THEORETICAL CONTRIBUTION TO THE STUDY OF THE EFFECTS OF INTEGRATED MANAGEMENT SYSTEMS ON THE ECONOMIC PERFORMANCE OF COMPANIES

Josip Britvic (), Natasa Drvenkar () and Josipa Forjan ()
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Josip Britvic: AFNOR Croatia d.o.o., Zagreb
Natasa Drvenkar: J. J. Strossmayer University in Osijek
Josipa Forjan: J. J. Strossmayera University in Osijek

Economic Thought and Practice, 2024, vol. 33, issue 2, 557-583

Abstract: Globalisation, economic growth and development, but also social and political demands, are forcing companies to adopt a management system that enables them to adapt to challenges in the short term and maintain the stability of the company in the long term. The development of standards on which management systems are based facilitates company management and significantly increases the company's competitiveness. The paper analyses previous research focusing on the study of the implementation of integrated management systems in organisations. The analysis of previous research has shown that there is still a need for research in the area of examining the impact of integrated management systems on the economic performance of organisations. The aim of this article is to provide a theoretical framework based on recent and relevant research efforts focussed on integrated management systems. The paper summarises the research on the impact of integrated management systems on the economic performance of a company, describes the most commonly applied integrated management system together with a description of existing models for evaluating company performance, and lists the advantages and disadvantages of the research that has examined the analysed impacts.

Keywords: integrated management systems; economic performance of companies; measurement of company performance; competitive advantage of companies (search for similar items in EconPapers)
JEL-codes: D24 L15 M11 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.17818/EMIP/2024/2.11

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