CONTRIBUTION OF THE QMS PRINCIPLES TO COMPANY PERFORMANCE

Stojan Črv, Mirko Markič

Abstract: Companies put a lot of efforts to identify factors affecting their business performance. The purpose of this research was to explore the contribution of quality management systems (QMS) on the business performance of companies in terms of return on equity (ROE). A systematic review of scientific literature dedicated to QMS and company performance was performed with a quantitative method. The main finding of this study is that effective implementation of QMS contributes to the business performance of companies. We also identified which of the seven QMS principles, based on standard ISO 9000, and which company performance indicators, were most frequently discussed. In none of the studies to date have the authors comprehensively examined all seven QMS principles, while the business performance, evaluated by the ROE indicator, was discussed in only one study. Finally, a research gap was identified concerning the impact of the QMS principles on ROE.

Keywords: Success Factors, Companies, Quality, Management, Principles, Business Performance

DOI: 10.24874/IJQR17.01-14

Recieved: 28.03.2021  Accepted: 13.06.2022  UDC: 005.523

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