A properly implemented management system can contribute to the financial strength and organizational resilience of a company. Additionally, the Organization for Standardization (ISO) notes that formal, internationally-accepted management system standards bring important technological, economic and societal benefits. They help to harmonize technical specifications of products and services, making industry more efficient and breaking down barriers to international trade. Additionally the use of standards provides a uniform language across industries. This enables international companies to communicate and operate more seamlessly. (ISO, 2014)
Management system standards are used by businesses, large and small, to ensure that operations, products and services meet or exceed customer expectations. They are also used to monitor the health of the organization and drive continual improvement. The best systems provide organizations with ongoing opportunities to improve their processes. With an ISO standards-based system, companies are guided by best practice. Nothing that is critical to the management of a particular business is left out. Organizations learn at every step in the classic Plan-Do-Check-Act model.