According to the latest Corporate Longevity Forecast issued by INNOSIGHT, the average lifespan of a company in the Standard & Poor`s 500 Index was 24 years in 2016, and by 2027, the average lifespan of a company will reach just 12 years. The main reasons cited for these decreases in lifespans are new technologies, economic shocks, disruptive competitors and failure to adequately anticipate future business challenges.<\/p>\n
A newly published ISO standard<\/strong> aims to help: ISO 9004 – Quality management – Quality in an organisation – A guide to achieving sustainable success<\/em>. With the help of this ISO standard, organisations preparing for such challenges can gain access to the secrets and strategies of the world’s most sustainable organisations.<\/p>\n This standard is the revised version of ISO 9004:2009 and builds on previous guidance to help any kind of organization, of any size, improve its performance, adapt effectively to market changes and achieve sustainable success.<\/p>\n ISO 9004 helps organizations move to the next level beyond ISO 9001<\/a> (Quality Management Systems) by addressing topics such as aligning and implementing strategy, policies and objectives within the broader context of an organization’s vision, mission, values and culture.<\/p>\n