A latest update from Enterprise Singapore last Wednesday has indicated that the EDG funding support will be reduced from 70% to 50% for applications from 1 April 2023 onwards. Refer to below:
Adopting the ISO standard is a strategic move that can benefit businesses in numerous ways. The ISO standard provides a set of internationally recognized guidelines for managing various aspects of a business, including quality, environmental impact, and information security. By implementing ISO standards, businesses can improve their operations, enhance customer satisfaction, reduce costs, and gain a competitive edge in the market.
ISO certification demonstrates to customers and stakeholders that a company is committed to excellence and has a well-established quality management system in place. This can lead to increased trust and confidence in the company’s products and services, resulting in repeat business and positive word-of-mouth recommendations.
Besides, ISO standards help businesses identify and address areas of weakness in their operations, leading to greater efficiency and cost savings. By implementing environmentally sustainable practices, businesses can reduce their impact on the environment and improve their reputation among eco-conscious customers.
ISO standards can help businesses stay ahead of the competition by providing a framework for continual improvement and innovation. By regularly reviewing and updating their processes, businesses can adapt to changing market conditions and stay ahead of emerging trends.
Hence, adopting ISO standards is a smart investment for any business looking to improve their operations, enhance their reputation, and gain a competitive edge in the market.