5 Business Growth Benefits when implementing ISO Management System Standards

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Published on: September 22, 2023

In the fast-paced realm of modern business, continual improvement is imperative for all organisations. Whether you run a startup business or large multinational organisation, there is no denying continual improvement to remain relevant and stay ahead. Amid intense competition, technological shifts, and economic uncertainties, thriving demands more than survival — it necessitates growth.

Business growth is essential in this context, as it enables businesses to remain healthy and profitable. Without growth, businesses risk becoming stagnant, losing market share, and eventually becoming irrelevant.

While the path to growth may appear multifaceted and challenging, one avenue that holds immense promise is the implementation of ISO Management System Standards. Despite initial perceptions of implementing these standards being a demanding and resource-intensive endeavour, the dividends it offers are substantial and far-reaching. Achieving an ISO Management System Certification is more than a mere recognition; it signifies an unwavering commitment to quality, efficiency, and customer satisfaction.

In this blog, we will explore the top five business growth benefits of implementing one or more ISO Management System Standards, and how they can help businesses achieve long-term success.

5 Business Growth Benefits of ISO Certification

1. Improve efficiencies of processes

ISO Management System Standards are designed to establish a structured and efficient approach to various business processes. By adhering to these standards, organisations can identify bottlenecks, eliminate redundancies, and improve their overall flow of operations. This streamlining of processes leads to increased productivity, reduced operational complexities, and shorter lead times. As a result, businesses can deliver products and services more efficiently, enhancing customer satisfaction and loyalty.

2. Higher profit margins and reduced costs

Efficient processes and optimised resource utilisation directly impact an organisation’s bottom line. ISO standards emphasise cost control, waste reduction, and effective resource management, ultimately leading to reduced operational costs. Furthermore, by implementing standards that focus on quality and risk management, businesses can minimise costly errors and product defects. As operational costs decrease and product quality improves, organisations can experience higher profit margins and enhanced financial performance.

Financial ROI of ISO Management Systems Certification

Want to find out more about the financial ROI of ISO Certification? Read about it here.

3. Qualify for more tenders and contracts

Many government agencies and large corporations require suppliers and partners to meet specific standards before awarding contracts or tenders. Implementing ISO Management System Standards positions a business as a reliable and capable partner. Organisations with ISO Certification demonstrate their commitment to quality, compliance, and continual improvement. This enhanced reputation increases the likelihood of qualifying for lucrative contracts and partnerships, expanding the organisation’s revenue streams.

4. Facilitate continual improvement

ISO Management System Standards are rooted in the concept of continual improvement. They encourage organisations to establish processes for an ongoing assessment, review, and enhancement of their operations. By fostering a culture of continual improvement, businesses can adapt to changing market conditions, customer needs, and technological advancements. This agility allows organisations to stay ahead of competitors and seize new opportunities, driving sustainable growth over time.

5. Improve the business structure and standardise systems for sustainable growth

ISO standards provide a structured framework for establishing consistent and standardised business processes. This standardisation is crucial for healthy and consistent business growth, as it ensures that the organisation’s operations are scalable and adaptable. As the business expands, standardised processes facilitate smoother onboarding of new employees, easier replication of successful practices, and seamless integration of acquired entities. The result is a stronger and more resilient business structure that can support long-term growth objectives.

Additional benefits of the four main ISO Management System Standards

While the above discusses the overarching growth benefits of achieving Certification to the main ISO Management System Standards, each standard has their own individual benefits as well. Let’s have a look at how each of the 4 main ISO Management System Standards can benefit your business:

1. ISO 9001:2015 Quality Management Systems

In simple terms, ISO 9001:2015 is a set of requirements that organisations can implement to ensure they provide high-quality products and services. Globally recognised as the most popular management system standard, it enables businesses to achieve consistent performance and service, while meeting, and sometimes exceeding, customer expectations. ISO 9001 benefits include:

Enhanced customer satisfaction via consistent quality with fewer errors
Facilitates organisational growth via continual improvement
Improves traceability and accountability
Benefits from evidence-based decision making
Greater control and management of quality risks

2. ISO 45001:2018 Occupational Health & Safety Management Systems

ISO 45001:2018 provides a framework for preventing and managing work-related injury and illness by identifying risks and opportunities to eliminate hazards and minimise risks. The standard assists organisations of any size, type, or industry in taking effective preventative actions to promote a safe and healthy workplace, while also effectively addressing legal and ethical concerns. The benefits of implementing an OHS Management System include:

Provide a safer and healthier workplace
Improve hazard identification and control
Increase employee satisfaction and health and safety
Improved productivity through less incidents and downtime
Greater control and management of health and safety risks

3. ISO 14001:2015 Environmental Management Systems

ISO 14001:2015 helps organisations manage and improve their environmental performance throughout the entire life cycle of their activities. This is achieved by identifying and controlling impact, reducing resource consumption and waste, and promoting sustainable practices in operations in relation to how the organisation interacts with the environment. The benefits your organisation can reap from ISO 14001 are:

Reduce environmental impact
Improve business sustainability
Identify ways to positively impact the environment
Reduce, reuse and recycle waste
Greater control and management of environmental risks

4. ISO 27001:2022 Information Security Management Systems

ISO 27001:2022 is a globally recognized Information Security Management System (ISMS) Standard that outlines the best practices and requirements for establishing, implementing, maintaining, and continually improving Information Security. It provides a systematic and structured approach to managing sensitive company information, ensuring the confidentiality, integrity, and availability of the information assets. The benefits of ISO 27001 include:

Improved business cyber security
Keep information assets secure
Improved confidentiality and integrity of data
Secure availability of data
Greater control and management of information security risks

Now the question is, which ISO Standards are right for your business and how much do you want to see your business grow?

Achieving certification is not a simple process, and allowing professional ISO consultants to facilitate it for you will provide the peace of mind that everything is taken care of for you, from your initial discovery session, right up to achieving Certification. At ISO Certification Experts, we can even provide a Certification Readiness Guarantee!

Call us now on 1300 614 007, email us, or book a FREE Strategy Session to solve any further questions about the Certification Process, or to discuss a tailored solution for your business.

About the author

Brooke Romer

Brooke is the Marketing Coordinator and Content Developer at ISO Certification Experts and ICExperts Academy. She is responsible for all of the communications with our audience, including well-researched content across our website, blogs, social media channels, and email marketing. Her passion revolves around simplifying complex topics, helping prospective clients to make well-informed decisions with ease.

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