INTEGRATED MANAGEMENT SYSTEM (BEST4) FOR SUSTAINABLE DEVELOPMENT THROUGH PROCCESS APPROCH

The sustainable development paradigm is becoming more and more a topic for business. In its core, it implies a transition of the self understanding of companies. Milton Friedman’s assumption say that "The business of business is business!" is more and more challenged. Stake holder’s demands are increasing and companies are asked to behave like corporate citizens, value creation processes do focus on economic value creation (economic capital) as well as on value creation for the natural environment (natural capital) and the social environment (social capital).In the current business scenario the focus of stake holder shifted to integrated management and organization have to sustain the business in this competitive market. Now the challenge for organization is to move for business excellence including product quality. Present time is to shift to “BEST” (Business excellence sustainability task), which is nothing but the Integrated Management System i.e. integration of all the four management system ISO 9001(QMS), ISO 14001(EMS), OHSAS 18001, Social Accountability 8000. But do management systems models provide the dequate answers for tackling the far reaching implications of corporate sustainability? The proposed paper will therefore analyze emerging models (based on process approach) of integrated management systems for sustainability. Process approach is the main key to align all the system and keep on tracking the same for continual improvements. The paper will highlight progress & limitations of management systems models in order to drive companies towards corporate sustainability.

INTEGRATED MANAGEMENT SYSTEM (BEST4) FOR SUSTAINABLE DEVELOPMENT THROUGH PROCCESS APPROCH Keywords:

Quality , Integrated Management System , Process approach , Sustainable development