The impact of integrated management system on the financial performance of enterprises
The impact of integrated management system on the financial performance of enterprises

Summary/Abstract: The implementation of an integrated management system brings the business organization reduced costs, lower material and labor requirements, better reputation, better competence of business partners or the general public and new customer contacts. At the same time, the business organization accepts the commitment of sustainable development. These benefits are reflected in into an increased performance of the organization, which at the same time becomes more efficient. The main objective of the paper was to evaluate the economic situation of the selected organization before and after the implementation of the integrated management system on the basis of selected indicators. Furthermore, within this analysis, a regression analysis was performed in order to identify the dependence between material consumption and sales revenue separately for the period before and after the implementation of the integrated management system. Finally, a time series forecast was made for the development of sales of own products and services and material and energy consumption. The performed analysis does not confirm the trend of improvement with the length of time the integrated management system has been in operation in the enterprise. The same applies to material consumption, which is growing faster than the growth in sales of own products and services. Despite these circumstances, the company considers the implementation of the integrated management system to be the right choice. It should pay more attention to its financial indicators, which show low values and a declining growth rate in the last years of the period under review compared to previous years.

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