a
program has failed to load and some registry housekeeping has fixed it.