Small and medium-sized enterprises share standard success stories

How do small and medium-sized enterprises (SMEs) compete on a level playing field with the biggest business? Quite simply: by applying International Standards.

It is estimated that more than 90 % of the world’s businesses are SMEs. Surprised? Don’t be. SMEs are, on average, the businesses that are generating growth, creating jobs, growing faster and innovating more. More importantly, they are a good deal less complicated (structurally) and more efficient and flexible than are large firms. International Standards provide as many benefits for small businesses as they do for global enterprises. Their strategic use can make a significant difference to the annual turnover of an SME, sometimes the difference between success and failure.

Given the trend towards outsourcing activities and the growing importance of cooperation in the value chain, effective Management System Standard implementation by SMEs is of key importance in facilitating trade and promoting sustainable development.

Read on and discover why International Standards are of strategic economic importance, and how SMEs (despite all obstacles) stand to gain most from their use.  See the February issue of ISO Focus which highlights the importance of International Standards to the company.

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