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Global Quality Standards of a Hospital

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Why are global quality standards important to external shareholders? Please provide an example of how global standards benefit a hospital organization's shareholders.

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This solution discusses why global quality standards are important to external shareholders in 332 words.

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Why are global quality standards important to external shareholders? Please provide an example of how global standards benefit a hospital organization's shareholders.

Global quality standards are important to external shareholders. Global quality standards are internationally recognized standards of quality. These standards are set benchmarks for the quality of goods or services that the company produces. Setting international standards has perceptible benefits to the company. With compliance to Global quality standards, an organization produces goods/services that have a wide market, an acceptable cash flow, and a high standard of operation. The external stakeholders are customers, ...

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  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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