The integration of standardized management systems: managing business risk
International Journal of Quality & Reliability Management
ISSN: 0265-671X
Article publication date: 6 March 2017
Abstract
Purpose
Protecting business value is regarded to be the cornerstone of any organization. The purpose of this paper is to investigate and explore the potential contributions of the integration of standardized management systems (MSs) into an integrated MS. This will support a better coordinated management of different kinds of risks that exist in organizational processes.
Design/methodology/approach
The findings are based on literature as well as empirical case studies conducted by the authors. It focuses on the potential results of integration of MSs.
Findings
It is found that the integration of MSs leads to a more coherent, extensive, consistent, and harmonized process of identification of hazards. Also, it is found that from integration also results in the minimization of associated risks that affect key aspects of business, considering the organizational context vs requirements of each relevant stakeholder, as defined in related management systems standards.
Research limitations/implications
This research, investigate the risk management (RM) and the integration of MSs from existing research papers about empirical studies for the period 2000-2014, including case studies in which the authors are involved. The number of enterprises can be larger.
Originality/value
Although there is some research regarding RM in organizations related to isolated implementations of MSs, this paper stands in a different perspective, since it addresses the issues emerging from the integration of standardized MSs in a broader perspective.
Keywords
Acknowledgements
This work had the financial support of the Portuguese Foundation for the Science and Technology (FCT) through the Strategic Project – UI 4005 – 2014, Project Reference PEst-OE/EME/UI4005/2014.
Citation
Ferreira Rebelo, M., Silva, R. and Santos, G. (2017), "The integration of standardized management systems: managing business risk", International Journal of Quality & Reliability Management, Vol. 34 No. 3, pp. 395-405. https://doi.org/10.1108/IJQRM-11-2014-0170
Publisher
:Emerald Publishing Limited
Copyright © 2017, Emerald Publishing Limited