23 November 2011
The International Organization for Standardization has published a new series of international case studies on 11 companies showing that implementing Standards can provide economic benefits from between 0.5% and 4% of their annual sales revenue.
The case studies are based on the experiences of companies operating in a variety of business sectors in 10 countries – Indonesia, Singapore, Thailand, Vietnam, Brazil, Colombia, Peru, Botswana, South Africa, and Germany (two case studies).
The size of the companies varies from a small business with 25 employees and annual sales revenue of around $US 4.5 million to companies with several thousand employees and annual revenue of over $US1.5 billion. The sectors include agri-food, chemicals, construction and construction materials, electrical appliances, electrical power transmission, food retail/food logistics, industrial automation equipment, and information and telecommunication. Read more.
Download the case studies:
- Economic benefits of Standards – Botswana
- Economic benefits of Standards – Brazil
- Economic benefits of Standards – Columbia
- Economic benefits of Standards – Germany Nanotron Technologies GmbH
- Economic benefits of Standards – Germany Siemens
- Economic benefits of Standards – Indonesia
- Economic benefits of Standards – Peru
- Economic benefits of Standards – Singapore
- Economic benefits of Standards – South Africa
- Economic benefits of Standards – Thailand
- Economic benefits of Standards – Vietnam
To read the Business and Economic Research Limited report commissioned by the Standards Council on The Economic Benefits of Standards to New Zealand, go to http://www.standards.co.nz:/news/Associated+news.htm and scroll down to the report.
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About Standards New Zealand
Standards New Zealand is the operating arm of the Standards Council, and part of New Zealand's standards and conformance infrastructure. Standards New Zealand is an autonomous Crown entity responsible for managing the development and distribution of Standards across a range of sectors nationally.
Standards New Zealand is a self-funded, not-for-profit organisation, relying on revenue primarily from contracts with sponsors to develop Standards, and from sales of Standards publications. Our independence helps us facilitate a cross section of stakeholders' contributions to the development of Standards, and ensure that each Standard meets the needs of end users.
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The question is not what you gain from standardisation, it's what you lose without it.