For a company, high investments, profits, and cash reserves mean higher salaries for employees, better working conditions, and better returns for investors. Employees with better moods can produce better products, and the direct result is that customers benefit from improved living standards and increased leisure time. If a company can prove that its business is consistently consistent, running well, trustworthy, ethical, and can even make the world a better place, then the company will attract picky customers and gain more business.
Conducting audits and evaluations based on ISO international standards and other rules can positively impact a company's financial and subjective value. The ten roles of standard certification in adding value to a company are:
1. Proving business operations and continuous improvement capabilities can attract more investors
Any investor hopes that their investment is safe. They hope that the companies they invest in can grow and succeed. For investors, the proof provided by ISO standard certification is a good indicator that your company is serious, responsible, professional, and constantly seeking ways to improve the company. This will make your company a better investment target.
2. Formal system certification can help you reduce waste, lower costs, and thereby increase cash flow
In the manufacturing process, if employees do not have procedures to follow, the risk of errors increases, leading to waste of time and materials. In addition, production is not at the optimal operating level, which may lead to uneven product quality. If your company can consistently manufacture products, not only can you better manage your resources, but you can also reduce costly returns or rework.
3. ISO standard certification can provide you with opportunities to increase your income
No matter how high-quality your products are or how excellent your services are, if your company does not pass ISO standard certification, many organizations will not cooperate with you. Without certification, many blue chip companies and government departments will have little business relationship with you. Being certified means you can bid on larger projects, which may be the difference between a good fiscal year and an excellent fiscal year.
4. If you are not well-known in the market, ISO certification will give you a certain level of integrity capital
Emerging enterprises or mature enterprises entering new regional markets for the first time have no credibility in the market. Your potential customers know nothing about you, and you have to deal with competitors who already have obvious brand awareness. Obtaining ISO certification helps establish trust, which means potential customers are likely to give you an opportunity as it is evident that you are engaged in professional operations. The company already has a formal process, and you are willing to accept independent third-party audits. This proves your character and helps to build a positive and constantly evolving brand image.
5. Identify core values and increase opportunities for collaboration
Your clients are likely to hope that the transactions they reach with you are ethical and responsible. If they feel that you agree with their core values, they are more likely to consider working with you. More customers mean more income. Media