The Role of Standards in Company Management

Standardization as an approach and the application of standards both at the macroeconomic and microeconomic level represents in the current period of development an imperative to ensure competitiveness but at the same time a condition that allows participation in certain markets. With increased development among industrialized countries, internationally accepted norms or standards are needed to support this trend. This paper supports and argues the idea that organized standardization has now become an important element of infrastructure needed for the healthy growth of industry and commerce in all countries of the world. The international standards of ISO contribute to benefiting consumers, businesses, governments and society as a whole.