Economic Benefits of Standards – Case Studies

A series of groundbreaking case studies by the International Organization for Standardization (ISO) and partner organizations shows that implementing standards can provide economic benefits from between 0.5 and 4 percent of companies’ annual sales revenues. The studies are based on the experiences of 11 companies operating in a variety of business sectors in 10 countries.

The size of the companies varies from a small business with 25 employees and annual sales revenue of around $4.5 million, to companies with several thousand employees and annual revenue of more than $1.5 billion.  They operate in a variety of business sectors: agri-food, chemicals, construction and construction materials, electrical appliances, electrical power transmission, food retail/food logistics, industrial automation equipment, and information and telecommunications.

These case studies were undertaken in close cooperation between an ISO member body, an academic institution, a company in the respective country, and staff of the ISO Central Secretariat acting as advisors to the project team.

Readers interested in more details of the preliminary case studies can find the full versions of the reports originally developed by the project teams and summary presentations about each project at the iso.org website.

Interested in more information on the proven financial benefits of ISO Registration, contact us. Share with us your organization’s benefits derived from registration.  These benefits are much more than financial. Let us know and we will publish your comments in our next monthly newsletter!

 

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