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Institute of Technology and ManagementEconomic Benefits of Standards

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Economic Benefits of Standards

Lupe

A series of ground-breaking case studies by ISO and partner organizations based on the experiences of 11 companies operating in a variety of business sectors in 10 countries shows that implementing standards can provide economic benefits from between 0,5 % and 4 % of their annual sales revenues.

The case studies are collected in the newly published ISO book, Economic benefits of standards. The 11 companies that participated come from Indonesia, Singapore, Thailand, Viet Nam, 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 USD 4,5 million to companies with several thousand employees and annual revenue of over USD 1,5 billion.

The case studies from Germany were prepared within the Chair of Innovation Economics of the TU Berlin:

  • Investigation of the economic benefits of standardization for Siemens switch technology by Henryk Wolisz

  • Study on Application for measuring the economic benefits of standards within the company Nanotron Technologies by Hannes Langer

 

Get a copy of the book.

 

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